Phoenix Footwear Group, Inc. saw acquisitions give a major boost to its top line results, but the end of sales to Dillard’s put a major crimp on several of the company’s brands and was the main culprit in a 3.9% organic sales decrease for the quarter and
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Yue Yuen Fiscal First Quarter Sales Jump Over 17% on Strength in All Regions…
Yue Yuen fiscal first quarter sales increased 17.6% to $878.0 million and net profit increased by 16.0% to $85.9 million for the period. Due to the adoption of new Hong Kong Financial Reporting Standards, however, net profit was restated to $74.0 million
Adams Golf Q4 Sales Jump; Year Down Slightly…
Adams Golf, Inc. posted strong sales increases to finish out the year, but not strong enough to counteract a sales decrease that was carried through the first nine months of the year. Despite the slight sales increase for the year, the company managed to
Outdoor and SnowSports Sees Corner Office Shuffle…
The Outdoor and SnowSports industries saw some top-shelf talent moving around this week. The first news of the week to make headlines was Casey Sheahan’s official appointment as CEO and President of The Lost Arrow Corporation, parent of outdoor apparel co
Academy Snowboards is Big in Japan
Academy Snowboards has increased its sales penetration into Japan this season by more than 100%, according to Execute Sports, the brands parent company, with an initial order of 800 boards through First MMT Co. Ltd…
Timberland Sees $10 mm Hit from EU Duties
The Timberland Company believes that the provisional duties on leather upper footwear originating in China and Vietnam and imported into European Member states will cost the company approximately $10 million to its operating profits. These provisional dut
Paul Frank Suing Former Company
Paul Frank, whose full name is Paul Frank Sunich, is suing the company he helped create and which fired him in November. He claims both that he was terminated without reason and that he is being denied his proper share of the profits…
Wolverine Reaffirms Guidance in Light of EU Changes
Wolverine Worldwide, Inc. reaffirmed its previously announced 2006 estimates of revenue in the range of $1.11 billion to $1.13 billion and earnings per share in the range of $1.34 to $1.40 in light of the recently announced trade provisions regarding impo
Wilson Racquet Signs Federer to Lifetime Agreement
Solidifying a relationship that began at age 10, Roger Federer has signed a lifetime agreement with Wilson for rackets, string, tennis balls, and tennis accessories. Ranked #1 in the world, Federer has competed with Wilson rackets since day-one, signing h
Adams Golf Sees Net Sales Decrease Slightly for Year
Adams Golf, Inc. saw total net sales decrease to $56.4 million for the year ended December 31, 2005 from $56.8 million for the comparable period of 2004. The company reported net income of $3.2 million for the year ended December 31, 2005 compared to $3.1
SGMA: Sports Licensed Sales Near Record Highs in 2005
According to the SGMA, sales of sports licensed merchandise rode a wave of strength in 2005 that neared the sales seen during the boom of the mid-90's. Retail sales in the U.S. and Canada during 2005 in the sports licensed products category increased
Marriott Gold Appoints New Head Golf Pro
Marriott Golf promoted Charles Sheppard to Head Golf Professional at the Grande Pines Golf Club, in Orlando, Florida. In his new role, Sheppard will be responsible for overseeing all golf shop operations, retail merchandising, outings and tournament coord
New Bill in California to Help Skaters Skate
“The skaters have been speaking and I've been
listening.” With those opening comments, California Senator Bill Morrow (R-Carlsbad) announced his new legislation designed to provide more complete liability protection for local governments that build
Gander Moves into Florida and West Virginia
Gander Mountain Company signed leases for two new outdoor lifestyle specialty stores to open in the fall of 2006. One of the new stores will be located in Lake Mary, Florida, just north of Orlando, and the other will serve Charleston, West Virginia…
Finish Line Charges Stymie Q4 Profit Growth; Lowers Guidance
The Finish Line, Inc. saw net sales increase 10% to $399.2 million for the fourth quarter compared to $361.4 million during the same period last year. Comparable store net sales were flat for the quarter after an 8% increase last year. Net income for Q4 w
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