<p>Shoe Carnival was plagued by slower traffic in the second quarter, as slow-moving seasonal product – notably sandals – forced the retailer to increase promotional activity to liquidate the goods. The result was narrower margins and lower comp store resul</p>
<p>The 50% shareholder of Lotto SpA stock, Enerlux S.A., has seen 45% of their shares transferred from Roberto Danieli to Andrea Tomat, Adriano Sartor and Gianni Lorenzato, who together already had a 55% control over the company…In other news, Lotto is pul</p>
<p>Brown Shoe Co. will continue to invest heavily in the turnaround at Famous Footwear. While traffic and sales were sluggish at the company’s family footwear unit, operating profits jumped more than 88% for second quarter as gross margin improved 200 basis</p>
<p>Oakley and The Hockey Company have been wrapped up a court dispute over the Jofa “Image” protective hockey visor. Oakley filed suit against THC on July 31st and applied for a temporary restraining order. The request was denied.<br />
Oakley claims that the</p>
<p>Federal securities regulators have settled fraud charges with the former president of Orange County, CA-based Freedom Surf, Inc. and Cyrus Industries. Raece Richardson, an Australian citizen that ran both companies, agreed to pay $175,000 in penalties to</p>
<p>Raliegh Bicycles is gearing up for a move into the higher-end component and bicycle market; SRAM and RockShox have expanded their “BlackBox” Product Development to include BlackBoxRacing.com; Jet Boil made a stir at the OR show; Aaron Feuerstein is still </p>
<p>The International Organization of Standardization has granted Grivel “14001 certification” for sustainable development…PrAna is joining Patagonia and MEC as the only 3 outdoor clothing manufacturers who use organic cotton…On top of these developments,</p>
<p>Cloudveil has closed on a financing deal with Wells Fargo that will allow the company more freedom as they grow. The credit line was finalized on June 30, 2003.</p>
<p>The new Sports Authority, Inc. reported Q2 results for the Gart portion of the business only, stating that the quarter is a “lost quarter” for the former TSA business. Combined company results for the new Sports Authority will be provided beginning with </p>
<p>Phoenix Footwear Group, Inc. has been assigned a licensing agreement with Ducks Unlimited, Inc., the world's largest wetlands and waterfowl conservation organization, for promotion and distribution of a Ducks Unlimited line of casual men's footw</p>
<p>The Forzani Group Ltd. reported that retail system sales for the second quarter of fiscal 2004 grew 7.5% to C$262.7 million ($183.0 million) compared to C$244.3 million ($156.2 million) for the same period of the previous year. Combined revenues from corp</p>
<p>Published reports late last week indicate that Sonny Vaccaro, adidas’ director of basketball, has resigned from the company. The move furthers impacts the floundering adidas basketball program that has lost quite a bit of share to resurgent Reebok and ot</p>
<p>After recently changing the distribution strategy in Germany, Be One Bikes signs an agreement with Orange Sport Supply Inc. for the exclusive distribution of Be One Bikes in Canada…</p>
<p>According to <i>SGMA International</i>’s analysis of data from the U.S. Commerce Department, sporting goods imports for the first half of 2003 compared to 2002 increased by 8.8% . In 2002, imports had declined by 1.5% compared with 2001…</p>
<p>Beginning early next year, Cannondale will begin outsourcing the production of its cycling apparel and accessory lines. The move will allow the company to focus its Bedford, Pennsylvania factory exclusively on bicycle manufacturing…</p>
