The North Face opened its first New York City store last week. Located at 2101 Broadway at 73rd Street, in the heart of Manhattan's Upper West Side, the new store elaborates on The North Face®'s new retail concept designed to personify the bran
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Rodale Sees Turnaround, But Changes Leave Scars
Rodale Inc. said its Men's Health magazine surged in advertising revenue and circulation, reversing recent declines. Runner's World had the highest ad revenue in its history and Scuba Diving put its competition, Skin Diver, out of business.
Debate Erupts over Nike Free-Speech Case
Bickering has broken out in the U.S. Congress over a free-speech case Nike has appealed to the nation's highest court. Oregon's five U.S. House representatives signed a letter last week urging their colleagues to dismiss a petition circulated
Tag-It Pacific Posts 2002 Profit on 38% Sales Gain
Tag-It Pacific, Inc. reported that for the fiscal year ended December 31, 2002, net sales increased approximately $16.5 million, or 38%, to $60.1 million, compared to $43.6 million for fiscal 2001. Earnings per share reached 14 cents per share for the ye
Regional Sporting Goods Retailers Find Niches
Reading a lot these days about physical fitness and health concerns? The sporting goods industry watches fitness levels, activities and trends, too — all with an eye on its own financial health. Sporting equipment is a $65 billion industry at the wh
It’s the Product, Stupid…
With Finish Line CEO Alan Cohen declaring that, “It’s all about the product”, the athletic specialty retailer seemed to put a positioning stake in the ground to “focus on superior product selection and presentation, instead of price”. FINL clearly expect
Like Déjà Vu All Over Again…
Skechers on Friday acknowledged that a Pennsylvania law firm has filed a class action suit against the footwear company alleging violations of the federal securities laws and breach of fiduciary duty…
Converse Delays IPO, But Rolls On…
Converse management has decided to delay the timing of its Initial Public Offering until current global geo-political issues can play out and the market returns to a somewhat normal cycle. The company hasn't launched a pre-offering “roadshow” for in
And Then There Were None…
Benneton Group has finally jettisoned the last of its Benneton Sportsystem brands, inking a deal Friday that will see current Prince management — led by CEO George Napier — partner with Lincolnshire Equity Fund II LP to purchase the former number one te
Hilfiger Lead Growth at Stride Rite…
Stride Rite Corporation saw Q1 2003 net income rise 17% to $8.8 million on solid sales gains for its Keds, Sperry Top-Sider, and Tommy Hilfiger footwear lines. Earnings per share for the quarter ended February 28, 2003 were 22 cents, up from 18 cents fo
Gildan Activewear Announces Consolidation of Sewing Facilities
Gildan Activewear Inc. announced its intention to close its Montreal sewing plant, which currently provides approximately 2% of the Company's overall sewing requirements. The continuing growth in Gildan's integrated sewing production will be sup
Torpedo Sports Posts Fiscal Q2 Loss on 29% Sales Decline
Torpedo Sports USA, Inc. announced overall sales decreased 28.9% to $2.4 million during the quarter ended January 31, 2003, as compared to the quarter ended January 31, 2002. The loss from operations, if you exclude non-cash stock-based compensation, was
Reebok Sees Earnings, Profits Rise, But CEO Gets No Raise
Although Reebok International Ltd. saw its profits rise smartly in 2002, the salary and bonus of chairman and chief executive Paul Fireman remained roughly the same at about $3.08 million, according to a proxy filed Monday to the Securities and Exchang
Oleksyk Takes Top Spot at Pride Golf Products Division
Rick Oleksyk has teed up to take command at Pride Golf Products Division, a Gaithersburg subsidiary of Pride/Softspikes Inc. Formerly known as Softspikes Inc., the manufacturer of plastic golf cleats merged in January with Pride Manufacturing Inc., a Gu
Forzani Group 2002 Profits Up 48% on 20% Sales Increase
The Forzani Group Ltd. announced retail system sales (corporate and franchised stores) for the fiscal year ended February 2nd, 2003 increased 20.2% to $1.053 billion compared with $876.4 million for the year ended January 27th, 2002. Net earnings for the
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