Vans, Inc. saw net sales for the second quarter of fiscal 2004 ended November 29 for the base business increase 10.4% to $63.4 million, compared to $57.4 million for fiscal Q2 2003. Company-owned comp store sales increased 15.2%. The net loss during th
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Accell Appoints New COO
Accell Group N.V. is pleased to announce that the Supervisory Board intends to appoint Mr J.M. Snijders Blok as a new member of the Board of Management of Accell Group N.V. in the position of Chief Operating Officer. As C.O.O., he will be the director res
DOT Clears Kris Kringle’s Flight Plan
Kris Kringle, d.b.a. Santa Claus, got the green light today from the U.S. Department of Transportation (DOT) to engage in air travel to various points throughout the United States the night of Dec. 24-25…
KSA Taps New Principal for NA Retail Ops Practice
Michael J. Brown has joined global management consulting firm Kurt Salmon Associates as a Principal in its
North American Retail Operations Practice. Mr. Brown began his retail career with Federated Department Stores' A&S division, where he held
Jon Epstein Pleads Guilty in Just for Feet Fraud Case
The industry has been buzzing ever since new Fila parent, Sport Brands International, made it public last week that CEO Jon Epstein had resigned for “personal reasons”.
The former CEO has agreed to plead guilty in a fraud investigation of the Just For Fee
TAF Extends Credit Facility
The Athlete's Foot Stores has received an extension of its $20 million credit facility with Wells Fargo Retail Finance through is through June 2007. This independent facility is secured by the assets of the company-owned stores and will provide work
K2 Inc. Approaches Billion Dollar Business in 2004
K2 Inc. is forecasting fiscal year 2004 sales of approximately $920 million and earnings per share in the range of 92 cents to 94 cents based on assumed outstanding shares of 34.4 million as of December 31, 2004. For fiscal year 2003, K2 reconfirmed its
Callaway to Exceed $1.0 Billion in Current Fiscal Year
Callaway Golf Company has announced that it expects consolidated net sales and fully diluted earnings per share for the year ending December 31, 2003 to be approximately $810 million and between $0.65 and $0.67. For the full year 2004, ELY's current
Sorel Inks Sock License Deal with Crescent Hosiery
Sorel, a division of Columbia Sportswear Company has signed a North American license agreement with Crescent, Inc. for the design, manufacture and marketing of men's, women's and children's socks. The Sorel branded sock collection will be a
Brown Shoe is Licensee for Bass Brand Footwear
Brown Shoe Company, Inc. has reached agreement with Phillips-Van Heusen Corporation for an exclusive, long-term license to design, source and market footwear at wholesale under PVH's well-known Bass label. The arrangement is expected to become effect
Huffy Service Solutions Receives ISO Certification
Huffy Corporation announced that its wholly owned subsidiary, Huffy Service Solutions, Inc. has received ISO 9001:2000 certification for its Quality Management Systems and its Training Process…
Sport-Haley Settles Class Action Suit
Sport-Haley, Inc. has signed a memorandum of understanding to settle the putative class action lawsuit brought against the company and certain officers and directors. SPOR will pay to the class a total of $1,000,000. The settlement amount is expected to b
DeFeet’s Shane Cooper Receives Lone Eagle Award
Shane Cooper, founder of DeFeet International, Inc., has been named one of four North Carolina entrepreneurs to receive the first-ever Lone Eagle Award, presented by AdvantageWest North Carolina, Western North Carolina¹s regional economic development orga
Airwalk Parent to Prevail in Takeover Bid…
The factories that forced Airwalk into bankruptcy last month in a last gasp attempt to stymie an acquisition plan by the company’s parent company have come up short. A federal bankruptcy judge in Denver ruled last week to lift the stay that prevented Sun
Specialty Rules in Pre Season with Sharp Increases Offsetting Chain Store Declines…
According to the preliminary SIA Retail Audit for the first few months of the 2003/2004 winter season, total sales for the winter sports market increased by 3.9% to $314.5 million compared to $302.7 million in 2003. Unit sales were up 6.2%. The report, c
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