Pacific Sunwear of California Inc. becomes the first national retailer to launch the new Hurley footwear line. The shoes are available in PacSun stores and online.
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Physical Education Gets A Boost From Congress
Physical education gets the nod on Capitol Hill! Congress has finalized a 20% increase in funding for the Physical Education for Progress (PEP) program. This funding, part of the omnibus spending act, was expected to be approved this week…
Coleman Licenses Name for Storage Products
O'Sullivan Industries Holdings, Inc. announced a strategic licensing agreement between O'Sullivan Furniture and The Coleman Company, Inc. that grants O'Sullivan a license to use the Coleman brand on a new line of storage products called Col
SIA: Hard Goods Sales Up 43.8% in Chain Stores
Chain store sales for snow sports equipment and apparel were up 2.2 percent for August through December compared to the same period of 2001. In dollars, that translates to $293.9 million in sales so far this year compared to
$287.6 million in 2001. The u
Tachikara Renews Longtime Partnership with the NAIA
Continuing a 24-year relationship, Tachikara USA, Inc., has extended its status as The Official Volleyball Supplier of the NAIA under terms of a new five-year agreement effective until December, 2007…
Oakley 2002 Net Income Down 19.6% as Sales Increase 14%
Oakley, Inc. announced total 2002 net sales increased 14% to $489.6 million, fueled by a 19.2% increase in U.S. net sales to $254.0 million, including a 267.1% increase in Oakley's retail store sales to $32.6 million. International net sales increase
Delmore Brothers Join Hilfiger Footwear; Dugan Signs On for Chicago
Courtney Delmore & Trevor Delmore, who are credited with developing and launching the footwear strategy for FUBU in the U.S., have joined the Tommy Hilfiger Footwear team and will handle sales in the Northeast Corridor from New Jersey through New England.
Footstar Rapidly Expanding Wal-Mart Partnership
Footstar, Inc. announced that it has reached an agreement with Wal-Mart Stores, Inc. to supply Thom McAn family footwear for up to 1,500 Wal-Mart stores, including the original 300 stores that began selling Thom McAn in October 2002…
Gildan Fiscal Q1 Profits Jump 107% on 16% Sales Growth
Gildan Activewear Inc. reported net earnings rose 107% to $5.8 million for the quarter ended December 29, 2002, or $0.20 per diluted share, up 100% from the first quarter of fiscal 2002. Sales for the first quarter were $102.3 million, up 15.9% from $88.
Deep Discounts Mean Retail Stores Feel Pain
Laurie Gilbert traveled down from Freeport Tuesday to look for socks at the Maine Mall. She ended up finding sales she couldn't refuse, and walked away with some compact disks and a pair of shoes — as well as the socks that initially drew her to
Saks Inc. January Comps Decrease 2.1%
Retailer Saks Incorporated announced that comparable store sales for the four weeks ended February 1, 2003 compared to the four weeks ended February 2, 2002 decreased 2.1% on a total company basis. By segment, comparable store sales were flat for SDSG and
AAMI Signs Agreement with Nations Best Sports
American Ammunition, Inc. has announced that it has been approved as a vendor for Nations Best Sports assured payment program, which guarantees payment of all its individual members…
Department Stores Reinvent Themselves in Effort to Remain Relevant
Wider aisles, centrally located cash registers, and new brands greet customers of Sears, Roebuck and Co. The Hoffman Estates, Ill.-based merchant is one of many retailers reeling from recession and hoping to turn things around this year…
adidas Net Income Growth Slowing in 2003…
adidas-Salomon AG reported that sales for 2002 grew 11% on a currency-neutral basis exceeding $7.04 billion (€ 6.5 billion) for the year. Net income rose 10% to $248 million (€ 229 million), or $5.46 per share, up from $4.98 per share in 2001. Currency
Cannondale Gets New Life – For Now…
Cannondale filed for Chapter 11 bankruptcy protection in U.S. Court last week, pointing to losses in its motor- sports division that inhibited the company's ability to make future investments…