Russell Corporation is benefiting from K2 Inc.’s acquisition of Marmot Mountain last and will realize a gain of approximately 8.5 cents per share in the second quarter for their interest in Marmot. K2 told SEW last month (SEW_0425) that the deal included
Author: SGB Media
Stride Rite Licenses PRO-Keds Brand to Rocawear’s Damon Dash…
Stride Rite Corp. has entered into an exclusive licensing agreement with Hip-Hop Mogul Damon Dash, CEO of Rocawear clothing and Roc-a-fella records, for the distribution of men's, women's and children's footwear under the PRO-Keds brand. Th
Wolverine Works on New Merrell Structure to Energize Performance Products…
Wolverine World Wide saw a much more balanced growth trend in its brand portfolio in the second quarter, posting good increases across the board with the exception of Wolverine boot sales and CAT footwear. Total sales for the quarter increased 8.0% to $1
NRF Seems to be Hedging Bets After U.S. Commerce Dept. Retail Report for June…
The U.S. Commerce Department reported last week that retail sales in GAFS category, which includes most general merchandise categories, rose 5.9% over last year and were flat compared to May of this year. Total retail sales had jumped 7.6% versus last, d
Burton to Acquire Four Star Snowboard Brands…
Burton Snowboards has signed a letter of intent to acquire four snowboard brands from Four Star Distribution – Forum, Special Blend, Jeenyus and Foursquare. Once this acquisition is complete, slated for August, it will mark the first time that Burton will
Cybex Q2 Profits Jump; Secures New Debt Facility…
Cybex International saw net sales for the second quarter ended June 26, 2004 increase 13.7% to $24.0 million from $21.1 million in the year-ago period. Net income was up almost four-fold, delivering $833,000, or 8 cents per diluted share, in profit in the
Gildan Closes Plant after FLA Probe…
Gildan Activewear will close its El Progresso plant in Honduras this month and in the process lay-off around 1,800 workers. The company has been accused of labor violations at the plant, but insists that its closure is not related. According to a local
Atomic Prez Sheds More Light on SBU…
Shortly after publication last week, SEW’s sister publication, The B.O.S.S. Report, managed to catch up with Atomic president Jack Baltz, who shed some light on his decision to launch a Small Business Unit covering the Mid-Atlantic and New York territorie
Black’s Leisure Leverages Diversity…
British sporting goods and outdoor retailer Black’s Leisure Group reported that sales for the first 19 weeks of the company’s fiscal year increased 17.5%, partially due to the addition of eight new stores. Comparable store sales increased 4.2% during the
JJB Q2 Comps Down, But Improving…
The 2004 Euro football tournament has given JJB Sports, Britain’s largest sporting goods retailer, a much needed boost in sales, but comparable store sales were still down 1.3% for the first half. This is a huge improvement, however, compared to the first
Rebel Sports Reports Solid YTD…
New Zealand’s Rebel Sports is reporting that it’s 2003-04 fiscal year sales were up 10.3% to NZ$305.4 million ($192.0 million). Results included the recently acquired ‘Glue’ lifestyle stores. Comparable store sales for the chain, including Glue, increased
SEW Goes One-on-One with Tom Cove
Tom Cove was recently appointed EVP of SGMA International and will become SGMA’s President and CEO February 1, 2005. From 1991 to 2004, Mr. Cove served as VP of Government and International Affairs for SGMA.
Mr. Cove spearheaded the soccer industry’s
Phoenix Taps Becker to Run Altama
Phoenix Footwear has hired Glen Becker to be VP & GM of the Altama Footwear brand upon the completion of the Company's acquisition of Altama Delta Corporation. Mr.
Becker, 41, has 20 years of experience within the footwear industry, including managi
Edwin Watts Golf Opens Two Stores Through Gannaway Acquisition
Edwin Watts Golf will open two new stores in Birmingham, AL as the result of a recent acquisition of Gannaway Golf. The new stores will give the company three stores in Birmingham and seven throughout Alabama. The openings of the two new locations add to
Teko Inks Deal with TDA Advertising, JAM Media, and Insight Designs
Teko has announced that it has retained TDA Advertising to design its Corporate Identity/Graphics, Packaging, Dealer Workbook and P.O.P. and JAM Media to manage its public relations efforts. Insight Designs Web Solutions will design the Teko web site, wi
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