Varsity Brands Settles Class Action Lawsuits
Varsity Brands, Inc. has reached an agreement to settle two purported class action lawsuits that were filed in Delaware and Tennessee against the company, its board of directors and Leonard Green & Partners, L.P. The lawsuits challenged the proposed merge
Cold as Ice Sees Sales Boost
Late business boosts the success of Cold As Ice, Inc. in their continuing effort to pioneer new ground for women's snowboard apparel. The company found itself happily asking, “who turned on the snowboarding faucet again”? After several quarters of th
Deuter Continues Medibet Sponsorship and Asks For Industry Help
Meditibet is a registered association located in Munich Germany. It was founded in 2000 and as a NGO (Non Government Organization) with the aim to provide basic medical care in regions with Tibetan culture. Their most important goal is to support and to p
Kmart Makes Executive Appointments
Kmart Holding Corporation announced the hiring of Bruce Johnson, Senior Vice President, Supply Chain and Operations; Janet Kelly, Senior Vice President and Chief Administrative Officer; and Lisa Schultz, Senior Vice President and Chief Creative Officer.
Magic Show Appeals to Those Looking for a Life of Luxury…
The mood of the show was surprisingly upbeat. Word is that business in both footwear and apparel is better than the first two quarters, although certainly well below “robust” levels. Footwear seems to be outperforming apparel. “Improved” probably best
Ashworth Swings to Profit in Fiscal Q3…
Ashworth, Inc. is looking to the retail and department store channel to grow its business going forward as the core green grass business continues to suffer from the weak economy and this year’s weather woes…
Billabong Rides Surfer Girl Wave…
Billabong released year-end financials and it looks like a strong year for the Aussie Surf-wear manufacturer with sales in America and Europe leading the way…
adidas’ McCool Takes One for the Team…
Tim McCool, director of apparel sales for adidas America, has agreed to plead guilty to a conspiracy charge involving Just for Feet. The U.S. Attorney's Office in Birmingham, AL confirmed that McCool had been charged with conspiracy to submit false s
Clif Bar Continues its Strong Environmental Track Record
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
Rawlings Inks New Five Year NCAA Baseball Deal
Rawlings Sporting Goods announced that it has entered into a new five year agreement with the National Collegiate Athletic Association (NCAA), which designates Rawlings as the official baseball of the NCAA…
Slazenger Golf Appoints New President/CEO
Slazenger Golf Products Company has appointed golf industry veteran Chris Daltorio as the new President and CEO, setting forth a new platform that will allow golfers across the nation to have greater access to Slazenger apparel, gloves and balls. Daltori
NRF: Back-to-School Helps Fuel Retail Comeback
A strong back-to-school season and solid sales gains continue to fuel optimism in August as retailers begin looking ahead to the fourth quarter. According to the latest NRF-BTM Executive Opinion Survey, a monthly index by the National Retail Federation
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
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
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
