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…
Warren Sapp Takes Game to Team Jordan
Jordan, a division of Nike, Inc., announced the addition of six-time Pro Bowl defensive tackle Warren Sapp to Team Jordan, the elite group of professional athletes hand-picked by Michael Jordan to represent the Jordan brand of footwear and apparel…
Variflex Fiscal Q3 Profits Jump 145% as Sales Climb 56%
Variflex, Inc. reported net sales of $21.3 million for the fiscal third quarter ended April 30, 2003 compared to $13.7 million for Q3 2002, an increase of 56%. VFLX also reported net income for the quarter of $1,338,000 or $0.29 per diluted share, compare
Aussie Apparel Announces 5 for 1 Forward Stock Split
Aussie Apparel, Inc. announced that its board of directors has approved a five-for-one forward stock split of the company's common stock. The forward split will be effective on Tuesday, May 27th, 2003 to the holders of record of Aussie Apparel'
Aussie Apparel Group Has Stock Symbol Change
Aussie Apparel Group Ltd. announced Tuesday that NASDAQ changed its new symbol from AAPR to “AASI.” The change was due to an inadvertent error at NASDAQ whereby the AAPR symbol just issued to the company apparently conflicts with the symbol of a NYSE comp
Airwalk Pulls the Plug on Sales Groups, Will License Brand…
The licensee becomes the licensor as the downturn in skate claimed its first major victim on Friday.
Tare7, the parent company to the airwalk and and andy mac skate brands, made the strategic decision to license its brands to either another manufact