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
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
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
Phoenix Footwear Posts Q4 Organic Sales Decrease
Phoenix Footwear Group, Inc. reported net sales for the fourth quarter increased 60.2% to $33.2 million, compared to $20.7 million for the fourth quarter a year ago. The strong top-line performance during the quarter was driven by “robust” growth from the
Bernard Lacoste Passes Away
Bernard Lacoste, former president and honorary president of Lacoste S.A., passed away peacefully in Paris, on March 21, 2006, dut to a fatal brain hemorrhage following a serious illness which struck him in early 2005. This illness led him to transfer the
Cabela’s Plans Adairsville, GA Store
Pending a vote on legislation before a committee of the Georgia General Assembly, Cabela's plans to open an approximately 165,000 square-foot retail showroom that could be completed as early as fall 2007 in Adairsville, Georgia. The store would be Ca
Perry Ellis Posts Record Year; Swimwear Hurts Sales
Perry Ellis International, Inc. saw record revenues of $849.4 million for the fiscal year, up 29.4% over the $656.6 million reported for the comparable period a year ago. The company's fiscal 2006 revenue includes a 30% increase due primarily to the
Nike Sees Q3 Revenues Increase 9%; Net Jumps 19%
Nike, Inc. reported that third quarter revenues increased 9% to $3.6 billion from $3.3 billion for the same period last year. Currency exchange rate fluctuations reduced revenue growth by three percentage points. Net income grew 19% to $325.8 million from
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