The parent company of water ski and wakeboard brands O'Brien and Liquid Force ran out of money on February 10, 2003, laying off over 130 people in its Seattle and California facilities…
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K2 Goes on Offense…
K2 is set to go on the offensive in 2003 after spending much of the last 18 months paying down debt and building a war chest. The umbrella company for several Inline Skate, Ski & Snowboard and Fishing Tackle and Water Products brands is also expected to
As Rawlings Investor Gives Go Ahead…
Daniel Gilbert, who holds nearly 15% of Rawlings' stock, said he has become comfortable with K2 CEO Dick Heckmann's vision for Rawlings and will support KTO’s purchase of the venerable sporting goods brand…
China Gives Nike Spanish Relief…
Nike lost its Spanish trademark battle, but may have won the war in the Chinese courts…
Skechers Ends Year with Q4 Loss; Sales Down 15.6%
Skechers USA, Inc. reported fiscal year 2002 net sales slipped 1.8% to $943.6 million, compared to net sales of $960.4 million in 2001. Net earnings for 2002 were $47.0 million, flat to 2001. Net sales for the fourth quarter of 2002 were $180.8 million c
Gilbert Drops K2/Rawlings Objections; Declines Board Seat
Investor Daniel Gilbert, a nearly 15% stakeholder in Rawlings Sporting Goods Company, Inc., announced Wednesday that he is now supporting the proposed merger with K2 Inc…
Nordy’s Fiscal 2002 Profits Slide 28%
Nordstrom, Inc. reported net earnings and earnings per diluted share for fiscal 2002 ending January 31, 2003 decelined 28% to $90.2 million and $0.66, respectively. Fiscal 2002 net sales increased 6.1% to $6.0 billion compared to sales of $5.6 billion in
Thule Appoints Field Envoy
Thule has appointed Darren Snyder as its Thule Envoy. In this newly created field position, Snyder will report to Mike Moore, Thule Western Sales Manager and support Thule’s western region sales representatives…
JC Penney DS 2002 Operating Profit Up 27%
J. C. Penney Company, Inc. reported that earnings per share from continuing operations doubled to $0.68 for the fourth quarter and were $1.25 for the full year. Department Stores and Catalog Q4 LIFO operating profit increased 35%, or 160 basis points as
Galyan’s to Keep Corporate Headquarters in Plainfield
After a yearlong search for a site to relocate its corporate headquarters, Galyan's Trading Co. has decided to stay in Plainfield. The company said Tuesday it will work with Plainfield over the next year to locate a building site for a state-of-th
PacSun First to Launch Hurley Footwear
Pacific Sunwear of California Inc. becomes the first national retailer to launch the new Hurley footwear line. The shoes are available in PacSun stores and online.
When Does a Good Show Get Too Big???
Lesson One in trying to kill the golden goose trade show – make the show so big that you have to trek all over town and then shoo away all the retailers with bad timing. Blow into a balloon long enough and it will pop! That was the feeling as the exhibit
When Does a Good Show Get Too Big???
Lesson One in trying to kill the golden goose trade show – make the show so big that you have to trek all over town and then shoo away all the retailers with bad timing. Blow into a balloon long enough and it will pop!…
Russell Firing On All Cylinders…
Shares of Russell Corporation rose 4.5% for the week, closing at $15.68 on Friday. The company reported lower Q4 sales and stronger earnings on Thursday…
Collegiate Pacific Narrows Q2 Loss…
The loser in the Bike bid posted a 23% increase in net sales for the fiscal Q2 ended December 31, 2002 , racking up $3.5 million in sales . The net loss for the quarter narrowed a bit to -$231.1k from -$253.1k in the year-ago period. BOO saw gross pro