K-Swiss Terminates National Geographic Deal
K-Swiss Inc. has announced it has agreed with National Geographic to end their license agreement to develop and market a collection of National Geographic outdoor-oriented and casual footwear. The company had previously accrued $4.3 million for anticipat
Callaway Sees Top-Flite Drag in 2004…
Callaway Golf Company announced that sales and earnings estimates for 2003 will be in line with previous estimates and will include about $25 million in pre-tax integration costs that are expected to put diluted earnings per share in the 65 cents to 67 ce
Brown Takes on Bass; Diane Sullivan Appointed President…
The deal that will see Brown Shoe Company acquire the license for wholesale footwear for the Bass brand from Phillips-Van Heusen Corp. will have far-reaching implications for the storied brand’s hometown in Maine and bring the long-time footwear executive
Federated Names New Burdines President and COO
Federated Department Stores, Inc. has named Nirmal K. “Trip” Tripathy as president and chief operating officer of its Miami-based Burdines division, effective immediately. The position of Burdines president/chief operating officer has been vacant since Mi
Vans’ Fiscal Q2 Loss Widens 46.4% as Revenues Increase 10.4%
Vans, Inc. saw net sales for the second quarter of fiscal 2004 ended November 29 for the base business increase 10.4% to $63.4 million, compared to $57.4 million for fiscal Q2 2003. Company-owned comp store sales increased 15.2%. The net loss during th
SEC Sues Three Genesco Execs for Fraud; Company Settles
The Securities and Exchange Commission filed suit Tuesday alleging that three Johnston & Murphy division executives, one current and two former employees, fraudulently reported 2001 sales results at year-end. The suit claims that the three, former J&M di
Accell Appoints New COO
Accell Group N.V. is pleased to announce that the Supervisory Board intends to appoint Mr J.M. Snijders Blok as a new member of the Board of Management of Accell Group N.V. in the position of Chief Operating Officer. As C.O.O., he will be the director res
DOT Clears Kris Kringle’s Flight Plan
Kris Kringle, d.b.a. Santa Claus, got the green light today from the U.S. Department of Transportation (DOT) to engage in air travel to various points throughout the United States the night of Dec. 24-25…
KSA Taps New Principal for NA Retail Ops Practice
Michael J. Brown has joined global management consulting firm Kurt Salmon Associates as a Principal in its
North American Retail Operations Practice. Mr. Brown began his retail career with Federated Department Stores' A&S division, where he held
Jon Epstein Pleads Guilty in Just for Feet Fraud Case
The industry has been buzzing ever since new Fila parent, Sport Brands International, made it public last week that CEO Jon Epstein had resigned for “personal reasons”.
The former CEO has agreed to plead guilty in a fraud investigation of the Just For Fee
Play it Again Parent Makes Franchise Mgmt Promotions
Winmark Corporation, the parent company for Play it Again Sports, has announced the promotion of Rebecca J. Geyer to the position of Vice President of Franchise Management and Steven A. Murphy to the position of Vice President of Franchise Management…
K2 Inc. Approaches Billion Dollar Business in 2004
K2 Inc. is forecasting fiscal year 2004 sales of approximately $920 million and earnings per share in the range of 92 cents to 94 cents based on assumed outstanding shares of 34.4 million as of December 31, 2004. For fiscal year 2003, K2 reconfirmed its
Nike Trounces U.S. Street Estimates on Stronger U.S. Business
NIKE, Inc. reported revenues for the fiscal second quarter ended November 30, 2003 increased 13% to $2.8 billion, versus $2.5 billion for the same period last year. Net
income totaled $179.1 million, or $0.66 per diluted share, compared to $152.0 million,
Quiksilver Fiscal Q4 Earnings Up 43% on 37% Sales Jump
Quiksilver, Inc. announced consolidated revenues for the fourth quarter of fiscal 2003 ended October 31, 2003
increased 37% to $269.2 million as compared to Q4 2002 revenues of $196.1 million. Consolidated net income for increased 43% to $17.4 million, o
Sorel Inks Sock License Deal with Crescent Hosiery
Sorel, a division of Columbia Sportswear Company has signed a North American license agreement with Crescent, Inc. for the design, manufacture and marketing of men's, women's and children's socks. The Sorel branded sock collection will be a
