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Vaccaro Tires of the No Cash Routine…

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

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

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

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

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