Vans CFO Departs; Company Sees Better Fiscal Q1
Vans, Inc. announced that Andrew J. Greenebaum, Chief Financial Officer, has decided to leave his position for personal reasons, effective as of August 30, 2003. Scott J. Blechman, currently VP of Finance & Controller, will be promoted to CFO. The compa
Varsity Moves Forward With Buyout Deal
Varsity Brands announced that it is mailing a Proxy Statement to all holders of record of Varsity Brand's common stock as of August 4, 2003, for the purpose of approving the proposed merger pursuant to which the Company would be acquired by a wholly-
Tomat Takes Majority Interest in Lotto Italia SpA
Roberto Danieli is exiting his position with Enerlux S.A.,
a 50% owner of Lotto Sport Italia S.p.A. His 45% share of Enerlux will shift to Andrea Tomat, Adriano Sartor and Gianni Lorenzato, who together already had a 55% control over the company. Revis
Galyan’s Complete Lease-Buyback for Three More Stores
Galyan's Trading Company, Inc. announced on Tuesday the completion of a sale-leaseback transaction for three stores with an investment trust of W.P. Carey & Co. LLC, bringing the total properties the Company leases through the Carey Group to eight. A
Sun Ice Withdraws Acquisition Plan
Sun Ice Limited and the company set up to take it private have jointly announced that the plan to execute the transaction has been withdrawn. The purchasing company was set up as a holding company wholly-owned by Sylvia Rempel, the President, CEO and Cha
TJX Q2 Net Income Off 4.9% on 2.0% Comp Store Gain
The TJX Companies, Inc. announced net sales for the fiscal second quarter were $3.0 billion, a 10% increase over last year, with consolidated comparable store sales increasing 2%. Net income was $123 million and diluted earnings per share were $.24, which
Sport Supply Group Q2 Earnings Fall as Sales Dip 3.0%
Sport Supply Group announced net income before cumulative effect of accounting change for the quarter ended June 2003 fell 45.2% to $115,000 compared to $210,000 for the quarter ended June 2002. Net sales for the quarter dipped 3.0% to $26.0 million. In
Pacific Sunwear Q2 Net Income Jumps 84%; Sales Up 23%
Pacific Sunwear saw net income for the second quarter of fiscal 2003 increase 84% to $13.4 million, or $.26 per share, basic and diluted, over net income of $7.3 million, or $.15 per share, basic and diluted, for the second quarter of fiscal 2002. Sales
Top-Flite Can Use Cash for Lawyers…
Top-Flite Golf Co. received bankruptcy court permission last week to use cash that is collateral for secured debt to fund its Chapter 11 restructuring. The company’s unsecured creditors has challenged the company’s move to use the collateral, contending
Gildan Builds More Share in Fiscal Q3…
Gildan Activewear reported net sales for its fiscal third quarter benefited from the inclusion of an extra week in the reporting period. Sales were up 4.2% to C$204.0 million ($142.1 million) compared to C$195.7 million ($125.1 million) in the year-ago q
NIKE Declares Dividend
On August 11, 2003, the Board of Directors of NIKE, Inc. declared a cash dividend of fourteen cents ($0.14) per share on its outstanding Class A Common Stock and Class B Common Stock payable October 1, 2003, to shareholders of record at the close of busin
Build It And They Will Come
We all remember the day when every suburban kid was walking to class wearing a Mountain-light Jacket. It was a $300 2-ply Gore-Tex fashion statement, and the outdoor specialty shops couldn’t order them fast enough. I remember re-stocking North Face Jack
Former CGA Board Members Respond To New Climbing Gym Challenges…
A woman died last month in Missouri after a fall from a portable climbing wall. The accident, seen as the first fatality in the history of the climbing gyms in the U.S., occurred during a changing of the guard within the industry, during a time when a nu
Nike Opens Golf RandD Center; June Retail Sales Double
Nike Golf unveils its first full-service and dedicated research & design facility for the development of performance golf clubs and the testing of both golf clubs and golf balls in Fort Worth, Texas. The company alos revealedits latest retail golf sales
Prince Appoints New CFO
Prince Sports, Inc. announced the appointment of Dave Evins as Executive Vice President and Chief Financial Officer, reporting directly to George Napier, CEO. In addition to being a key part of the senior management team, Evins' scope of responsibili
