Costco Wholesale Corporation reported net sales of $3.65 billion for the four weeks ended August 29, 2004, an increase of 7% from $3.42 billion in the same four-week period of the prior fiscal year. Consolidated same-store sales increased 4%, with U.S. c
Tag: People
Mammut Wins Three Guides Choice Awards
Mammut is receiving honors from the American Alpine Institute with three Guides' Choice Awards for 2004. Mammut's soft shell Champ Pant and New Age jacket were recognized as gear that “embodies excellence in performance and durability”, as was
Broder Bros. Acquires NES Clothing Company
Broder Bros., Co., the largest U.S. distributor of imprintable sportswear, has acquired NES Clothing Company, the leading distributor of imprintable sportswear in New England. Bain Capital, a leading global private equity firm headquartered in Boston, Ma
Billabong Fights FX Rates to Post 14% Income Gain…
Billabong fought negative currency fluctuations and came out on top for their fiscal year ended June 30. Worldwide full-year sales totaled AU$679.3 million ($484.9 mm), an 8.2% increase over last year’s AU$628.0 million ($367.2 mm). Net profit increased 1
B.O.S.S. Goes One-On-One with Cascade Design’s Lee Fromson…
Lee Fromson is the President of Cascade Designs, Inc. Lee has worked for Cascade nearly from its inception, starting as the Controller in 1982. Over the twenty plus years of service with the company, Lee has held ever-increasing roles, from Chief Financ
Wilderness Systems Wins Manufacturer of the Year
Confluence Watersports kicked off the 2004 Outdoor Retailer Summer Market, held in Salt Lake City with Wilderness Systems being named the 2004 Manufacturer of the Year by Canoe and Kayak magazine. The annual award honors excellence and outstanding achieve
Kellwood Board Member Resigns
Kellwood Company announced that Martin J. Granoff, a member of its Board of Directors, has resigned effective August 26, 2004 due to personal reasons, according to Hal J. Upbin, Kellwood chairman and chief executive officer…
Sports Authority Q2 Comps Down 3.8%; Pro Forma EPS Doubles
The New Sports Authority reported total sales for the second quarter were $605.0 million, but were not able to give consolodated sales figures for last year's period. Comp store sales for the combined company decreased 3.8% from last year's comb
Mossimo CFO Resigns
Mossimo, Inc. has announced that Mali Shrinivas has resigned from his position as Chief Financial Officer in order to pursue other interests. The Company is currently searching for a successor to Mr. Shrinivas.
Bravo to Acquire Variflex in $38 Million Deal
Variflex, Inc. and Bravo Sports, a privately held leading global manufacturer and marketer of branded and OEM hard goods, components and accessories for the skateboard and in-line skating markets, have entered into a definitive merger agreement under whic
Joe Florence and Treu Hahnenberger Join Ride
Ride recently brought on board two new members to the in-house crew on Vashon Island: Joe Florence as Softgoods Assistant and Treu Hahnenberger as Binding Engineer. Joe began his career at KAVU as head designer for a little over a year. Treu comes to Ride
JJB Issues Earnings Warning for 2004 Fiscal Year
The Board of JJB Sports no longer believes it likely that the market expectations of its profits for the current financial year can be met.While JJB’s results for the current financial year will depend upon its performance during the Christmas period, the
Rip Curl USA Appoints Quinn National Sales Manager
Rip Curl has appointed Dean Quinn to the position of National Sales Manager for Rip Curl USA. Dean joins the Rip Curl sales force with 20-plus years of surf industry experience, living his early years as a professional surfer then transitioning into in-ho
Airwalk Parent Inks Licensing Deal Down Under…
Collective Licensing International, LLC, owner of the Airwalk brand, has entered into a Master Licensing Agreement with Brand Direct to license the Airwalk brand. Brand Direct International Pty. Ltd. will be responsible for all Airwalk branded product in
Hibbett Sporting Goods Moves to Clear Q2 Inventories; Bottom Line Hurt…
At appears that Atkins dieters are cutting back on exercise as well as they embrace the low carb in an effort to lose weight rapidly. Hibbett Sporting Goods raised that issue as one potential reason for the slow down in Exercise Equipment sales they saw