Ashworth, Inc. management feels it is making progress against key initiatives to move back to profitability next year, but efforts against some of those initiatives cut into the bottom line in fiscal fourth quarter ended October 31, resulting in a net los
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Golf Galaxy Improves Pro Forma Bottom Line…
Golf Galaxy’s slow start to the third quarter in September was overcome by “strong sales” in October and November, according to company CEO Randy Zanatta. While sales were strong, a highly promotional business environment this holiday season, coupled wit
Russell Corp to Miss Q4 Guidance; Cuts Expected to Pare Costs…
Russell Corporation shares fell more than 11% last week after the company announced that it does not expect to achieve its previous fiscal year 2005 sales and earnings guidance. Sales for 2005 are now expected to be between $1.425 billion and $1.445 billi
Cybex Appoints Hicks as COO
Cybex International, Inc. announced the appointment of Arthur W. Hicks, Jr., as its COO, beginning January 1, 2006. Mr. Hicks, 47, has served as Cybex’s CFO since 2002 pursuant to a Services Agreement with UM Holdings, Ltd. As of January 1, 2006 this arra
Ibex Names Director of E-Commerce and Strategic Marketing
Ibex Outdoor Clothing LLC announced the appointment of Reid Greenberg as director of E-Commerce and strategic marketing. Ibex plans to raise its profile by extending its sponsorships of teams and athletes and by increasing the company’s contact with the o
Billabong Acquires Nixon Inc.
Billabong International Limited announced that it has entered into an agreement to acquire Nixon Inc, a leader in the premium watch and accessories boardsports market.
Nixon is a California-based, closely-held corporation, founded by Andy Laats and Chad D
SIMA Presents Foam Blank Solutions at ASR, SurfExpo
SIMA's Board and Builders Special Interest Group will host a presentation and Q&A session to discuss recent developments and short and long term solutions in the current issue of foam blank production. The sessions will take place at both SurfExpo an
Finish Line Sees Q3 Net Drops 62% on 16% Sales Jump
The Finish Line, Inc. announced that net income for the third quarter ended November 26, 2005 was $845,000, a decrease of 62% versus net income of $2.2 million last year's third quarter. Diluted earnings per share were 2 cents, down from 4 cents last
Ashworth Signs On for Second Term as U.S. Open Lead Apparel Vendor
Ashworth, Inc. announced that it has signed a long-term contract with the United States Golf Association to serve as lead apparel vendor for the U.S. Open for the 2006 through 2009 seasons. This partnership represents an unprecedented second term agreemen
EMU Australia Appoints Nat’l Sales Manager and Director of Design
EMU Australia announced the appointment of Jerry Breig as the company’s new national sales and marketing manager and Dawn Caylor as director of design. Jerry spent nine of the last ten years leading sales efforts — first domestically and then internation
Prince Tennis Signs James Blake
Prince Tennis announced that James Blake, whose personal and professional comeback in 2005 gripped the tennis world, has joined Prince’s Touring Professional Team with a global, multi-faceted, seven-year deal. The partnership involves Blake’s collaboratio
Warnaco Acquires European Calvin Klein Business
The Warnaco Group, Inc. announced that it has agreed to acquire all of the shares of the companies that operate the licenses and related wholesale and retail businesses of Calvin Klein jeans and accessories in Europe and Asia as well as the CK Calvin Klei
Ashworth Adds Adler to Board
Ashworth, Inc. announced that the company's board of directors has appointed Detlef Adler to serve as director. Mr. Adler will stand for election at the company's Annual Meeting of Stockholders scheduled for March 2006. Mr. Adler, 47, is CEO of
Intrawest Completes Mammoth Sale
Intrawest Corporation announced that a group controlled by Starwood Capital Group Global, L.L.C. has completed the previously announced purchase of a majority interest in Mammoth Mountain Ski Area, based on an enterprise value of $365 million. The transac
Timberland Completes SmartWool Acquisition
The Timberland Company announced that it has completed its acquisition of SmartWool Corporation. The deal was originally announced on November 7, 2005, for a total purchase price of approximately $82 million. The SmartWool acquisition reflects continued p
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