Reebok International Ltd. last week said it will declassify its board of directors, reacting to a non-binding resolution offered at its last annual meeting. The company said its board will be declassified over three years as each director’s three-year te
Results for "M"
Cancels Hurt Saucony Q2 Sales Results…
Saucony relied on a 500 basis point improvement in gross margin to post a 44% improvement in net income and a 40% increase in diluted EPS in the second quarter. However, the improved bottom line masked issues on the top line as sales for the quarter decr
Big 5 Disappoints Street, But Rolls On…
Shares of Big 5 Sporting Goods fell 11.3% for the week to close at $13.70 on Friday after the retailer fell short of Wall Street expectations for the second quarter. Big 5 posted EPS of 28 cents a share for the second quarter, 2 cents lower than analysts
Nautilus Hopes Court Relief Helps…
The Nautilus Group may have just been thrown a much-needed life preserver as it continues its downward spiral amid higher ad costs and stiff competition. A U.S. District Court in Washington State last week ruled in favor of the maker of the Bowflex machi
Specialty Quick Hits
Schoeller Textiles has changed the name of its ComforTemp; Chip Coe added “President” to his Smartwool title; Dahon bicycles sold a record number of folding bicycles so far this year; Tender Corporation and Adventure Medical Kits have gone one step beyond
JJB Sports Fights Price Fixing Fine
JJB Sports PLC notes the decision of the Office of Fair Trading in its examination into allegations of price-fixing regarding replica football kits.
JJB is very disappointed that the OFT have found it to be guilty of price-fixing; a charge which it belie
Finish Line Airs Joint Nike Ad
The Finish Line announced the continuation of its marketing partnership with Nike as their latest cooperative television commercial breaks on national television this weekend. The commercial highlights that Finish Line carries the best selection of Nike S
Russell Ekes Out Q2 Sales Gain With Acquisition Help; Beats Street Earnings Call
Russell Corporation reported fiscal 2003-second quarter net sales of $267.9 million, a 6% increase over the comparable period last year. The Company also reported earnings per diluted share of $.20 versus a loss of ($.19) per diluted share in the 2002-se
Court Rules in Favor Of Nautilus
The Nautilus Group announced the United States District Court for the Western District of Washington ruled in favor of The Nautilus Group on a motion for preliminary injunction, and entered an order now barring ICON Health & Fitness, Inc. from using the m
K2, Inc. Adds Worth to Brand Stable
K2 announced that it has signed a letter of intent to acquire 100% of the stock of softball powerhouse Worth, Inc. The parties anticipate that the purchase price, which will not be disclosed, will be a combination of K2 common stock and cash, plus the as
Finish Line Opens 500th Store
The Finish Line will open its 500th retail store at the Mall of America on Friday, August 1, 2003. To celebrate the grand opening, Finish Line will give away 500 pairs of shoes to the first 500 customers in line…
The Walking Co. Starts Closing 29 Doors
Store closing sales have started at 29 Walking Company Stores. One store operating as Alan's Shoes in Tucson, Arizona is also closing. The United States Bankruptcy Court in California approved The Walking Company selection of Hilco Merchant Resourc
Huffy Signs Japan Golf Licensee
Huffy Corporation has signed a licensing agreement with California-based CACOS Sports Equipment to design, manufacture, market and distribute Tommy Armour, Teardrop and Zebra branded golf clubs and accessories in Japan…
Russell Renews Georgia Tech Sponsorship
Russell Athletic renewed its sponsorship with hometown partner Georgia Tech, making Russell the Official Uniform and Apparel of the Georgia Tech Athletic Association (GTAA) for the next five years…
LaCrosse Industral Sales Erase Nice Q2 Gains at Danner and LaCrosse
LaCrosse Footwear, Inc. reported consolidated net income for the second quarter was $0.004 million, or $0.00 per share, compared to a loss of $3.8 million, or $0.64 per share in the second quarter of the prior year. Total net sales decreased 6.9% to $18.