May Company Reports 3.9% May Comp Sales Decline

The May Department Stores Company reported preliminary net sales of $1.01 billion for the four-week period ended May 31, 2003, a 2.0% decrease from $1.03 billion in the similar period last year. Store-for-store sales decreased 3.9%…

K2 Inc. Announces Placement of Convertible Senior Notes

K2 Inc. announced that the company has entered into an agreement, subject to customary conditions, to privately place $75 million principal amount of 5% convertible senior notes due June 2010. The senior, unsecured notes will be convertible into approxima

Grabber Names Marketing Coordinator

Grabber Performance Group announced the promotion of Steve Gingrich to Marketing Coordinator. Mr. Gingrich will be responsible for all aspects of marketing, advertising, sponsorship and promotions at GPG…

Zevo Golf Loses Out to Bigger Companies

Zevo Golf's clubs were known for their distance but the company's marketing came up short. Outgunned by bigger companies with much bigger advertising budgets, the Temecula, CA maker of golf clubs, drivers and accessories found itself in the

Phoenix Will Report Q2 Charge Due to Shareholder Suit

Phoenix Footwear Group, Inc. has received a decision from the Superior Court in Penobscot County, Maine regarding the dissenting stockholders suit associated with Phoenix Footwear's March 2000 acquisition of the Penobscot Shoe Company. The Court det

Pacific Trail to Run as Separate Operation

London Fog Industries will separate its three primary divisions–Pacific Trail, London Fog Trade and London Fog Factory Outlet Stores–into independently managed businesses. As FFI CEO, Bill Dragon will continue to direct and oversee all operations of th

Elder-Beerman May Comps Dip 0.3%

Comparable store sales for The Elder-Beerman Stores Corp. increased 1.5% for the four weeks ended May 31, 2003 compared to the four weeks ended June 1, 2002. Total store sales decreased by 0.3% to $42.6 million versus the same period last year…

New Balance to License Socks to Moretz

New Balance Athletic Shoe, Inc. has signed a license agreement with Moretz Sports for performance socks.
Effective January, 2004, Moretz Sports will manufacture, market and distribute New Balance performance socks in association with the New Balance sales

Tropical Sells the Duck Head Brand to Goody’s

Tropical Sportswear Int'l Corporation announced has sold the Duck Head trademark to Goody's Family Clothing, Inc. for $4 million in cash. The purchase agreement provides that TSI will be able to continue to sell existing Duck Head inventory for

Fitness Equipment, Bicycles Rated in Consumer Reports

Heart-rate monitors are a useful tool in tracking one's fitness performance. But how do you choose one? The most important feature to consider is accuracy. The June fitness issue of Consumer Reports has some recommendations, along with reviews of tre

Callaway Settles with ‘Big Easy’ Knockoff Sellers

Callaway Golf Company announced that Shirley Tsou and GolfCo in Brea, California, as well as Alex Mowry and National Golf Liquidators of Oceanside and Anaheim, California, have agreed to a permanent injunction prohibiting them from selling “Big Easy” golf

Gold Toe Manufacturing Temporarily Interrupted

Gold Toe Brands (formerly Great American Knitting Mills) on Monday reported that manufacturing of their socks in Mexico has been interrupted due to a fire at one of their suppliers. The company is confident that this interruption will have minimal impac