VF Corporation has completed the previously announced merger between Nautica Enterprises, Inc. and a subsidiary of VF for a total consideration of approximately $600 million. The merger was approved by Nautica's stockholders on Wednesday. VFC announ
Author: James Hartford
Nike Makes Five Senior Promotions
NIKE, Inc. announced the appointment of five executives to key posts. Tom Arndorfer has been appointed as Vice President and Chief Financial Officer of Nike USA; Jim Carter as Vice President, General Counsel; Adam Helfant as Vice President of U.S. Sports
Collegiate Pacific Fiscal 2003 Income Up 56% on 25% Sales Gain
Collegiate Pacific reported revenues for its fiscal year 2003 rose 25% to $21 million while net income jumped 56% to $1.2 million, or 30 cents per diluted share. BOO is projecting that revenues for the 2004-2006 periods will be approximately $26 million,
West Marine August Comps Up 1.1%
West Marine, Inc. reported that net sales for the four weeks ended August 23, 2003 were $59.2 million, a 26.5% increase from net sales of $46.8 million for the same period a year ago. Comparable store sales increased 1.1% from the same period a year ago..
New Era Cap Renews NBA Licensing Deal
New Era Cap Company has signed a two-year licensing agreement with the National Basketball Association. The agreement, which runs through September 2005, provides New Era with manufacturing and marketing rights in such key product lines as the Hardwood C
adidas Signs Young Sprinter to Endorsement Deal
adidas has signed sprinter Allyson Felix, the 2003 Gatorade Female Athlete of the Year, to a product endoresemnt and marketing deal. Felix has gone from a nationally ranked junior, to a competitor at the World Championships. Earlier this year, Felix ach
Malden Extends Emerge Date; CEO Looks for Buyback Help
Malden Mills has filed for an extension in its bid to emerge from bankruptcy to give CEO Aaron Feuerstein more time to raise the funds necessary to buy back controlling interest in the company. It now looks like September 10th is the target day to exit C
Gart Q2 Net Income Falls 17% on Merger Costs, Lower Comps
The new Sports Authority, Inc. reported Q2 results for the Gart portion of the business only, stating that the quarter is a “lost quarter” for the former TSA business. Combined company results for the new Sports Authority will be provided beginning with
HS Trask Granted License for Ducks Unlimited Footwear
Phoenix Footwear Group, Inc. has been assigned a licensing agreement with Ducks Unlimited, Inc., the world's largest wetlands and waterfowl conservation organization, for promotion and distribution of a Ducks Unlimited line of casual men's footw
Forzani Q2 Net Income Up 10.2% on Flat Comps
The Forzani Group Ltd. reported that retail system sales for the second quarter of fiscal 2004 grew 7.5% to C$262.7 million ($183.0 million) compared to C$244.3 million ($156.2 million) for the same period of the previous year. Combined revenues from corp
Vaccaro Resigns from adidas
Published reports late last week indicate that Sonny Vaccaro, adidas’ director of basketball, has resigned from the company. The move furthers impacts the floundering adidas basketball program that has lost quite a bit of share to resurgent Reebok and ot
SGMA: U.S. Sporting Goods H1 Imports See Robust Growth
According to SGMA International’s analysis of data from the U.S. Commerce Department, sporting goods imports for the first half of 2003 compared to 2002 increased by 8.8% . In 2002, imports had declined by 1.5% compared with 2001…
Stage Stores Q2 Net Income Dips 12.5% on 3.5% Comp Store Decline
Stage Stores Inc. announced that net income for the second quarter ended Aug. 2, 2003 was $9.1 million, or $0.45 per diluted share, compared to $10.4 million, or $0.47 per diluted share, for Q2 2002. Total sales for the 13-week period increased 0.1% to $2
The Bon-Ton Posts Q2 Profit as Comps Inch Up
The Bon-Ton Stores, Inc. reported income of $858,000, or $0.06 per share, for the second quarter of fiscal 2003, compared to a net loss of $1.6 million, or $0.10 per share, for the second quarter of fiscal 2002. Total sales for the quarter decreased 0.5%
Dick’s SG Sees Q2 Net Incime Jump 32% on Small Comp Store Gain
Dick's Sporting Goods reported Q2 net income increased 32% to $15.5 million, or $0.62 per diluted share, compared to $11.7 million or $0.61 per diluted share, for the quarter ended August 3, 2002. Total sales for the quarter increased 14% to $353.5