Prince Sports has has opened a state-of-the-art research and development facility in Trevignano, Italy. Created to form a centralized research and development hub, the new facility will serve as a fully integrated part of the business process and will foc
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Johnston Joins Canari Cyclewear
Canari Cycle Wear announced the appointment of James S. Johnston as General Manager of Canari. Johnston, a 28-year veteran of the performance sports apparel industry, will take up this newly created position at Canari's headquarters in Vista, CA…
LiquidGolf Holding to Acquire Best Value Golf
LiquidGolf Holding Corporation announced the execution of a Letter of Intent to acquire Best Value Golf Inc., the parent company of golfgods.com…
NRF Report Shows 6.0% GAFS Gain in July
According to the National Retail Federation, July retail sales in the GAFS category increased 0.8% seasonally adjusted from June, and rose 6.0% from the same period last year. Sporting goods, Internet and catalog retailers joined hobby, book and music st
Delta Apparel Fiscal Q4 Sales Off15%, Earnings fall 59%
Delta Apparel reported fiscal Q4 net sales decreased 15.3% to $36.8 million, when compared from the prior year quarter. Net earnings for the quarter were $1.6 million, down from $3.9 million in the year-ago period. Sales for the year ended June 28, 200
Oakley Establishes Annual Dividend Policy
Oakley, Inc. announced that its Board of Directors had initiated an annual dividend policy and declared the Company's initial regular annual cash dividend of $0.14 per share, payable October 31, 2003, to shareholders of record at the close of busines
Sport Supply Group Q2 Earnings Fall as Sales Dip 3.0%
Sport Supply Group announced net income before cumulative effect of accounting change for the quarter ended June 2003 fell 45.2% to $115,000 compared to $210,000 for the quarter ended June 2002. Net sales for the quarter dipped 3.0% to $26.0 million. In
Next Inc. Taps Howard for Top Sales Slot
Next, Inc. has appointed Stan Howard to the position of Vice President Sales and Marketing for the company. Mr. Stan Howard, through the acquisition of Lil Fan Inc and affiliates by Next, has added significant customers and product lines. Mr. Howard has
Sun Ice Withdraws Acquisition Plan
Sun Ice Limited and the company set up to take it private have jointly announced that the plan to execute the transaction has been withdrawn. The purchasing company was set up as a holding company wholly-owned by Sylvia Rempel, the President, CEO and Cha
Tropical Sportswear Board Cleans House in the Executive Suite
Tropical Sportswear has terminated the employment of Christopher B. Munday, the former President and CEO, N. Larry McPherson, the former EVP and CFO, and Gregory Williams, the former EVP and General Counsel, each effective August 15, 2003. Michael R. Mit
THC Turns in Positive First Half Results…
The Hockey Company Holdings Inc. reported net income for the second quarter came in at $4.4 million, or 54 cents a share, compared with a year-ago loss of $300,000, or 5 cents a share. Gross margins improved 130 basis points to 46.7%. Net sales increase
Top-Flite Can Use Cash for Lawyers…
Top-Flite Golf Co. received bankruptcy court permission last week to use cash that is collateral for secured debt to fund its Chapter 11 restructuring. The company’s unsecured creditors has challenged the company’s move to use the collateral, contending
Clash of the Titans… The Ongoing Saga Continues…
The speculation of Nike and Foot Locker getting back together may seem logical based on the hit both companies have taken in their respective sales numbers of late, but in its recently filed 10-K report for fiscal 2003 Nike gave no hint that it sees the r
As Nike Inks Another U.K. Soccer Deal…
In other news from Nike, the company has extended its partnership with another major soccer icon as it inked a long-term apparel manufacturing deal with London soccer club Arsenal. The seven-year deal, reportedly worth £55 million ($88.5 million), will r
Specialty Quick Hits
There’s more good news for snow sports; Bogner and Phenix are teaming up; After failing to get EPA approval on its BugAway Ex Officio and Orvis Filanny Get It Right…; Crank Brothers beefs up its U.S., European, and Canadian Distribution; Transcend re-la
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