REI reported that operating income for full year 2003 increased over 17% to “more than” $56 million from $47.6 million in 2002. The co-op posted $19.1 million in net income – an increase of more than $3 million or around 19% from the previous year…
Author: SGB Media
Famous Footwear Banks on Athletic for 2004 Growth…
Famous Footwear president Joe Wood said growth in the women’s business in the fourth quarter was offset by the challenges in the Athletic Footwear business. Wood pointed to price compression across the industry that impacted prices “to the tune of about
FUBU Parent Goes Euro in Kappa Deal…
As the liquidation of the assets of the former Reda Sports company continues, Basicnet S.p.A, the Italian firm that owns the Kappa and Robe di Kappa trademarks has found a new partner in the U.S. to carry on the Kappa name as a licensee. While Reda posit
YY to Put $90mm into Apparel Moves…
Yue Yuen Industrial Holdings Ltd, which is the world’s largest maker of athletic footwear, will apparently put its money where its mouth is in regard to pushing deeper into apparel manufacturing as well. The company last week said it had set aside $80 mi
VF Outdoor Get New Chief; Lay Gets All Jeanswear Businesses…
VF Corporation shuffled the deck in the executive suite last week, moving around the deck chairs in efforts to match up their business units under umbrellas that make sense. The Outdoor Coalition, which includes the Eastpak, Jansport and The North Face b
Rebel Cashes In on Rugby World Cup
Rebel sport finished their first half on a positive note, posting an 8.1% sales increase from A$143.6 million ($78.1 mm) to A$155.2 million ($101.0 mm). The company was both helped and hurt from the rugby world cup taking place in Australia, as sales rela
Rocky Posts Record Year in 2003…
Rocky Shoes and Boots used its new apparel, extended footwear line, and the acquisition of Gates Gloves to post a 14.2% increase in sales for the fourth quarter of 2003, from $25.6 million in 2002 to $29.2 million this year. Net income increased 34.1% in
Exercise Equipment Pushes 2003 U.S. Exports into the Black…
According to a report compiled by SGMA International based on U.S. Commerce Department data, U.S. exports of Sporting Goods products actually inched up 0.9% last year to $1.84 billion from $1.82 billion in 2002. The export number had declined 7.2% in 200
Mugs Stump Alpine Climbing Award Winners Announced for 2004
Black Diamond Equipment announced the winners of the
Mugs Stump Award for 2004. Given annually to climbers attempting alpine climbing objectives that exemplify fast, light and clean tactics, the awards are a tribute to the late Mugs Stump, one of North Am
CW-X Brings in New Rep Force
The Wacoal Sports Science Corporation, makers
of CW-X Performance Conditioning Wear, have hired several new independent sales groups and sales representatives, expanding coverage to 46 states. The company now works with a total of 23 representatives fro
Read Worth Joins Amerex
Amerex Group announced that Read Worth has joined the organization as Vice President of Gerry Sportswear Group. Prior to joining Amerex Group, Worth served as President of Windsong Outdoor. As Vice President of Gerry, Worth will be responsible for growin
VF Announces New Roles For Leaders
Mackey J. McDonald, Chairman and Chief Executive Officer of VF Corporation announced new roles and responsibilities for several members of VF's management team, which are designed to spur and support future growth…
Accell Group Posts 12% Rise in Sales and 35% Profit Growth
Accell Group N.V. booked full-year 2003 net profit of € 9.2 million ($10.4 mm), a rise of 35% compared with 2002 net profit of € 6.8 million ($6.4 mm). Turnover rose 12% to €289.6 million ($327.8 mm)compared to 2002 turnover of €259.4 million ($245.4 mm)
InterBike Releases Survey Results
Interbike recently conducted a survey of its 2003 attending exhibitors and retailers to gain valuable feedback on the event. Conducted on behalf of Interbike by
International Cycle Works, Inc., the purpose of the survey was to gauge exhibitor and attende
Callaway Declares Dividend
Callaway Golf Company announced that the Finance Committee of the Board of Directors has approved a dividend with respect to the fourth quarter of 2003 of $.07 per share, payable April 2, 2004, to shareholders of record as of March 12, 2004.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal