In another significant effort to reduce its ecological footprint on the planet, Clif Bar Inc. announced today that all of the cartons (caddies) that hold its energy and nutrition bars on store shelves will be made with 100 percent recycled paperboard, of
Category: Outdoor
Kmart Posts Fiscal Q2 Loss as Comps Slide 5.4%
Kmart Holding Corporation reported a net loss of $5 million, or ($0.06) per share, for the fiscal second quarter of 2003. Kmart Corporation reported a net loss of $293 million for the 13 weeks ended July 31, 2002. Net sales for the 13 weeks ended July 3
adidas Issues Bonds in Advance of Top-Flite Auction
A report early Wednesday has adidas-Salomon gearing up for the fight for the Top-Flite. Reuters is reporting that adidas-Salomon made its debut in the bond market on Wednesday, issuing 400 million euros ($434 million) worth of debt convertible to around
VF Completes Nautica Deal; Forms Sportswear Coalition
VF Corporation has completed the previously announced merger between Nautica Enterprises, Inc. and a subsidiary of VF for a total consideration of approximately $600 million. The merger was approved by Nautica's stockholders on Wednesday. VFC announ
Nike Makes Five Senior Promotions
NIKE, Inc. announced the appointment of five executives to key posts. Tom Arndorfer has been appointed as Vice President and Chief Financial Officer of Nike USA; Jim Carter as Vice President, General Counsel; Adam Helfant as Vice President of U.S. Sports
Collegiate Pacific Fiscal 2003 Income Up 56% on 25% Sales Gain
Collegiate Pacific reported revenues for its fiscal year 2003 rose 25% to $21 million while net income jumped 56% to $1.2 million, or 30 cents per diluted share. BOO is projecting that revenues for the 2004-2006 periods will be approximately $26 million,
adidas Signs Young Sprinter to Endorsement Deal
adidas has signed sprinter Allyson Felix, the 2003 Gatorade Female Athlete of the Year, to a product endoresemnt and marketing deal. Felix has gone from a nationally ranked junior, to a competitor at the World Championships. Earlier this year, Felix ach
Rodale Releases H1 Profits
Rodale continues its strong performance trend for the first half of '03, it was announced today by Steve Murphy, President and CEO of Rodale Inc. The first half of '03 was up an additional 14 percent in terms of overall revenues compared to the
Clash of the Titans VIII: The Reconciliation Begins…
The dispute between the two biggest kids on the block appears to be softening a bit as both Nike and Foot Locker find new ways to help each other achieve their respective goals without compromising the stand each took in their now nine-month old spat over
As Foot Locker Sees Positive Back-to-School Signals…
While the good news here can’t be heralded as the “Miracle on 34th Street” just yet, Foot Locker is showing signs that it is reaping some benefits from the improving overall retail picture…
Genesco Sees Brighter Back-to-School…
Genesco is also seeing improved traffic and sales patterns at most of its retail units. The Journeys unit did see a 1.0% decline in comp store sales for Q2 while Underground Station posted a 9.0% jump in comps for the quarter on top of a 19% gain in the
Footwear Numbers Reveal a Tough H1 — No Matter How You Look at Them…
In an attempt to be “fair and balanced”, we thought it would be interesting to look at the footwear results for the first 6 months from 4 different perspectives: the financial results of major public footwear retailers, SportsScanINFO data, NPD data and
Dick’s Sees Share Increase Impact EPS…
The sharp increase of the share price of DKS has led to increased exercising of employee stock options that drove total shares outstanding to an estimated 25.5 million shares for Q3, up from 23.0 million shares earlier in the year. Total year shares outs
Hibbett Has License to Kill (the Competiton)…
Hibbett Sporting Goods bested analysts’ second quarter earnings estimates by a penny and then went on to tell the market that business is starting to get better.
HIBB said it expects third quarter earnings per share of about 24 cents to 26 cents, up 14.2
Lotto Sees Some Control Changes …and Pulls Out of Burma
The 50% shareholder of Lotto SpA stock, Enerlux S.A., has seen 45% of their shares transferred from Roberto Danieli to Andrea Tomat, Adriano Sartor and Gianni Lorenzato, who together already had a 55% control over the company…In other news, Lotto is pul
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