GolfGear International, Inc. has initiated a strategic new operational and marketing plan that will shift the way the company manufactures, markets and sells its golf clubs. Aggressive steps are being taken to reduce expenses and overhead, and, by the en
Author: James Hartford
PUMA Taps Barrett for New Fashion Range
PUMA AG has appointed Neil Barrett as Creative Director for a new series of PUMA Collections that are expected to debut with delivery in late Spring 2004. The collection ranges from technical and lifestyle sportswear to high-end men's and women'
Coastcast Chairman Won’t Acquire Company
Coastcast Corporation reported that the Chairman is no longer pursuing an acquisition of the company. The Board of Directors of the company have agreed that it is too expensive and not in the best interest of all the shareholders to continue as an SEC-re
Nike Sues FIFA Over Women’s World Cup Trademark
Nike, Inc. has sued FIFA, soccer's world governing body, over the phrase “USA 2003”. Nike claims in its suit that it has the right to use the phrase to promote the U.S. women's national team even though trademark rights might be violated in the
Converse Signs Five NBA First-Round Draft Picks
Nike took little time in ramping up the endorsement roster at newly-minted subsidiar Converse. In a move that signals its redoubled commitment to performance basketball, sports marketing and its authentic basketball heritage, Converse announced that it h
Callaway Inks Bag and Timepiece License Deals
Callaway Golf has signed an exclusive global licensing agreement with TRG Accessories, which is also a global licensee for the Swiss Army Brands and Timberland Company travel gear businesses, to create and sell a Callaway Golf Gear collection of golf trav
NRF: Retail still Bullish on Holiday, But September Slowed
The latest findings of the NRF-BTM Executive Opinion Survey (EOS), a monthly index by the National Retail Federation (NRF) and the Bank of Tokyo-Mitsubishi Ltd. (BTM) show just how far the industry has come in the past year since the EOS was launched. Th
Dick’s SG Adds Chief Administrative Officer
William R. Newlin has been elected Executive Vice President and Chief Administrative Officer of Dick's. Newlin, who was most recently Chairman and CEO of Buchanan Ingersoll, one of the nation's premiere law firms, will work with CEO Ed Stack and
Iacon Lanches New Outlet Store Concept
Iacon, Inc., a retail store division of Oakley, Inc., announced that it will be introducing a new retail concept, Sunglass Club, which will focus on high-quality outlet retail opportunities with two stores planned to open in 2004…
Skechers Signs Jeans Licensee
Skechers USA, Inc. has named Federal Jeans, Inc. the licensee for Somethin' Else from Skechers-branded junior sportswear apparel in the United States and Canada. The line will launch in department stores in August 2004…
Stride Rite Q3 Earnings Down on Higher Tax Rate
The Stride Rite Corporation reported net sales for the third quarter of fiscal 2003 were $139.7 million, an increase of 2% from the net sales of $137.0 million in the comparable period of fiscal 2002. Net income for the quarter declined 9.0% to $6.4 mill
RLX Extends Aspen Uniform Deal
Aspen/Snowmass skiers and riders will continue to see a lot of the RLX logo as RLX Ralph Lauren announced that it will be the official uniform supplier to Aspen Skiing Company for another four years. RLX was previously awarded the Aspen/Snowmass uniform
CPSC Hits Brunswick with Million Dollar Bike Fine
The Consumer Product Safety Commission has fined Brunswick Corp. $1 million stemming from allegations that the maker of Mongoose and Roadmaster bicycles didn't report knowledge of 31 serious incidents involving defective forks on the bikes in a timel
SBI Announces Major Strategic Reorganization at Fila
A strategic reorganization of Fila and its worldwide subsidiaries was announced Friday by Jon Epstein, CEO of Sport Brands International Ltd (SBI), the new owners of Fila. The reorganization is designed to achieve global efficiencies for the company and r
Nike Sees Fiscal Q1 Earnings Rise 21% on Exchange-Aided Growth
NIKE, Inc. reported that revenues for the fiscal first quarter ended August 31, 2003 increased 8.0% to $3.0 bn, versus $2.8 bn for the same period last year. First quarter net income totaled $261.2 million, or $0.98 per diluted share, compared to a loss o