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Clash of the Titans… The Ongoing Saga Continues…

The speculation of Nike and Foot Locker getting back together may seem logical based on the hit both companies have taken in their respective sales numbers of late, but in its recently filed 10-K report for fiscal 2003 Nike gave no hint that it sees the r

Outdoor Industry Vets Found New Sourcing Company

Two prominent veterans in the outdoor and active apparel industry, Jim Heiden and Mike Costa, announced today that they have joined forces to launch InterSource LLC, an international sourcing company specializing in knits and woven apparel…

Close-Outs Dominate the Action at WSA…

We just knew what kind of show WSA was going to be when the first people we ran into in the aisle was an executive team from one of the country’s largest family footwear chains and they had their CFO with them — and he brought his calculator with him…

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

Fleet Feet Names 2003 Award Winners

Fleet Feet, Inc. presented a number of awards at their annual National Franchise Conference in Boston July 13-16. The Brand Builder award went to Fleet Feet Syracuse and Fleet Feet Cincinnati was named Rookie of the Year. Brooks was again named the reta

Fotoball Sees Q2 Loss as Sales Cut Almost in Half

Fotoball USA Inc. reported net sales for the second quarter of 2003 were $7.5 million with a net loss per diluted common share of ($0.02) versus second quarter of 2002 net sales of $14.3 million with a net income of $0.12 per diluted common share. The co

Here Comes That Upstream Inventory Effect…

We speculated just a few weeks ago (SEW 0325) about the effect the apparent climb in Q1 retail inventories would have on results for the vendors as we moved into the calendar second quarter. After reviewing the first of the vendor Q2 reports released this

…As adidas Throws Its Hat in the Ring…

Callaway CEO Ron Drapeau said Thursday that the Top-Flite acquisition is the “preferred solution to help eliminate the losses in the ELY ball business, but “not the only option”. He may have to look at those other options if adidas is able to convince th

Who Wants to Be a Billionaire…

Callaway’s proposed acquisition of Top-Flite, once completed, would see Oaktree Capital Management entirely divested of the former Spalding Sports business it took control of in April 2002. Earlier this year, Oaktree sold the company’s Etonic golf shoe d

Raider Takes 5% Stake in Perry Ellis…

When Perry Ellis International, the Florida-based apparel company that owns Jantzen and holds licenses for Nike swimwear and Ping apparel, purchased the Salant Corporation in June, it also got another famous name of dubious distinction when it closed the