Shoe Pavilion CFO Leaves For ‘Another Specialty Retailer’
Shoe Pavilion, Inc. accepted the resignation of Bruce Ross, CFO, as he will leave the company to become CFO at another specialty retailer, effective May 30, 2007. Mr. Ross will oversee the preparation of Shoe Pavilion's first quarter Form 10-Q and ha
Hanesbrands to Stop Production at Three D.R. Facilities
Hanesbrands Inc. will cease production at three sewing and assembly operations located in Itabo, Dominican Republic. The company is consolidating sewing production into fewer facilities that are aligned with textile fabric production and can operate more
Brooks Sports Commemorates Beloved Team Member
On Saturday, April 21, Elizabeth “Liz” Duncan, Brooks Sports Customer Service Representative, was hit by a car in Seattle and died at the scene. Brooks is setting up a scholarship fund and will release a special shoe in her honor…
Skechers Sees Early Win in Asics Suit; Asics Still Sees Merit
Skechers USA, Inc. reported it won a “major victory” in a trademark lawsuit filed against Skechers by Asics Corporation and Asics America Corporation. The U.S. District Court for the Central District of California denied Asics' motion for a prelimina
K2 Inc. Sees Strong Q1 on Balanced Segments…
K2, Inc. saw strong single-digit sales increases during the first quarter of 2007 due to growth in sales within the Marine & Outdoor and Apparel & Footwear segments. Earnings were boosted during the quarter by stronger margins, particularly in team sports
New Lines Push Volcom to Double-Digit Q1 Gains…
Volcom, Inc. saw double-digit gains in nearly every metric for the first quarter, with the only blemishes coming from slightly increased SG&A expenses and flat sales of men’s product. Across the pond, the company’s European initiative is up and running w
Cybex Reports Strong Q1…
Cybex International, Inc. recorded a 20% jump in net sales for the first quarter to $34.7 million from $28.9 million for the same quarter last year.
Everlast’s Sporting Goods Sales Climb 30%…
Everlast’s revenues increased 24% to $12.4 million for the first quarter from $10 million last year. Sporting goods revenues climbed 30% to a record $9 million, the third consecutive quarter of more than 30% year-over-year sales growth…
Golfsmith to Meet Sales Guidance, to Miss Net Income…
Golfsmith International Holdings, Inc. expects to meet its guidance for net sales for the first quarter and to beat comparable store sales guidance. Unfortunately, the company does not expect to meet previous net income guidance of 20 cents to 22 cents pe
The Timberland Co. Acquires IPATH…
The Timberland Company acquired substantially all of the assets of IPATH, LLC through a new wholly-owned subsidiary, IPATH Footwear Inc. IPATH designs, develops and markets skateboard casual footwear, apparel and accessories and is known as the “greenest”
Cabela’s Receives $43 Million from WV Development Bonds
Cabela's Inc. is refinancing the remainder of its economic development bonds related to its Wheeling, West Virginia location. As a result, the outdoor retailer received roughly $43 million from the retirement of these bonds…
Exel Sports Restructures North American Operations…
Exel Plc has appointed Chris Griffin, formerly VP of sales of Exel Sports NA, as president of Exel Sports N.A. He replaces Melissa Cook, the former general manager of North America who left in February…
Zumiez CEO Adds CFO to Titles
Zumiez Inc. added one more title to Richard M. Brooks, president and CEO, in the form of acting CFO. Brooks has served as president and CEO since June 2000. Brooks served as the company’s VP and CFO from August 1993 through June 2000…
Sprinturf Has Patent Rejected
It looks as though the battle over fake field supremacy has fallen to FieldTurf after the company initiated a formal Reexamination Proceeding by alerting the Patent Office of a prior art patent that superceeded the patent possessed by Sprinturf. After a p
Golf Galaxy Launches Nationwide Amatuer Golf Tournament
Golf Galaxy Inc. launched the Golf Galaxy Golf Tour, the largest network of amateur golf tournaments in the U.S. with tournaments taking place in more than 60 cities in 2007. The tournament is being sponsored by Callaway Golf, PGA Tour Partners Club, and
