Credit Card giant, MasterCard International has threatened legal action against San Francisco based Streetwear manufacturer Dirtbag Clothing Incorporated. MasterCard International claim that one of Dirtbag Clothing’s tee shirt designs is infringing on it
Author: James Hartford
Thailand’s Largest Shoe Exporter Expects Double-Digit Growth
Despite limited growth in the global footwear industry in the first three months of this year, the Pan Group, Thailand's largest shoe exporter, is still confident of achieving double-digit revenue growth this year. The Pan Group, with 56 subsidia
Wolverine Sees Broader Brand Growth as Q1 Profits Rise 16%
Wolverine World Wide, Inc. saw first quarter 2003 revenue grow 8.0% to a record $191.5 million compared to the $177.3 million reported for the first quarter of 2002. EPS increased 20.0%, reaching a record $0.18 per share compared to the $0.15 per share r
Huffy Posts Q1 Loss as SGandA Increases Outpace Sales Gains
Huffy Corporation announced a loss for the first quarter of $1.4 million or $0.09 per common share, compared to earnings of $0.6 million or $0.06 per common share for the first quarter of 2002. Net sales for the quarter increased by 34% to $94.6 million
Oakley Q1 Net Income Falls 43% as U.S. Continue Slide
Oakley, Inc. reported first quarter net sales increased 1.5% to $111.2 million compared with $109.6 million in the first quarter of 2002. Net income for the first quarter totaled $3.2 million, or $0.05 per diluted share, compared with net income of $5.6
Unifi Makes Further Domestic Peronnel Cuts
Unifi Inc. has announced changes that will result in the elimination of 400 current domestic positions, bringing the number of positions eliminated through cost reduction initiatives since January 2003 to approximately 600, or 15% of the company's U.
The Sportsman’s Guide Offers Positive Q1 Outlook
The Sportsman's Guide, Inc. announced that the Company expects to report total sales of approximately $44 million and earnings per share of $0.18 to $0.19 for its first quarter ended March 31, 2003. This would compare to first quarter 2002 results o
Escalade Captures Sears Vendor Award
Escalade, Inc. announced that Sears Roebuck and Company has awarded the coveted PARTNERS IN PROGRESS award to Escalade Sports, a wholly owned subsidiary of Escalade Inc. Over the past 31 years, Escalade Sports has received the Sears Partners In Progress
Ski Companies to Force Retailer into Chapter 7
Fischer, Rossignol, Tecnica, Volkl and Marker USA have filed a petition to force a closed Clifton Park sporting goods retailer into Chapter 7 bankruptcy. The involuntary petition brought against Clifton Park Sports Inc. seeks more than $41,000 in payme
Kmart Woes with Competitors Will Outlive Bankruptcy
When Kmart Corp. emerges from federal bankruptcy protection as a smaller version of itself, the retailer acknowledged in court filings Monday it would continue to face major challenges in its competition against Wal-Mart Stores and Target Corp. Documen
Timberland Sees Q1 Profits Jump 39% on 20% Sales Gain
The Timberland Company reported record first quarter revenue of $271.0 million, 20.1% higher than the $225.7 million reported for the first quarter of 2002. Constant dollar revenue growth, which excludes the impact of changes in foreign exchange rates, g
Spiegel Gets Partial Relief From Permanent Injunction
The Spiegel Group announced that the court entered an Order on April 10, 2003, granting relief in response to the company's motion for clarification of the permanent injunction included in the SEC Judgment…
Footstar Sees Another Finance Exec Exit
Footstar, Inc. announced that Kathy Guinnessey, Vice President Finance and Treasurer, has decided to leave the Company effective April 18, 2003 to accept a position at another company. Ms. Guinnessey's responsibilities will be assumed by Stephen R.
Warnaco Taps Former Brooks Brothers CEO the Head Company
The Warnaco Group, Inc. announced that it has named Joe Gromek President and Chief Executive Officer, effective April 15, 2003. He will succeed Tony Alvarez, who has served as President and CEO since November 2001. Gromek, 56, was also elected to Warnaco
Winmark Corp. Q1 Net Income Up 4.3%; Sales Fall 14%
Play it Again Sports parent Winmark Corporation announced net income for the quarter ended March 29, 2003 of $1,122,200 compared to net income of $1,075,900 for the first quarter of 2002. Diluted earnings were $.18 per share compared to $.17 per share in
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