Suzy Biszantz, President of Greg Norman Collection, announced the appointment of Tony Wilkinson to General Manager for the UK and Europe, responsible for the Greg Norman Collection and Reebok Golf…
Author: James Hartford
Rawlings Acquires ABC Helmet Company
Rawlings Sporting Goods Company Inc. has signed a definitive agreement to acquire certain assets of the ABC Helmet Company. The cash transaction is expected to close in the third quarter and is intended to help build on Rawlings' strength as the num
Foostar Delays 10-K Filing — Again
Footstar, Inc. said Wednesday that it would not file its Form 10-K for the fiscal year ended December 28, 2002 by April 30, 2003, as previously expected, because its financial statements continue to be under review by the company's external auditors,
Buy.com Launches Online Sports Store
Buy.com Inc. announced that it has significantly expanded its product offering by launching a Sports Store, giving customers access to 65,000 new products from top brand names in the sporting goods marketplace. The Sports Store will offer Wilson, Adidas,
Nautilus Q1 Net Income Down 43% on 4% Sales Dip
The Nautilus Group, Inc. reported net sales of $129.4 million for the first quarter ended March 31, 2003, compared to $135.9 million for the corresponding period last year. Net income for the quarter was $13.7 million compared to $24.0 million in the firs
Gander Mountain in Alliance with Arctic Cat
Arctic Cat Inc. has formed a new alliance with sporting goods retail giant, Gander Mountain. Gander Mountain's newly-opened Geneva, Ill., store will offer the full line of Arctic Cat ATVs, as well as genuine parts, garments and accessories…
GSI Commerce Posts $5.5 Million Loss on 5% Comp Increase
GSI Commerce reported net revenues for the first quarter fiscal 2003 were $48.9 million for the first quarter of fiscal 2003, which represents a 53.1% increase compared to net revenue of $31.9 million for the first quarter of fiscal 2002. Comparable store
Pacific Sunwear Agrees to Settle Employee Overtime Litigation
Pacific Sunwear of California Inc. has reached an agreement to settle all claims related to two lawsuits concerning overtime pay. The purported class actions allege that the company improperly classified certain California-based employees as “exempt” fro
Sportsman’s Guide Rides Web Sales to Higher Q1 Profits
The Sportsman's Guide, Inc. reported sales for the quarter ended March 31, 2003 increased 5% to $43.7 million and reported net earnings of $957,000, or $0.19 per fully diluted share for the quarter, a 22% increase when compared to the three months en
GBMI Opens European Subsidiary; Appoints New VP
Global Brand Marketing, Inc., owner of Pony International and Dry-shoD, and global footwear licensee for Diesel, XOXO, Nautica and Mecca, has established GBMI Italia S.r.l ., a new subsidiary for its European operations based near Venice, Italy. The new
Woolrich Promotes Kosmatka to Merchandising and Design Director
Woolrich, Inc. has promoted Paula Kosmatka to Director – Merchandising and Design. Kosmatka joined Woolrich in February 2000 as the men’s and women’s outerwear designer. In August of that year, Woolrich named Kosmatka to the position of design director.
Amer Carves Up Wilson; Baugh to Leave
Amer Group will re-organize its Wilson’s businesses in the United States, discontinuing all central administration functions. As a result, Jim Baugh will leave his position as the President of Wilson Sporting Goods Co. and Steve Millea will takeover resp
WHAM-O Acquires Riva Sports
WHAM-O, Inc., the leading manufacturer of innovative outdoor fun products for every season, today announced the acquisition of Riva Sports, Inc., a Rockville, Maryland-based maker of winter recreational products…
Amer Sports Divisions See Double-Digit Q1 Sales Drop
Amer Group’s consolidated net sales for the first quarter 2003 were €283.9 million ($306.6 million) versus €289.4 million in Q1 2002. The Group’s operating profit was flat at €15.3 million ($16.5 million). Geographically, sales were similar to 2002 in E
Value City Amends Q4 Earnings Overstatement
Value City Department Stores, Inc. announced Tuesday that, due to an administrative error, fourth quarter 2002 diluted earnings per share were overstated in a press release dated April 7, 2003 when the Company reported diluted earnings per share of $0.16