SPORTS EXECUTIVE WEEKLY has confirmed 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
Results for "M"
Slazenger Golf Appoints New President/CEO
Slazenger Golf Products Company has appointed golf industry veteran Chris Daltorio as the new President and CEO, setting forth a new platform that will allow golfers across the nation to have greater access to Slazenger apparel, gloves and balls. Daltori
Rawlings Inks New Five Year NCAA Baseball Deal
Rawlings Sporting Goods announced that it has entered into a new five year agreement with the National Collegiate Athletic Association (NCAA), which designates Rawlings as the official baseball of the NCAA…
Ashworth Fiscal Q3 Profits Up on 5% Revenue Increase
Ashworth Inc. announced consolidated net revenue for the third quarter ended July 31, 2003 increased 5.0% to $38.0 million as compared to $36.2 million for the third quarter of 2002. Consolidated third quarter net income was $2.1 million or $0.16 per dilu
adidas Issues Bonds in Advance of Top-Flite Auction
A report early Wednesday has adidas-Salomon gearing up for the fight for the Top-Flite. Reuters is reporting that adidas-Salomon made its debut in the bond market on Wednesday, issuing 400 million euros ($434 million) worth of debt convertible to around
The North Face Taps Fluid as Interactive Agency
Fluid Inc., a San Francisco-based interactive design and development firm, announced that it has been selected as the interactive agency of record for The North Face, a subsidiary of VF Corporation. Fluid assumed operational responsibility for www.TheNort
Billabong Reports Fiscal Year ’03 Results
Billabong International reported net profit for fiscal 2003 jumped 24.9% to A$76.2 million ($49.6 million) for the 2002-03 financial year. Revenue was up 24% to A$623 ($405.3) million, with approximately 75% of sales coming from outside Australia. U.S s
New Era Cap Renews NBA Licensing Deal
New Era Cap Company has signed a two-year licensing agreement with the National Basketball Association. The agreement, which runs through September 2005, provides New Era with manufacturing and marketing rights in such key product lines as the Hardwood C
Rodale Releases H1 Profits
Rodale continues its strong performance trend for the first half of '03, it was announced today by Steve Murphy, President and CEO of Rodale Inc. The first half of '03 was up an additional 14 percent in terms of overall revenues compared to the
Burton Expands Sales Group and Reps
Burton Snowboards recently added horsepower to its sales management team, strengthening resources at Burton's headquarters, in the rep force and the eastern U.S. sales regions. Here are the latest additions and promotions within the Burton sales grou
Clash of the Titans VIII: The Reconciliation Begins…
The dispute between the two biggest kids on the block appears to be softening a bit as both Nike and Foot Locker find new ways to help each other achieve their respective goals without compromising the stand each took in their now nine-month old spat over
As Foot Locker Sees Positive Back-to-School Signals…
While the good news here can’t be heralded as the “Miracle on 34th Street” just yet, Foot Locker is showing signs that it is reaping some benefits from the improving overall retail picture…
Genesco Sees Brighter Back-to-School…
Genesco is also seeing improved traffic and sales patterns at most of its retail units. The Journeys unit did see a 1.0% decline in comp store sales for Q2 while Underground Station posted a 9.0% jump in comps for the quarter on top of a 19% gain in the
Galyan’s Pulls the Plug on Guidance…
Galyan’s got hurt on Wall Street last week after telling analysts that it expected difficult conditions to continue and it would no longer provide guidance on earnings and gross margins. Shares were down 13.7% for the week to close at $10.82 on Friday…
Shoe Carnival Hit by Seasonal Issues…
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