Variflex shares skyrocketed last week on much higher volume, gaining almost 47% for the week to close at $5.55 on Friday. The run-up appeared to be due to the impressive results reported for the company’s fiscal third quarter, with sales jumping over 55%
Results for "M"
E21 Gets USGA Shaft Approval…
The United States Golf Association notified Element 21 Golf Company last week that the company’s scandium shaft technology “conforms to the Rules of Golf”…
GolfGear Doubles Q1 Loss…
GolfGear International Inc. saw net sales in the first quarter rise 44.3% to $545,245, compared to $377,780 for the same quarter last year. The company had a net loss of $502,601 in Q1, compared with a $240,290 net loss in the year-ago period. The full
Kappa Taps New Partners…
BasicNet, the Italian sportswear firm, said its Kappa Spain unit has signed a deal with Spanish sporting goods distributor Proged to distribute BasicNet’s Kappa and Robe di Kappa brands in Spain, Portugal and Andora. Another deal was struck with the new
G-III Sees Q1 Gains on Factory Closure…
G-III Apparel Group reported net sales for the fiscal 2004 first quarter jumped 47.4% to $18.7 million, compared to $12.7 million in the year-ago period. The company narrowed its net loss for the period ended April 30th to $2.6 million, or ($0.38) per sh
Adidas Sees Q3 Pickup in U.S…
The CFO at adidas-Salomon AG hinted on Tuesday that the company expects stronger fourth quarter sales in sales in the U.S. fueled by higher third quarter orders. Chief Financial Officer Speaking at a conference in Frankfurt, CFO Robin Stalker said that t
Oakley Settles Luxottica Suit…
For the second time in less than sixty days Oakley has been able to settle actions taken to protect its XYZ Sunglass Optic Patents. The company last week settled two patent and intellectual property suits that were pending against competitor/customer, Lu
Nautilus Appeals Loss in ICON Action…
The Nautilus Group, maker of the Bowflex fitness machine, will appeal a ruling last week that saw its motion for a preliminary injunction against rival fitness equipment maker ICON Health and Fitness, Inc. denied by the United States District Court in Was
NRF: Retailers Say Bush Tax Cut Will Create Jobs
The National Retail Federation praised the tax cut bill signed into law Thursday by President Bush, saying the measure will boost the economy and create jobs.
“This tax-cut plan establishes a sound, three-pronged approach that will increase consumer sp
Precor Opens Japan Operations
Precor has expanded its operations into Japan, with new offices in Tokyo and Osaka. The offices are located within existing Amer Sports offices, where Precor division manager Koji Akiya and his team are working closely with Amer finance and operations re
Footwear Specialties Int’l Taps Pugh For Regional Sales VP
Footwear Specialties, Int'l, parent company of Nautilus Safety Footwear, SkidBuster Shoes, and 3rd Watch Footwear, announced today that it has hired industry veteran George Pugh as its Regional V.P. of Sales – Midwest, which is a new position…
Russell Sells Off Southern Athletic Brand to LandL Group
Russell Corporation has sold the SOUTHERN ATHLETIC trademark and related assets The L&L Group, which has licensed the brand since May 2002. The L&L Group, privately held and formed in 1948, owns Foremost Athletic, L&L Concession Co, Reach Athletic, and U
Sporting Goods Sales Reach $45.8 Billion in 2002; NSGA Expects 2% Growth in 2003
Retail sales of sporting goods, which reached $45.8
billion in 2002, are expected to grow 2% in 2003, according to the National Sporting Goods Association (NSGA). For 2003, sales of athletic and sports equipment, shoes and clothing are forecast to reach $
GolfGear Q1 Loss Widens as Sales Increase 44%
GolfGear International Inc. reported net sales of $545,245 for the first quarter of 2003, a 44.3% increase over the $377,780 recorded for the same quarter last year. the company had a net loss applicable to common shareholders of $502,601 for the quarter
Airwalk Parent Shuts Down Sales Org; Will License Brands
TARE7, parent company to the airwalk® (including genetic® airwalk skateboarding) and andy mac™ skate brands, and licensee for the ALPHANUMERIC™ footwear and ripzone® outerwear brands, announced that the company plans to pursue strategic licensing partners