Skechers USA, Inc. announced net sales for the third quarter of 2003 totaled $221.8 million compared to $261.1 million in the third quarter of 2002. Net loss for the quarter was $5.9 million, or a 15 cents loss per diluted share, versus net earnings of $
Author: James Hartford
Outdoor and Acquisitions Fuel VF Corp. Q3 Growth; Company Ups Guidance
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.
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
Phoenix Footwear Doubles Q3 Net Income
Phoenix Footwear Group, Inc. reported net sales increased 15.6% to $11.0 million for the third quarter ended September 27, 2003 versus $9.5 million for the third quarter of 2002. The increase in net sales for the third quarter of 2003 is primarily a resul
Columbia Takes Home Earnie and Apex Awards
Columbia Sportswear Company received the 2003 Earnie Award presented by Earnshaw's Magazine for Best Design in Boys Outerwear. The award ceremony occurred at the Copacabana in New York City. In addition to receiving its second Earnie Award, Columbi
Deckers Swings to Q3 Profit on 40% Sales Gain
Deckers Outdoor Corporation reported net sales for the third quarter increased 40.4% to a record $24.9 million compared to $17.7 million in the same period last year. Net earnings for the quarter were $481,000, or $0.04 per diluted share, compared to a ne
Oakley Q3 Net Income Up 10.3% on 9.9% Sales Gain
Oakley, Inc. announced net sales for the quarter increased 9.9% to a third quarter record $145.0 million, compared with last year's third quarter net sales of $131.9 million. Net income for the third quarter totaled $13.5 million, or $0.20 per dilute
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