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
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Nike and Apparel Fuel Another Breakout Quarter for The Finish Line
The Finish Line, Inc. reported net sales of $207,805,000 for the thirteen weeks ended May 31, 2003, an increase of 22% over net sales of $170,576,000 for Q1 last year which ended June 1, 2002. Comparable store net sales for Q1 increased 14% on top of a 3%
Phoenix Will Report Q2 Charge Due to Shareholder Suit
Phoenix Footwear Group, Inc. has received a decision from the Superior Court in Penobscot County, Maine regarding the dissenting stockholders suit associated with Phoenix Footwear's March 2000 acquisition of the Penobscot Shoe Company. The Court det
Pacific Trail to Run as Separate Operation
London Fog Industries will separate its three primary divisions–Pacific Trail, London Fog Trade and London Fog Factory Outlet Stores–into independently managed businesses. As FFI CEO, Bill Dragon will continue to direct and oversee all operations of th
Tropical Sells the Duck Head Brand to Goody’s
Tropical Sportswear Int'l Corporation announced has sold the Duck Head trademark to Goody's Family Clothing, Inc. for $4 million in cash. The purchase agreement provides that TSI will be able to continue to sell existing Duck Head inventory for
Callaway Settles with ‘Big Easy’ Knockoff Sellers
Callaway Golf Company announced that Shirley Tsou and GolfCo in Brea, California, as well as Alex Mowry and National Golf Liquidators of Oceanside and Anaheim, California, have agreed to a permanent injunction prohibiting them from selling “Big Easy” golf
Quick, Before They Get On Solid Food…
With the LeBron James endorsement deal saga now over, it’s time to get down to the serious business of signing up athletes before they garner the attention of adidas’ Sonny Vacarro…
The Post Takes on Footstar…
The New York Post, that Bible of American finance, devoted a full page in last Tuesday’s issue to take Footstar to task for its oft-delayed filing of its 10K and 10Q financial reports…
LandL Acquires Southern Athletic Brand…
Russell Corporation has sold the Southern Athletic trademark and related assets The L&L Group, which has licensed the brand since May 2002. The L&L Group, privately held and formed in 1948, owns Foremost Athletic, L&L Concession Co, Reach Athletic, and Un
Heavier Inventories Drive Retail Pricing Power Index Lower…
Retailers seem to be looking to brighter times ahead if the latest Retail Sector Performance Index is any indication. But increasing retail inventories and reduced traffic look to dampen profits as pricing comes under pressure.
Apparel Brand Logos Losing Cache???
The Brand Keys Fashion Index for 2003 appears to suggest that consumers are less enamored with apparel brand logos and labels than a few years ago, with many consumers adopting a 'back to brand basics' mentality. The index is a result of a semi
Variflex Up On In-Line Skate Deal…
Variflex shares skyrocketed last week on much higher volume, gaining almost 47% for the week to close at $5.55 on Friday. The run-up appeared to be due to the impressive results reported for the company’s fiscal third quarter, with sales jumping over 55%
E21 Gets USGA Shaft Approval…
The United States Golf Association notified Element 21 Golf Company last week that the company’s scandium shaft technology “conforms to the Rules of Golf”…
GolfGear Doubles Q1 Loss…
GolfGear International Inc. saw net sales in the first quarter rise 44.3% to $545,245, compared to $377,780 for the same quarter last year. The company had a net loss of $502,601 in Q1, compared with a $240,290 net loss in the year-ago period. The full
Kappa Taps New Partners…
BasicNet, the Italian sportswear firm, said its Kappa Spain unit has signed a deal with Spanish sporting goods distributor Proged to distribute BasicNet’s Kappa and Robe di Kappa brands in Spain, Portugal and Andora. Another deal was struck with the new