Vegetarians International Voice for Animals filed a lawsuit Wednesday against adidas using a California law intended to protect endangered species. adidas is countering the charge by pointing out that while the company makes shoes using kangaroo leather,
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Kellwood Acquires XOXO Apparel License
Kellwood Company announced it has acquired the XOXO license for sportswear, dresses and intimate apparel from Global Brand Holdings. Kellwood's acquisition of the license is subject to the closing of the sale of the XOXO trademark by Aris Industries
Global Brands Acquires Aris Brands
Aris Industries, Inc. announced Wednesday it has signed a definitive trademark purchase agreement with Global Brand Holdings, LLC (“Global”) providing for the sale of the XOXO, XOXO IN AMERICA AND ABROAD, FRAGILE and LOLA trademarks and related assets for
Escalade Ups Stake in STIGA Parent
Escalade, Inc. has increased its ownership interest in Sweden Table Tennis AB from 37.5% to 50%. Sweden Table Tennis AB owns the STIGA table tennis brand name and is the recognized leader in table tennis design and engineering. Sweden Table Tennis AB repo
Foot Locker Shuffles the Upper Deck
The strength of the retailer’s European business, and the planned growth there, made the resignation of Foot Locker Europe CEO Simon Rider a surprise to many. Foot Locker's major expansion plans in Europe were counted on to offset the weakening US b
NPD Responds to NetRatings Patent Suit
The NPD Group, Inc. announced Monday that it filed its response to litigation brought by NetRatings, Inc., an affiliate of VNU NV. NetRatings alleges that NPD infringes upon a patent, which according to the Complaint covers “a system and method for loggi
Brass Eagle Reports Q1 Loss on 33% Sales Decline
Brass Eagle Inc. reported net sales for the first quarter decreased 33% to $13.4 million versus $20.1 million for the same period last year. For the three months ended March 31, 2003 the Company reported a loss of $226,000 or $0.03 per diluted share, comp
Spiegel Gets DIP Financing Final Approval
The Spiegel Group announced that it has received final Bankruptcy Court approval for the full amount of its $400 million senior secured debtor-in- possession (DIP) financing facility…
Escalade Sports Renews Labor Union Contract
Escalade Sports, a wholly owned subsidiary of Escalade, Inc., announced its union employees have ratified a new three-year labor agreement at its Evansville manufacturing facility. The successful negotiation of this agreement ensures there will be no disr
Russell Q1 EPS Up 38% on 6% Sales Gain
Russell Corporation reported fiscal 2003 first quarter net sales of $228.0 million, a 6% increase over the comparable period last year. The company also reported earnings per diluted share of $.11, a 38% increase over the comparable period last year, whi
adidas Q1 Hit by Weak Dollar; U.S. Backlog Heading Lower
adidas-Salomon reported sales for the first quarter ending March 31, 2003 increased 2% to €1.67 bn ($1.8 bn). On a currency-neutral basis, sales grew 12%. The Group's net income increased 19% to €51 million ($55 million) in 2003. adidas revenues inc
Genesco Warns on First Quarter Sales and Earnings
Genesco Inc. announced that it currently expects to report total sales in the range of $190 million to $192 million for the first quarter ending May 3, 2003, compared to $190.6 million for the same period last year. The company also stated that total sam
Aldila Q1 Loss Narrows on 10% Sales Decline
Aldila Inc. net sales for first quarter fell 10.5% to $10.2 million as the net loss narrowed 15% to $169,000 ($0.03 per share) for three months ended March 31, 2003.
Saucony Doubles Q1 Profits on 12% Sales Gain
Saucony, Inc. announced net sales for the first quarter of 2003 increased 12.3% to $39.1 million compared to $34.8 million in the first quarter of 2002. Net income increased 100% to $2.6 million, or $0.42 per share on a diluted basis, compared to net inco
Aussie Apparel Adds Canadian Distributor
Aussie Apparel Group Ltd. announced that it has engaged NRI Distribution Inc. of Kamloops, British Columbia to handle the distribution of Aussie Apparel's Hot Tuna and Xisle brands in Canada. Aussie Apparel also announced that it has hired two new s