NRF Revises Full Year Retail Forecast
Though consumers have competently held up the economy for the past year, the party won't continue much longer. The National Retail Federation (NRF) revised its 2005 sales forecast based on the inclusion of new merchandise categories, predicting that
Oakley Q1 Sales Climb 10.2%; EPS Nearly Doubles
Oakley first quarter net sales increased 10.2%, to $141.8 million, a first quarter record, compared with $128.6 million in the first quarter of 2004. Net income for the first quarter totaled $7.4 million, or $0.11 per diluted share, compared with net inco
Mountain Khakis Adds New Board Member
Mountain Khakis has added its first outside board member, Dow Bauknight. Bauknight is a former Accenture partner who was responsible for the Global Supply Chain Practice. He also initiated ePValue a global online purchasing company for Accenture, managin
Stride Rite Investor Group Finds Fault with Option Grants
Barington Capital Group, L.P., which represents a group of investors in The Stride Rite Corporation, on Tuesday sent a letter to Stride Rite chairman and CEO David Chamberlain voicing concerns over the number of stock options that have been issued to seni
Brown Shoe Prices Senior Notes to Fund Bennett Deal
Brown Shoe Company, Inc. has priced $150 million aggregate principal amount of its 8.75% Senior Notes due 2012 in a private placement. The offering is expected to close on or about April 22, 2005. The issuance of the notes is conditioned upon the consumma
Karstadt Reflects German Retail Woes…
The retail scene in Germany continues to stymie a rebound in Europe as a high unemployment and a stagnant economy keep consumers out of the stores. German retailing and mail-order powerhouse Karstadt-Quelle AG is both a recipient and a contributor to the
SnowSports Industry Looks Across Cultures…
Diversity was a key focus of the second annual Snow Industry Summit held at Copper Mountain Ski Resort, and the organizers of the event brought together a talented and very motivated group of speakers to help address the issue. The issue of diversity in t
Rebel Sports Sees “Patchy” Conditions Curtail Comps Sales Growth…
Rebel Sports reported that total sales for the fiscal third quarter ended April 2 increased 6.4% to A$76.5 million (US$59.5 mm), compared to A$71.8 million (US$48.5 mm) in the year-ago period. For the nine month period, sales were up 5% to A$238.4 millio
Quiksilver Sees Both Softgoods and Hardgoods Upside in Rossignol Acquisition…
Quiksilver, Inc. has executed the anticipated stock purchase agreement with the Boix-Vives family, which holds a majority interest in the Rossignol Group. When the deal, which is said to be worth approximately $320 million in cash and stock, was initiall
Quiksilver Gets Workers Thumbs Up in Rossignol Deal…
Quiksilver, Inc. has executed the stock purchase agreement with the Boix-Vives family, which holds a majority interest in the Rossignol Group. While the deal, which is said to worth approximately $320 million in cash and stock, was initially announced in
Acushnet Sues Academy Sports and Scheels All Sports Over Pro V1 Fakes…
The Acushnet Company, the Fortune Brands division that manages the Titleist, FootJoy, Cobra, and Pinnacle golf brands filed suit last Monday in Federal District Court in Dallas against Academy Sports & Outdoors, alleging counterfeiting and trademark infri
SIA Again Sees Chain Stores Outpace Specialty in SnowSports Market…
In Chain stores, Alpine Equipment experienced a slight decline in units-sold, but the significantly higher ASPs, which have persisted throughout the season, kept dollar-sales flat. February was a tough month for equipment sales at Specialty retailers, but
Mr. Mossimo Wants His Company Back…
Mossimo Giannulli is making a bid to buy back the 35% of his company that is currently outstanding in publicly held shares. He is offering $4.00 per share in cash, representing a 20% premium to the closing price of the company's common stock when th
Reebok Walks Away from Roddick, But Wait… There’s More…
Reebok International on Friday confirmed that the company will not re-sign Andy Roddick when his contract expires on May 1, saying the decision came about after assessing what was “best for the business.” Roddick is rumored to be close to a deal with Lac
Obituary — Jim O’Brien
Jim O’Brien, founder of O’Brien & Associates, in Detroit, Michigan, passed away April 12 after battling numerous illnesses over the last few years. He was 75 years old.
Mr. O'Brien founded the agency over 35 years ago, covering the Midwest territory.
