London Fog Industries, which employs 500 people in the U.S. and overseas, has eliminated 36 jobs at its Seattle headquarters as a result of the company’s organizational restructuring. According to President and CEO William Dragon, Jr., the layoffs repres
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Hooks Leaves Confluence Watersports
Mike Hooks, sales manager at Confluence Watersports, has left the company to pursue new professional and personal interests, most notably to focus more time on his musical interests. Kelley Woolsey, VP of Marketing and Sales, will assume all of Hooks’ re
VF Corp. Issues Q2 Sales and Earnings Warning
Citing difficult retail conditions, the parent company of The North Face, Eastpak and Jansport revised its expectations for earnings and sales for the quarter ending July 5, 2003. The Company now believes that second quarter earnings per share could decl
Sport-Haley Adds Top-Flite To Apparel Stable
Sport-Haley, Inc. announced an amendment to their existing licensing agreement with The Top-Flite Golf Company, formerly known as Spalding Sports Worldwide, Inc. Sport-Haley now has the right to manufacture and market a full line of golf apparel bearing
Cybex Gets Re-Financing Deals; Ups Q2 Guidance
Cybex International, Inc. announced that it has received commitment letters from CIT Business Credit and Hilco Capital LP to provide a $30 million, three year senior financing facility which would re-finance the Company's current bank debt with Fleet
Finish Line Breaks Ground on HQ Expansion
The Finish Line, Inc. broke ground Tuesday on a $20 million expansion to its Indianapolis, Indiana-based corporate headquarters and distribution center. Indianapolis Mayor Bart Peterson took part in the ceremony…
Hibbett Sporting Goods Announces Stock Split
Hibbett Sporting Goods, Inc. announced that its Board of Directors has approved a 3-for-2 stock split. The stock split will be affected in the form of a 50% stock dividend, and the new shares will be distributed on or about July 15, 2003, to stockholders
Gilbert Turns His Attention to Huffy Corp.
The same investor who was the largest shareholder in Rawlings Corporation prior to its recent sale, has announced a 5.23% ownership in Huffy Corporation according to a 13D filed with the Securities and Exchange Commission Monday morning. Daniel Gilbert an
Winning Edge to Rep Southern Athletic
Southern Athletic has tapped Winning Edge Sales Group, Inc. to nationally represent the Southern Athletic line of team uniforms and accessories. Winning Edge Sales Group, Inc., formerly W. Lamar Young & Co, was the national sales agency for Bike Athletic
Quiksilver’s Global Reach Shows Sales Gains — and Inventory Pains…
Quiksilver is capitalizing on its own retail stores, a premium brand message and lifestyle image at home to navigate through the negative retail environment as it benefits from a weaker dollar to post higher sales and margins in Europe.
New Pony Collection Unveiled…
SPORTS EXECUTIVE WEEKLY last week had a chance to take a sneak peek at the new GBMI incarnation of the Pony brand at the recent FFANY show in NYC. Some product will be available for late Holiday delivery with a full launch in spring of 2004.
Ashworth Lowers Prices to Drive Sales…
Ashworth is capitalizing on its license for the Callaway brand, but price pressure from competitors and a soft retail environment has caused the company to cut prices on its basic product in the 8% to 10% range in the second quarter to fuel at-once busine
THC Prices IPO to Pay NHL…
The Hockey Company Holdings Inc., which will be the new Canadian public entity that owns the CCM, JOFA and KOHO brands, has priced its Initial Public Offering of 4.5 million common shares at CN $16.00 per share. The offering is not available for sale in
April U.S. Factory Orders Shrink…
The Commerce Department reported on Thursday that April orders for goods manufactured in the U.S. saw their largest decline in more than a year, falling 2.9% to $320.0 billion for the month. Economists were expecting a 1.8% decline.
The Fair Labor Association Releases First Report
The Fair Labor Association made public findings from independent audits of seven major footwear and apparel companies, probing the protection of workers rights in the companies’ global operations on a factory-by-factory basis. The companies included in t