Everlast Q4 Revenues Climb 20%; Net Loss Remains Constant
Everlast fourth quarter net revenues increased 20.3% to $14.8 million as compared to net revenues of $12.3 million in 2003. The increase was derived from strong men's apparel sales of $4.5 million which achieved a 200% increase over the 2003 period,
Larry Harper Named Nike’s African-American Person of the Year
Larry Harper, General Manager for Nike's U.S. Central Region, joined a group of his peers at Nike's headquarters last week to celebrate the close of a series of employee-led events celebrating Black History Month. Toward the end of the two-hou
Gander Mountain Latest Retailer to Restate Earnings Due ot SEC Ruling
Gander Mountain Company on Wednesday stated that, as a result of a clarification issued by the SEC on February 7th affecting many retail companies, it will restate previously issued financial statements to adjust its method of accounting for leases. The c
Sears/Kmart Merger Gets Thumbs Up from ISS
Institutional Shareholder Services (ISS), the nation's leading independent proxy advisory firm, has recommended that Sears, Roebuck and Co. shareholders vote for Sears, Roebuck's proposed merger with Kmart Holding Corporation at the company'
Famous Footwear the Lone Bright Spot for Brown Shoe in Q4
Brown Shoe Company, Inc. reported that net sales for the fourth quarter ended January 29 rose 9.8% to $476.5 million from $433.8 million in the year-ago quarter.
Net earnings were $8.5 million, or 46 cents per diluted share, versus $4.7 million, or 25 cen
Dorel Sees Q4 Boost From Pacific Cycle and Schwinn’s Sting Ray
Dorel revenues for the fourth quarter rose to $462 million, up 42.7% from $323.7 million a year ago. Net income for the fourth quarter jumped 69.6% to $34.7 million from $20.5 million. Income per share for the final quarter was $1.05 fully diluted, compar
Reebok Signs Deal with Canadian Hockey Phenom
Reebok International has signed a multi-year agreement with Sidney Crosby, the consensus top pick in the next National Hockey League draft, and widely anticipated to be the best player to enter the professional ranks in twenty years. Already immensely pop
Phoenix Footwear Posts Q4 Loss as GM Shrinks
Phoenix Footwear Group, Inc. reported that net sales for the fourth quarter increased 83% totaling $20.7 million compared to $11.3 million for the fourth quarter of 2003.
PXG reported a net loss of $624,000 or 8 cents per diluted share compared to net inc
Shimano Taps SHIFT Communications for PR Campaign
SHIFT Communications has signed Shimano Inc. to its client roster. SHIFT will support Shimano in educating the American public about how bicycling is part of the solution to many of our nation's worst problems such as traffic congestion, pollution an
Arc’Teryx Shuffles Management Deck…
Arc'Teryx has promoted several of its principal employees. Long time designer Tom Fayle has been promoted to Director of Product Design. Janice Larsen has been elevated to Director of Product Engineering. Lance Richardson, formerly the Director of Pr
First ’24 Hours of Climbing’ Event Launched in Washington; Proceeds Benefit Thai Tsunami Victims
To benefit Thailand rock climbing communities impacted by the recent tsunami, the first-ever 24 Hours of Climbing fundraiser is set for April 22-23, 2005. The 24 hour event will involve two or four-member teams of friends,
colleagues and families raising
Retail Execs’ Mood Rebounds in Feb…
An improving customer traffic picture, along with solid gains in sales and average transactions, appears to be fueling retailers’ ability to keep prices up and limit promotional activity. According to the latest findings of the NRF Executive Opinion Surv
Shimano Misses 2004 Guidance; Still Posts Record Year…
Shimano finished off fiscal 2004 with a very strong fourth quarter, posting a 16.9% increase in sales to ¥46.6 billion ($441.0 million). In spite of the strong improvements over 2003, the company did not quite reach its full year projections of ¥170 billi
Escalade Sports Acquires ChildLife, Inc.
Escalade Sports, has acquired substantially all the assets of ChildLife, Inc., a manufacturer of premium residential play systems, commonly known as swing-sets and slide towers. ChildLife is synonymous with child safety and is readily identified in the pl
Foot Locker Looking Optimistic as Key Metrics Start to Point to Positive 2005…
Foot Locker, Inc. said that a trend to higher selling prices, access to more marquee product, and a “somewhat lower” promotional posture is fueling a renewed optimism as the retailer moves into its new fiscal year. The improving comp store sales gains fo
