REI Posts 19% Net Income Gain on 9.5% sales Increase

For 2003, REI's operating income increased over 17% from $47.6 million to more than $56 million, with $19.1 million in net income – an increase of more than $3 million or 19% from the previous year. REI also had a 9.5% increase in total sales, from 2

2003 Sales Up 32% for Marin Bikes

Marin Bikes announced that its fourth quarter sales surged 32% in 2003. Additionally, January 2004 was the strongest January ever in the company¹s 18-year history.Much of the boost can be attributed to the tremendous expansion of Marin's Canadian bus

Phoenix Footwear May File Secondary Offering

Phoenix Footwear Group, Inc. announced that it may file a registration statement with the Securities and Exchange Commission by the end of the second quarter of 2004 for a proposed follow-on offering that the Company anticipates will include newly issued

Lowe Alpine Restructures International Operations

Lowe Alpine intends to relocate its head office, international sales and product design functions from the Kendal, UK site to a new purpose developed facility at the Group headquarters in Italy. The move represents a significant investment by the company

Head Q4 Net Income Plunges 77% Despite 19% Sales Gain

Head N.V. reported that net revenues for the fourth quarter increased 19.2% to $161.8 million from $131.8 million in the year-ago period. Net income plunged 76.7% to $1.9 million from $8.4 million in Q4 2002. Net revenues for the year increased 11.3% to $

K2 Sees the Model Come Together Quickly…

K2 Inc. has their model in full swing as economies of scale and production efficiencies take hold to help their acquisitions deliver profits sooner than most expected. CEO Dick Heckman feels that K2 “laid the foundation for future growth” in 2003 after c

Huffy Widens Loss; Makes Gen-X Cuts…

Huffy Corporation, on the other hand, is looking to its Service group as a profit center and will make the move this year to consolidate all brand operations under one Sporting Goods division, leaving the company with just two divisions. The company said

THC Rides Weaker Dollar to Strong ‘03…

The Hockey Company Holdings Inc. sees little potential impact to its equipment business in 2004 from a potential NHL work stoppage, but the apparel end of the apparel business would surely take a hit if the league and the players can’t agree on a new col

Reebok Gets into MLB Game…

After missing out on the Major League Baseball deal last August that netted exclusive apparel and headwear deals for seven companies, Reebok International took the next best approach and inked a multi-year deal with MLB to provide footwear for players and

Saucony Puts Focus Back on the Mall Business…

Saucony looks like it is solidly back on the road to recovery after posting its second straight year of positive sales growth. SCNY has certainly turned things around from a rough 2001 when the company posted a loss of $900,000 after sales fell 21% for t

Skechers on the Mend in ‘04… or Is It???

Based on comments by management at Skechers USA, the company is at the beginning at what could either be a false start or a very positive start to 2004 based on recent trends. Wall Street, like management, appears to want o believe the latter as SKX shar

GSI Shrinks 2003 Loss, SG Share…

GSI Commerce reported a breakout fourth quarter that helped narrow the company’s total loss for the year. Net revenues for Q4 increased 26% to $95.2 million compared to net revenues of $75.3 million for the Q4 2002. Net merchandise sales, which represe

Hat World Inks Asia Expansion Deal…

Hat World Corp., which was recently acquired by Genesco, Inc., and Mainland Headwear Holdings Ltd. have entered into an a 10-year license agreement to open and operate 200 to 300 stores in Hong Kong and China. Mainland is primarily a manufacturer and exp

Columbia and Oakley Clean Up Fakes…

Columbia Sportswear recently joined forces with southern Chinese authorities to raid Lianxing Garments Company, located in Zhongshan City, China. The raid is part of an aggressive campaign to stamp out counterfeiters and protect Columbia's unique br

adidas CEO Signals U.S. Upside in 2004…

Adidas-Salomon CEO Herbert Hainer was quoted in a Reuters report that the adidas is expecting flat sales in the U.S. in 2004, and may even be “slightly positive”. He said they expect to see “first signs of improvement” in the second half and that it will