adidas-Salomon reported that second quarter net sales grew 3.0% on a currency-neutral basis with a positive performance at all brands. However, reported Group sales actually decreased 8% from €1.5($1.7) billion in 2002 to €1.4 ($1.6) billion in 2003. Cur
Author: James Hartford
Hockey Company Looks to Skates in Q2 as Apparel Slips
The Hockey Company Holdings Inc. announced net sales for the three months ended June 30, 2003 were $52.3 million, an increase of $7.7 million or 17.4% over the same period of the prior year. Net income amounted to $4.4 million or $0.54 per share compared
Columbia Inks Equipment Licensee Deal
Columbia Sportswear Company has signed a license agreement with NorthPole LLC for the design, manufacture and marketing of camping tents, sleeping bags and innovative screened gazebos. The collection will debut in a select number of sporting goods stores
Amer Group Q2 Profits Narrow on Slower Racquet and Golf Businesses
Amer Group is reporting that net sales for the second quarter of 2003 decreased 4.2% to €251.8 ($286.3) million compared to €262.8 ($241.7) million in the year-ago period. Sales of golf equipment in particular were slower than expected. Foreign exchange
Forrester Research Sees Online Sales 10% of Total Retail by 2008
While offline retail sales continue to struggle, online retail will grow at a steady 19% year-over-year growth rate, from $95.7 billion in 2003 to $229.9 billion in 2008, according to a new report from Forrester Research, Inc. Most significant, Forrester
Acquisitions Push Escalade’s Q2 Sales Up 55%
Escalade, Incorporated net sales in the second quarter increased 55% to $49.8 million and for the first half increased 59% to $78.9 million when compared the the same periods last year. Sporting goods sales increased 13% to $26.4 million due mainly to the
ICON Granted Stay in Crossbow Ruling
ICON Health & Fitness announced that this morning, the Federal Circuit Court of Appeals in Washington, D.C. stayed the injunction issued by the U.S. District Court in Seattle. The injunction, which would have prevented ICON from using the mark “CrossBow
adidas Signs Garnett to Lifetime Deal
adidas has signed six-time NBA All-Star Kevin Garnett of the Minnesota Timberwolves to a lifetime endorsement deal. Along with the reigning two-time MVP, Tim Duncan, and the reigning NBA scoring champion, Tracy McGrady, Garnett gives adidas three of the f
Gart and Sports Authority Complete Merger
Gart Sports Company and The Sports Authority, Inc. have completed their merger of equals. In separate meetings held this morning in Denver, CO and Fort Lauderdale, FL, shareholders of both companies approved the previously announced transaction. The marke
Close-Outs Dominate the Action at WSA…
We just knew what kind of show WSA was going to be when the first people we ran into in the aisle was an executive team from one of the country’s largest family footwear chains and they had their CFO with them — and he brought his calculator with him…
Puma Still Rocking Along in Q2…
While the Puma booth at WSA wasn’t as packed as past shows, the folks at the trend-setting brand had plenty to be pleased about as the company posted yet another stellar quarter in Q2. In currency-neutral terms, consolidated group sales increased to 56.
MLB Names New Partners in New Long-Term Exclusive Licensing Deals
Major League Baseball has inked new five-year licensing agreements for the global rights to produce official Major League Baseball adult apparel and headwear. The combined value of the agreements guarantees Major League Baseball and the Clubs more than $5
Fleet Feet Names Brooks Top Footwear Vendor
Brooks Sports Inc. has been chosen as the Fleet Feet Footwear Vendor of the Year for the second year in a row. Brooks was previously named Fleet Feet Apparel Vendor of the Year in 1999, 2000 and 2001…
Dyer to Resign from Sears Consumer Direct Post
Dave Dyer, the chief executive officer who led a recovery at Lands' End before its subsequent sale to Sears last year, told employees Wednesday he would leave his current post as head of Sears' customer direct division on Aug. 8 to pursue other
Puma Q2 Earnings Jump 124% on 46% Sales Gain
Puma reported that second quarter consolidated sales increased 46.1% to €300.9 ($342.2) million. On a currency neutral basis, sales were up 56.8%. Apparel gained 63.4% and footwear grew 41.2% in the quarter. In the Americas, positive growth in the U.S.