Wolverine Q4 Net Income Up 9.5% on 8.2% Sales Increase
Wolverine World Wide, Inc. reported record earnings for its fourth quarter and 2003 fiscal year, marking its third consecutive year of record results. The Company achieved record revenue totaling $888.9 million for its 2003
fiscal year ended on January 3
Brown Show Reaffirms 2003 Estimates; Guides for ’04 and ’05
Brown Shoe Company, Inc. has reaffirmed that it remains comfortable with its previous guidance for Fiscal 2003 ended January 31, 2004 diluted earnings per share. BWS also estimates diluted earnings per share for Fiscal 2004 of $3.15, and first quarter 20
True Temper Sold to Gilbert Equity Partners
Cornerstone Equity Investors has signed an agreement to sell its investment in True Temper Corporation to management, and Gilbert Global Equity Partners and related entities. The specific terms of the agreement were not disclosed; however, the deal is exp
Huffy in Ball Deal with New Indoor Soccer League
Huffy Sports Company recently signed a four-year deal with the National Soccer League, a professional, indoor soccer league beginning play in June 2006, to become the official game-day ball provider. Under terms of the agreement, Huffy Sports will also p
Gildan Activewear Fiscal Q1 Sales Up 20%; Earnings Decline on Currency Change
Gildan Activewear Inc. reported net earnings declined 21.6% to $2.9 million, or 10 cents per diluted share, for first fiscal quarter ended January 4, 2004, compared with $3.7 million, or 13 cents per diluted share, in the year-ago quarter. The decline is
Federated Makes Senior Management Changes
Federated Department Stores, Inc. announced that Ronald Klein, 55, will be returning to Macy's East as chairman/ceo division, effective February 15. The company also announced that Michael G. Krauter, 46, currently EVP/director of stores at Rich
Brunswick Sees Q4 Net Income Jump 95% on 17% Sales Gain
Brunswick Corporation reported net earnings of $39.9 million, or 43 cents per diluted share, for Q4 2003, nearly double net earnings of $20.5 million, or 22 cents per diluted share, for the year-ago quarter. BC said the 95% increase in net earnings came
adidas-Salomon 2003 Net Income Up 14% on 5.0% Currency-Neutral Sales Increase
Based on preliminary figures, adidas-Salomon saw a 5.0% improvement in Q4 sales in currency-neutral terms, but showed a 3.8% decline in Euros from € 6.52 bn ($6.2 Bn). Currency-neutral sales increased for all brands and regions, except North America. Net
Reebok Q4 Net Income Jumps 63% on 11% Sales Gain
Reebok International Ltd. reported net income for the fourth quarter ended December 31, 2003 of $28 million, or $.44 per diluted share, an earnings per share increase of 63% when compared to net income of $16 million, or $.27 per diluted share in the four
Nautilus Group 2003 Net Income Falls 65% on 15% Sales Decline
The Nautilus Group, Inc. reported that fourth quarter net sales dipped 1.7% to $152.8 million from to $155.5 million for the corresponding period last year. Net income during the period fell 59.1% to $9.4 million, or $0.28 per diluted share, compared to $
Intrawest Chooses Burton
Intrawest Corporation has selected Burton Snowboards as the official supplier of snowboard rental equipment to its 10 mountain resorts, including North America's most popular mountain resort, Whistler Blackcomb, B.C., and Stratton Mountain, VT, the b
Life-Link Reports Increased Backcountry Sales
Life-Link International, manufacturers of Life-Link Backcountry gear and distributors of Dynafit Alpine Touring gear report a very strong category sales increase in Winter 03/04 over Winter 02/03. Due to the growth of Backcountry skiing, snowboarding, ba
Galyan’s Issues Warning on Q4 and Full year Results
Galyan's Trading Company, Inc. issued a warning on its results for fourth quarter and full fiscal year on Tuesday. GLYN now expects a comparable store sales decrease of approximately 4.7% for the fiscal fourth quarter versus a previously estimate o
Torpedo Sports Attempts to Restructure Debt
Torpedo Sports USA's wholly owned operating subsidiary, Torpedo Sports, Inc., has filed a notice of its intention to make a proposal to its creditors for the restructuring of its debts…
Read Worth Named to Bluetorch Board
Bluetorch Inc. announced that Read Worth has been appointed to the Bluetorch Inc. board of directors effective today. Mr. Worth replaces Scott Battenburg on Bluetorch Inc.'s board. Mr. Battenburg resigned in order to become the Chief Financial Office