Recently hired Patrick Vogt has resigned from GSI Commerce, the company said in an SEC filing. Vogt had been hired as executive vice president, general and specialty business on August 8, 2005. Vogt's departure came as a result of his desire to “pur
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Perry Ellis Q2 Sales Boosted By TSI Acquisition
Perry Ellis International, Inc. reported record total revenues for the second quarter ended July 31, 2005 of $190 million compared to $126 million during the second quarter ended July 31, 2004. This represents an increase of $63.6 million, or 50.3%, compa
OIA Questions US Forest Service
Outdoor Industry Association questioned the Bush Administration's sharp downward revision of recreation's role in the U.S. Forest Service's contribution to the U.S. economy. But OIA said the bottom line is that even the new, unrealistically
Delta has Tough Q4; Strong Year; Acquires Junkfood Clothing
Delta Apparel, Inc. reported net sales for the three months ended July 2, 2005, were down 9.1% to $66.3 million from $72.9 million last year. Net income for the quarter was $3.2 million, a 40.7% drop from $5.4 million in Q4 last year. For the fiscal year,
Sara Lee Apparel Names CFO
Sara Lee Branded Apparel Americas/Asia appointed E. Lee Wyatt Jr. to the position of chief financial officer. In assuming the CFO position, Wyatt will be responsible for many of the new roles that Sara Lee Branded Apparel Americas/Asia will be required to
Back-End Efficiencies Help Golfsmith to Strong Q2…
Golfsmith International, Inc. reported net revenues of $102.5 million for the quarter ended July 2, 2005, a 5.8% increase over $96.9 million for last year's quarter. Net income for the period increased 160.9% to $6.0 million from $2.3 million last ye
True Temper Double-Digit Sales Gain Doesn’t Translate to Bottom Line…
True Temper Sports, Inc. found itself with a 28.5% growth in net sales for the second quarter of 2005, but saw this gain offset by the effects of the company’s acquisition by TTS Holdings, Inc. causing a net income decline for the quarter. Net sales for t
Golf Town revenues rise 25%; EBITDA up 39% in the second quarter…
While the golf market in general seems to be barely a step above struggling, Canadian golf specialty retailer, Golf Town, reported double-digit revenue and EBITDA increases for the second quarter. EBITDA increased 39% to $12.1 million (US$9.7 million) ove
Crocs Footwear Files for IPO with Just $36 Million in YTD Revenues…
Since the passage of Sarbanes-Oxley, conventional wisdom holds that a company needs to produce annual revenues in excess of $200 million to offset the cost of being a public company. Since the burst of the Internet bubble in the late 90’s, it has been wi
Billabong Sees H2 Keep Momentum Alive in Posting Solid Fiscal Year Results…
Billabong International Limited followed a tremendous first half with a 19.2% rise in net profit after tax to AU$55.3 million (US$42.8 million) for the fiscal second half ended June 30, 2005. Sales revenue as reported in Australian dollars lifted 14.9% on
Equipment Innovation Turns Heads at OR…
While business is the excuse we use to travel to Salt Lake City twice a year, the highlight of the show season is always the chance to check out the greatest new gear. There certainly was an abundance of eye-opening innovation at this year’s summer market
prAna Brings Wind Power to Retailers…
PrAna is making strides toward working against climate change by making a 3,000,000 KW Hours commitment to renewable energy in the form of wind power. PrAna will launch its initiative this fall starting with 100 of its retailers, with the intention of bri
Recall: Torelli Tires
The U.S. Consumer Product Safety Commission and Torelli Imports have recalled about 1,100 Torelli Verona and Lugano Open Tubular bicycle tires with folding Kevlar beads. The tire can separate from the wheel, resulting in a flat tire. This can cause the ri
NPD: Back-To-School Flat With Last Year
According to a consumer-spending poll from The NPD Group, back-to-school spending is expected to remain about flat with last year, with 80% of consumers spending $500 or less per child. On average, consumers said they will spend $372 this year per child,
Kelty Juniper Named Best Back-To-School Pack
The Good Housekeeping Institute named the Kelty Juniper as the best back-to-school backpack for 2005. The Kelty Juniper features padded and curved shoulder straps as well as an easy-grab carry handle. It weighs just 1 lb., 2 oz., and carries up to 1400 cu