Head NV saw growth across most divisions in Q4, with only Diving showing a decline, but net income took a plunge for the quarter and the net loss for the year widened almost six fold. Head again benefited greatly from its reporting format in U.S. dollars,
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Deckers Diversifies Brand Portfolio as Ugg Gains Strength…
Deckers Outdoor Corporation is going to sell about 1.5 million additional DECK shares into the market on top of roughly two million shares that will be sold by company management and board members, including chairman and CEO Doug Otto. The proceeds from
REI 2003 Net Up 17%; Sales Up 9.5%…
REI reported that operating income for full year 2003 increased over 17% to “more than” $56 million from $47.6 million in 2002. The co-op posted $19.1 million in net income – an increase of more than $3 million or around 19% from the previous year…
FUBU Parent Goes Euro in Kappa Deal…
As the liquidation of the assets of the former Reda Sports company continues, Basicnet S.p.A, the Italian firm that owns the Kappa and Robe di Kappa trademarks has found a new partner in the U.S. to carry on the Kappa name as a licensee. While Reda posit
VF Outdoor Get New Chief; Lay Gets All Jeanswear Businesses…
VF Corporation shuffled the deck in the executive suite last week, moving around the deck chairs in efforts to match up their business units under umbrellas that make sense. The Outdoor Coalition, which includes the Eastpak, Jansport and The North Face b
Rebel Cashes In on Rugby World Cup
Rebel sport finished their first half on a positive note, posting an 8.1% sales increase from A$143.6 million ($78.1 mm) to A$155.2 million ($101.0 mm). The company was both helped and hurt from the rugby world cup taking place in Australia, as sales rela
Rocky Posts Record Year in 2003…
Rocky Shoes and Boots used its new apparel, extended footwear line, and the acquisition of Gates Gloves to post a 14.2% increase in sales for the fourth quarter of 2003, from $25.6 million in 2002 to $29.2 million this year. Net income increased 34.1% in
Shoe Pavilion Swings to Profit in Q4 Despite Charge
Shoe Pavilion, Inc. reported net income of $24,000 for the fourth quarter ended January 3, 2004, compared to a net loss of $354,000 or ($.05) per share for the year-ago quarter. Net sales increased 7.6% in Q4 to $22.2 million from net sales of $20.7milli
Sport Supply Group to Voluntarily Delist Shares
Sport Supply Group, Inc. announced that it intends to voluntarily terminate the registration of its securities by filing a Form 15 with the Securities and Exchange Commission on March 5, 2004. SSG expects to realize significant cost savings as a result o
CW-X Brings in New Rep Force
The Wacoal Sports Science Corporation, makers
of CW-X Performance Conditioning Wear, have hired several new independent sales groups and sales representatives, expanding coverage to 46 states. The company now works with a total of 23 representatives fro
VF Announces New Roles For Leaders
Mackey J. McDonald, Chairman and Chief Executive Officer of VF Corporation announced new roles and responsibilities for several members of VF's management team, which are designed to spur and support future growth…
Deckers Announces Stock Sale Plan
Deckers Outdoor Corporation announced that it intends to file a registration statement with the SEC for an underwritten offering of approximately 3.5 million shares of its common stock. The shares expected to be sold in the offering will include approxima
Don Ruttenberg to Plead Guilty in JFF Fraud Probe
Don-Allen Ruttenberg, former executive vice president of Just For Feet, Inc. (JFF), has been charged with conspiracy to commit securities fraud, wire fraud, and submitting false statements to the auditors of JFF. Ruttenberg has agreed to plead guilty to
Accell Group Posts 12% Rise in Sales and 35% Profit Growth
Accell Group N.V. booked full-year 2003 net profit of € 9.2 million ($10.4 mm), a rise of 35% compared with 2002 net profit of € 6.8 million ($6.4 mm). Turnover rose 12% to €289.6 million ($327.8 mm)compared to 2002 turnover of €259.4 million ($245.4 mm)
InterBike Releases Survey Results
Interbike recently conducted a survey of its 2003 attending exhibitors and retailers to gain valuable feedback on the event. Conducted on behalf of Interbike by
International Cycle Works, Inc., the purpose of the survey was to gauge exhibitor and attende
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