Variflex reported an $800,000 net loss for the fiscal second quarter, an increase of 14.3% from a net loss of $700,000 in the year-ago period. Net sales for Q2 were $8.5 million, down 14.2% from net sales of $9.9 million for Q2 last year. Net loss per di
Author: SGB Media
Hibbett Looks to be More Important to Fewer Vendors…
Hibbett Sporting Goods expects to become more important to a number of vendors this year as they consolidate the business in the hardlines area to do more business with fewer brands…
The Footstar Store Liquidation Sales: Winners and Losers…
Now that the other shoe has dropped in the Footstar bankruptcy case with the company filing motions last week to close at least 165 stores, the conversation has turned from when FTS would file or who would buy it to speculation on who loses and who gains
Not So Fast There Mister Man…
Meanwhile, the proverbial fly in the ointment appeared in the Footstar bankruptcy case as GE Capital Corp., which holds the lease for “certain furniture, fixtures and equipment” with FTS. GECC filed a number of objections to the proposed bidding process
NSGA Cost of Doing Business Survey Calls Out Team Dealers…
The NSGA released the Team Dealers segment of their bi-annual ‘Cost of Doing Business Survey’ and according to the new data, average net profit inched up 80 basis points to 2.6% compared to 1.8% 2001. Team dealers showed positive results in return on tota
180s in Patent Fight over Ear Warmers…
180s is taking on Walgreen’s in a patent infringement case involving the company’s ear-warmers. Walgreen’s has allegedly been selling a product under the brand name ‘Ear Band’ that is identical to 180’s mainstay wrap-behind-the-head ear-warmer, which has
Sea to Summit and Black Diamond Sign Aussie Distribution Deal
Black Diamond Equipment has announced that effective July 1, 2004, Sea To Summit will become its official Australian distributor. Wishing to expand its presence to a greater number of selected Australian Retailers, this strategic business move will make a
SRAM Completes Avid Acquisition
SRAM Corporation is pleased to announce the acquisition of Avid LLC. The acquisition by SRAM marks a major milestone for both SRAM and the Avid brand. “We are excited about the prospects” stated Stan Day, President and CEO of SRAM Corporation…
Spyder Signs on as Austrian Ski Team Sponsor
Spyder Active Sports, a leading technical ski apparel brand, has signed an agreement to be an official supplier to the Austria Ski Team. Spyder will outfit the Alpine team on a long-term basis, including the 2006 Winter Olympics in Torin, Italy. The team
Pre-Trial Ruling In Patent Infringement Case Falls In Johnson Outdoors Favor
JOHNSON OUTDOORS announced a major pre-trial ruling in accordance with the Company’s position in its patent infringement case against Confluence Watersports, owned by American Capital Strategies (ACS). The ruling issued by the Federal District Court in P
Mossimo Sales Up, Income Down
Mossimo reported fourth quarter 2003 revenue increased 15%
to $3.0 million compared to $2.6 million for the same period last year. The Company reported fourth quarter 2003 net earnings of $693,000 compared to net earnings of $5.4 million for the same peri
Bell Canoe Stays Involved and Wins Vendor Award
Bell Canoe Works had a busy year in 2003 with community involvement, sponsorships, and awards. Meanwhile, the rapidly growing canoe and paddlesports accessory company continues construction on its new plant. Bell will move into its new home beginning in A
L.L. Bean Sets Record Revenue Level in Fiscal 2003
L.L.Bean reported net sales for the fiscal year ending February 29, 2004 increased 10% to $1.2 billion. The company also announced that its Board of Directors approved a cash award of 15% of annual pay to eligible employees, and cash gifts to recognize th
Vail Resorts Reports Record Q2
Vail Resorts announced financial results for Q2 of 2004. Mountain revenue was $201.4 million, a 6.9% increase from $188.4 million for the comparable period last year. Mountain expense increased $3.4 million, or 2.7%, to $126.9 million. Lodging revenue for
180’s Files Suit Against Walgreen’s
180s has filed suit in the United States District Court for the District of Maryland (Baltimore) against Walgreen Co., headquartered in Deerfield, IL, for infringement of a patent directed to the wrap-behind-the-head 180s Ear Warmer…
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