Action Performance Fiscal Q1 Profits Slip 2.5%

Action Performance Companies, Inc. reported first quarter revenues for the first quarter ended December 31, 2002 increased to $85.8 million from $84.1 million in the same period last year. Net income slipped 2.5%…

Dick’s CEO Repays Company Loan Early

Reuters is reporting that Ed Stack, chairman & CEO of Dick's Sporting Goods, has already paid in full a $6.2 million company loan from May 2001. The loan had been due in 2011…

Asics Sues Discount Retailer for Knock-offs…

Asics filed suit Friday in the Federal District Court in the Western District of Tennessee against Fred's, Inc, a 350+ store discount retail chain in the Southeast. The suit claims trademark infringement, unfair competition, and trademark dilution..

Aussie Apparel Group Acquires Brands…

Aussie Apparel Group, Ltd. signed the closing documents last month to acquire the Hot Tuna, Xisle, Piranha Boy and Piranha Girl brands from Federation Group. The definitive agreement, signed on December 17, 2002, is valued at approximately $7.5 million…

Pride Manufacturing Acquires Softspikes, Inc.

Pride Manufacturing LLC announced the acquisition of Softspikes Inc. As part of the acquisition, Pride assumes ownership of Sport Holdings Inc., which includes Softspikes Inc., as well as Trisport Ltd. of England, the leading manufacturer of cleats and re

Another Carolina Mill Files Chapter 11

Chuck Flynt started Flynt Fabrics in 1972 and watched it grow into a player in the textile industry. But last week, Flynt had to tell his employees that his company was filing for bankruptcy protection…

Johnson Outdoors Narrows Q1 Loss

Johnson Outdoors Q1 net sales decreased 8% to $54.9 million, and operating profit declined by $0.8 million to $0.2 million. The reported loss before cumulative effect of change in accounting principle improved to -$0.3 million…

Huffy Renews Endorsement Deal with Kidd

New Jersey Nets All-Star Guard Jason Kidd recently signed a two-year extension on his endorsement deal with Huffy Sports, a longtime NBA licensee and world-renowned sporting goods company…