Cutter & Buck has established a $35 million line of credit with Wells Fargo & Company. A new, broad-based relationship between the two companies also includes a number of financial services, such as providing funding support for the company's Seattle
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Skechers Counter-Sues Britney Spears
Skechers USA, Inc. has filed suit against singer Britney Spears and her companies, Britney Brands, Inc. and Britney Touring, Inc. for fraud and breach of contract. The suit, which was filed in federal court in Los Angeles, also charges Ms. Spears with unj
Cutter and Buck Fiscal Q3 Loss Widens As Sales Inch Higher
Cutter & Buck Inc. saw its loss for the fiscal third quarter ended January 31, 2003 widen to $9.7 million, or 91 cents a share, compared with a loss of $8.5 million, or 80 cents a share a year ago. Sales rose 4% to $34.6 million…
The Athletes Foot Continues International Expansion
The Athlete's Foot will continue its aggressive growth in 2003 with an emphasis on expansion throughout Europe and the Middle East. This follows a year of strong growth in 2002 despite a sluggish retail market worldwide. In 2002, The Athlete's
Rocky Shoes and Boots, Inc. Director Resigns
Rocky Shoes & Boots, Inc. announced the resignation of Stanley I. Kravetz, a Director of the Company, effective immediately. Mr. Kravetz served on the Board of Directors since the Company's initial public offering in February 1993…
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…
Quiksilver Signs China Joint Venture Deal
Quiksilver, Inc. announced that it has entered into a joint venture with Glorious Sun Enterprises, Ltd. for the opening of retail stores and wholesale distribution of its products in China…
Finish Line Takes Full Advantage of Nike Shift…
The regional managers we spoke with last week were nearly giddy with the way business has grown since the Nike / Foot Locker spat delivered unto The Finish Line key Nike marquee product that until this last quarter resided mainly at its mall competitor’s
Weather Slows Gart Growth…
Gart Sports sees a near-term hit to earnings from its pending merger with The Sports Authority, but the deal may help smooth out the moguls it encountered in its fiscal 2002 fourth quarter sales…
Genesco Loses Out on Athletic Opp…
An over-reliance on softening some casual brands and the lack of a key athletic footwear component conspired to rob Genesco of the growth opportunity other retailers are experiencing in the mall. With athletic footwear now representing 28% of the Journey
Pacific Sunwear Takes to the Street…
Pacific Sunwear has certainly turned the tide in the operations area and is now riding a wave of good fortune thanks to strong merchandising, operational efficiencies and aggressive growth. While many other mall retailers continue to suffer from weak com
Quiksilver Sets Pace for Record Year…
Quiksilver looks to riding much the same wave as PacSun, but with broader appeal beyond the narrow – but deep — teen segment. The company is growing business across all age groups, genders and continents to establish a truly global lifestyle brand with
Russell Consolidates Bike Athletic Ops…
It didn’t take long to start the consolidation of Bike Athletic into the Russell Athletic division of Russell Corporation. RML acquired the venerable sporting goods brand out of bankruptcy in late January and should see full consolidation of operations b
Nike Builds Coalition of the Willing…
Maybe the Bush Administration should enlist the help of Nike to help build a broader U.N. coalition against Iraq.
Nike has rounded up a diverse group of supporters as it goes before the U.S. Supreme Court in its first amendment fight over a California Sup
Ashworth Posts Fiscal Q1 Profits on 32% Revenue Rise
Ashworth Inc. announced consolidated net revenue for the first quarter of 2003 ended Jan. 31, 2003 increased 32.3% to $26.6 million as compared to $20.1 million for the first quarter of 2002. The company reported consolidated first quarter net income of $