According to the just-released annual report from Berkshire Hathaway, pre-tax earnings in its apparel businesses declined 34% in 2008, primarily due to lower sales volume and costs incurred to consolidate certain operations of Russell and Vanity Fair Bran
Category: Footwear
Unifi Commences Tender Offer for Notes
Unifi, Inc. commenced a cash tender offer for up to $8,776,000 aggregate principal amount of its 11.5% Senior Secured Notes due 2014. Approximately $190 million in aggregate principal amount of the notes are currently outstanding…
Wolverine Hires New Members for Global Operations Group
Wolverine Worldwide has hired new employees for the Global Operations Group. Eric Goldner has joined the team as the Vice President, Procurement & Costing; Dan Spiegel joined the GOG team in Big Rapids on Jan. 19 as the Director of Operations in Big Rapid
Univ. of Michigan Severs Ties with Russell
The University of Michigan has ended its licensing agreement with Russell Corp. over what it said is the company's denials of workers' rights in Honduras, according to a report by the Associated Press…
Movement NA Hires Couperthwait as Consultant
Recreation Outfitters Inc. (ROI), the Vancouver BC-based distributor of Swiss-made Movement Skis, announced that snowsports industry veteran, George Couperthwait, will be joining Movement North America in a consulting role. His focus will be with the Mov
Garmin Q4 Revenue Falls 14%, FY08 Up 10%
Garmin Ltd. said total revenue for the fourth quarter ended Dec. 27, 2008 was $1.05 billion, down 14% from $1.22 billion in fourth quarter 2007. Total revenue for fiscal year 2008 was $3.49 billion, up 10% from $3.18 billion in 2007. The Outdoor/Fitness s
Skechers Posts Q4 Loss as Margins Shrink
Skechers USA Inc. said it posted a loss in the 2008 fourth quarter, a loss the company attributed to the weak retail environment. Lower margins for the period were the result of the company cutting inventories to match lower consumer demands. Net sales f
Element 21 Cuts Operating Loss
Element 21 Golf Company generated fiscal Q2 revenue of $430,651, an increase of 168% compared to revenue of $255,801 in the same period in fiscal 2007…
Sport-Haley Sees Fiscal Q2 Results Tumble Across Board
Sport-Haley, Inc. reported net sales of fashion apparel in its second quarter ended December 31 were $3.2 million, a decrease of 26%, from net fashion apparel sales of $4.4 million for the comparable three-month period in the prior fiscal year…
Karhu Sports and Karhu Holding Reach Settlement
Karhu Holding BV and Karhu Sports Oy reached an amicable settlement to their dispute over the Karhu trademarks. Under the agreement, Karhu Sports Oy will continue with the ski business worldwide…
Cabela’s Rides Upside from Firearms Sales Growth
Very strong results from firearms and hunting equipment, along with efforts to significantly improve inventory levels helped Cabela’s to sustain only modest declines in sales and gross profit for the fourth quarter of fiscal 2008. Amid a harrowing environ
Chick’s Headquarters to Close
According to local reports, the Covina, CA headquarters for Chick’s Sporting Goods will close as its new owner, Dick Sporting Goods, continues to absorb operations…
Gander Mountain Expects Q4 Earnings to Rise
Gander Mountain Co. said it expects consolidated sales for the fourth quarter of approximately $333 million, compared to $318 million in the year-ago period, a 4.9% increase. Net income is expected to reach approximately $20 million compared to net income
Report: JJB to Close 46 Lifestyle Stores
Reports out of the U.K. have KPMG, which was named administrator of JJB's lifestyle Original Shoe Company and Qube stores, closing 46 of the 77 door in operation. This move will in turn cause 438 positions to become unnecessary for the retailers. The
Pacific Sunwear Fires Back at Adrenalina
Directors at Pacific Sunwear called a planned board battle by Adrenalina a waste of time and money and said they back efforts by the retailer’s chief executive to turn around the business…
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