Volcom, Inc. reported a 49% jump in third quarter revenues to $91 million from $61 million a year ago. Net income surged 42.2% to $14.5 million, 59 cents a share, from $10.2 million, or 42 cents. However, the surf company slashed fourth quarter expectatio
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Macy’s to Be Exclusive Hilfiger Sportswear Retailer
Macy’s, Inc. and Tommy Hilfiger U.S.A., Inc. have signed a strategic alliance agreement granting Macy’s status as the exclusive department store retailer of Tommy Hilfiger men’s and women’s sportswear in the United States, beginning in fall 2008. Tommy Hi
DSW Expects Mid-Singles Q3 Comps Decline; Lowers ’07 Guidance
DSW Inc. expects comparable store sales for the third quarter to decline in the mid-single-digits, based on the quarter-to-date. As a result, annual comparable store sales are now expected to range from flat to down 2% for fiscal 2007, below the company&#
Cybex Posts 9% Q3 Sales Growth, Tax Accounting Boosts Bottom Line
Cybex International, Inc. saw a 9% increase in third quarter net sales to $32.6 million from $29.9 million for the same period last year. The company attributed the sales increase to “strong sales” of cardio products and continued growth in the commercial
Graphite Design Names Promotions Manager
Graphite Design has appointed Erik Boysen as promotions manager. Boysen, most recently sales and marketing manager for Sonartec Golf, will oversee Graphite Design’s staff of professional tour representatives and work directly with original equipment manu
Escalade Q3 Sporting Goods Revenues Decline 9%
Escalade, Inc. posted a 4.6% increase in third quarter net income, though revenues declined 7.5%. Revenues from the Sporting Goods business segment declined 8.8% in the third quarter of 2007 to $47.4 million compared to $52.0 million for the same period l
RECALL: Collegiate Pacific Team Hydration Units
Collegiate Pacific is recalling approximately 800 Power Packs for Portable Team Hydration Units, because the charging the battery inside the unit’s power pack box can cause excessive gas buildup which can burst the lid of the power pack box off or rupture
Schutt Sports Appoints Erb as CEO
Schutt Sports has named Robert Erb as CEO. Julie Nimmons stepped back from her active role as CEO to become chairman of the board of directors in March with President Eric Ashleman taking over the day-to-day duties of running the company at that point. Er
Ashworth Names Fletcher as CEO
Ashworth, Inc. named Allan Fletcher CEO, effective immediately. In addition, the company appointed Greg Slack CFO. Peter Weil, former Ashworth CEO, has resigned to spend more time with his family on the East Coast. Weil will continue to provide consulting
Wolverine Makes Management Changes
Wolverine World Wide Inc. made several key promotions and organizational changes. Among the appointments, Stephen Gulis, Jr. will become president, Global Operations Group; Scott Sible, president of the Outdoor Group; Nicholas P. Ottenwess, SVP – operati
Unifi Q3 Sales Inch Up On Dillon Acquisition
Unifi, Inc. saw fiscal first quarter net sales from continuing operations nudge up to $170.5 million from $169.9 million a year ago. Results include the Dillon acquisition in January 2007. Including discontinue operations, the textile maker showed a defic
Reebok Names O’Toole as North America President
Reebok International has promoted Matt O’Toole to president of Reebok North America, the brand’s largest business unit. O’Toole, whose appointment becomes effective November 5, is currently the president and CEO of Reebok-CCM Hockey, a wholly-owned subsid
Deckers Q3 Sales Jump 57% on UGG Strength
Deckers Outdoor Corp. saw a 57.2% jump in third quarter sales to $129.4 million from $82.3 million last year. Diluted EPS increased 81.5% to $1.47 from 81 cents, as restated, and ahead of previous guidance of approximately $1.20. UGG sales increased 67.5%
Amer Names Paalanne as EVP
Pekka Paalanne has been named EVP of Amer Sports Corp. Paalanne will continue to be responsible for finance and treasury, communications and brand management, legal affairs, investor relations, competitor analysis and human resources. He has been an Amer
USA Basketball Looks at Possible HQ Move
USA Basketball is considering the relocation of its headquarters and national training facilities following the conclusion of the 2008 Summer Olympic Games. USA Basketball has issued a request for proposal (RFP) to solicit proposals from cities intereste
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