Piraino Resigns from GolfGear International Inc.
Michael A. Piraino has resigned as president, chief financial officer and director of GolfGear International Inc., to pursue other business interests, it was announced Monday by Peter Pocklington, chairman…
New Balance to License Socks to Moretz
New Balance Athletic Shoe, Inc. has signed a license agreement with Moretz Sports for performance socks.
Effective January, 2004, Moretz Sports will manufacture, market and distribute New Balance performance socks in association with the New Balance sales
Adams Golf CFO Resigns
Adams Golf announced Friday that its Chief Financial Officer, D. Keith Ford has resigned from the Company to pursue other interests. Mr. Ford joined the Company in December 2002…
NPD Study Reports Consumers to Spend More on Apparel and Footwear
According to a post-war consumer spending study, recently released by The NPD Group, Inc., many consumers are willing to spend more on apparel and footwear, despite disappointing retail sales. According to NPD, the apparel and footwear industries decreas
SGMA: Children’s Sports Interests Run The Gamut
Once again, sports, fitness initiatives and fun festivities are the dominant sports/recreational activities for America’s children. That’s the conclusion of SGMA International following its recent analysis of the Superstudy® of Sports Participation
Kellwood Q1 Sales and Earnings Jump on Acquisition Contribution
Kellwood Company reported sales for the first quarter increased $118 million, or 21%, to $689 million versus $571 million last year. The increase includes $98 million from the acquisition of Gerber Childrenswear in June 2002. Net earnings for the quarter
Precor Opens Japan Operations
Precor has expanded its operations into Japan, with new offices in Tokyo and Osaka. The offices are located within existing Amer Sports offices, where Precor division manager Koji Akiya and his team are working closely with Amer finance and operations re
G-III Narrows Fiscal Q1 Loss On 47% Sales Jump
G-III Apparel Group, Ltd. reported net sales of $18.7 million for the three-month period ended April 30, 2003 compared to net sales of $12.7 million in the year-ago quarter. The company posted a net loss of $2.6 million, or $0.38 per share, for Q1 compar
NPD Post-War Study Reports Lift in Consumer Purchase Intent
Results from a just-released consumer spending study by leading market information company The NPD Group, Inc. indicate a significant increase in consumer optimism as measured by discretionary spending intentions for May – July, 2003. Fielded to NPD’s on
NRF: Retailers Say Bush Tax Cut Will Create Jobs
The National Retail Federation praised the tax cut bill signed into law Thursday by President Bush, saying the measure will boost the economy and create jobs.
“This tax-cut plan establishes a sound, three-pronged approach that will increase consumer sp
NRF: Retail Execs See Mixed Results in May
In the midst of a sluggish economy and challenging sales, retailers remain optimistic that there are brighter times on the horizon. According to the latest NRF-BTM Executive Opinion Survey, a monthly index by the National Retail Federation (NRF) and the B
Sporting Goods Sales Reach $45.8 Billion in 2002; NSGA Expects 2% Growth in 2003
Retail sales of sporting goods, which reached $45.8
billion in 2002, are expected to grow 2% in 2003, according to the National Sporting Goods Association (NSGA). For 2003, sales of athletic and sports equipment, shoes and clothing are forecast to reach $
Russell Sells Off Southern Athletic Brand to LandL Group
Russell Corporation has sold the SOUTHERN ATHLETIC trademark and related assets The L&L Group, which has licensed the brand since May 2002. The L&L Group, privately held and formed in 1948, owns Foremost Athletic, L&L Concession Co, Reach Athletic, and U
Costco Fiscal Q3 Net Income up 18% on 11% Sales Gain
Costco Wholesale Corporation announced net sales for the third quarter of fiscal 2003 increased 11% to $9.34 billion from $8.44 billion during the third quarter of fiscal 2002. On a comparable warehouse basis, net sales increased 6%. Net income for the t
Footwear Specialties Int’l Taps Pugh For Regional Sales VP
Footwear Specialties, Int'l, parent company of Nautilus Safety Footwear, SkidBuster Shoes, and 3rd Watch Footwear, announced today that it has hired industry veteran George Pugh as its Regional V.P. of Sales – Midwest, which is a new position…