Saucony, Inc. announced net sales for 2002 increased 1% to $133.2 million, compared to $132.3 million in the comparable period of 2001. Net income increased to $5.2 million, or $0.85 per share on a diluted basis, compared to a loss of $940,000, or $0.15
Author: James Hartford
West Marine 2002 Profits Jump 36% on 3.5% Sales Gain
West Marine, Inc. reported net income for the year ended December 28, 2002 of $18.9 million, an increase of 35.9% compared to net income of $13.9 million in 2001. Earnings per share for 2002 were $0.97, compared to earnings per share of $0.77 for 2001. Ne
K-Swiss 2002 Earnings Up 23% as Total Sales Jump 22%
K-Swiss Inc. announced net earnings for the year ended December 31, 2002 increased 23.1% to $28.7 million, or $1.46 per diluted share, compared with $23.3 million, or $1.14 per diluted share, for 2001. Total worldwide revenues for 2002 were $290.4 millio
X-Sports, Inc. to Acquire Amrex Sports, Inc.
X-Sports, Inc., a golf bag and golf accessory distributor, announced it’s decision to enter into an agreement to acquire Amrex Sports, Inc., a California-based OEM and ODM company…
Goldenberg Promoted to COO at X-Sports
X-Sports, Inc. announced that Eric M. Goldenberg has been elected Chief Operating Officer of the Company, effective immediately. Goldenberg previously was Vice President of Sales. He continues to report directly to Xavier Anguiano,
X-Sports’ President an
Physical Education Gets A Boost From Congress
Physical education gets the nod on Capitol Hill! Congress has finalized a 20% increase in funding for the Physical Education for Progress (PEP) program. This funding, part of the omnibus spending act, was expected to be approved this week…
Michael Jordan Still Nation’s Favorite Sports Star
Even though Michael Jordan has played his last NBA All Star game and is no longer one of the NBA's star performers, he is still, by a wide margin, the nation's favorite sports star. He is enormously popular both on and off the court. The next f
SIA: Hard Goods Sales Up 43.8% in Chain Stores
Chain store sales for snow sports equipment and apparel were up 2.2 percent for August through December compared to the same period of 2001. In dollars, that translates to $293.9 million in sales so far this year compared to
$287.6 million in 2001. The u
Tachikara Renews Longtime Partnership with the NAIA
Continuing a 24-year relationship, Tachikara USA, Inc., has extended its status as The Official Volleyball Supplier of the NAIA under terms of a new five-year agreement effective until December, 2007…
Burlington Industries Contender Tries Block on Buffett
The battle is on for control of Burlington Industries Inc., as a rival investor said Wednesday he has enough support to block Burlington's proposed sale to investment guru Warren Buffett…
Vail Resorts, Inc. Reveals SEC Probe
Vail Resorts, Inc. announced that the Securities and Exchange Commission (“SEC”) has informed the Company that the SEC has issued a formal order of investigation with respect to the Company…
Former TNF Execs Settle SEC Fraud Allegations
Securities and Exchange Commission regulators said three former executives of outdoor apparel manufacturer North Face Inc have agreed to settle charges of accounting fraud related to allegations they inflated financial results…
Timberland Promotes Steere to Run Outdoor Performance
Jay Steere has been promoted to the position of global category director, outdoor performance at The Timberland Company. He reports directly to Marc Schneider, senior vice president, global product management…
Yue Yuen To Invest $160 Million In Expansion Drive
Yue Yuen Industrial Holdings Ltd, the world's largest shoe firm, on Tuesday said it has set aside between $150 million and $160 million to increase production lines and boost its materials business…
Russell Corp Shows Dramatic Turnaround in 2002
Russell Corporation announced net sales for 2002 increased $3.4 million, or 0.3%, to $1.164 billion versus $1.161 billion in fiscal 2001. Excluding sales from businesses that were acquired or discontinued, 2002 net sales on an ongoing basis increased 2%