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
Category: Footwear
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…
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
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
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
Foot Locker Hikes Dividend by 20%
Foot Locker, Inc. declared a quarterly dividend of 15 cents a share, paybable May 2 to shareholders of record as of April 18. This dividend represents a 20 percent increase over the company's previous quarterly per share amount and is equivalent to a
Nau to Open 10 Stores in 2008
Nau Inc. plans to open 10 more retail locations in 2008. Plans for new markets include Los Angeles, San Francisco, Denver, Boston and Bethesda. Second stores will be opened in the existing markets of Seattle and Portland, OR. It currently has four doors i
Wolverine Names New Outdoor Exec in Europe
Wolverine World Wide, Inc. appointed Onder Ors to the position of SVP, International for the Outdoor Group. In this new role, Ors will lead all International and European subsidiary operations for the Merrell and Patagonia Brands, which includes the respo
Nexcen’s D’Loren Joins Board of Running Club
NexCen Brands Inc., the parent of The Athlete's Foot, announced that its President and CEO, Robert W. D'Loren, has been appointed to the board of directors for the Achilles Track Club (ATC.) NexCen Brands, Inc. has also committed to donating $25
Teva Will Be Title Sponsor for Mountain Games
Teva has signed a five-year agreement to be the title sponsor for Mountain Games taking place in Vail, Colo. this summer. The seventh annual Teva Mountain Games will take place from June 5–8. The event is expected to draw 2,500 athletes to compete for $10
Heelys Next Non-Wheeled Shoe to Ship this Summer
Heelys, Inc., which has seen the average selling price for its wheeled shoes plummet, said it will ship a new line of non-wheeled footwear starting at a retail price of $39.95 in time for the back-to-school season. The new line follows on the heels of the
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