Kenneth Cole Productions, Inc. reported first quarter net revenues of $122.5 million and earnings per fully-diluted share of $0.04, both in line with its recent guidance. Consumer Direct revenues for the quarter were $38.5 million, an increase of 4.3%, re
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Deckers Acquires TSUBO
Deckers Outdoor Corporation announced that it has acquired 100% of the ownership interest of TSUBO, LLC. The purchase price is approximately $6 million in cash plus a potential future earn-out, subject to customary working capital adjustments. The company
Russell Partners with Pop Warner
Pop Warner Little Scholars, Inc., the world's largest non-profit youth football and cheerleading organization, and Russell announced an exclusive five year partnership agreement from 2008-2012. Russell also retains the option to extend the agreement
Performance Training: Will the Hype Pay Off?
Whether consumers or retailers are ready for it, the cross-training category is about to attempt a rebirth. The revival, which is now being heralded by major marketing campaigns touting Under Armour’s performance trainer introduction, as well as Nike’s SP
Under Armour Reduces Profit Outlook as High Inventories Cut into Margins…
Under Armour Inc. posted another solid quarter for sales growth, but a sharp increase in marketing expenses and tighter margins cut into profits as net income plunged more than 71% compared to the year-ago period. The company is still struggling with the
K-Swiss Sees Domestic Weakness Flow into International Business in Q1…
K-Swiss, Inc. continued to see a downturn in its domestic business but the first indications of a decline in the international business have now begun to show as well. First quarter results were said to be in line with company expectations, but revenues
Amer Sports Starts 2008 With Tough Quarter…
Amer Sports had another difficult quarter in Q1 as sales declined in the mid-singles due to weakness at Precor and Wilson and a slumping U.S. dollar hurt results for the Finland-based company. The company did however manage to shrink its quarterly loss by
Cabela’s Gets Q1 Lift from Improving Margins…
Store efficiency initiatives have begun to yield results at Cabela’s Inc., which said its operating income spiked 70% in the first quarter despite an 8.4% decline in same store sales. Net income rose more than twice as fast as revenues thanks to improved
Timberland Sees Q1 Upside from Expense Cuts; Revenues Still Weak…
The Timberland Company is hoping that steps taken during 2007 will set the foundation for future growth and healthier profit margins. The results for the 2008 first quarter reveals a weak top-line that did see some sequential improvement, but the bottom l
Big 5 Reduces Guidance – Again…
Big 5 Sporting Goods Corp. said that its first quarter results were in line with its lowered guidance, but it again reduced its guidance for the rest of the year due to ongoing weak sales. On a conference call, Barry Emerson, the company's CFO, said
Callaway Golf Sees Focus on Fairway Pay Off in First Quarter…
Callaway Golf started fiscal 2008 off with a strong quarter, but still tempered its outlook to the low end of previous guidance on worries surrounding the economy as a whole. Though sales were relatively flat for the company in the domestic market, growth
Nau Shutters Doors After Just 14 Months…
Nau, the ambitious Portland-based outdoor retailer, announced Friday it was closing just 14 months after launching. In a statement on its website, the sustainable apparel company blamed tight credit markets…
Under Armour Reduces Profit Outlook as High Inventories Cut into Margins…
Under Armour Inc. posted another solid quarter for sales growth, but a sharp increase in marketing expenses and tighter margins cut into profits as net income plunged more than 71% compared to the year-ago period. The company is still struggling with the
Dorel Gets Lift from Both IBD and Mass Channels in Q1…
Dorel Industries Inc. said revenue rose 54.9% to $136 million and gross profits and earnings from operations more than doubled at its Recreational/Leisure segment for the first quarter ended March 31. The growth came thanks to two months of results from t
Rocky Reaches Settlement in Case Against Former VP…
Rocky Brands, Inc. reached a settlement in its case against a former VP whom the company claims was attempting to copy some of its most popular shoes. The terms of the settlement involving Defendants Glen Bratcher, Westwood Footwear and Accessories LLC, a
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