Cascade Designs, Ltd., announced that Annette Jansen has joined the company as European Regional Sales Manager. Jansen will take responsibility for specific regions within the European sales team and help support the rapidly growing sales of Therm-a-Rest,
Category: Footwear
Weyco Group Q4 Profits Up Slightly
Weyco Group Inc. reported slightly higher profits for the fourth quarter, despite flat retail sales and declining U.S. sales of the key Florsheim brand. Net income increased 1% to $7.8 million, or 66 cents per share, compared with $7.7 million, or 64 cen
Nike Inc. Divests Bauer Hockey in $200 mm Deal…
The deal that has been the talk of the hockey industry since late September finally occurred last week as Nike reported reaching a definitive agreement to sell its Bauer Hockey subsidiary to an investor group led by Kohlberg & Company and Canadian busines
Princeton Ski Shop Liquidates…
Princeton Ski Shop, which filed for bankruptcy last November, is liquidating. Going-out-of-business sales are starting Saturday, February 23, at its four superstores in the NY/NJ metropolitan area…
Billabong International Sees H1 Results Impacted by FX Rates…
Billabong International Limited saw currency exchange eat into its first half results as the U.S. dollar’s downturn caused its reported sales and EBITDA growth to be well below currency-neutral results. On a reported basis, net sales grew 8.4% to A$662.0
Play it Again Parent Sees Q4 Gains…
Winmark Corp., the parent of Play it Again Sports, reported Q4 sales rose 16.6% to $8 million from $6.9 million. Q4 earnings for the franchisor inched up 4.4% to $853,000, or 15 cents a share, from $817,000, or 14 cents, a year ago…
Diadora Sues Skechers Over Trademark…
Diadora America Inc. and Diadora SpA filed a lawsuit against Skechers USA Inc. for allegedly infringing on its trademark with the launch of Skechers's Luger-Strafe sneaker. According to court documents obtained by Sports Executive Weekly, the Itali
Bob’s Sees Return to Profitability in Q4 Ex Charges…
Excluding an impairment charge, Bob's Stores posted a $3 million operating profit for the fourth quarter versus a loss in the prior-year quarter. Sales advanced 6.7% to $96 million from $90 million. Comps climbed 10%. With the after-tax charge of $5
Currie Tech Acquired by PE Firm…
Currie Technologies, the manufacturer of electronic bicycles and scooters, has been acquired by Risk Equity Partners, a Burbank, CA-based investment group. Larry Pizzi, president of Currie Technologies, will continue to run the company, based in Chatswort
etnies Creates Brand Director Position
Etnies named Mike Regan to the newly created position of etnies brand director, and both promoted and added additional brand team members. Regan has been with etnies for more than three years, as director-international sales and has been instrumental in g
Shimano Snaps Up Pearl Izumi…
Pearl Izumi has a new buyer, and it seems to be a better fit this time around. Shimano Inc., the Japanese cycling and fishing gear maker, reached an agreement to buy Pearl Izumi for $69.5 million. Nautilus had put the cycling and running brand on the sell
MacGregor Golf Names Setola CEO
MacGregor Golf Co. named Michael J. Setola as its president and CEO, effective immediately. Setola was most recently president of Oxford Industries, where he was responsible for brands including Oxford, Lanier and Ben Sherman. Additionally, the company an
Heelys SVP Global Sales Resigns
Charles D. Beery plans to resign as Heelys, Inc.'s SVP – Global Sales. According to a filing with the SEC, his resignation will become effective on February 29…
Implus Footcare Launches Hosiery Division
Implus Footcare, LLC, has created a new Hosiery Division. The creation stems from the company’s rapid sales growth under their Sof Sole, Yaktrax and Apara brands. The Hosiery Division’s focus will be to build sock assortment across multiple Implus’ brands
Cabela’s Q4 Sales Rose Twice as Fast as Profits
Cabela's Incorporated said fourth-quarter net income rose 5.4%, or at less than half the rate that sales grew, on a 5.9% decline in same-store sales. Direct-to-consumer revenue increased 3.3% while financial services revenue decreased 1.7%. For the f
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