K2 continued its trend of double digit sales increases fueled by acquisitions and, with one exception, strong organic growth among its core brands…
Author: SGB Media
VF Corp. Builds on Outdoor Coalition Success in Q2; TNF Management Promoted…
The acquisitions of Nautica, Vans, Kipling, and Napapiji added $126 million to the top line for VF Corporation, but it was another exceptional quarter for The North Face that helped establish the company’s Outdoor Coalition as the darling of the corporati
Timberland Continues Building Solid Global Business in Q2…
Timberland said its second quarter results reflected solid global growth in footwear, apparel, and accessories and continued progress in enhancing gross margins. The company acknowledged a tougher climate for outdoor-related product in the U.S. sporting
Acushnet Golf Sales Up 9.7% in Q2…
The Acushnet Company golf business, which includes the Footjoy, Cobra, Titleist, and Pinnacle brands, saw second quarter sales increase 9.7% to $407.9 million from $371.8 million in the year-ago period. Parent company Fortune Brands said the increase tha
Columbia Makes Moves to Get Outerwear Business Back in Line…
Columbia Sportswear continued to log double-digit gains in both net income and sales in the second quarter despite continued declined in the company’s Outerwear business. COLM looks to right the Outwear ship as it moves its Sportswear chief over to bring
Gilburne Gets Probation in JFF Case…
Adam Gilburne, the former president of Just for Feet stores, was sentenced by Chief United States District Judge U.W. Clemon to 60 months probation and must pay a $1,000.00 fine and $389,000.00 in restitution. This sentencing follows his May 2004 guilty p
Reebok Shrugs Off Talk of Trouble in Licensed; Point to New Opportunities…
Despite warnings from retailers and downgrades from analysts, Reebok appears to be convinced that their Licensed Apparel business is going to be okay. Even with sales and backlog slowing for the category and the company, they have little choice but to ke
Former Hilfiger Exec Named CEO at Malden Mills
Michael Spillane has been named the President and Chief Executive Officer of Malden Mills Industries, Inc. Spillane, the former President for Children’s Apparel & Men’s Underwear and Loungewear at Tommy Hilfiger U.S.A, will begin work at Malden Mills imme
Unifi Inks Deal to Acquire Invista Assets
Unifi has agreed to acquire the INVISTA polyester filament manufacturing assets, including inventories, located in Kinston, N.C. Subject to a final inventory valuation, the purchase price will be approximately $21 million, which will be seller financed. T
Collegiate Pacific Completes Dixie Sporting Goods Acquisition
Collegiate Pacific has completed its acquisition of Dixie Sporting Goods of Richmond, Virginia. The purchase price was approximately $6 million, payable primarily in cash, and includes the potential for an earnout payment of up to an additional $1 million
VF Corp. Builds on Outdoor Coalition Success in Second Quarter…
The acquisitions of Nautica, Vans, Kipling, and Napapiji added $126 million to the top line for VF Corporation, but it was another exceptional quarter for The North Face that helped establish the company’s Outdoor Coalition as the darling of the corporati
Oakley Sees H2 Backlog Gains as Q2 Earnings Suffer…
After revising its second quarter sales and income guidance downward the previous week (BOSS_0429), Oakley reported last week that net income for the quarter fell 12.1% to $16.0 million, or 23 cents per diluted share, compared with $18.2 million, or 27 ce
Columbia Makes Moves to Get Outerwear Business Back in Line…
Columbia Sportswear continues to log double-digit gains in both net income and sales in the second quarter despite continued declined in the company’s Outerwear business. COLM looks to right the Outwear ship as it moves its Sportswear chief over to handl
The Accell Group Profits Jump 49% in Slow EU Market…
The Netherlands-based bicycle manufacturer, Accell Group reported that first half sales rose to €204.3 million ($251.2 mm), a 24% increase over the €165.3 million ($175.7 mm) reported in 2003…
Cloudveil Upgrades Logistics for Fall…
Cloudveil is getting ready for the fall season by inking two new strategic partnership deals and adding a new member to its sales force. The two new deals, one with Sojitz Corp. and the other with North Bay Distribution, are designed to improve infrastru
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