Vans, Inc. announced net sales for the third quarter of fiscal 2003 ended March 1, 2003 were $82.1 million compared to $82.2 million in the third quarter of last year. The Company reported a net loss of $9.2 million, or $0.51 per diluted share for the qua
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Huffy Corp. Signs License Deal to Extend Brand to Over 100 Countries
Huffy Corporation announced the signing of Taipei, Taiwan-based Test-Rite International, as Licensee covering over 100 countries in Europe, Asia and South America. Test-Rite is a Global organization specializing in Trading and Retailing with vertical inte
Nike U.S. Re-Alignment Hurts Sales and Earnings
NIKE, Inc. reported revenues for the third quarter ended February 28, 2003 increased 6% to $2.4 billion, versus $2.3 billion for the same period last year. Third quarter net income totaled $125 million, or $0.47 per diluted share, compared to $126 millio
Smith and Wesson Q3 Earnings Plunge on Higher SGandA Costs
Smith & Wesson Holding Corporation reported revenue for the third quarter of fiscal 2003 and 2002 was $24.9 million and $21.6 million, respectively. Resulting earnings per share for the same periods were $.01 versus $.07. Revenues for the nine months end
SIA: Specialty Store Sales Up 7.9% as Average Price Dips
According to the SnowSports Industries America (SIA) Retail Audit, sales through the end of January at specialty ski and snowboard shops were up 7.9% compared to the same time period last season. In dollars, that translates to $1.32 billion in sales compa
SIA: Snowboard Sales Surge in Chain Stores as Total Sales Slip
Despite the abundant snowfall in many parts of the U.S. this winter, chain store sales were still down 4.6%
for August through January compared to the same period of 2002. In dollars, that translates to $372.2 million in sales so far this year compared t
Spiegel Files For Chapter 11, Secures DIP Financing
The Spiegel Group Monday announced that, in order to address its financial and operational challenges, the company and its principal operating subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in t
adidas-Salomon Rides Golf Growth to Record 2002…
Consolidated net sales for the adidas-Salomon Group grew 7% to reach €6.5 billion ($6.8 billion) in 2002. On a currency-neutral basis, sales were up 11%…
Antigua to Sell Controlling Interest to Ashley NA, LLC
Antigua Enterprises Inc. has entered into an agreement to sell to Ashley NA, LLC common and preferred shares representing a controlling interest in the company for $10.25 million. Ashley NA is owned in common with the Sports Soccer and Lillywhites chains
Thule Nabs Swedish Achievement Award
Thule has been awarded with the Achievement Award 2003 for Corporate Excellence in the “Most Sustained Successful Presence in the U.S. Market” category by the Swedish-American Chamber of Commerce in New York and the Swedish Trade Council in Stockholm…
Dick’s SG 2002 Net Income Jumps 63% on 5.1% Comps Increase
Dick's Sporting Goods, Inc. reported that sales for the year ended February 1, 2003 increased 18% to $1.27 billion from $1.08 billion last year. Comparable stores sales increased 5.1% over last fiscal year. Net income for the year on a GAAP basis w
Confluence Acting CEO Makes it Official
Confluence Watersports recently appointed John
Bergeron as the company's new President and Chief Executive Officer. Bob Sharp has been the acting CEO since May of 2002 and will continue in his position as a principal with American Capital Strategies
Columbia Acquires Mountain Hardwear
Columbia Sportswear Company has entered into a definitive merger agreement to acquire Mountain Hardwear Inc. for aggregate consideration of approximately $36 million, including approximately $30 million in cash and $6 million of debt assumption. The merg
adidas and Louisville Sign Sports Marketing Deal
adidas America and the University of Louisville have reached a multi-year sports marketing partnership. This multi-year sports marketing partnership is an extension of the previous agreement that began in 1998. Terms of the agreement were not disclosed…
Wolverine Signs New Sock License Deal
Wolverine World Wide, Inc. has entered into a new licensing agreement with Iris Hosiery, Inc. of Montreal, Canada, to market Wolverine brand socks in North America…