Upon finalization of the sale of the Nordica brand from Benetton to the Tecnica Group on February 1, 2003, Nordica will establish an independent subsidiary in the USA…
Author: James Hartford
Big 5 Backs Off Q4 Expectations
Big 5 Sporting Goods backed off earlier earning per share guidance and saw fourth quarter same-store sales soften. The largest-sports-retailer-on-the-west-coast now expects Q4 GAAP-calculated EPS in the to be $0.38 to $0.40 range versus the $0.42 to $0.4
Greg Frisby Loses CEO Position, Remains COB
Frisby Technologies, Inc. announced today that Greg Frisby, the company's founder, was removed from his position as Chief Executive Officer by a 3-2 vote of the Board of Directors. Mr. Frisby retained…
Phoenx Footwear 2002 Net Sales Rose 5.7%
Phoenix Footwear Group, Inc. announced that total net sales of its Trotters and SoftWalk brands for the year-ended December 31, 2002 were $36.2 million, an increase of 5.7% compared to the year-ended December 31, 2001…
Tarrant Apparel Completes Acquisition Of Twill Mill Facility
Tarrant Apparel Group announced that on December 31, 2002, the Company completed its previously announced purchase of a twill mill facility from Trans Textil International, S.A. de C.V (“Trans Textil”) and Inmobiliaria Cuadros, S.A. de C.V. (“Cuadros”)…
Court Upholds Pixl Golf’s Position in TaylorMade Lawsuit
For the second time since September, a Federal Judge denied Adidas' subsidiary TaylorMade's attempt to dismiss Pixl Golf's claims against TaylorMade…
West Marine to Acquire BoatU.S. Retail and Wholesale Operations
West Marine, Inc. announced that the Company will acquire BoatU.S. retail stores, catalog sales and wholesale operations for $72 million in cash and the assumption of certain liabilities…
Shamrock to License Riddell Name for Lacrosse
Riddell, Inc. announced that the company has signed an agreement with Shamrock Lacrosse to license Shamrock the Riddell trademark for use on a new line of lacrosse equipment…
The Athlete’s Foot Expands in Canada
The Athlete's Foot Marketing Associates, Inc., a subsidiary of The Athlete's Foot Group, Inc. has signed an agreement with Wayne Metcalf for franchise rights to open The Athlete's Foot stores throughout Calgary, Alberta in Canada…
Footstar SVP/Finance Resigns
Footstar, Inc. announced that Thomas Baumlin, Senior Vice President of Finance, has decided to leave the Company effective January 31, 2003, following a reorganization of Footstar's finance organization…
SIA Reports Chain Store SnowSports Sales Up 4.2%
SnowSports Industries America said chain stores sales were up by 4.2% for August through November compared to the same period of 2001. In dollars, that translates to $132.9 million in sales so far this year compared to $127.6 million in 2001. The unit sal
Retailers Hope Sales Will Pick Up in Second Half of the Year
Retailers are hoping for a robust economy to lift their business in 2003, but most suspect they'll have to wait awhile.
Even optimists among 12,500 top retail executives gathered in New York City this week for the annual c
The Sports Authority Lauded For Creativity
The message to the more than 12,500 retailers attending the National Retail Federation's annual convention: Focus on innovation, customer service and convenience if you want to succeed…
Boring Product, Lack of Innovation Cited for Retail Weakness
Numerous speakers at the NRF convention Monday blamed boring clothing styles and a lack of innovation as a reason for lackluster sales during the holidays. But, citing low interest rates and gains in consumer income, the National Retail Federation predic
Ward to Retain USOC Chief Executive Post
Lloyd Ward's position as chief executive of the U.S. Olympic Committee remained secure Monday after an ethics oversight committee found that he did not violate the USOC's code of ethics…
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