Converse management has decided to delay the timing of its Initial Public Offering until current global geo-political issues can play out and the market returns to a somewhat normal cycle. The company hasn't launched a pre-offering “roadshow” for in
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And Then There Were None…
Benneton Group has finally jettisoned the last of its Benneton Sportsystem brands, inking a deal Friday that will see current Prince management — led by CEO George Napier — partner with Lincolnshire Equity Fund II LP to purchase the former number one te
Hilfiger Lead Growth at Stride Rite…
Stride Rite Corporation saw Q1 2003 net income rise 17% to $8.8 million on solid sales gains for its Keds, Sperry Top-Sider, and Tommy Hilfiger footwear lines. Earnings per share for the quarter ended February 28, 2003 were 22 cents, up from 18 cents fo
Gildan Activewear Announces Consolidation of Sewing Facilities
Gildan Activewear Inc. announced its intention to close its Montreal sewing plant, which currently provides approximately 2% of the Company's overall sewing requirements. The continuing growth in Gildan's integrated sewing production will be sup
Torpedo Sports Posts Fiscal Q2 Loss on 29% Sales Decline
Torpedo Sports USA, Inc. announced overall sales decreased 28.9% to $2.4 million during the quarter ended January 31, 2003, as compared to the quarter ended January 31, 2002. The loss from operations, if you exclude non-cash stock-based compensation, was
Reebok Sees Earnings, Profits Rise, But CEO Gets No Raise
Although Reebok International Ltd. saw its profits rise smartly in 2002, the salary and bonus of chairman and chief executive Paul Fireman remained roughly the same at about $3.08 million, according to a proxy filed Monday to the Securities and Exchang
Oleksyk Takes Top Spot at Pride Golf Products Division
Rick Oleksyk has teed up to take command at Pride Golf Products Division, a Gaithersburg subsidiary of Pride/Softspikes Inc. Formerly known as Softspikes Inc., the manufacturer of plastic golf cleats merged in January with Pride Manufacturing Inc., a Gu
Forzani Group 2002 Profits Up 48% on 20% Sales Increase
The Forzani Group Ltd. announced retail system sales (corporate and franchised stores) for the fiscal year ended February 2nd, 2003 increased 20.2% to $1.053 billion compared with $876.4 million for the year ended January 27th, 2002. Net earnings for the
Nike Looks to Asia and Europe for Growth…
The strategy to reduce its exposure at Foot Locker caused U.S. fiscal Q3 footwear revenues to slip and U.S. footwear futures to be move lower, but Nike says sell-through of Nike footwear remains robust and long-term prospects look promising…
Vans Q3 Hit on Skatepark Charge…
It wasn’t long ago that the Vans skateparks represented a revolutionary approach to marketing the brand to the extreme sports crowd. The concept was once the envy of the industry – a marketing concept that pays for itself and eventually becomes a profit
Of Course We’ll Still Buy Shoes…
Consumers may cut back on spending on the traditional “big ticket” items this spring but fewer expect to cut into their Apparel and Footwear purchases…
Wilson Exec Nabbed for eBay Sales…
Even as eBay attempts to make inroads into the sporting goods market with its close alliance with SGMA International and The Super Show’s Financial Day program, it seems that the online auction “e-tailer” has also given rise to opportunists that sell stol
Callaway to Sell NHL Licensed Gear…
Callaway Golf Company has signed a deal to make and sell golf products bearing the logos of the National Hockey League and its teams. Callaway will use its Odyssey Golf label to market the licensed goods…
… As They Halt Japan Putter Knockoffs
Callaway Golf Company said last week that two Japan-based golf club sellers have agreed to immediately cease the sale of their “White Shot New Wave Twin Ball” putter…
Rawlings Investor Bolts as K2 Deal Gets Iffy…
Two interesting developments in the K2 / Rawlings acquisition deal last week. On Monday, K2 Chairman and CEO Richard Heckmann confirmed that Rawlings’ Major League Baseball contract is indeed the stumbling block in the acquisition talks between the two c
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