Mizuno Corp. reported net sales for the fiscal year ending March 31, 2008 increased 7.6% to ¥174.02 billion ($1.53 bn) from ¥161.70 billion ($1.38 bn) the year before. Operating income jumped 13.8% to ¥7.86 billion ($69.0 bn) from ¥6.90 billion ($59.1 bn)
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
K-Swiss Acquires Majority Stake in Palladium SAS
K•Swiss Inc. has signed a definitive agreement to purchase 57% of the equity interests of Palladium SAS from its stockholders for a total purchase price of approximately €5.3 million in cash ($8.3 mm), including a loan of €3.6 million ($5.6 mm). K•Swiss w
Rocket Dog Acquires European Distributor
Rocket Dog Brands LLC has acquired Passion Sports, Ltd. and Passion Sports International, Ltd., its European distributor. In conjunction with the transaction, Passion Sports founder and CEO Tony Greenfield was named Managing Director of Passion Sports.
ASICS Fiscal Year Sales Jump, But Net Slides
ASICS Corp. reported a 16.3% jump in net revenues for the fiscal year ending March 31, 2008 to ¥226.17 billion ($1.99 bn) from ¥167.52 billion ($1.67 bn) last year. Growth in footwear and equipment more than offset a modest decline in apparel sales. Net i
West Marine Plans Franchises in Turkey
West Marine, Inc. has partnered with East Marine Denizcilik & Turizm A.S. to open its first franchise store in Istanbul, Turkey. An ardent sailor and industrialist, Mr. Rahmi M. Koç is the Chairman and controlling shareholder of East Marine. The opening p
Famous Footwear Q1 Earnings Drop on 7.3% Comps Slide
Brown Shoe Company, Inc. saw first quarter net sales decrease 2.1% to $554.5 million from $566.3 million last year. Net earnings in the quarter dropped 25.3% to $7.2 million. Net sales at Famous Footwear decreased 2.0% to $318.8 million, compared to $325.
Twins Enterprise Becomes Headwear Supplier of the Jimmy Fund
For more than 60 years, the Jimmy Fund and Twins Enterprise have been favorite organizations of Boston Red Sox fans. Now the two are joining forces to help fight cancer. Twins Enterprise has become the Official Headwear Supplier of the Jimmy Fund, which s
RECALL: K2 Auto Snowboard Bindings
The CPSC and K2 Sports are recalling approximately 2,500 pairs of K2's “Auto” Series Snowboard Bindings, Model Year 2007. The cable that links the toe strap to the binding could break, posing a fall hazard to snowboarders. No injuries have been repor
Puma Names CEO for Hussein Chalayan
Giorgio Belloli has been appointed CEO of Puma's fashion subsidiary, Hussein Chalayan. In this newly created position, he will be responsible for securing short and long-term growth, profitability and desirability of the fashion brand Hussein Chalaya
Crocs Names VP, Merchandising
Crocs, Inc. has added Adam Baker to fill the newly created position of VP, merchandising. Baker’s expertise in the apparel and footwear industry includes more than 15 years of experience with Nike and Under Armour. Most recently, Baker served as VP of pro
Head Q1 Revenues Grow 7.5% on Easy Winter Sports Comp
Head N.V. reported that net revenues for the first quarter increased 7.5% to €61.6 million ($92.3 mm) from €57.3 million ($75.1 mm) last year. Winter Sports revenues for the three months ended March 31, 2008 increased 43.2%, to €15.4 million ($23.1 mm) fr
Gaiam Sees 11.5% Q1 Revenue Growth on Acquisitions
Gaiam, Inc. reported an 11.5% increase in first quarter revenues to $65.2 million from $58.5 million recorded in the same period last year. Revenue for Gaiam's direct to consumer segment increased 13.8% to $38.8 million. During the first quarter, Gai
Fox River Donates to BCRF
Fox River donated $4,100 to The Breast Cancer Research Foundation (BCRF). The company has been donating 5% of the profits on sales of its women's line since that products inception in 2000…
Mossy Oak Apparel Changes Name to Russell Outdoors
Mossy Oak Apparel Company will change its name to Russell Outdoors, the subsidiary of Fruit of the Loom reported. Fruit of the Loom, Inc. acquired Russell Corporation and its Mossy Oak Apparel Company business in August 2006. The Mossy Oak brand will cont
Oboz Moves to Bozeman
Oboz has relocated to a new headquarters in Bozeman, Montana. The larger offices are located in downtown Bozeman, one block off the town’s historic Main Street. Oboz is now in a building that dates from 1909, and which was once used by Schnee’s as a cobb
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