ForeFront Holdings, Inc.'s CEO Michael S. Hedge has resigned, effective June 25, 2007. Hege also has left his position as a member of the company’s Board of Directors.
Richard M. Gozia, the company’s chairman, has assumed the role of interim CEO with
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Timberland Sees Q1 Income Drop on Restructuring Costs
The Timberland Company recorded first-quarter net income of $9.3 million, down 64.5% from $26.1 million in the year-ago quarter. Diluted earnings per share were 15 cents, after 40 cents last year. Net revenue decreased 3.9% for the quarter to $336.3 milli
ProLink Names New CEO for Media Division
ProLink Solutions, a provider of Global Positioning Satellite golf-course management systems and on-course advertising, named Andy Batkin as CEO of its ProLink Media division. Batkin comes to ProLink from Innovative Media Solutions, LLC, where he was also
SIA Highlights Top Snow Sports States
According to SIA, more snow sports equipment sold in Texas than in 46 other states with $106 million in retail sales for the 2006/2007 season. California, Colorado, New York and New Jersey rounded out the top five states in total snow sports retail receip
Industry Vendors See Q1 Profit Growth Lag Sales…
With the last of the first quarter reports now filed with the SEC, Sports Executive Weekly presents a wrap-up of industry public company results. SEW’s review shows healthy sales for the industry when looking at the overall market with sales increasing in
Early Softgoods Declines Plague Rest of NBA Season…
Though the NBA season finished with strong sales results, weakness early in the 2006/2007 season resulted in weak overall growth at retail when compared to the ‘05/’06 season. Overall sales of NBA licensed product grew in the low-singles, according to re
Ashworth Sees Sales and EDC Issues Impact Q2…
Ashworth, Inc. had a tough fiscal second quarter as sales decreases were compounded by a margin hit from the company’s Embroidery and Distribution Center being under-utilized. The company saw growth in its Gekko division as well as in its Outlet Stores. T
Royal Robbins Finds A New Home with American Rec…
After two and a half years under the ownership of the Phoenix Footwear group, Royal Robbins has found a new home in Kellwood’s American Recreation division. Phoenix originally acquired Royal Robbins on October 31, 2003, for approximately $11.7 million and
VF Continues Acquisition Hunt; Reef Launches Apparel Line
At the Reuter’s consumer and retail conference in New York, VF Corp. Chairman and CEO Mackey McDonald said that the company is ready to pursue more acquisitions and focus on outdoor and sportswear brands that cater to the women’s market. Besides finding
Lululemon Prices IPO; Q1 Comps Up 20%…
Lululemon Athletica Inc. in an SEC filing registered to sell 18.2 million shares in its initial public offering at projected prices between $10 and $12. The number of shares to be sold and the pricing range were not included in a previous filing. The Vanc
Luxottica Acquires Oakley in $2.1 Billion Deal…
In the second of two multi-billion dollar deals to hit the sporting goods industry this week (the first being the Finish Line-Genesco acquisition at $1.5 billion), the Luxottica Group will acquire Oakley for roughly $2.1 billion, or $29.30 per share. This
SGMA: Congress Continues PEP Support…
The U.S. Department of Education has awarded $44.5 million for 146 new PEP grants to schools and community-based organizations in 39 states, according to the SGMA. The balance of the PEP grant funds – roughly $28.5 million – is being distributed to existi
OBITUARY: Bill Cramer
Charles William (Bill) Cramer, chairman of the board of Cramer Products, Inc., passed away June 4th at the age of 86. He served as president of Cramer from 1973 – 1976, and also served the company as vice president of international sales and executive vic
World Kayak Organization Looks to Double Whitewater Participation in Five Years…
The newly formed World kayak Organization, backed by Jackson Kayaks, is looking to double whitewater kayaking participation in the next five years. The organization is doing this by creating a community hub at WorldKayak.com that focuses on news, recreati
Lafuma to Bring Oxbow to U.S.; Sees Own U.S. Growth Strong…
Later this year, the Lafuma Group will be bringing the French surf brand Oxbow across the Atlantic to the U.S. market. Heading up the effort, Oxbow’s key sponsored athlete, Laird Hamilton will take a 12% stake in the U.S. subsidiary. The main office and d
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