Adams Golf has received a Nasdaq staff determination that its securities will be delisted from The Nasdaq SmallCap Market at the opening of business on May 22, 2003 for failure to regain compliance with the minimum $1.00 closing bid price per share requir
Author: James Hartford
Sport Chalet Fiscal Year Net Income Shrinks 13.2% on 0.9% Dip in Comps
Sport Chalet, Inc. reported that sales for its fiscal year ended March 31, 2003 increased from $227.3 million last year to $238.0 million this year, a 4.7% increase. Same-store sales declined 0.9% for the year. Excluding winter-related merchandise, sale
Nordstrom Q1 Sales Up 3.5%; Records $27 Million Profit
Nordstrom, Inc. reported net earnings of $27.2 million, or $0.20 per diluted share, for the first quarter of 2003, which ended May 3, 2003 versus a net loss of $24.6 million, or $0.18 per diluted share for the year-ago period. Net sales for the quarter i
Nautilus Safety Footwear to Partner With Feetures! Sport Socks
Nautilus Safety Footwear has begun a joint venture with Feetures! Brand Sport Socks. Wayne Elsey, president and CEO of Nautilus Safety Footwear, said that his company planned a broad promotion to highlight the Feetures! sport socks and how they complement
Timberland Appoints New PR Agency
Porter Novelli has been appointed an agency of record by The Timberland Company effective immediately. Porter Novelli, one of the world's ten largest public relations firms, will manage public relations on behalf of Timberland footwear, apparel and
Foot Locker Files Its Delayed 2002 10-K with SEC
Foot Locker, Inc. filed its 2002 Form 10-K with the SEC on Monday. Foot Locker filed for an extension on May 2, 2003 with the SEC due to ongoing technical discussions between the company, its independent outside auditors and the SEC regarding the classif
The Finish Line Sees Shift in Apparel Managment
The Finish Line, Inc. announced that Nancy Hannibal, Vice President of Apparel, will be assuming the new position of Consultant for Apparel Strategic Planning. As a result, Glenn Lyon, Executive Vice President of Merchandising and Marketing, will assume
K2 Agrees to Sell Light Pole Business for $19 Million
In an effort to focus its business on core sporting goods products and markets, K2 Inc. will sell certain light pole assets to the Genlyte Thomas Group LLC…
SIA: Specialty Store Sales Rose 7.1% for Season
Overall sales for the entire winter sports market increased by 4.1% in dollars to $2.2 bn compared to $2.1 bn in 2002 for the season according to the SIA Retail Audit. Sales at specialty ski and snowboard shops through the end of the season were up 7.1%
SIA: Chain Store Sales Were Down 5.1% for 02/03 Season
Chain store sales were down 5.1% for the 2002/03 winter sports season (August through March) compared to the same period in 2002. In dollars, that translates to $487.6 million in sales compared to $513.7 million in 2002. The unit sales tracked 10.5% beh
Dutch Authorities Destroy Columbia Knock-Offs
Last November, Dutch Customs at the Port of Rotterdam seized 2900 imitation Columbia Sportswear jackets bearing the label “Solumbia” and featuring a simulation of the well-known “Columbia diamond” trademark. Through the Dutch legal process, all 2900 imit
Oakley in Partnership Agreement with Ducati
Oakley, Inc. announced that it had entered into a licensing agreement with Ducati Motor Holding S.p.A. for exclusive models of Oakley eyewear. Oakley will distribute the products through its own sunglass distribution points worldwide. These products will
Jack Smith Joins Florida Mall Advisory Board
The Design World Center at the Fashion Mall in Plantation, FL announced that Jack A. Smith, founder and former C.E.O. of The Sports Authority will join their advisory board…
Russell Completes Spalding Acquisition
Russell Corporation on Friday announced that it has completed the acquisition of the brands, inventory, contracts and related assets of the sporting goods business of Spalding Sports Worldwide, Inc., including the SPALDING brand name as well as DUDLEY, a
Everlast Nabs TSA Vendor Award for Logistics
Everlast Worldwide Inc. announced it received the 2002 Vendor of the Year Award for Logistics for Softlines from The Sports Authority…