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
Author: SGB Media
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
U.S. Remains Strong for Lafuma…
Lafuma reported this week that fiscal third quarter sales declined year on year by 0.5% to €45.6 million ($65.3 mm) compared to last year when the company posted sales of €50.9 million ($55.6 mm). International sales decreased in the third quarter as well
The Deckers Trifecta: All Three Brands Show Strong Gains …
Deckers beat all analyst expectations in the second quarter of 2004, exceeding the upper end of previously issued guidance by roughly 17%, while diluted earnings per share were 26.5% above Deckers expectations…
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
K2 Inc. Sees Mix of Organic and Acquired Growth in Q2; Europe Comes Together…
K2 continued its trend of double digit sales increases fueled by acquisitions and, with one exception, strong organic growth among its core brands. This combination boosted second quarter net income by 28.8% to $6.2 million. Total sales at K2 increased 25
Oakley CEO to Purchase 2 Million OO Shares
Oakley chairman and CEO Jim Jannard has advised the company that he intends to purchase up to two million shares of Oakley common stock from time to time in the open market, subject to market conditions. Jannard said that he believes OO stock to be underv
Finish Line Issues Dividend, Announces Buyback and Moves to Indiana
The Finish Line Board of Directors has instituted a quarterly cash dividend program of $0.05 per share. The Board of Directors also authorized a new stock repurchase program to repurchase up to 2.5 million shares of Class A common stock, or approximately
Reebok Sees Softer Apparel Impact Q2 Sales
Reebok International net income for the second quarter ended June 30, 2004 was $22 million, or 35 cents per diluted share, as compared to net income of $26 million, or 41 cents per diluted share in the second quarter of 2003. Net sales for the 2004 second
West Marine Q2 Sales Climb 8.4%; Comps Up 4.6%
West Marine EPS was $1.17 per share for the second quarter of 2004, marking the first time since going public that the Company has achieved quarterly earnings exceeding $1.00 per share. Net income was $25.2 million in the Q2, compared to net income of $19
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