NMa orders Accell to pay $15.1 Million Fine for Price Fixing
The Nederlandse Mededingingsautoriteit, or NMa, [Netherlands Competition Authority] announced that Accell Group has been ordered to pay a fine of €12.8 million ($15.1 million) because of an infringement of the law on Competition with regard to alle
Skechers Q1 Net Income Off 17.6%, But Still Beats Street
Skeckers USA, Inc. reported that net sales for the first quarter of 2004 rose 6.2 percent to $221.5 million compared to $208.6 million in the first quarter of 2003. Net earnings for the quarter were $7.0 million, or 18 cents per diluted share, versus net
Emu Expands U.S. Presence
EMU Australia has added Michael Fischer and Tiana Phillips to the EMU North American team. In his new role, Fischer will serve as the customer service and product line manager and will assist with product development and design for footwear, accessories a
Unifi Q3 Net Loss Grows on Restructuring Charges
Unifi released operating results for its third quarter of fiscal year 2004. The Company reported a net loss of $50.0 million or 96 cents per share for the quarter ending March 28, 2004, which compares to net income of $1.1 million or 2 cents per share for
Wolverine Thanks Merrell for Another Solid Quarter
Wolverine World Wide achieved record revenue for the first quarter of 2004 totaling $224.9 million, a 17.4% increase over first quarter 2003 revenue of $191.5 million. Earnings per share during the first quarter of 2004 grew to $0.30 per share compared t
Gander Mountain Opens on Nasdaq Priced at $16 a Share
Gander Mountain Company has announced the pricing of its initial public offering of 5,725,000 shares of its common stock at a price of $16.00 per share. In addition, Gander Mountain has granted the underwriters a 30-day option to purchase up to an additi
Nike Realigns Regional Managment Teams
Nike is realigning the company's regional management, effective immediately. Eunan McLaughlin, currently vice president of Nike's Asia Pacific region, will become vice president of the Europe, Middle East and Africa region, succeeding Frits van
NSGA Participation Numbers Paint a Different Picture
In spite of a 3% decline, exercise walking, remains the No. 1 participation activity surveyed by the National Sporting Goods Association (NSGA), a position it has held for more than a decade. Data contained in NSGA’s annual “Sports Participation – Series
Foot Locker Prevails in Footaction Acquisition Bid
Footstar, Inc. has confirmed that the U.S. Bankruptcy Court has approved the sale of approximately 350 Footaction stores to Foot Locker, Inc. for $225 million in cash, subject to certain closing adjustments and regulatory approvals. Foot Locker increased
Ski Systems Help Specialty Sales
Integrated ski systems helped the alpine ski equipment category this season with admirable gains in both specialty and chain stores. In the specialty stores, all integrated ski system sales were up 25% in dollars through February, prompted by average reta
Chain Store SnowSports Sales Up 2.9% for 2004 STD
Overall sales at chain stores were up 2.9% in dollars to $451.8 million for August 2003 through February 2004 as compared to $439.2 million for the same period last season. “This increase in sales can be attributed to healthy gains in apparel accessories
OIA Receives Bi-Partisan Support For Conservation Trust
The OIA has announced that last month, Senators Olympia Snowe (R-ME) and Jon Corzine (D-NJ) drafted a letter to the Chairmen and Ranking Members of the Senate Appropriations Committee and the Subcommittee on Interior. The letter urged the Committee's
Spiegel Will ‘Rationalize’ Catalog Workforce
The Spiegel Group announced that, as part of its ongoing restructuring process, it is taking steps to rationalize its operations, making headcount reductions at its Spiegel Catalog division and its corporate support staff…
Foot Locker to Redeem $150 Million in 5.5% Notes
Foot Locker, Inc. has provided The Bank of New York, as Trustee under the indenture, with notification that it intends to redeem all of its $150 million outstanding 5.5% convertible subordinated notes, effective June 4, 2004.
Under the terms of the notes,
Peter Benjamin is New COO at GBMI
Global Brand Marketing, Inc. announced the appointment of Peter Benjamin to the role of Chief Operating Officer of GBMI. He will be responsible for overseeing all aspects of company operations at GBMI, from the moment an order arrives at GBMI until it is
