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

ITF Responds to Old Pros’ Demands…

Francesco Ricci Bitti, president of the International Tennis Federation, responded to a letter circulated at Wimbledon by John Barrett and John McEnroe. The original letter (SEW 0328) claimed that the new school of tennis was becoming “unbalanced and one

Coleman and Fleetwood in License Row…

One report after another came over the newswire concerning Coleman and Fleetwood’s folding R.V. trailer licensing deal. First, Coleman announced they would be terminating their licensing agreement with Fleetwood on May 12th 2003. Next, Fleetwood filed s

Columbia’s Taps Footwear for Q2 Gains…

Columbia Sportswear saw U.S. sales grow just 4.1% in the second quarter, but strength in the footwear category and surging International sales are indicators of an improving overall business that should see the company level out its business across the ca

Deckers Latest to See Consumer-Direct Opportunity…

Shares of the parent company to Teva, Simple and Ugg hit a new 52-week high on Thursday before settling down to close at $6.92 on Friday, up 2.5% for the week. The surge was in response to a pretty solid second quarter report that saw sales increase 8.8%