You can use your name, but just don’t let anyone see it and don’t tell anybody about it. That appears to be the bottom line in a trademark infringement case between Quicksilver and Kymsta in their dispute over the use of the Roxy and Roxywear brand names
Category: Outdoor
Puma AG Keeps the Momentum Going; Margins Jump 500+ Basis Points…
Puma AG said they are two years into their “Phase III” growth plan and believe they can exceed market growth for the balance of the Phase III period that runs through 2006. They see gross margins that continue to run in the 48% to 50% range, SG&A in the
Head NV Sees Nice Winter Sports Gains in Q4; U.S. Dollar Leads to Upbeat Report…
Head NV saw growth across most divisions in Q4, with only Diving showing a decline, but net income took a plunge for the quarter and the net loss for the year widened almost six fold. Head again benefited greatly from its reporting format in U.S. dollars,
Deckers Diversifies Brand Portfolio as Ugg Gains Strength…
Deckers Outdoor Corporation is going to sell about 1.5 million additional DECK shares into the market on top of roughly two million shares that will be sold by company management and board members, including chairman and CEO Doug Otto. The proceeds from
REI 2003 Net Up 17%; Sales Up 9.5%…
REI reported that operating income for full year 2003 increased over 17% to “more than” $56 million from $47.6 million in 2002. The co-op posted $19.1 million in net income – an increase of more than $3 million or around 19% from the previous year…
Famous Footwear Banks on Athletic for 2004 Growth…
Famous Footwear president Joe Wood said growth in the women’s business in the fourth quarter was offset by the challenges in the Athletic Footwear business. Wood pointed to price compression across the industry that impacted prices “to the tune of about
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
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…
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
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