GloTech Industries announced that it will sponsor the North American Cycle Courier Championships in Washington DC on August 1-3, 2003.
Author: SGB Media
The Walking Co. Starts Closing 29 Doors
Store closing sales have started at 29 Walking Company Stores. One store operating as Alan's Shoes in Tucson, Arizona is also closing. The United States Bankruptcy Court in California approved The Walking Company selection of Hilco Merchant Resourc
Russell Promotes Flowers to Human Resource SVP
The Board of Directors of Russell Corporation announced that Ed Flowers has been elected senior vice president of human resources. Flowers, who joined Russell earlier this month, will be responsible for the overall human resources function for the Corpor
Tender and Adventure Medical Kits Join Forces
Oakland based Adventure Medical Kits announced that after a two year strategic distribution partnership, Tender Corporation, has invested in the 14-year old manufacturer of outdoor medical kits, safety supplies and information…
Smart Wool’s Coe Adds President to Title
SmartWool Corporation announced the promotion of Chip Coe to President. Coe joined SmartWool in 2000 as the Chief Operating Officer. In his position as President, Coe will continue to oversee the strategic planning for SmartWool as well as the day-to-day
GSI Commerce Narrows Q2 Loss on 502% Sales Increase
GSI Commerce announced net revenue for second quarter was $50.3 million, compared with net revenue of $33.1 million in the second quarter of fiscal 2002, an increase of 52.3%. Net merchandise sales increased 83.9%, including a 43.3% increase in sporting
Be One Announces New German Strategy
After the separation from the German company Faggin, Dutch Accell Group Brand, Be One Bikes, will enter the German market direct…
Saucony Q2 Net Income Jumps 44% as Sales Slip
Saucony announced net income for the second quarter increased 44% to $2.2 million while net sales decreased 5.5% to $34.5 million. Domestic net sales decreased 7% to $27.2 million. The net income jump was primarily driven by a 500 basis points increase
Reebok Jumps on Dividend Trend; Will Declassify Board
Reebok International announced that its Board of Directors declared a semi-annual cash dividend in the amount of $0.15 per share to all common stockholders of record as of August 19, 2003. The dividend, which would equate to $0.30 per share on an annual b
Fila Names New VP of Apparel Sales
Fila USA CEO Tom O'Riordan has named industry veteran Greg Niel as Vice President of Apparel Sales. In his new role, Mr. Niel will assume responsibility for improving Fila USA's retail customer relationships and the brand's penetration in b
Brooks Sponsors Hanson Original Distance Project
Brooks Sports was awarded the exclusive footwear and apparel sponsorship by Kevin and Keith Hanson of the Hansons Original Distance Project. This venture is dedicated to reviving the United States as a powerhouse in long-distance running…
GSIC Issues Stock Against Warrants
GSI COMMERCE announced that it has issued 1.65 million shares of GSI Commerce common stock to Interactive Technology Holdings, LLC “ITH”, a joint venture company owned by Comcast Corporation and QVC, Inc. in exchange for warrants held by ITH to purchase 4
Skechers Is Up in All the Wrong Places…
Shares of Britney’s favorite brand plunged 21.4% to close at $6.74 on Friday after the fashion footwear company reported sharp declines in sales in the second quarter and a loss of over $2 million compared to profits of over $21 million in the year-ago p
The K2 Model Starts to Bear Fruit as the Company Leverages Production Assets…
The move to acquire and consolidate Rawlings has had its share of skeptics, and the appeal to retailers for an aggregated brand platform has been a question mark, but the folks at K2 Inc. appear to have assembled a nice formula and a strong team for futur
Rollerblade CEO Sees Upside in Tecnica Acquisition, Market Stabilization…
Tecnica would an obvious challenger to K2 Inc.’s mission to become the world’s largest sporting goods brand as they have proven their own ability to capture and consolidate brands that would now seem to give them a slot as one of the top three hardlines c