VF Corporation announced better than anticipated sales and earnings for the third quarter of 2003, reflecting stronger than expected sales in the Company's core businesses and a higher than expected profit contribution from Nautica Enterprises, Inc.
Author: James Hartford
Columbia Raises Guidance on Solid Q3 and Strong Futures
Columbia Sportswear Company saw third quarter net sales increase 12.6% to $373.4 million for the quarter ended September 30, 2003. Net income rose 11.8% for Q3 to $63.6 million, or $1.56 per diluted share, compared to $56.9 million, or $1.42 per diluted
Huffy Services Arm Changes Name
Huffy Corporation subsidiary, Huffy Service First, Inc., has changed its name to Huffy Service Solutions, Inc. (HSS) reflecting its diversified channel, customer and strategic focus…
Callaway Q3 Earnings Fall 71% on Sales Decline
Callaway Golf Company reported net sales for third quarter dipped 4.3% to $154 million. Foreign currency exchange rates positively impacted net sales for Q3 by approximately $3 million, resulting in a constant currency sales decline of 6.2%. Net income
Johnson Steps Down from Saks 5th Avenue Position
Saks Incorporated announced that Christina Johnson has resigned as President and Chief Executive Officer of Saks Fifth Avenue Enterprises (SFAE) to devote more time to family matters. Johnson's successor has been selected and will be announced in Dec
SBI Appoints VP Global Tax and Corporate Finance
Sport Brands International, which recently purchased Fila and all its subsidiaries worldwide, has named Christopher Blumhard as Vice President Global Tax & Corporate Finance for the company. In his new role, Mr. Blumhard will be responsible for the compan
Burlington Creditors Approve Restructuring Plan; Senior Management Ousted
WL Ross & Co. LLC announced that creditors had voted overwhelmingly in favor of its purchase of Burlington Industries upon its reemergence from Chapter 11 reorganization now targeted for November 10, subject to prior Bankruptcy Court approval and named a
TJX to Buy Bob’s Stores Out of Bankruptcy
The TJX Companies, Inc. announced that it signed an agreement to purchase substantially all of the assets of Bob's Stores. Bob's Stores and its subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. TJX expect
Rawlings Saves K2, Inc from Q3 Sales Decline
K2 Inc. reported net sales for the third quarter ended September 30, 2003 increased 12.1% to $168.0 million from $149.8 million in the 2002 third quarter. Rawlings generated net sales of $20.2 million in Q3 that were not part of the numbers last year. T
Brass Eagle Merges Into K2, Inc.
K2 Inc. and Brass Eagle Inc. jointly announced the signing of a definitive merger agreement in which Brass Eagle would become a wholly-owned subsidiary of K2. In the transaction, each outstanding share of Brass Eagle common stock will be exchanged for 0.6
Unifi Posts Fiscal Q1 Loss on 18.6% Sales Decline
Unifi, Inc. announced a net loss of $4.6 million or 9 cents per share for the fiscal first quarter ended September 28, 2003, which compares to net income of $4.3 million or 8 cents per share for the prior year September quarter. Net sales for the Septemb
Smith Optics Seeks Help on Goggle Round Up
Smith Sport Optics Inc. has reported that the 24,000 goggles stolen from a customs depot on the Canadian border
three years ago have finally resurfaced. Smith has been attempting to purchase the goggles from closeout distributors to get them off the mark
Search Is On For New Co-Sponsor of SoBe/Cannondale Team
Team director Matt Jewett is confident he'll be able to land a new sponsor for the SoBe/Cannondale mountain bike squad, following SoBe's decision earlier this week to not renew its sponsorship of the pro-am team for 2004. Started in 1999, the t
Wilson is Official Olympic Tennis Ball
Wilson will be the official tennis ball of the 2004 Olympic Games. The US Open Tournament Select tennis ball will be used in play for the eight day event August 15 – 22nd…
Pro Golf of America Gets Aggressive on Store Growth
Pro Golf of America is finding opportunities for growth in the golf retail sector by opening a record number of new stores this year. The company projects that it will lead the golf retail category with 15 new store owners in 2003. That growth is expect