Giancarlo Zanatta, President of the Tecnica Group, has resigned his position as a member of the board of directors of Lotto Sport Italia in an effort to focus on re-launching the Nordica and Rollerblade brands world-wide…
Author: SGB Media
G-III Feels the Sting of Declining Sports Fashion Market…
G-III Apparel Group widens its net loss for the fiscal first quarter ended April 30, due primarily to continued softening in the company’s “fashion sports apparel” category and efforts to clear the slower goods that cut deeply into margins. The company s
American Recreation Parent Boosts Net Income 18.5% in Q1…
Kellwood, Inc. first quarter sales increased 2.1% to $686.1 million, compared to $672.3 million last year due to a combination of organic growth of $5 million, or approximately one percent, and the acquisition of Phat Fashions which provided an additional
Nike in Deal with Arena Football …
The Arena Football League has entered into a three-year marketing partnership with Nike, who will serve as the AFL’s Official Uniform, Sideline Headwear, and Sideline Apparel Supplier through 2007. As part of the deal Nike will develop an exclusive unifor
But Loses Hoosier Deal to adidas…
The Hoosiers have made the switch from Nike to adidas for the school’s entire athletic department. The decision marks the first time that adidas has been the licensed product vendor for all of IU’s sports. Nike had held a majority of the contract since 20
Sporting Goods Sales Pace Online Sales Growth in 2003…
According to The State of Retailing On-line 7.0, a Shop.org study conducted by Forrester Research of 150 retailers, 2003 on-line retail sales improved 51% to $114 billion, surpassing all industry expectations. Each on-line product category experienced str
Specialty Retailers Again Outpace Sporting Goods; Profit Gains Outpace Sales…
The industry’s Retail sector experienced much of the same sales and profit upside seen in the Vendor sector (SEW_0422), as earnings growth here more than doubled the pace of sales gains in the first quarter. Concerns about rising gas prices and consumer
Jack Moore Resigns from Kohl’s
Kohl's Corporation announced the resignation of Jack Moore, executive vice president/general merchandise manager of Home and Footwear effective today to accept a position as President and Chief Operating Officer at Linens 'n Things.
Foot Locker Converts All of its 5.5% Notes to Stock
Foot Locker announced that The Bank of New York, as Conversion Agent for the Company's $150 million outstanding 5.5% convertible subordinated notes, has received notice from 100% of the note holders of their election to convert their securities into
Specialty Companies See Profit Growth Double the Gains in First Quarter Sales …
Much of the issues that impacted the general sporting goods industry results in the first quarter – both positively and negatively – were also the key influencers for the Bicycle, Outdoor, and SnowSports specialty markets covered in The B.O.S.S. Report ea
ASTM Certifies New Textile Testing Method…
The American Society of Testing and Materials and Outlast have collaborated with Dr. Douglass Hittle, the Director of Solar Energy Applications at Colorado State University, to develop a textile test for phase change materials…
DuPont Builds Eco-Friendly Textile Plant…
DuPont has signed a joint venture agreement with Tate & Lyle PLC, a U.K.-based carbohydrate processing company, to develop and build a production facility for a bio-based nylon and polyester alternative. The joint venture will use a proprietary fermentati
Price Hikes Are Rolling Down the Bike Supply Chain…
Full Speed Ahead and its subsidiary VisionTech will be raising their wholesale 5% to 15% mainly due to rising costs of raw materials and the overheating Chinese economy. As previously reported in BOSS (BOSS_0413), shortages in steel and aluminum in China
Forzani Sees Continued Challenges in Canadian Sporting Goods Market…
Forzani started the year off on shaky ground on the sales front, thanks in large part to heavy price competition and a declining sporting goods market north of the border, but shook off the tougher market and posted a 38% increase in net income for the pe
K2 Inc: Why We Didn’t Buy It and What We Will and Won’t Acquire…
At the SunTrust Robinson Humphrey Conference in Atlanta, Dudley Mendenhall, K2 Inc.’s SVP Finance, outlined his company’s performance and future strategy for investors. Mendenhall said K2 now represents about $1 billion of the $50 billion U.S. wholesale
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