Kmart GM Jumps as Comps Disappoint…
Shares for the new Kmart Holding Corp. jumped 36.2% for the week to close at $25.20 on Friday after the reporting early in the week that the discounter had narrowed its Q1 losses amid lower comparable stores sales for the quarter…
Footstar Surges on Journal Article
Shares of Footstar rose nearly as much as 20% on Tuesday after the Wall Street Journal reported that some analysts and investors are betting recent concerns about the shoe retailer are exaggerated…
Fila Adds Peveto as SVP Global Footwear
Sport Brands International has named industry veteran Mikal Peveto as SVP Global Footwear for Fila. In his new role, Mr. Peveto will assume global responsibility for Fila footwear design, development and marketing and will oversee the company's effo
Brunswick Acquires Majority Stake in GPS Maker
Brunswick Corporation has acquired 70% of the stock of Navman NZ Limited, a New Zealand-based leader in global positioning systems (GPS)-based products and marine electronics, for total consideration of approximately $33 million. Brunswick said it has an
GolfGear International Names Korean Distributor
Cloud Water Co., Ltd., Seoul, Korea, has been appointed exclusive distributor of GolfGear International, Inc. products in Korea, it was announced by Don Anderson, GolfGear founder and chief executive officer…
Aldila to Sell Its Interest in Its Carbon Fiber Joint Venture
Aldila, Inc. has reached a tentative agreement, subject to conditions, and entered into a non-binding letter of intent with its joint venture partner, SGL Carbon Fibers and Composites, Inc., to sell its interest in Carbon Fiber Technology, LLC to SGL…
Timberland Appoints Board Director
The Timberland Company announced the appointment of Irene M. Esteves to the Company's board of directors, effective June 23, 2003. Ms. Esteves is Senior Managing Director and Chief Financial Officer for Putnam Investments in Boston, Massachusetts…
Thanks for the Introduction…
When Cherokee introduced Mossimo to Target in early 2000, they expected to receive a finder’s fee on royalties paid to the apparel company through its licensing agreement with the discount retailer. A Los Angeles Superior Court judge concurred last Tuesd
Holiday Resigns from GolfGear
Chris Holiday has resigned as senior vice president of sales and marketing at GolfGear International, Inc. to pursue other business interests…
Upland Sports Group to Distribute Somec Frames
Upland Sports Group has been selected as the U.S. distributor for Somec frames. Somec frames offer several different frames, materials, and options for the serious triathlete…
GBMI Adds VP’s for International and Product Strategy
Global Brand Marketing, Inc. has announced two promotions designed to deepen and strengthen GBMI's executive management team worldwide. Charles Dallain has been promoted to Vice President of International Sales, Europe, Middle East & Africa and Kris
Asics Sues Target for Trademark Infringement
ASICS TIGER Corporation and ASICS Corporation Japan have filed suit in Federal District Court in the District of Minnesota against Target Corp. for trademark infringement, unfair competition, and trademark dilution…
O’Donnell to Head National Accounts for Wilson Golf
Dave O’Connell, formerly Territory Manager for Wilson Golf, has been promoted to the position of National Accounts Manager – Golf, Wilson Golf & Racquet Sports. O’Connell will be responsible for golf sales to national accounts, as well as golf course buy
Cutter and Buck Fiscal Year Loss Widens as Sales Fall 18.2%
Cutter & Buck Inc. reported net sales for the fiscal fourth quarter ended April 30, 2003 fell 31.1% to $36.6 million versus $52.7 million in the year-ago period. The net loss for the quarter was flat at ($900,000) versus ($1.0 million)in Q4 2002. Net sa
Aussie Apparel Group to Acquire Bluetorch Trademarks
Aussie Apparel Group Ltd. has signed a letter-of-intent with Newport Beach, Ca based GBI to acquire the Bluetorch trademark and other intellectual property. Terms of the potential agreement were not disclosed.
