Overall sales at chain stores were up 2.9% in dollars to $451.8 million for August 2003 through February 2004 as compared to $439.2 million for the same period last season. “This increase in sales can be attributed to healthy gains in apparel accessories
Author: SGB Media
OIA Receives Bi-Partisan Support For Conservation Trust
The OIA has announced that last month, Senators Olympia Snowe (R-ME) and Jon Corzine (D-NJ) drafted a letter to the Chairmen and Ranking Members of the Senate Appropriations Committee and the Subcommittee on Interior. The letter urged the Committee's
Spiegel Will ‘Rationalize’ Catalog Workforce
The Spiegel Group announced that, as part of its ongoing restructuring process, it is taking steps to rationalize its operations, making headcount reductions at its Spiegel Catalog division and its corporate support staff…
Phoenix Doubles Q1 Net Sales; over 10% Organic Growth
Phoenix Footwear Group announced consolidated results for the first quarter ended March 27, 2004. Net sales for the first quarter totaled $18.6 million versus $9.2 million for the first quarter of 2003, an increase of $9.4 million or 102%. Net sales for t
K2 Adds Two More Brands; Beats Q1 EPS Guidance
K2 Inc. reported record sales for the first quarter ended March 31, 2004, an increase of 76.6% to $277.4 million from $157.1 million in the 2003. Diluted earnings per share in the first quarter increased to $0.27, as compared to $0.01 in the year earlier
Sierra Club Elects ‘New’ Board
Sierra Club members turned out in unprecedented numbers
this year to elect five new members to the 112-year-old environmental organization's Board of Directors. A record 22.7 percent of the Club's membership returned 171,616 ballots, compared t
Foot Locker Benefits Big in Footaction Acquisition…
Aside from Footstar and Foot Locker and its investors, its tough to find many people that like the deal announced last week that would see the world’s-largest-athletic-specialty-retailer become even larger after acquiring 353 Footaction stores out of bank
Deckers Raises Guidance on Better Prospects for Year ‘Round Business…
The Teva brand had its had its best quarter in Deckers company history in Q1 and the company saw UGG sales transcend its usual back-half niche to post a 226% increase in sales for that brand. The expansion of the Teva brand beyond its traditional open-to
Peter Benjamin is New COO at GBMI
Global Brand Marketing, Inc. announced the appointment of Peter Benjamin to the role of Chief Operating Officer of GBMI. He will be responsible for overseeing all aspects of company operations at GBMI, from the moment an order arrives at GBMI until it is
SGMA Report Sees Fitness Participation Rise, Team Sports Lag in 2003…
The SGMA released their study on sports participation trends for 2003 which revealed what many vendors and manufacturers have already been witnessing in their sales numbers. The study takes a very detailed look at nearly every form of sport imaginable, an
Columbia’s War on Counterfeiting…
Columbia Sportswear is continuing its tactical assault on counterfeiters, and has recently conducted three simultaneous raids on Malaysian Factory Outlet Stores selling copies of its brands. The raids took place at three separate Factory Outlet Stores in
JJB Sports Feeling Pinch from Apparel Competition…
British retailer JJB Sports said it is “satisfied” with its business in its last fiscal year as it turned the corner on improving margins in the back half of the year. But heavy competition in the value clothing category that hurt sales in the last year
VF Acquires Italian Outdoor Firm; Moves to Establish EU Expansion Foothold…
VF Corporation has added another brand to its growing outdoor coalition, announcing a deal last week to acquire Green Sport Monte Bianco of Aosta, Italy. The company was acquired for an undisclosed amount, but was funded through cash reserves…
SG Trade Groups Rally Support in D.C…
Washington, DC is being bombarded with sporting goods industry executives, athletes, and lobbyists this spring, as one trade organization after another heads for The Hill. Led by the Outdoor Industry Association’s Capital Summit in April (BOSS_0415), D.C
Huffy Focuses Efforts; Net Loss Grows…
Even though Huffy reported that sales are in-line with its previously issued guidance, the company will post a larger-than-expected net loss for the first quarter of 2004. Huffy said this quarter’s net loss will be “significantly higher” than last year’s
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