Burlington to Accept WL Ross Acquisition Offer

Burlington Industries, Inc. on Friday announced an agreement with WL Ross & Co. LLC by which Ross' $608 million acquisition proposal has been designated the highest and best of several bids received in connection with the sale process approved last M

Sportsman’s Guide Doubles Q2 Profits on 9% Sales Gain

The Sportsman's Guide, Inc. sales for the second quarter were $38.0 million, an increase over the $34.8 million reported for the same period one year ago. The Company reported net earnings of $646,000, and earnings of $0.12 per fully diluted share f

Luxottica Q2 Retail Comp Stores Sales Off 3.7%

Luxottica Group saw consolidated net sales for the second quarter decline 19.6%, or down 5.2% currency neutral, to €707.0 ($804.0) million verus the year-ago quarter. Consolidated net income for the quarter was €67.7 ($76.99) million and consolidated net

Ross Ups Burlington Bid in Sale Process

Burlington Industries, Inc. announced that the purchase price in its July 25th acquisition agreement with W.L. Ross & Co. LLC had been increased from $608 million to $620.08 million, both subject to various adjustments. The increase resulted from the sale

Wolverine to Acquire Sebago; Forms Outdoor Group

Wolverine World Wide has entered into a letter of intent to acquire the business and select net operating assets of Sebago, Inc. for cash. Additional terms were not disclosed. Sebago will be part of a newly formed outdoor group that will include both Me

Golfsmith Acquires Don Sherwood Golf

As part of its national expansion plan, multi-channel retailer Golfsmith International Inc. has announced the acquisition of San Francisco-based Don Sherwood Golf and Tennis World. The terms of the transaction were not disclosed…

Rocky Shoes Q2 Profits Surge 1000% on 14% Sales Gain

Rocky Shoes & Boots, Inc. reported net income was $1.1 million for the second quarter 2003 compared with $0.1 million for the same period last year. Net sales rose 13.9% to $21.9 million for the quarter ended June 30, 2003 from $19.2 million for the seco

Reebok Taking Share as U.S. Q2 Brand Sales Surge 14%

Reebok International Ltd. reported net sales for the second quarter increased 12%, or about 7% on a currency-neutral basis, to $803 million. Net income for the quarter was $26 million, or $.41 per diluted share, as compared to net income of $25 million

Cybex Swings to Q2 Profit on 17.2% Sales Gain

Cybex International, Inc. reported net sales for the quarter ended June 28, 2003 were $21.1 million versus $18.0 million for the comparable 2002 period. The net profit for the quarter ended June 28, 2003 was $183,000, or $0.02 per diluted share, compared

Phoenix Footwear Posts Q2 Loss as Sales Decline 10.6%

Phoenix Footwear Group, Inc. announced net sales for the second quarter ended June 28, 2003 decreased 10.6% to $7.6 million. The Company's financial results for Q2 resulted in a net loss of ($688,000) which included expenses totaling $1.3 million as