The Women's National Basketball Association and Russell Corporation have reached a new multi-year marketing partnership beginning with the 2004 WNBA season. The partnership will focus on the Women's Division of Russell Corporation, which include
Category: Outdoor
Sport Supply Group to Voluntarily Delist Shares
Sport Supply Group, Inc. announced that it intends to voluntarily terminate the registration of its securities by filing a Form 15 with the Securities and Exchange Commission on March 5, 2004. SSG expects to realize significant cost savings as a result o
Puma Q4 Earnings Up 96% on 27% Sales Gain; Backlog Up 36%
Puma AG reported that Q4 consolidated sales increased by 27.1% to €227.7 million ($271.1 mm), or up 35.4% on a currency neutral basis. Apparel recorded a growth rate of 17.6% reaching €68.8 million ($81.9 mm), or up 26.4% currency adjusted. Footwear sales
Cerberus to Acquire Guilford Mills in $107mm Deal
Guilford Mills, Inc. has entered into a definitive agreement for an affiliate of Cerberus Capital Management an investment firm based in New York, to acquire Guilford Mills in a cash tender offer. The terms of the agreement provide that Cerberus will comm
Deckers Announces Stock Sale Plan
Deckers Outdoor Corporation announced that it intends to file a registration statement with the SEC for an underwritten offering of approximately 3.5 million shares of its common stock. The shares expected to be sold in the offering will include approxima
Deckers Q4 Net Income Jumps 81% on 39% Sales Increase
Deckers Outdoor Corporation net sales increased 39% to a record of $35.7 million for the 2003 fourth quarter versus $25.8 million in the same period last year. Net earnings for the quarter rose 81% to $2,464,000, compared to net earnings of $1,363,000 las
Back to Back LLC Gets Master License for Kappa
BASICNET S.p.A has executed a Master License Agreement with Back to Back, LLC of New York to distribute KAPPA and ROBE DI KAPPA trademark products in the U.S. The agreement will run for an initial period of 5 years with options to renew for two additiona
Don Ruttenberg to Plead Guilty in JFF Fraud Probe
Don-Allen Ruttenberg, former executive vice president of Just For Feet, Inc. (JFF), has been charged with conspiracy to commit securities fraud, wire fraud, and submitting false statements to the auditors of JFF. Ruttenberg has agreed to plead guilty to
Quiksilver Prevails in Kymsta Trademark Suit
Quiksilver, Inc. has prevailed in its Federal court case against Kymsta Corp. and their claims against Quiksilver and its Roxy trademark. Among other elements, the final judgment also directs Kymsta to refrain from producing any product that is “confusin
Trails.com Hires Rep Force
Trails.com has added five veteran outside sales representatives and groups to represent the company’s flagship retail product, Trail Finder™, to specialty retail stores nationwide. These sales reps allow Trails.com to better manage the growing interest in
Johnson Leaves Russell
Russell Corporation announced that Thomas Johnson has resigned his position as director of investor relations. Johnson will be joining Movie Gallery as senior vice president for investor relations…
Head Q4 Net Income Plunges 77% Despite 19% Sales Gain
Head N.V. reported that net revenues for the fourth quarter increased 19.2% to $161.8 million from $131.8 million in the year-ago period. Net income plunged 76.7% to $1.9 million from $8.4 million in Q4 2002. Net revenues for the year increased 11.3% to
K2 Sees the Model Come Together Quickly…
K2 Inc. has their model in full swing as economies of scale and production efficiencies take hold to help their acquisitions deliver profits sooner than most expected. CEO Dick Heckman feels that K2 “laid the foundation for future growth” in 2003 after c
Huffy Widens Loss; Makes Gen-X Cuts…
Huffy Corporation, on the other hand, is looking to its Service group as a profit center and will make the move this year to consolidate all brand operations under one Sporting Goods division, leaving the company with just two divisions. The company said
THC Rides Weaker Dollar to Strong ‘03…
The Hockey Company Holdings Inc. sees little potential impact to its equipment business in 2004 from a potential NHL work stoppage, but the apparel end of the apparel business would surely take a hit if the league and the players can’t agree on a new col
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