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U.S. Signs Apparel Quota Agreement with Vietnam

Retailers cheered and the textile sector groaned after the United States signed an apparel agreement with Vietnam giving a generous package of clothing quotas to the country that was the site of one of the U.S. military's most humiliating retreats

PUMA Q1 Net Income Doubles on 47% Sales Gain; Futures Up 50%

PUMA’s strong sales growth continued during the 2003 first quarter as consolidated sales increased by 47.4% from €232.8 million to €343.2 million ($370.7 million). On a currency-neutral basis, sales were up by 57.1%. Consolidated net income rose from €2

Luxottica Q1 Net Income Down 35% on 20% Sales Decline

Luxottica Group S.p.A. announced consolidated net sales for the first quarter of 2003 declined 20.0% to euro 704.5 million. Assuming constant exchange rates, consolidated net sales for the quarter would have declined by 6.6%. Wholesale sales declined 15

SGMA Releases 2003 ESPN Sports Fan Poll

Do you want to be the first one on the block to know the stats – on the American sports fan? You can find all this information in the ESPN Sports Poll/SGMA State of Sports Report (2003 edition), released by SGMA International. This survey examines inter

GBMI Taps Robert Mangione to Lead Mecca Sales

Global Brand Marketing, Inc. has announced the appointment of Robert Mangione as National Sales Manager for Mecca Footwear. Mr. Mangione joins GBMI with over 15 years of marketing and sales management experience in the athletic footwear arena with positi

Shoe Show Averages a Store Opening Every Five Days

Back in 1960, Robert Tucker opened a 2,500-square-foot shoe store in downtown Kannapolis.

Today, he reigns over a 644,000-square-foot headquarters in Concord, overseeing a shoe retailing chain with more than 860 stores. Shoe Show Inc. is one of the

Gadzooks to Only Focus on Teen Girl Consumer

Jerry Szczepanski had a tough proposition for the board of directors at Gadzooks, the teen clothing chain that he helped found two decades ago. He wanted approval for a plan that would cede a sizable chunk of the company's business to competitors

Russell Finalizes Spalding Deal; Names Creelman President

Russell Corporation announced Thursday that it has signed a purchase agreement to acquire the brand names, inventory, contracts and related assets of the sporting goods business of Spalding Sports Worldwide, Inc. for $65 million. Russell has hired Scott

K2 Inc. Expands Management Team

K2's senior executive team has been augmented with the appointments of Dudley W. Mendenhall, as SVP Finance and Monte H. Baier, as VP and general counsel. Further, John J. Rangel, most recently SVP Finance, has been appointed SVP and CFO. All three

Callaway Re-Shuffles Boardroom

Callaway Golf Company announced that Samuel H. Armacost and John C. Cushman, III have been appointed to the Company's Board of Directors. They will both begin serving immediately, and will stand for election to full one-year terms at the Company&#039

SIA: Specialty Store Sales Up 7.8% through February

Overall sales for the entire winter sports market increased by 4.6% in dollars to $2.03 billion compared to $1.94 billion in 2002 for the period of August through February, according to the SnowSports Industries America (SIA) Retail Audit. Sales at speci

SIA: Chain Store Sales Off 5.5% Through February

Chain store sales were down 5.5% for August through February compared to the same period in 2002. In dollars, that translates to $439.4 million in sales so far this year compared to $465.2 million in 2002. The unit sales tracked 11.3% behind last year. S

Oakley Q1 Net Income Falls 43% as U.S. Continue Slide

Oakley, Inc. reported first quarter net sales increased 1.5% to $111.2 million compared with $109.6 million in the first quarter of 2002. Net income for the first quarter totaled $3.2 million, or $0.05 per diluted share, compared with net income of $5.6

Unifi Makes Further Domestic Peronnel Cuts

Unifi Inc. has announced changes that will result in the elimination of 400 current domestic positions, bringing the number of positions eliminated through cost reduction initiatives since January 2003 to approximately 600, or 15% of the company's U.