Don Ruttenberg to Plead Guilty in JFF Fraud Probe
Don-Allen Ruttenberg, former executive vice president of Just For Feet, Inc. (JFF), has been charged with conspiracy to commit securities fraud, wire fraud, and submitting false statements to the auditors of JFF. Ruttenberg has agreed to plead guilty to
Quiksilver Prevails in Kymsta Trademark Suit
Quiksilver, Inc. has prevailed in its Federal court case against Kymsta Corp. and their claims against Quiksilver and its Roxy trademark. Among other elements, the final judgment also directs Kymsta to refrain from producing any product that is “confusin
Trails.com Hires Rep Force
Trails.com has added five veteran outside sales representatives and groups to represent the company’s flagship retail product, Trail Finder™, to specialty retail stores nationwide. These sales reps allow Trails.com to better manage the growing interest in
Johnson Leaves Russell
Russell Corporation announced that Thomas Johnson has resigned his position as director of investor relations. Johnson will be joining Movie Gallery as senior vice president for investor relations…
Head Q4 Net Income Plunges 77% Despite 19% Sales Gain
Head N.V. reported that net revenues for the fourth quarter increased 19.2% to $161.8 million from $131.8 million in the year-ago period. Net income plunged 76.7% to $1.9 million from $8.4 million in Q4 2002. Net revenues for the year increased 11.3% to
K2 Sees the Model Come Together Quickly…
K2 Inc. has their model in full swing as economies of scale and production efficiencies take hold to help their acquisitions deliver profits sooner than most expected. CEO Dick Heckman feels that K2 “laid the foundation for future growth” in 2003 after c
Huffy Widens Loss; Makes Gen-X Cuts…
Huffy Corporation, on the other hand, is looking to its Service group as a profit center and will make the move this year to consolidate all brand operations under one Sporting Goods division, leaving the company with just two divisions. The company said
THC Rides Weaker Dollar to Strong ‘03…
The Hockey Company Holdings Inc. sees little potential impact to its equipment business in 2004 from a potential NHL work stoppage, but the apparel end of the apparel business would surely take a hit if the league and the players can’t agree on a new col
Reebok Gets into MLB Game…
After missing out on the Major League Baseball deal last August that netted exclusive apparel and headwear deals for seven companies, Reebok International took the next best approach and inked a multi-year deal with MLB to provide footwear for players and
Saucony Puts Focus Back on the Mall Business…
Saucony looks like it is solidly back on the road to recovery after posting its second straight year of positive sales growth. SCNY has certainly turned things around from a rough 2001 when the company posted a loss of $900,000 after sales fell 21% for t
Columbia and Oakley Clean Up Fakes…
Columbia Sportswear recently joined forces with southern Chinese authorities to raid Lianxing Garments Company, located in Zhongshan City, China. The raid is part of an aggressive campaign to stamp out counterfeiters and protect Columbia's unique br
And Heads to U.S. Court in Stripe Fight…
In other adidas news, the company has reportedly filed suit against U.S. Polo Association in the U.S. District Court in Portland for trademark infringement. The suit claims that a USPA shoe is a copy of the adidas Superstar product, but with one less str
Commerce Dept. Confirms Strong Retail Numbers for January…
Retail sales results released by the U.S. Commerce Department show that total retail sales excluding motor vehicles rose 0.9% seasonally adjusted for the January 2004 period versus December 2003 and increased a healthy 6.8% unadjusted year-over-year for J
Velo Enterprise Expands Team Sponsorships
In an ongoing effort to intensify it’s brand communications Velo Enterprise is has identified and signed several teams and athletes for 2004…
Billabong Posts 12.3% Net Profit Gain on 27% US Sales Increase
Billabong International Limited announced a strong result for the first six months of 2003-04, with a sharp rise in offshore revenue and improved operating margins. Net profit after tax lifted 12.3% to $40.6 million. After currency conversion, total group
