Cutter & Buck Inc. has appointed Tim Cronin as company President. Cronin joins Cutter & Buck from K2, where he held a number of high level leadership positions during his 14-year tenure. Cronin will succeed Kaia Akre, who will continue to serve in a cons
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
North American O’Neill Licensee Adds Rusty to Stable
R… & Everything Else, Inc., the company that owns and controls the Rusty brand worldwide, tapped the La Jolla Group, Inc. as the new licensee for Rusty apparel and accessories in North America. Based out of Irvine, California, the La Jolla Group, Inc. als
adidas Group Q2 Hurt by Mall Weakness in U.S…
The adidas Group saw a fairly healthy improvement in the brand adidas business in the second quarter offset by declines in the Reebok and TaylorMade-adidas Golf businesses. The growth at brand adidas, especially in Europe, was particularly important comi
Heelys Shares Plunge as Company Warns of Retail Inventory Issues…
For most public companies, a 140% increase in revenues and a tripling of quarterly profits would have been met with a standing ovation. But for Heelys, Inc., those results fell on deaf ears as the market instead focused on the future, which is looking in
NexCen to Open 100 TAF Stores…
NexCen Brands, Inc. signed a 20-year deal with TAF Mid-America Enterprises, Inc., a domestic and international franchisee of The Athlete's Foot for the last 17 years, to open a minimum of 100 additional TAF stores over the next 14 years. The minimum
Head NV Troubled by Weaker Q2 Racquet Biz…
During the quarter, overall revenues declined in the mid-singles, due to softness in Racquet sales. Though sales were up in the mid-singles in Winter Sports, the quarter was too small for the division to offset the declines in Racquet as Diving was relati
Perry Ellis to Beat Q2 Estimates…
Perry Ellis International announced that, based on preliminary estimates, it anticipates Q2 revenue will rise 14% to $195 million from $171 million. It also expects to beat the current mean estimate on First Call of a loss of 15 cents per share for the se
Sporting Goods Outpace General Market in July; Canvas, LFA Drive Footwear Sales…
July kept with the flow of the past couple months at retail as comparable store sales grew in the low-singles for the third month running, this time slightly ahead of the pace. Same store sales grew 2.6% for the month of July, based on a preliminary tally
Amer Sports Sees EMEA as Only Q2 Bright Spot…
Amer Sports relied on Electronics to pull through the second quarter, but softness in Winter Sports equipment as well in Golf and Team Sports more than offset those gains. Overall sales declined in the mid-singles, but the implementation of expense contr
Newer Stores Slow Comp Growth at Shoe Pavilion in Q2…
Shoe Pavilion, Inc. saw second quarter net sales increase 19.5% to $37.5 million from $31.4 million for the same period last year. Comparable store net sales for the second quarter decreased 1.0% after increasing 3.9% last year. Sales from new stores and
Hidary Group Back in Everlast Acquisition Game…
Everlast Worldwide Inc. posted strong second quarter sales results, but the ongoing struggle that has been its attempt at a sale show those fighting might have a pretty good reason. The most recent development in the process came early last week as the Hi
Warnaco Takes a Hit from Weaker Swimwear Business…
Warnaco Inc. reported that its Swimwear division posted an 11.8% decline in revenues for the second quarter, tallying $111.8 million in sales versus $126.7 million in the year-ago period. Speedo brand sales were down 9.7% to $70.3 million for the period
Jarden Closes on K2 Acquisition…
Jarden Corporation completed its acquisition of K2 Inc. The transaction is valued at approximately $1.2 billion, including the assumption or repayment of indebtedness. Under the terms of the agreement, K2 shareholders received 0.1118 of a share of Jarden
Golfsmith Swings to Q2 Profit Despite Comp Dip…
Golfsmith International Holdings, Inc. saw second quarter net revenues increase 9.6% to $125.0 million from $114.1 million for the second quarter of fiscal 2006. Sales through the company’s stores increased 14.1% to $96.8 million from $84.9 in the year-ag
Adams Golf Sees 18% Q2 Sales Increase
Adams Golf reported net sales of $30.4 million for the second quarter compared to $25.7 million a year ago, a gain of 18%. Sales in the U.S. increased 20.5% to $24.5 million from $20.4 million in the year-ago period. International sales could not match th
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