Costco Wholesale Corporation announced net sales for the third quarter of fiscal 2003 increased 11% to $9.34 billion from $8.44 billion during the third quarter of fiscal 2002. On a comparable warehouse basis, net sales increased 6%. Net income for the t
Author: James Hartford
Russell Sells Off Southern Athletic Brand to LandL Group
Russell Corporation has sold the SOUTHERN ATHLETIC trademark and related assets The L&L Group, which has licensed the brand since May 2002. The L&L Group, privately held and formed in 1948, owns Foremost Athletic, L&L Concession Co, Reach Athletic, and U
Sporting Goods Sales Reach $45.8 Billion in 2002; NSGA Expects 2% Growth in 2003
Retail sales of sporting goods, which reached $45.8
billion in 2002, are expected to grow 2% in 2003, according to the National Sporting Goods Association (NSGA). For 2003, sales of athletic and sports equipment, shoes and clothing are forecast to reach $
Varsity Brands, Inc. Files Preliminary Merger Proxy Statement
Varsity Brands, Inc. announced that it had filed on Wednesday its preliminary merger proxy statement and schedule 13E-3 transaction statement with the Securities and Exchange Commission in connection with the previously announced acquisition of the compan
GBMI Names John Lewis Vice President of Marketing
Global Brand Marketing, Inc., owner of Pony International and Dry-shoD, and global footwear licensee for Diesel, XOXO, Nautica and Mecca, has named John Lewis as Vice President of Marketing for GBMI. Mr. Lewis will be responsible for overseeing all aspect
Golfsmith Acquires Assets of Zevo Golf
Golfsmith International Inc. announced Wednesday that it has acquired the assets of Temecula, Calif.-based Zevo Golf. The acquisition supports Golfsmith's strategy of delivering proprietary, mid-market golf clubs, accessories and apparel to consumer
New President Named of TJX Canadian Division
The TJX Companies, Inc. has announced that David Margolis will retire from active management of its Canadian division, Winners, effective June 27, 2003. Michael MacMillan, Winners' Executive Vice President, Merchandising and Planning, will assume th
West Marine May Comp Store Sales Dip 1.5%
West Marine, Inc. reported that net sales for the four weeks ended May 24, 2003 were $74.5 million, a 27.0% increase from net sales of $58.7 million for the same period a year ago. Comparable store net sales decreased 1.5%…
GolfGear Q1 Loss Widens as Sales Increase 44%
GolfGear International Inc. reported net sales of $545,245 for the first quarter of 2003, a 44.3% increase over the $377,780 recorded for the same quarter last year. the company had a net loss applicable to common shareholders of $502,601 for the quarter
Airwalk Parent Shuts Down Sales Org; Will License Brands
TARE7, parent company to the airwalk® (including genetic® airwalk skateboarding) and andy mac™ skate brands, and licensee for the ALPHANUMERIC™ footwear and ripzone® outerwear brands, announced that the company plans to pursue strategic licensing partners
Airwalk Pulls the Plug on Sales Groups, Will License Brand…
The licensee becomes the licensor as the downturn in skate claimed its first major victim on Friday.
Tare7, the parent company to the airwalk and and andy mac skate brands, made the strategic decision to license its brands to either another manufact
Aussie Apparel Group Has Stock Symbol Change
Aussie Apparel Group Ltd. announced Tuesday that NASDAQ changed its new symbol from AAPR to “AASI.” The change was due to an inadvertent error at NASDAQ whereby the AAPR symbol just issued to the company apparently conflicts with the symbol of a NYSE comp
Aussie Apparel Announces 5 for 1 Forward Stock Split
Aussie Apparel, Inc. announced that its board of directors has approved a five-for-one forward stock split of the company's common stock. The forward split will be effective on Tuesday, May 27th, 2003 to the holders of record of Aussie Apparel'
Variflex Fiscal Q3 Profits Jump 145% as Sales Climb 56%
Variflex, Inc. reported net sales of $21.3 million for the fiscal third quarter ended April 30, 2003 compared to $13.7 million for Q3 2002, an increase of 56%. VFLX also reported net income for the quarter of $1,338,000 or $0.29 per diluted share, compare
Warren Sapp Takes Game to Team Jordan
Jordan, a division of Nike, Inc., announced the addition of six-time Pro Bowl defensive tackle Warren Sapp to Team Jordan, the elite group of professional athletes hand-picked by Michael Jordan to represent the Jordan brand of footwear and apparel…