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NRF: Retailers Say Bush Tax Cut Will Create Jobs

The National Retail Federation praised the tax cut bill signed into law Thursday by President Bush, saying the measure will boost the economy and create jobs.
“This tax-cut plan establishes a sound, three-pronged approach that will increase consumer sp

Precor Opens Japan Operations

Precor has expanded its operations into Japan, with new offices in Tokyo and Osaka. The offices are located within existing Amer Sports offices, where Precor division manager Koji Akiya and his team are working closely with Amer finance and operations re

It’s All In The Timing…

Federated Department Stores has decided to broaden the use of the venerable Macy’s nameplate throughout the company’s multitude of department store brands. Initially slated for Atlanta and the merger of the Rich’s and Macy’s group there, the largest depa

Phoenix Footwear to Acquire H.S. Trask

Phoenix Footwear Group, Inc. has signed a letter of intent to acquire H.S. Trask & Co., a Montana-based designer of men's casual boots and shoes. The transaction consideration consists of cash and Phoenix Footwear stock. Under the terms of the tran

Fila Goes Deep with Bonds Deal…

Fila has extended its endorsement agreement with baseball star Barry Bonds through 2006. The deal extends the company’s relationship with the future Hall of Famer through 2006 and supports it continued commitment to the cross training category…

Escalade Keeps the Deal Flow Going…

As K2 and Russell push back from the table to digest their recent acquisitions, the consolidation wave in sporting goods continues unabated as Escalade Sports moved last week to acquire the assets of North American Archery Group LLC out of bankruptcy cour

SIA: Specialty Store Sales Rose 7.1% for Season

Overall sales for the entire winter sports market increased by 4.1% in dollars to $2.2 bn compared to $2.1 bn in 2002 for the season according to the SIA Retail Audit. Sales at specialty ski and snowboard shops through the end of the season were up 7.1%

SIA: Chain Store Sales Were Down 5.1% for 02/03 Season

Chain store sales were down 5.1% for the 2002/03 winter sports season (August through March) compared to the same period in 2002. In dollars, that translates to $487.6 million in sales compared to $513.7 million in 2002. The unit sales tracked 10.5% beh

Head Q1 Sales Dip Leads to Widening Loss

Head N.V. announced net sales decreased 1.7% to $73.6 million. The net loss increased 177% to $9.9 million for the three months ended 31st March, 2003. Sales in the Winter Sports division jumped 38.0%, Racquet Sports sales fell 10.1%, Diving was down 11