Gilburne Gets Probation in JFF Case…
Adam Gilburne, the former president of Just for Feet stores, was sentenced by Chief United States District Judge U.W. Clemon to 60 months probation and must pay a $1,000.00 fine and $389,000.00 in restitution. This sentencing follows his May 2004 guilty p
Former Hilfiger Exec Named CEO at Malden Mills
Michael Spillane has been named the President and Chief Executive Officer of Malden Mills Industries, Inc. Spillane, the former President for Children’s Apparel & Men’s Underwear and Loungewear at Tommy Hilfiger U.S.A, will begin work at Malden Mills imme
Oakley Sees H2 Backlog Gains as Q2 Earnings Suffer…
After revising its second quarter sales and income guidance downward the previous week (BOSS_0429), Oakley reported last week that net income for the quarter fell 12.1% to $16.0 million, or 23 cents per diluted share, compared with $18.2 million, or 27 ce
Columbia Makes Moves to Get Outerwear Business Back in Line…
Columbia Sportswear continues to log double-digit gains in both net income and sales in the second quarter despite continued declined in the company’s Outerwear business. COLM looks to right the Outwear ship as it moves its Sportswear chief over to handl
The Accell Group Profits Jump 49% in Slow EU Market…
The Netherlands-based bicycle manufacturer, Accell Group reported that first half sales rose to €204.3 million ($251.2 mm), a 24% increase over the €165.3 million ($175.7 mm) reported in 2003…
Cloudveil Upgrades Logistics for Fall…
Cloudveil is getting ready for the fall season by inking two new strategic partnership deals and adding a new member to its sales force. The two new deals, one with Sojitz Corp. and the other with North Bay Distribution, are designed to improve infrastru
U.S. Remains Strong for Lafuma…
Lafuma reported this week that fiscal third quarter sales declined year on year by 0.5% to €45.6 million ($65.3 mm) compared to last year when the company posted sales of €50.9 million ($55.6 mm). International sales decreased in the third quarter as well
Timberland Continues Building Solid Global Business in Q2…
Timberland said its second quarter results reflected solid global growth in footwear, apparel, and accessories and continued progress in enhancing gross margins. The company acknowledged a tougher climate for outdoor-related product in the U.S. sporting
K2 Inc. Sees Mix of Organic and Acquired Growth in Q2; Europe Comes Together…
K2 continued its trend of double digit sales increases fueled by acquisitions and, with one exception, strong organic growth among its core brands. This combination boosted second quarter net income by 28.8% to $6.2 million. Total sales at K2 increased 25
Huffy Notified of NYSE Non-Compliance
Huffy Corporation has received official notice from the New York Stock Exchange indicating that the Corporation has fallen below the Exchange's continued listing criteria as outlined in the NYSE Listed Company Manual. Huffy is now required to respon
Gravis Expands Management Team
Gravis Footwear announced key additions to its leadership team, with Gravis GM Brian Moore announcing that Anne-Marie Dacyshyn was promoted to Director of Product Marketing, Jason Heffron appointed as Director of Marketing Communications, and Gregg Duffy
Finish Line Issues Dividend, Announces Buyback and Moves to Indiana
The Finish Line Board of Directors has instituted a quarterly cash dividend program of $0.05 per share. The Board of Directors also authorized a new stock repurchase program to repurchase up to 2.5 million shares of Class A common stock, or approximately
ASICS First Half Sales Up 9.5%; Increases Market Share
ASICS America Corporation reported that sales for the first half of 2004 were $111.1 million, an increase of 9.5% over 2003. The company continues its focus on running, the largest segment of the athletic footwear industry, showing footwear sales increasi
Skechers Posts Q2 Profits; Beats Analysts’ Estimates
Skechers USA, Inc. reported that net sales for the second quarter of 2004 rose 2.4% to $234.7 million compared to $229.3 million in the second quarter of 2003. Net earnings for the quarter were $8.3 million, or 21 cents per diluted share, versus a net los
Dick’s SG Re-Affirms Second Quarter Outlook
Dick's Sporting Goods, Inc. has reacted to a number of negative reports from other sporting goods retailers this week and re-affirmed its outlook previously provided for the second fiscal quarter of 2004…
