Vaccaro Resigns from adidas
Published reports late last week indicate that Sonny Vaccaro, adidas’ director of basketball, has resigned from the company. The move furthers impacts the floundering adidas basketball program that has lost quite a bit of share to resurgent Reebok and ot
Forzani Q2 Net Income Up 10.2% on Flat Comps
The Forzani Group Ltd. reported that retail system sales for the second quarter of fiscal 2004 grew 7.5% to C$262.7 million ($183.0 million) compared to C$244.3 million ($156.2 million) for the same period of the previous year. Combined revenues from corp
HS Trask Granted License for Ducks Unlimited Footwear
Phoenix Footwear Group, Inc. has been assigned a licensing agreement with Ducks Unlimited, Inc., the world's largest wetlands and waterfowl conservation organization, for promotion and distribution of a Ducks Unlimited line of casual men's footw
Gart Q2 Net Income Falls 17% on Merger Costs, Lower Comps
The new Sports Authority, Inc. reported Q2 results for the Gart portion of the business only, stating that the quarter is a “lost quarter” for the former TSA business. Combined company results for the new Sports Authority will be provided beginning with
Cloudveil is Growing Up — and Out…
Cloudveil has closed on a financing deal with Wells Fargo that will allow the company more freedom as they grow. The credit line was finalized on June 30, 2003.
Environmental Awareness is Working its Way Into Manufacturing…
The International Organization of Standardization has granted Grivel “14001 certification” for sustainable development…PrAna is joining Patagonia and MEC as the only 3 outdoor clothing manufacturers who use organic cotton…On top of these developments,
Specialty Quick Hits…
Raliegh Bicycles is gearing up for a move into the higher-end component and bicycle market; SRAM and RockShox have expanded their “BlackBox” Product Development to include BlackBoxRacing.com; Jet Boil made a stir at the OR show; Aaron Feuerstein is still
Honest, It Was the Neoprene Fumes…
Federal securities regulators have settled fraud charges with the former president of Orange County, CA-based Freedom Surf, Inc. and Cyrus Industries. Raece Richardson, an Australian citizen that ran both companies, agreed to pay $175,000 in penalties to
Oakley Will Not Get Restraining Order…
Oakley and The Hockey Company have been wrapped up a court dispute over the Jofa “Image” protective hockey visor. Oakley filed suit against THC on July 31st and applied for a temporary restraining order. The request was denied.
Oakley claims that the
Famous Footwear Set to Pay Dividends…
Brown Shoe Co. will continue to invest heavily in the turnaround at Famous Footwear. While traffic and sales were sluggish at the company’s family footwear unit, operating profits jumped more than 88% for second quarter as gross margin improved 200 basis
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
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
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
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…
Stage Stores Q2 Net Income Dips 12.5% on 3.5% Comp Store Decline
Stage Stores Inc. announced that net income for the second quarter ended Aug. 2, 2003 was $9.1 million, or $0.45 per diluted share, compared to $10.4 million, or $0.47 per diluted share, for Q2 2002. Total sales for the 13-week period increased 0.1% to $2
