Skechers Shares Tumble on Q2 Expense Growth…
Skechers USA, Inc. once again posted strong top line gains in the second quarter, but received concerned commentary from analysts on the quarterly conference call when those improvements failed to produce year-over-year profit growth. At the heart of the
K-Swiss Q2 Sees More of the Same, but Europe Business May be Plateauing…
K-Swiss Inc. saw continued degradation in its domestic business and continued strength in its international business, but also indicated that the brand “appears to be plateauing” until they can “effectively expand to other European countries.” The Interna
Deckers Increases Guidance on Stronger than Expected Second Quarter…
While Deckers reported strong top-line growth in Q2 and impressed Wall Street with better than expected results, lower gross margins caused a considerable decline in operating margins for the period. Overall sales growth was driven by across-the-board gai
GBMI Names SVP of U.S. Sales
Global Brand Marketing Inc. welcomed Scott Home back to the company, appointing him senior vice president of U.S. sales. In this position, Mr. Home, who brings over 30 years of footwear industry experience, will oversee all aspects of U.S. sales operation
Brunswick Has Tough Q2…
Brunswick Corporation saw second quarter net sales decrease slightly to $1.52 billion, down from $1.54 billion a year earlier. Fitness segment sales increased 11% in the quarter to $144.0 million, up from $129.7 million in the year-ago quarter. Operating
Nike Suspends Vick Contract…
Nike has suspended Michael Vick’s contract without pay, and will not sell any more Michael Vick product at Nike owned-retail at this time…
Confluence Restructures Sales Organization
Confluence Watersports announces the restructuring of its sales organization. The new structure features four regional sales managers who will be responsible for the sales representatives and sales activities in their respective territory and will report
Implus Footcare Acquires Sneaker Balls
Implus Footcare acquired Sneaker Balls, a patented shoe deodorizing product. “The Sneaker Balls acquisition further complements our commitment as a leader in the footwear accessory market,” said Todd Vore, Implus President. “We are excited to add Sneaker
California Bans Sale of Kangaroo Leather Cleats
The California Supreme Court has banned the sale of kangaroo leather soccer cleats in a unanimous decision rejecting an argument by adidas that federal law pre-empts a California ban on the products. In the case, Viva International Voice of Animals argued
PPR Ups Puma Stake to 62.1%; Closes Takeover Offer…
SAPARDIS S.A., the subsidiary of French luxury goods company PPR S.A. that has been in talks to acquire a majority stake in PUMA AG, has closed its takeover offer. PPR now owns, through its subsidiary, a total of 62.1% of all PUMA votes…
RECALL: Thule Bicycle Racks…
Thule has issued a recall of a number of its discontinued hitch-style bicycle racks. Thule has determined that a pinch point exists between the bike arm bracket and the upright assembly of the hitch-style bicycle rack. When the bike arm bracket is moved
The SportsOneSource Group Expands Business Development Team
In an effort to better service the needs of a growing and divergent client base, The SportsOneSource Group has added three solid industry professionals to its team. Susan Tauster has joined SportsOneSource as advertising sales manager for the Western U.S
Oakley Extends Ducati License
Oakley, Inc. has renewed its licensing agreement with Ducati Motor Holding S.p.A. for an additional three years. The agreement was originally established in 2003.
Spalding Takes Top Share in Volleyballs
Spalding reports that its volleyball dollar share within the Sporting Goods channel has spiked to 35%, up from just 7% one year ago and now takes over as the category leader. The company says its strong market sahre improvement comes from a combination of
Billabong to Acquire South Africa Licensed Business
Billabong International Limited has reached in-principle an agreement to acquire its licensed business in South Africa. The business comprises a wholesale distribution channel (and associated outlet store) and small-scale manufacturing facilities. The acq
