New Era Rolls Out Exclusive Hatworld/Lids Program
New Era Cap Co. announced the rollout of its exclusive national partnership with HATWORLD/LIDS for the year-long 59FIFTYat50 campaign. The partnership between New Era and HATWORLD/LIDS represents exclusive product launch opportunities during the 59FIFTYa
Michael Jordan Kicks off China Tour
According to a release from Nike's Jordan brand, Michael Jordan will make a “rare trip” overseas on a four city tour of Asia where he will “inspire youth and fans by reinforcing the importance of excellence in every endeavor”. Making stops in Beijing
Apparel a Bright Spot for adidas-Salomon…
adidas-Salomon saw a sizable gain in its gross margin overshadow sales declines across most regions and brand groups to help the company post a 41% increase in net income for the first quarter of 2004. The company pointed to the impact of foreign currency
Reebok First FLA Accredited Company…
The board of directors at the Fair Labor Association have named Reebok as the first FLA company to have a program accredited. Reebok’s footwear factories underwent an extensive review process which examined the company’s independent factory monitoring pr
Schutt Sports Back on Base with the SEC
Schutt Sports, the Official Base Supplier of Major League Baseball, is partnering with the Southeastern Conference for their 2004 baseball and softball tournaments. Now in its sixth year of involvement with the SEC, Schutt supplies on-field products for
FX Rate Both Curse and Benefit to THC…
Despite a solid sales increase and gains in the gross margin line, The Hockey Company swung to a loss in the first quarter, due primarily to extraordinary expenses and foreign exchange losses on long-term debt…
North America Weakness Drags Salomon into Negative Territory in the First Quarter…
adidas-Salomon saw a sizable gain in its gross margin overshadow sales declines across most regions and brand groups to help the company post a 41% increase in net income for the first quarter of 2004. Gross margin gains due to FX rate benefit and owned-
SGMA Board Elects Cove EVP; Will Succeed Riddle
The SGMA board has elected Tom Cove as Executive Vice President for the association, a new post within SGMA management's structure. Cove will subsequently assume the presidency of SGMA International on February 1, 2005. The move is part of a succes
Cramer Jumps into P.E. Business with Both Feet…
Cramer Products had to make the decision to either build or sell when it came to its PE products business, but the company’s decision to pursue the latter actually led to an acquisition that supports the first option. Cramer will definitely grow its PE b
LaCrosse Sees Q1 Upside from Production Outsourcing…
LaCrosse Footwear posted a 19.4% jump in first quarter 2004 sales, recording $23.7 million in revenue for the period compared to $19.9 million for the first quarter of 2003. Sales of Lacrosse brands increased to the retail channel in the quarter and Dann
Eggers Makes Athlete’s Foot EVP/GMM Post Official
Industry veteran Chuck Eggers has been appointed Executive Vice President and General Merchandise Manager of The Athlete's Foot. This follows an announcement in September 2003 that Eggers had joined the organization as interim GMM…
Sport Haley Settles Securities Suit…
Sport Haley announced that a class action securities lawsuit that was originally filed in October of 2001 has been settled. The company, Kevin Tomlinson, Robert G. Tomlinson and Robert W. Haley were all named as defendants. The settlement says that Spor
Garmin’s Q1 Margins Hurt by Chip Costs…
Garmin's revenue for first quarter of the year increased 28% to $158.3 million from $123.8 million in the year-ago quarter. Gross margins fell 950 bps to 50.8% for the 2004 first quarter compared to 60.3% last year. SG&A expenses were reduced 40 ba
Thule Taps Houseman for Regional Sales Manager Post
Thule has announced the hiring of Mark Houseman as the Southeastern Sales Manager. In the newly created position, Houseman will be responsible for managing Thule's southeast sales force, including IBD, outdoor/ ski, and automotive sales representati
Gildan Out of Powder for the Back Half…
Gildan Activewear is backing off its previous earnings forecast for its fiscal year due to capacity constraints and lower inventories. It appears the company raided the warehouse in the first of its fiscal year and sold more units at lower prices to meet
