Vail Gets Heavenly Relief in Fiscal 2003
Vail Resorts, Inc. reported that the net loss for the fiscal year ended July 31, 2003 was $8.5 million, or a loss of 24 cents per diluted share, compared to net income of $7.1 million, or income of 20 cents per diluted share, for the same period last year
Reebok Signs Stojakovic to Footwear Deal
Reebok has signed a multi-year endorsement agreement with Sacramento Kings' phenom Predrag “Peja” Stojakovic. Widely considered one of the best shooters in the league, Stojakovic is the reigning “NBA All-Star 3 Point Shoot-Out” champion for 2003 and
KHS Offers New Financing Package
KHS and American General Finance (AGF) have joined forces to provide retailers with financing for their customers for the purchase of KHS and/or Free Agent Bikes…
Everlast Q3 Net Income Falls 75% on 4.9% Sales Decline
Everlast Worldwide Inc. reported net sales declined 4.9% to $16.1 million for the third quarter ended September 30, 2003, compared to $16.9 million in the year-ago period. Net licensing revenues increased 14.8% to $1.6 million vs. $1.4 million in the 200
Solidarity Fund To Sell 2.5 Million Gildan Shares
Gildan Activewear confirmed that the Solidarity Fund QFL had informed the Company of its intention to sell, in an orderly manner, its entire equity position in Gildan, amounting to close to 2.5 million class A subordinate voting shares…
Payless Swings to Q3 Loss on 1.4% Comp Sales Decline
Payless ShoeSource, Inc. posted a loss of $2.2 million, or $0.03 per diluted share, for the third quarter of fiscal 2003, compared to net earnings of $29.6 million, or diluted earnings per share of $0.43, during the third quarter of fiscal 2002. Company
WaterMark Revamps Management Team
WaterMark announced that Andy Papademetriou has joined WaterMark's management team as vice president of product development. Joe Pulliam has been promoted to executive vice president of business development and will remain at the Easley, S.C. facilit
Schoeller Opens New Korean Office
Schoeller Switzerland is opening a new office in Korea at a ceremony on October 10 in the Grand Hyatt Hotel in Seoul. In an effort to increase the company’s support to the very important and fast growing Korean market, this new facility will serve as a ma
True Temper Ride Steel Shafts to 53% Q3 Profit Gain
True Temper Sports, Inc. announced net sales for the third quarter increased 12.1% to $24.7 million from $22.0 million during the third quarter of 2002. Net income for the quarter increased to $2.3 million from $1.5 million in the third quarter of 2002…
adidas Admits to U.S. Missteps, Looks to Future…
As is any twelve-step process to recovery, it’s important first to admit that you have a problem. adidas-Salomon management believes they know what they need to do to fix the weakened U.S. adidas brand business, including a major branding campaign and a
Airwalk on the Auction Block…
In documents obtained by Sports Executive Weekly last week, it was revealed that Airwalk International, LLC has seen its banker — and largest secured creditor — take foreclosure action against the company in an effort to recoup its losses…
Accell Group Predicts 25% EPS Growth
Accell Group N.V. sales of their new bicycle collections are going well and are generating positive results, partly due to the good weather. Earnings per share for the full year are therefore expected to increase by at least 25%, barring unforeseen circum
luluemon athletica to Open New Store
lululemon athletica, the yoga-inspired athletic apparel manufacturer, is pleased to announce the launch of its
Whistler store…
Petzl Hires Bard As Sport Div. Manager
Petzl appointed Dale Bard as Sport Division Manager. In his new position, Bard will be responsible for the overall sales direction of the Sport Division, and will work closely with Petzl's marketing department to reinforce Petzl's leadership pos
Backbone Media Adds More Vertibrae
Backbone Media announced a series of new hires to expand its services and to meet growing demand for PR in the outdoor, fitness and lifestyle markets. Julie Oldham, formerly the Associate Publisher at Climbing Magazine, has joined the team to lead the Med
