The Russell Corporation board of directors has approved a proposal to change the Company's state of legal incorporation from Alabama to Delaware. The reincorporation proposal will be submitted for consideration at Russell's annual meeting of sha
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Johnson Outdoors Swings to Fiscal Q1 Profit on 15% Sales Increase
Johnson Outdoors Inc. said that increased net sales and improved operating profits were driven by the continued strength of its Motors business and military tent sales. JOUT saw net income 0f $160 million, or 2 cents per diluted share for the fiscal Q1 e
Deckers Inks Ugg Handbags License Deal
Deckers Outdoor Corporation has entered into a license agreement for handbags and small leather goods bearing the Ugg brand in the United States. Under the terms of the agreement, Jacobs & Leslie Hsu Designs, a designer and distributor of high-end handbag
Intrawest Chooses Burton
Intrawest Corporation has selected Burton Snowboards as the official supplier of snowboard rental equipment to its 10 mountain resorts, including North America's most popular mountain resort, Whistler Blackcomb, B.C., and Stratton Mountain, VT, the b
The State of the Industry 2004: Does it Really Have to Decline Like This?
SGMA International released their annual State of the Industry report at the recent Super Show in Orlando, and once again focused on the “positive developments” for the industry despite a year of negative growth…
Acushnet Golf Sees Double-Digit Growth Trend Continue; Builds Share…
Fortune Brands reported that the Acushnet golf division delivered its third consecutive quarter of double-digit sales growth in the fourth quarter of 2003, rising 12.8% to $192 million from $192.8 million in Q4 2002…
Dodge Latest Casualty in Ex-JFF Fiasco…
The old Just for Feet claimed its latest victim in the form of Steve Dodge, the former VP of footwear sales for Converse. Dodge was more recently VP/GM of Tecnica’s Outdoor & Winter Footwear division…
NSGA Report Shows Continued Footwear Price Declines in 2003…
NSGA previewed some of its data from its annual report due that is due out in May. One element of The Sporting Goods Market in 2004 that measures the average retail selling price across 24 categories of footwear shows a slight dip is ASP in 2003 versus 2
USOC and Nike in New Sponsor Deal…
The news just keeps getting better for adidas-Salomon in the U.S. as Nike and the U.S. Olympic Committee announced last week that Nike would replace adidas as an official sponsor and licensee of the U.S. Olympic and Paralympic Teams commencing after the d
The Industry Wins One on the Hill…
The Carol M. White Physical Education for Progress program passed through Congress with a 15% increase in funding as part of an omnibus spending bill. For this year, $69 million has been allocated to the program, which provides grants to public schools,
Two in a Row for Precor…
The Precor division of the Amer group has finalized a deal which will bring ClubCom, a provider of private television networks to clubs and fitness facilities, into the Precor corporate structure. ClubCom operates in two separate divisions – ClubCom, and
Galyan’s Issues Warning on Q4 and Full year Results
Galyan's Trading Company, Inc. issued a warning on its results for fourth quarter and full fiscal year on Tuesday. GLYN now expects a comparable store sales decrease of approximately 4.7% for the fiscal fourth quarter versus a previously estimate o
Life-Link Reports Increased Backcountry Sales
Life-Link International, manufacturers of Life-Link Backcountry gear and distributors of Dynafit Alpine Touring gear report a very strong category sales increase in Winter 03/04 over Winter 02/03. Due to the growth of Backcountry skiing, snowboarding, ba
Descente to Distribute Cutter and Buck in China
Cutter & Buck Inc. announced a license agreement with Tokyo-based Descente Ltd., under which Descente will have exclusive rights to distribute Cutter & Buck apparel in China, Hong Kong and Macao. This license adds to the existing relationship under which
Dodge Latest Casualty in Just for Feet Fiasco
Just for Feet has claimed its latest victim in the form of Steve Dodge, the former VP of footwear sales for Converse. Dodge was most recently VP & General Manager of Tecnica’s Outdoor & Winter Footwear Division. The criminal complaint alleges that Dodge
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