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
Author: James Hartford
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
Oxford Industries to Acquire Tommy Bahama Parent
Oxford Industries, Inc. has signed a definitive agreement to purchase all of the outstanding capital stock of Viewpoint International, Inc., owner of the Tommy Bahama(R) brand. The transaction is valued at up to $325 million consisting of $240 million in
U.S. Signs Apparel Quota Agreement with Vietnam
Retailers cheered and the textile sector groaned after the United States signed an apparel agreement with Vietnam giving a generous package of clothing quotas to the country that was the site of one of the U.S. military's most humiliating retreats
Acushnet to Close Plant; Announces Layoffs
Acushnet, the Fortune Brands subsidiary that makes Titleist and Pinnacle golf balls and other products, announced last week it will carry out two rounds of layoffs. The company also said it would close a factory in Acushnet, MA…
TaylorMade-adidas Golf Purchases KandM Golf
K&M Golf will relocate to TaylorMade headquarters in Carlsbad and Ma, formerly President of K&M, has joined TaylorMade as Manager of Tour Engineering and Finishing, Putters, and will work directly with Tom Olsavsky, Director of Rossa, and TaylorMade'
Von Maur Succeeding While Other Department Stores Fail
Von Maur stores rarely advertise, don't have sales and keep the aisles free of promotional clutter. On top of that, shoppers can pay for goods with an interest-free store credit card. The small, family-owned company could be considered the anti-dep
Industry Mourns Passing of Another Sales Pioneer
Donald B. Lynch, 82, a former Sporting Goods Agents Association board member and a 1989 SGAA Lifetime Sales Achievement recipient, passed away April 16, 2003 at his residence after a long illness. Lynch co-founded Lynch-Bird & Associates, covering the M
Nike Golf and Lamkin in Grip Licensing Deal
Nike Golf and Lamkin, Inc. have entered into a licensing program that will allow Lamkin to sell Nike Golf branded grips through its distribution channels in the U.S. and Japan. The arrangement is effective immediately and channel distribution is expected
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal