The TJX Companies, Inc. reported July 2003 sales were $899 million, up 11% over $810 million achieved during the four-week period ended August 3, 2002. Consolidated comparable store sales for the four-week period increased 3% from last year…
Author: SGB Media
Phenix and Bogner Join Forces
Longtime industry associates Phenix skiwear and Bogner of America are teaming up to strengthen both companies. Phenix and Bogner recently signed a service agreement designed to help Phenix cut operational expenses and enhance Bogner’s bottom line…
Accell Group Completes Purchase of Tunturi
Accell Group N.V. announces that the company finalized the earlier announced acquisition of the Finnish Tunturi. The transaction involved the acquisition of all issued shares, and is financed out of Accell Group's own reserves. Accell Group has now g
Crank Brothers Improves Distribution Strategy
Crank Brothers announces some major changes to their global distribution. These changes are part of ongoing adjustments the Company is making to best serve the global Independant Bike Dealer network. General Manager, Andrew Herrick said, “This gives us th
Marmot Receives 2003 AMGA Award
Marmot Mountain Ltd. is the 2003 recipient of the American Mountain Guides Association's Industry Award. AMGA Executive Director Mike Alkaitis will present the award to Tom Fritz of Marmot at this year's Summer Market Outdoor Retailer Show…
Marmot Mountain Acquires Marker Apparel Licensee
Marmot Mountain, Ltd. announced the acquisition of Marker, Ltd. Terms of the acquisition were not disclosed. Marker, Ltd. is the international apparel licensee of the well-known binding manufacturer, Marker International, GmbH, of Zug, Switzerland and wa
Russell Beats the Street — Again…
Russell Corporation beat street earnings expectations for the seventh straight quarter last week, posting net income of $4.7 million, or 20 cents per share, compared to a loss of $6.1 million, or 19 cents per share in the year-ago quarter. Excluding char
K2 Gets the Checkbook Out — Again…
The latest deal to snag Worth Inc., which expands the K2 stable to 16 brands, is a strong complement to the April purchase of Rawlings. Worth should benefit quickly from K2’s manufacturing capabilities, while K2 benefits from Worth’s bat-making prowess..
K-Swiss Looking at $400mm For Year…
K-Swiss Inc. saw shares increase 5.4% for the week to close at $37.12 on Friday after the company posted second quarter net income that more than doubled from a year ago and beat the street’s consensus earnings estimate of 65 cents a share. KSWS also rai
Reebok to Issue Dividend; Board Will Declassify Over Next Three Years…
Reebok International Ltd. last week said it will declassify its board of directors, reacting to a non-binding resolution offered at its last annual meeting. The company said its board will be declassified over three years as each director’s three-year te
LaCrosse Benefits From Strategic Shift…
LaCrosse Footwear, Inc. was able to eke out a slight profit for the second quarter compared to a loss of $3.8 million fro the year-ago period. Consolidated net sales decreased 6.9% to $18.6 million from $20.0 million in the second quarter of 2002…
Burma Workers Want U.S. to Drop Ban…
After the Myanmar regime placed Nobel Laureate Aung San Suu Kyi under house arrest, the U.S. House of Representatives passed a bill to place sanctions on any imports from Myanmar, formerly known as Burma.
Cancels Hurt Saucony Q2 Sales Results…
Saucony relied on a 500 basis point improvement in gross margin to post a 44% improvement in net income and a 40% increase in diluted EPS in the second quarter. However, the improved bottom line masked issues on the top line as sales for the quarter decr
Big 5 Disappoints Street, But Rolls On…
Shares of Big 5 Sporting Goods fell 11.3% for the week to close at $13.70 on Friday after the retailer fell short of Wall Street expectations for the second quarter. Big 5 posted EPS of 28 cents a share for the second quarter, 2 cents lower than analysts
Fools Love The Sportsman Guide…
The Motley Fool, an Web-based investor site, is now calling The Sportsman's Guide a “lean, mean moneymaking machine” after the company posted its latest positive results for the second quarter ended June 30th, beating the street estimates by 2 cents
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