Asics Corporation, the parent company of Asics America, is reporting that Skechers USA Inc. has dropped its trade libel and unfair competition lawsuit against Asics. Based on court papers obtained by Sports Executive Weekly, the lawsuit, which was filed i
Category: Apparel
Skechers USA Suit Against Asics Corp. Dismissed
Asics Corporation, the parent company of Asics America, is reporting that Skechers USA Inc. has dropped its trade libel and unfair competition lawsuit against Asics. Based on court papers obtained by Footwear Business, the lawsuit, which was filed in lat
Escalade Sports Posts Sales and Earnings Gains in Q1
Escalade, Incorporated posted revenues in the first quarter of 2007 that were relatively unchanged in total from the same period last year. However, revenues in the Sporting Goods segment increased 3% in the first quarter compared to the same quarter last
Brine Names Brand Manager for Women’s LAX
Brine Corp named Jenny Riitano Levy as the brand manager for Women's Lacrosse and Field Hockey. In this role, Levy will oversee the brand development and marketing of both the women's lacrosse and field hockey lines. She reports directly to Br
Joe’s Officially Launches Revamped Website
Joe's, formerly G.I. Joe's, formerly unveiled its redesigned and reorganized webstore, www.joesports.com. The updated webstore, http://www.joessports.com/, was redesigned by Joe's e-commerce platform provider GSI Commerce, Inc. to reflect i
The Buckle March Comps Increase 10.7%
The Buckle, Inc. net sales for the fiscal month ended April 7, 2007 increased 12.7% to $49.4 million from net sales of $43.8 million for the prior year five-week fiscal month ended April 1, 2006. Comparable store net sales, for stores open at least one ye
Gottschalks Sees 6.4% Rise in Comps for March
Gottschalks Inc. reported a same store sales increase for the month of March 2007 of 6.4% compared to the prior year. Total sales for the month increased 5.3% to $58.9 million from $56.0 million in March 2006. On a year-to-date basis, same store sales inc
J.C. Penney Posts 10.6% March Comps Jump
J. C. Penney Company, Inc. total department store sales increased 13.3% for March, and include results from seven new stores the company opened the first week of the month. Comparable department store sales increased 10.6%, compared to initial guidance fo
Phoenix Footwear Appoints New VP of Sales
Phoenix Footwear Group, Inc. has appointed Michael Crosno as VP of sales of the company's Trotters and SoftWalk divisions, effective immediately. Most recently, Crosno spent seven years as National Sales Manager at Munro & Company, Inc.'s Ameri
Limited Brands Promotes Burgdoerfer to CFO
Limited Brands, Inc. has announced the promotion of Stuart Burgdoerfer, currently EVP, Finance, to Chief Financial Officer, effective immediately. He will also join the company's Executive Committee. Mr. Burgdoerfer served in several roles of increa
Cybex Rehearing Denied in Patent Case
Cybex International Inc. said a federal appeals court denied its motion for a rehearing in a patent dispute.Cybex said that it will not take any further action and will pay the previously reported judgment of $2.8 million, plus interest, within 30 days. T
PPR Acquires Stake in Puma in Lead Up to Proposed Buy Out
After rumors swirled in the market late last week, Puma confirmed that French luxury goods company Pinault-Printemps-Redoute (PPR) had acquired the stake of Mayfair “Beteiligungsfondsgesellschaft” in PUMA and that the company made a voluntary public take-
Coleman Parent Adds Pure Fishing to Outdoor Division
Jarden Corporation has acquired Pure Fishing, Inc., a provider of fishing tackle, lures, rods and reels marketed under brands including Abu Garcia, Berkley, Mitchell, Stren, Trilene and Gulp. Pure Fishing had 2006 revenue in excess of $250 million. Though
American Apparel/Endeavor Merger Moves Ahead
Endeavor Acquisition Corp. said it had been advised by American Apparel that the company will post at least $30 million pro-forma EBITDA for the fiscal year ending December 31, 2006. Under the terms of the merger agreement, American Apparel was required t
Puma Shares Rise On PPR Takeover Rumors
Shares of Puma stock rose almost 10% last Thursday on market talk that French luxury-goods retail group PPR is in advanced talks with the sportswear manufacturer’s largest shareholder to buy its 30% stake and then make a bid for the rest. A deal would val
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