Nearly two-thirds of American families will find themselves with a little extra money to spend this spring. The NRF 2004 Tax Returns Consumer Intentions and Actions Survey, conducted by BIGresearch for NRF, found that 67.6% of consumers (or 145.7 million
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adidas Lays Out New Strategies to Build Brand…
adidas-Salomon chairman and CEO Herbert Hainer has finally backed off his chest-pounding claims of grabbing 20% market share in the U.S. –- at least for now – and will instead focus on building a profitable business in North America…
Quiksilver Sets New Base for Business Growth at $1 Billion…
Quiksilver, Inc. just passed the $1 billion sales mark for the trailing twelve months and is already looking at a $3 billion business down the road as it continues to strengthen its control of its brands worldwide, takes aggressive steps to expand its own
Spyder Signs on as Austrian Ski Team Sponsor
Spyder Active Sports, a leading technical ski apparel brand, has signed an agreement to be an official supplier to the Austria Ski Team. Spyder will outfit the Alpine team on a long-term basis, including the 2006 Winter Olympics in Torin, Italy. The team
Pre-Trial Ruling In Patent Infringement Case Falls In Johnson Outdoors Favor
JOHNSON OUTDOORS announced a major pre-trial ruling in accordance with the Company’s position in its patent infringement case against Confluence Watersports, owned by American Capital Strategies (ACS). The ruling issued by the Federal District Court in P
adidas-Salomon Q4 Net Declines 6.9% on Double-Digit Sales Decrease
adidas-Salomon reported the 2003 fourth quarter sales declined 4% on a currency-neutral basis “mainly as a result of unfavorable comparisons with the prior year period, where sales in North America and at TaylorMade-adidas Golf were particularly strong”.
Veltex to Acquire Embroidery Firm
Veltex Corporation has signed a letter of intent to purchase MKL, Inc., Anaheim, California, in a cash plus stock transaction. MKL, a private company, specializes in embroidery of logos and other designs on caps and garments for the promotional products i
Ross McMullin Loses Fight With Cancer
The former chief of the North America business for adidas succumbed to cancer on Monday at his Portland home. John Ross McMullin was just 47 years young.
The former adidas America CEO has bat
Quiksilver Fiscal Q1 Net Up 40% on 33% Sales Gain; Raises 2004 Guidance
Quiksilver, Inc. announced consolidated revenues for the first quarter of fiscal 2004 ended January 31, 2004 increased 33% to $256.1 million compared to $192.1 million for the year-ago period. Consolidated net income for the Q1 increased 40% to $9.2 milli
Yue Yuen Posts 35.8% Profit Increase for Q1
Yue Yuen Industrial Holdings Limited announced its unaudited consolidated results for the three months ended 31st December, 2003. Turnover and net profit increased year-on-year by 5.4% to US$644.7 million and 35.8% to US$93.9 million respectively…
SIA Brings in Two New Staff Members
SnowSports Industries America (SIA) is pleased to announce the hiring of two new staff members to join its growing team. Christine Martinez has been named the new market research manager while Sara Hobbs will assume the position of executive assistant to
Footstar to Close all JFF Stores; Trims Footaction…
Footstar, Inc. filed a motions Friday in U.S. bankruptcy court to close “in the near term” 165 underperforming stores, including all of its 88 Just For Feet stores and 77 of its 429 Footaction stores. The motions included an “emergency” request for autho
Retail Execs See Traffic at Record High…
The American consumer continued to shop and spend at high levels in February, according to the latest findings of the NRF Executive Opinion Survey, a monthly index by the National Retail Federation. The Retail Sector Performance Index was at 62.8%, jumpin
February Retail Comp Store Sales Gains are Best Since April 2000…
According to a report issued by the International Council of Shopping Centers, retailers in February saw their best cumulative monthly year-over-year same-store sales since April 2000. Overall comp store sales in February rose 6.7% from the same month a
Footaction/Just for Feet Store Closing List
A full list of Just for Feet and Footaction stores to be closed…
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