Coastcast Posts $2.7 mm Q1 Loss as Sales Plunge 51%

Coastcast Corporation reported sales for the first quarter ended March 31, 2003 were $10,731,000 as compared to $21,956,000 for the same period in 2002, net (loss) income was ($2,736,000) vs. $723,000, and diluted (loss) earnings per share were ($0.36) vs

Escalade Sports Renews Labor Union Contract

Escalade Sports, a wholly owned subsidiary of Escalade, Inc., announced its union employees have ratified a new three-year labor agreement at its Evansville manufacturing facility. The successful negotiation of this agreement ensures there will be no disr

Yue Yuen Buys Stake In Sportswear Maker

Sports shoe giant Yue Yuen Industrial (Holdings) Ltd on Friday announced it has bought a 73% stake in sportswear and casualwear maker Pro Kingtex Industrial Co Ltd. The deal is reportedly worth $3.8 million…

Retailers Welcome Debit Card Lawsuit Settlement

The National Retail Federation has welcomed the settlements reached with Visa and MasterCard this week in a federal antitrust lawsuit brought by U.S. merchants against the two companies regarding their debit card practices. The settlements came in a laws

Russell Q1 EPS Up 38% on 6% Sales Gain

Russell Corporation reported fiscal 2003 first quarter net sales of $228.0 million, a 6% increase over the comparable period last year. The company also reported earnings per diluted share of $.11, a 38% increase over the comparable period last year, whi

Big 5 Doubles Q1 Net Income as Comps Inch Up 0.6%

Big 5 Sporting Goods Corporation reported net sales for the fiscal 2003 first quarter that ended on March 30, 2003 increased by $7.4 million, or 4.7%, to $164.5 million from $157.1 million in the first quarter of 2002. Same store sales increased 0.6% ver

Wilson Golf and Racquet Sports Names Management Team

Wilson Sporting Goods Co. has further restructured management at its newly formed Golf & Racquet Sports division. Wilson parent Amer Group announced changes earlier in the week that saw the Golf & Racquet Sports division emerge as a separate operating un

adidas Q1 Hit by Weak Dollar; U.S. Backlog Heading Lower

adidas-Salomon reported sales for the first quarter ending March 31, 2003 increased 2% to €1.67 bn ($1.8 bn). On a currency-neutral basis, sales grew 12%. The Group's net income increased 19% to €51 million ($55 million) in 2003. adidas revenues inc

Ross Stores to Move Headquarters to Pleasanton, CA

Less was not more in this case for Ross Stores Inc., the discount retail chain whose slogan is “Dress For Less.” Having outgrown its long-time home in Newark, CA, the discount retailer said Tuesday that it plans to move its corporate headquarters into a

Genesco Warns on First Quarter Sales and Earnings

Genesco Inc. announced that it currently expects to report total sales in the range of $190 million to $192 million for the first quarter ending May 3, 2003, compared to $190.6 million for the same period last year. The company also stated that total sam

Antigua Completes Sale to Ashley NA

Antigua Enterprises Inc. has completed the $10.25 million sale to Ashley NA, LLC of Antigua's common and preferred shares representing a controlling interest in Antigua. Ashley is owned by Sports Soccer Limited, which owns the Sports Soccer and Lill

Saucony Doubles Q1 Profits on 12% Sales Gain

Saucony, Inc. announced net sales for the first quarter of 2003 increased 12.3% to $39.1 million compared to $34.8 million in the first quarter of 2002. Net income increased 100% to $2.6 million, or $0.42 per share on a diluted basis, compared to net inco

Aussie Apparel Adds Canadian Distributor

Aussie Apparel Group Ltd. announced that it has engaged NRI Distribution Inc. of Kamloops, British Columbia to handle the distribution of Aussie Apparel's Hot Tuna and Xisle brands in Canada. Aussie Apparel also announced that it has hired two new s