Next Inc. has announced that its significant stockholders (representing approximately 63% of total shares of common stock outstanding as of July 22, 2003) have entered into lock-up agreements with each other and the Company restricting their ability to se
Author: James Hartford
Coleman Reaffirms Termination of Fleetwood License
The Coleman Company, Inc. said that it stands by its announcement Monday that its licensing agreement with Fleetwood Enterprises, Inc. has been terminated, and disagrees with Fleetwood's position expressed in a company press release late Monday…
Kohl’s Snags CFO From Abercrombie and Fitch
Kohl's Department Stores announced that Wesley McDonald is joining the company as executive vice president and chief financial officer. McDonald comes to Kohl's from Abercrombie and Fitch, where he has served as chief financial officer since 20
Nordica Rep to Head Product Development
Nordica USA has named one of its current sales reps to head up the ski product development for the USA. In his new role as Ski Product Manager, Jon Rucker will be responsible for working with Nordica Spa and the dealers in the USA to dramatically grow the
Here Comes That Upstream Inventory Effect…
We speculated just a few weeks ago (SEW 0325) about the effect the apparent climb in Q1 retail inventories would have on results for the vendors as we moved into the calendar second quarter. After reviewing the first of the vendor Q2 reports released this
Carrefour Extends License Agreement with Cherokee
Cherokee Inc., a marketer, licensor and manager of a variety of brands it owns and represents announced that Carrefour S.A. has elected to extend its agreement for the Cherokee brand for an additional three years…
Finish Line Promotes Three; Geis to Head Apparel and Footwear
The Finish Line, Inc. has shifted some responsibilities for its footwear and apparel management teams. Jason Short and Mike Watson have each been promoted to Divisional Merchandise Manager of Footwear while Kathleen Kaplan has been promoted to the positio
Head Makes Director Promotions on Sales and Marketing Team
HEAD/Penn Racquet Sports has announced the promotions of Greg Mason to Director of Marketing and Pro/Specialty Sales and Phil Mintz to Director of Key Accounts/HEAD USA, both effective immediately…
Easton Renews Canadian License Deal with Mondor
Easton Sports announced that it has renewed its licensing agreement with Mondor Ltd., signing a multiyear extension with the Canadian hockey and baseball apparel manufacturer…
Obermeyer Taps Backbone Media for PR Effort
Obermeyer has retained Backbone Media to handle their public relations efforts. Located in Aspen, Obermeyer will partner with local Carbondale company Backbone Media to oversee media communications and promotions of its apparel, brand and rich company his
Timberland Sees Q2 Net Income Jump 18% on Strong International Effort
The Timberland Company reported revenue of $211.7 million for the second quarter, 10.5% higher than the $191.5 million reported for the second quarter of 2002. Constant dollar revenue growth, which excludes the impact of changes in foreign exchange rates,
West Marine Q2 Earnings Up 25% as Comps Slip 4.4%
West Marine, Inc. reported net income for the second quarter ended June 28, 2003 of $19.8 million, or $0.98 per share, compared to net income of $15.8 million, or $0.79 per share, a year ago. Net sales for the quarter were $233.0 million, up 22.6% from $
Sears Q2 Net Income Jumps 35% on Fairly Flat Revenues
Sears, Roebuck and Co. reported net income of $309 million, or $1.04 per share, for the second quarter ended June 28, 2003, compared with net income of $229 million, or $0.71 per share, in Q2 2002. Revenues for Q2 increased 0.9% to $7.8 bn. The revenue
Acushnet Helps Fuel Q2 Gains at Fortune Brands
Fortune Brands, Inc. reported net income for the second quarter of 2003 was $176.7 million, or $1.18 per diluted share, as compared to $196.9 million, or $1.27 per diluted share, in the year-ago quarter. Consolidated net sales were up 5% to $1.58 billion
Cybex Refinances Credit Facility
Cybex International, Inc. has successfully refinanced in full its prior credit facility. Cybex' new credit arrangements include a $19,000,000 working capital and term loan facility from CIT Group/Business Credit, Inc. and a $11,000,000 mortgage loan