Doug Kelly, who joined Russell Athletic as president about a year and half ago, is leaving the company to pursue other interests. No new president will be appointed. Kelly's duties will be divided among several Russell executives: Gary Barfield, Matt
Category: Footwear
Shirts and Skins Moves Headquarters
Shirts & Skins, Inc. (S&S), the producer of basketball uniforms, recently announced plans to move its corporate office/warehouse to Tualatin, Oregon, a suburb of Portland, in Mid-February of 2008. The new building will be approximately 15 miles from its c
Head to Delist from NYSE
Head N.V. said it plans to delist its ordinary shares from the New York Stock Exchange (NYSE) and stop reporting to the US Securities Exchange Commission. The company said, however, that it will continue to make English translations of its periodic and an
Outdoor Channel’s Losses Narrow on Lower Revenue
Outdoor Channel Holdings, Inc. said it narrowed its operating losses on less revenue in the fourth quarter as its ad sales rose while subscription fees declined. The company said advertising revenue rose 12.3 percent to $8.2 million for the fourth quarter
Hanesbrands to Submit to Social Compliance Audits
Hanesbrands Inc. has joined the Fair Labor Association and will undergo the FLA’s two-year implementation process for accreditation of the company’s global social compliance program. The FLA conducts unannounced independent external monitoring audits of a
PacSun Continues to Climb Back, Zumiez Posts First Comp Decline Since IPO…
Pacific Sunwear of California, Inc. saw a 7% increase in net sales for the fiscal month of February to $77.6 million from $72.5 million during the same period last year. At the PacSun concept, same-store sales increased 6% during the same period. Also res
West Marine Postpones Q4 Earnings Release
West Marine, Inc. delayed its fourth quarter earnings release so management could have more time to analyze current and historical expense accruals. The company said it would release its fourth quarter and fiscal year 2007 earnings and 2008 earnings guida
Famous Footwear Fourth Quarter Profits Fall…
Hurt by lower sales and a highly promotional climate, Famous Footwear's fourth quarter operating earnings fell 40% to $13.4 million from $22.5 million a year ago. On a conference call with analysts, Joe Wood, president, Brown Shoe Retail, noted that
Jarden Sees Savings at K2…
Jarden Corp. is on track to cut $29 million in costs in 2008 thanks largely to cost savings it has identified at K2. That cost cutting, moreover, may even bring assembly or manufacturing jobs back to Mexico or the United States. The company cut $12 millio
Heelys Posts Q4 Loss, Sales Tumble 86%…
Heelys Inc. swung to a fourth quarter loss on higher returns and markdowns, while sales tumbled 86% to $9.8 million from $71.1 million. The $5.5 million loss, or 20 cents a share, included $3 million to increase its reserve for marketing discretionary fun
Iceland’s First Billionaire Sets Sights on Amer Sports…
Helsinki-based Amer Sports is investigating restructuring its board after a London-based investment bank that acquired 20% of the company in late January began pushing for representation on the board. Novator Finland Oy notified Amer Sports March 3 that i
Aldila Sees Flat Q4 Sales…
Aldila, Inc. reported that 2007 fourth quarter sales were essentially flat at $17.7 million versus $17.9 million in Q4 2006. Sales of golf shafts were relatively flat and sales of composite materials were 13% higher. There were no sales of hockey products
OGIO Files Suit Against Callaway for Patent Infringement…
OGIO is taking Callaway to task over alleged patent infringement regarding its Woode Club Management system, which was issued patent number 6,877,694 B2 in April 2005. The company filed papers with the State of Utah's Federal District Court on Februa
Messe München Suspends ispo summer; Expands Nielsen Business Media Alliance…
Messe München GmbH last week suspended its ispo summer show until further notice, while broadening its alliance with Nielsen Business Media, the German company said Friday. The company said the changes, which follow defection of many outdoor vendors and
Gildan’s Activewear Gets Boost from Prewett Deal to Bolster Fiscal Q1 Revenues…
Gildan Activewear Inc. reported sales in its first quarter climbed 34.8% to $250.5 million from $185.8 million a year ago. The gain was due to an increase of 92.7%, or US$39.4 million, in sock sales due to the acquisition of V. I. Prewett & Son and new re
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