Kirk Richardson, a longtime Nike executive of 27 years and former GM of Nike Outdoor business group, has been named as president of Keen Footwear. Richardson replaces the current president, Jim Van Dine. Van Dine made the personal decision not to move w
Author: James Hartford
Skechers Nearly Triples Q4 EPS on Stronger Sales
Skechers USA, Inc. reported that net sales for the fourth quarter of 2005 increased 8.2% to $223.5 million as compared to $206.5 million in the fourth quarter of 2004. Net earnings for the fourth quarter of 2005 were $5.9 million, or 14 cents per diluted
Stride Rite Appoints Talbot’s CFO to Board
The Stride Rite Corporation announced that, following its 2006 annual meeting of shareholders, it will appoint Edward L. Larsen to the Company's Board of Directors. He will also serve as the Chairman of the Audit Committee and qualifies as the “audit
Stage Stores to Acquire BC Moore Chain
Stage Stores, Inc. has entered into a definitive agreement to acquire privately owned B.C. Moore & Sons, Inc. for approximately $37.0 million in cash. The transaction, which has been approved by the Boards of Directors of Stage and B.C. Moore, is expecte
LaCrosse Snags Portland Loan and Grant Package
LaCrosse Footwear, Inc. has entered into an agreement with the Portland Development Commission for a $750,000 loan and grant package to assist in bringing LaCrosse's Corporate Headquarters and the Danner Distribution Center to the City of Portland. P
Nautilus Realigns into Three Business Units; Names Unit Chiefs
Nautilus, Inc. has realigned its leadership structure, a move that includes the formation of three business units. NLS named Tim Hawkins president of the Fitness Equipment Business and Darryl Thomas as president of the International Equipment Business.
PGA TOUR Shops Recognized as the Industry’s Best
Golf Shop Magazine, formerly Golf World Business, a Golf Digest Publication, has once again recognized PGA TOUR Shops, operated by The Paradies Shops, among the 100 Best Golf Shops for 2006. Selecting golf shops that demonstrate “a commitment to being ext
PUMA Gets Another U.S. Boost in Q4; Ups Guidance
PUMA AG reported that consolidated sales increased 27.7% to €349 million ($415.2 mm) for the 2005 fourth quarter. Currency neutral sales were up by 22% for the period. In Euro terms, Footwear rose by 25.8% to €221 million ($262.9 mm), while Apparel incre
PUMA Acquires Canadian Brand Licensee
PUMA has acquired the licensee of the brand’s apparel, footwear and accessories in Canada. ATA Inc. has been distributing PUMA products since July 2000. The acquisition will be retroactive to January 1, 2006. Since licensing the brand in July 2000, ATA
Nautilus Q4 Net Income Plunges on Operational Issues
Nautilus, Inc. reported that net sales increased 6.9% to $181.3 million for the fourth quarter ended December 31, compared to $169.6 million for the corresponding period last year. Net income for the quarter plunged to $2.8 million, or 8 cents per diluted
Delta Apparel Q2 Gets Lift from Junkfood Deal
Delta Apparel, Inc. saw net sales increase 17.3% for its fiscal second quarter ended December 31, an increase that got a boost from the inclusion of revenue from Junkfood Clothing Company which was acquired in August 2005. Net sales were $57.7 million fo
Hibbett Fourth Quarter Comps Rise 2.5%
Hibbett Sporting Goods, Inc. reported that total net sales for the fourth quarter ended January 28 increased 12.8% to $120.8 million, a new company record, compared with net sales of $107.1 million for the year-ago period. Comparable store sales for the f
NSGA: Last Retail Census Shows 22.5% Growth in New England SG Store Sales
Overall sporting goods store sales in New England grew 22.5% from the 1997 Census versus total U.S. growth of 25%, accrding to a report issued by the National Sporting Goods Association. Sales for 2002 in New England reached $1.53 billion. Of that amount,
Mizuno USA Full Year Sales Up 16% on Strong Athletic Biz
Mizuno USA, Inc. posted another record setting year in sales revenue and profit, recording a 16% increase over previous year’s sales. A company release indicated Mizuno USA had more than doubled revenue since 1999, with 2005 representing the sixth consec
Champion Parent Sees Fiscal Q2 Net Rise Despite Sales Decline
Sara Lee Branded Apparel, which will be spun off from the parent company this summer under the Hanesbrands Inc. moniker, reported net sales of $1.18 billion for the fiscal second quarter ended December 31, down 5% compared to the same period last year. O
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