Nugent Tapped to Head Ex Officio Merchandising
Ex Officio carved out a new senior management position focusing on merchandising and design. Pat Nugent will head up the overall product and inventory strategy, including management of product development, agent relationships, manufacturing strategy, and
GloTech Sponsors Courier Championship
GloTech Industries announced that it will sponsor the North American Cycle Courier Championships in Washington DC on August 1-3, 2003.
Russell Promotes Flowers to Human Resource SVP
The Board of Directors of Russell Corporation announced that Ed Flowers has been elected senior vice president of human resources. Flowers, who joined Russell earlier this month, will be responsible for the overall human resources function for the Corpor
Nautilus Sees Q2 Net Income Plunges 82% on 28% Sales Slide
The Nautilus Group Announces announced second quarter net sales were $100.6 million compared to $140.4 million for the corresponding period last year. Net income during the period was $4.7 million, or $0.14 per diluted share, compared to $25.8 million, or
K-Swiss Doubles Q2 Net Income on 50% Sales Gain; Futures Up Over 80%
K-Swiss Inc. saw net earnings for the second quarter of 2003 increase 108.0% to $12.6 million, or $0.67 per diluted share, compared with $6.0 million, or $0.30 per diluted share, in the prior-year period. Total worldwide revenues increased 49.4% to $111.
Reebok Puts Its Stamp on the Specialty Market…
The award for analyst bad timing has to go to Merrill Lynch who last week downgraded shares of Reebok from BUY to NEUTRAL, citing “the possibility of increased inventory and a growing risk from its increased presence at Foot Locker” as reported by Dow Jon
Rollerblade CEO Sees Upside in Tecnica Acquisition, Market Stabilization…
Tecnica would an obvious challenger to K2 Inc.’s mission to become the world’s largest sporting goods brand as they have proven their own ability to capture and consolidate brands that would now seem to give them a slot as one of the top three hardlines c
Coleman and Fleetwood in License Row…
One report after another came over the newswire concerning Coleman and Fleetwood’s folding R.V. trailer licensing deal. First, Coleman announced they would be terminating their licensing agreement with Fleetwood on May 12th 2003. Next, Fleetwood filed s
The North Face Sees Outdoor Insulated from Retail Downturn…
VF Corp., parent company to The North Face, Eastpak and Jansport is looking to its Outdoor Coalition to post any good news for the quarter after VFC reported that earnings shrunk 15.7% to $74.9 million, or 68 cents per share…
Deckers Latest to See Consumer-Direct Opportunity…
Shares of the parent company to Teva, Simple and Ugg hit a new 52-week high on Thursday before settling down to close at $6.92 on Friday, up 2.5% for the week. The surge was in response to a pretty solid second quarter report that saw sales increase 8.8%
Galyan’s Fills Open COO Role…
The retailer that call itself the “Nordstrom of sporting goods” looked to Bloomingdales instead for a president & COO, a role left vacant since Joel Silverman’s departure in March of last year. Ed Holman was appointed to the post last week after resignin
Fotoball Suitor Makes Non-Cash Offer to Acuire Firm
Fotoball USA Inc. has received a non-cash offer from a third party for the acquisition of the outstanding shares of Fotoball common stock at a price in excess of their current market price…
Luxottica Q2 Retail Comp Stores Sales Off 3.7%
Luxottica Group saw consolidated net sales for the second quarter decline 19.6%, or down 5.2% currency neutral, to €707.0 ($804.0) million verus the year-ago quarter. Consolidated net income for the quarter was €67.7 ($76.99) million and consolidated net
Ross Ups Burlington Bid in Sale Process
Burlington Industries, Inc. announced that the purchase price in its July 25th acquisition agreement with W.L. Ross & Co. LLC had been increased from $608 million to $620.08 million, both subject to various adjustments. The increase resulted from the sale
Wolverine to Acquire Sebago; Forms Outdoor Group
Wolverine World Wide has entered into a letter of intent to acquire the business and select net operating assets of Sebago, Inc. for cash. Additional terms were not disclosed. Sebago will be part of a newly formed outdoor group that will include both Me
