Weyco Group Q4 Profits Up Slightly
Weyco Group Inc. reported slightly higher profits for the fourth quarter, despite flat retail sales and declining U.S. sales of the key Florsheim brand. Net income increased 1% to $7.8 million, or 66 cents per share, compared with $7.7 million, or 64 cen
MacGregor Golf Names Setola CEO
MacGregor Golf Co. named Michael J. Setola as its president and CEO, effective immediately. Setola was most recently president of Oxford Industries, where he was responsible for brands including Oxford, Lanier and Ben Sherman. Additionally, the company an
Heelys SVP Global Sales Resigns
Charles D. Beery plans to resign as Heelys, Inc.'s SVP – Global Sales. According to a filing with the SEC, his resignation will become effective on February 29…
Implus Footcare Launches Hosiery Division
Implus Footcare, LLC, has created a new Hosiery Division. The creation stems from the company’s rapid sales growth under their Sof Sole, Yaktrax and Apara brands. The Hosiery Division’s focus will be to build sock assortment across multiple Implus’ brands
Cabela’s Q4 Sales Rose Twice as Fast as Profits
Cabela's Incorporated said fourth-quarter net income rose 5.4%, or at less than half the rate that sales grew, on a 5.9% decline in same-store sales. Direct-to-consumer revenue increased 3.3% while financial services revenue decreased 1.7%. For the f
Nau to Open 10 Stores in 2008
Nau Inc. plans to open 10 more retail locations in 2008. Plans for new markets include Los Angeles, San Francisco, Denver, Boston and Bethesda. Second stores will be opened in the existing markets of Seattle and Portland, OR. It currently has four doors i
Wolverine Names New Outdoor Exec in Europe
Wolverine World Wide, Inc. appointed Onder Ors to the position of SVP, International for the Outdoor Group. In this new role, Ors will lead all International and European subsidiary operations for the Merrell and Patagonia Brands, which includes the respo
Nexcen’s D’Loren Joins Board of Running Club
NexCen Brands Inc., the parent of The Athlete's Foot, announced that its President and CEO, Robert W. D'Loren, has been appointed to the board of directors for the Achilles Track Club (ATC.) NexCen Brands, Inc. has also committed to donating $25
Teva Will Be Title Sponsor for Mountain Games
Teva has signed a five-year agreement to be the title sponsor for Mountain Games taking place in Vail, Colo. this summer. The seventh annual Teva Mountain Games will take place from June 5–8. The event is expected to draw 2,500 athletes to compete for $10
Heelys Next Non-Wheeled Shoe to Ship this Summer
Heelys, Inc., which has seen the average selling price for its wheeled shoes plummet, said it will ship a new line of non-wheeled footwear starting at a retail price of $39.95 in time for the back-to-school season. The new line follows on the heels of the
Foot Locker Hikes Dividend by 20%
Foot Locker, Inc. declared a quarterly dividend of 15 cents a share, paybable May 2 to shareholders of record as of April 18. This dividend represents a 20 percent increase over the company's previous quarterly per share amount and is equivalent to a
H20 Audio Adds Laird Hamilton to Board
H2O Audio has added Laird Hamilton to its Board of Directors. As a member of the Board, Hamilton will be strategically guiding the company with marketing its brand and developing its next generation of surf/music products…
Sport Footwear to See 2008 Growth Moderating…
The SportsOneSource Group, the leading information platform serving the sporting goods, outdoor, athletic footwear and apparel markets, has released preliminary sales figures for the fiscal 2007 retail year. Based in part on retail point-of-sale data com
Skechers Q4 Results Cut into Record 2007 Sales…
Skechers USA saw three record quarters through the first nine months of 2007, but revenues dipped nearly a full percentage point in the fourth quarter due to weakness in the U.S. market and the shuttering of a couple of sub-brands. The strong Q4 results
Perry Ellis to Meet Q4 Estimates…
Perry Ellis International, Inc. expects to report Q4 earnings that will meet or beat analysts' average estimate of 61 cents per share. The company also said that while the first half of its current fiscal year, which began Feb. 1, will be challenging
