NRF: End to Imported Goods Tax Deduction Will Cost $200 Billion to Consumers
NRF asked President Bush to reject a tax reform panel’s recommendation that would end the corporate tax deduction for imported goods, saying the move could cost consumers more than $200 billion. Bush was informed in a letter that $648 billion in general m
Escalade Sports Posts Q3 Sales and Income Declines
Escalade Sports reported that net sales for the third quarter were $49.7 million, down 16.5% from last year's $59.6 million. Net income attributed to the Sporting Goods business declined 19% for the quarter to $4.3 million from $5.3 million last yea
Everlast Wins Vendor MVP from Modell’s
Everlast Worldwide Inc. announced that it received the annual Vendor MVP Award from Modell's Sporting Goods…
Oakley Appoints Shields as CFO
Oakley, Inc. announced the appointment off Richard J. Shields, CPA, as its chief financial officer. Mr. Shields, 48, will be in charge of the company's finance and accounting functions bringing more than 20 years of senior financial experience to his
Winter Trails Adds New Sponsors
Columbia Sportswear, Sorel and Manzella gloves recently signed on to sponsor Winter Trails, one of the nation’s most extensive “introductory snow sports programs”. The sponsorships also support Winter Trails’ companion program, Winter Feels Good, the nati
Unifi Q1 Sales Up 3.2%; Net Loss Down to $5.7 Mil
For the company's fiscal first quarter ended Sept. 25, 2005, Unifi, Inc. posted net sales from continuing operations of $185.4 million. Sales rose $5.8 million or 3.2% from net sales of $179.6 million last year. Net income from continuing operations
Quiksilver Cuts 2006 Earnings Outlook on Accelerated Integration and FX Rates
Quiksilver continues to expect revenues between $582 million and $592 million and diluted EPS of approximately 26 cents to 27 cents for the fourth quarter of fiscal 2005. For FY 2005, the Company reaffirmed its outlook of revenues between $1.73 billion an
Zumiez Shareholders to Sell 1.85 Million Shares
Zumiez filed a registration statement with the Securities and Exchange Commission for a proposed offering of 1,850,000 shares of common stock. Selling shareholders will offer all 1,850,000 shares in the proposed offering, and none of the proceeds will go
Timberland and Don Cheadle Team Up to Fight Genocide
Academy Award nominee Don Cheadle and The Timberland Company announced the creation of a limited edition “Save Darfur” boot, t-shirts, and hangtags to raise awareness of the crisis in the region and to inspire civic and political action to help stop the g
Sears Appoints New Executives to Team; Padilla Exits
Sears Holdings appointed a team of executives that will lead marketing, strategy, and Lands' End, reporting to Chairman of the Board Edward S. Lampert. Maureen McGuire will assume the position of EVP and chief marketing officer for Sears Holdings. Co
Dick’s Sporting Goods Featured on ‘The Apprentice’
Dick's Sporting Goods will be one of this season's companies featured on NBC's hit reality show “The Apprentice.” The hour-long episode is scheduled to air on October 27th, and will challenge the two high-energy teams
to create an in-store
K2 Third Quarter Earnings Climb 26.5% on 2.1% Sales Increase
K2 Inc. net sales for the third quarter ended September 30, 2005 were $340.4 million versus $333.5 million in the prior year. GAAP diluted earnings per share were 32 cents in the third quarter of 2005 as compared to 26 cents for the third quarter of 2004.
Two Men Indicted for Theft of 5,000 Nike Shoes
Two men from Kansas City, Kansas have been indicted by a grand jury in a case involving a truckload of 5,000 stolen Nike athletic shoes. Darrell Lawson, 49, and James Peoples, 42, are charged with one count of conspiring together to possess stolen goods t
Everlast Expands License in Sports Medicine Products
Everlast Worldwide has expanded its relationship with M&M Fitness Equipment, Inc. by signing a licensing agreement for the launch of Everlast-branded neoprene and elasticized joint braces and wraps for sports and exercise use as well as for use in recover
Intrawest Makes Several Personnel Moves
Intrawest Corporation announced that Gary Raymond will resign from his position as head of Intrawest Placemaking and will be replaced by Drew Stotesbury, chief financial officer of Intrawest Placemaking, on an interim basis. Intrawest also announced that
