Rocky Shoes & Boots, Inc. announced that it has entered into a letter of intent to purchase certain assets, including finished goods and raw materials inventory, the registered mark GATES and other trademarks and intellectual property, and customer orders
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Oakley Settles Patent Lawsuit with NYX Golf Inc.
Oakley Inc. announced that it has settled a lawsuit for alleged infringement of its XYZ(R) Eyewear Patents, among other things. The parties entered into a confidential settlement agreement, the terms of which were not disclosed, except that the parties d
Federated Inks Private Label Deal with Tarrant
Federated Department Stores, Inc. and Tarrant Apparel Group have signed a multi-year exclusive distribution agreement to distribute American Rag CIE, a new casual sportswear collection for juniors and young men's…
Cherokee Fiscal ’03 Profits Rise 7.4% on 8.0% Sales Gain
Cherokee Inc. reported net revenues for the fourth quarter of fiscal 2003 rose 12.3% to $7.1 million, compared to revenues of $6.3 million in the fourth quarter of fiscal 2002. For the full year ended February 1, 2003, net revenues rose 8.0% to $33.1 mil
NRF Expects Drop in Growth for 2003 Due to War
Retail sales will increase this year at a slower pace than expected as consumers cut back on spending because of the war in Iraq. The National Retail Federation said Tuesday sales will grow 3.8% — a drop from the 5.6 percent the District trade group es
REDA Reports 76% Growth in Fiscal 2002
Privately-owned REDA Sports Corporation announced 7.8% comp year-over-year growth and explosive 76.3% year-over-year growth in FY2002, attributed mainly to the robust sales of Kappa USA, the company’s linchpin proprietary soccer brand…
The North Face Opens First NYC Store
The North Face opened its first New York City store last week. Located at 2101 Broadway at 73rd Street, in the heart of Manhattan's Upper West Side, the new store elaborates on The North Face®'s new retail concept designed to personify the bran
Rodale Sees Turnaround, But Changes Leave Scars
Rodale Inc. said its Men's Health magazine surged in advertising revenue and circulation, reversing recent declines. Runner's World had the highest ad revenue in its history and Scuba Diving put its competition, Skin Diver, out of business.
Debate Erupts over Nike Free-Speech Case
Bickering has broken out in the U.S. Congress over a free-speech case Nike has appealed to the nation's highest court. Oregon's five U.S. House representatives signed a letter last week urging their colleagues to dismiss a petition circulated
Tag-It Pacific Posts 2002 Profit on 38% Sales Gain
Tag-It Pacific, Inc. reported that for the fiscal year ended December 31, 2002, net sales increased approximately $16.5 million, or 38%, to $60.1 million, compared to $43.6 million for fiscal 2001. Earnings per share reached 14 cents per share for the ye
Regional Sporting Goods Retailers Find Niches
Reading a lot these days about physical fitness and health concerns? The sporting goods industry watches fitness levels, activities and trends, too — all with an eye on its own financial health. Sporting equipment is a $65 billion industry at the wh
It’s the Product, Stupid…
With Finish Line CEO Alan Cohen declaring that, “It’s all about the product”, the athletic specialty retailer seemed to put a positioning stake in the ground to “focus on superior product selection and presentation, instead of price”. FINL clearly expect
Like Déjà Vu All Over Again…
Skechers on Friday acknowledged that a Pennsylvania law firm has filed a class action suit against the footwear company alleging violations of the federal securities laws and breach of fiduciary duty…
Converse Delays IPO, But Rolls On…
Converse management has decided to delay the timing of its Initial Public Offering until current global geo-political issues can play out and the market returns to a somewhat normal cycle. The company hasn't launched a pre-offering “roadshow” for in
And Then There Were None…
Benneton Group has finally jettisoned the last of its Benneton Sportsystem brands, inking a deal Friday that will see current Prince management — led by CEO George Napier — partner with Lincolnshire Equity Fund II LP to purchase the former number one te
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