Skechers USA, Inc. said Tuesday it expects first quarter 2004 revenues to be above the previously guided range of $190 million to $200 million. The Company also anticipates an improvement in gross profit margin compared to fourth quarter 2003 due to a l
Tag: People
NRF: Tax Returns Expected to Fuel March Sales
Consumers appeared to keep up their steady spending pace in March, according to the latest findings of the NRF Executive Opinion Survey. The Retail Sector Performance Index (RSPI) grew at a slightly slower pace in March with a reading of 58.3 points, up
The Sporting Goods Industry is Well Positioned for a Record Year in 2004…
The industry continued its winning streak in the fourth quarter of 2003 as profit gains again outpaced sales growth despite the effects of integration and restructuring charges related to the record number of mergers and acquisitions last year…
Brunswick Completes Acquistion of Boat Brands
Brunswick Corporation has completed its previously announced acquisition of the Crestliner, Lowe and Lund aluminum boat brands from Genmar Industries, Inc. for approximately $191 million in cash. The transaction also contains provisions for additional con
Tour De Georgia Shows Major Economic Benefits
In only the second year, officials with the Dodge Tour de Georgia project a $20 to $30 million boost to the Georgia economy. The value provided to its charitable beneficiary, the Georgia Cancer Coalition, is expected to surpass $2.5 million, doubling the
Cutter and Buck Adds Marketing Chief; Fielding Departs
Cutter & Buck Inc. has appointed Tom Danowski to the new position of VP and Manager of the Marketing Group. Danowski was recently a business development and branding consultant to national marketers and retailers after serving as COO and Chief Marketing
LiquidGolf Executes LOI with Youngor Golf
LiquidGolf Holding Corporation has executed a Letter of Intent to develop the golf equipment and apparel strategy for Youngor Group's 160 retail stores in China, and the distribution of Youngor Golf products in North America, Europe and South America
The Hockey Company Signs Partnership Deal with American Hockey League
The American Hockey League and The Hockey Company today announced a multi-year, multi-million-dollar partnership that will serve as the foundation for the AHL's marketing, licensing and on-ice branding strategies for years to come. The agreement was
Finish Line Q4 Net Income Up 37%; Raises 2005 Guidance
The Finish Line, Inc. reported that net sales increased 30% to $305.3 million for the fiscal 2004 fourth quarter compared to $234.4 million reported for the year-ago period. Comparable store net sales increased 19% for Q4 on top of a 10% increase reported
Columbia Partners With Chinese Authorities in Counterfeit Raids
Columbia Sportswear Company recently joined forces with Chinese authorities in three separate raids of factories producing counterfeit Columbia Sportswear apparel. As part of an aggressive campaign to stamp out counterfeiters and protect its unique brand
PowerBar Founder Maxwell Dies from Heart Attack
Brian Maxwell, the founder of PowerBar, died of an apparent heart attack on Friday. He was 51 years young. Maxwell, who was ranked as the number three marathoner in the world in 1977, is credited with starting the energy bar industry that today is a nec
Not Exactly Another Clash of the Titans…
Footstar has reportedly reached an agreement with Nike over a dispute that arose over Nike’s attempt to cut the retailer’s discount terms. A report in a local paper quoted a Footstar spokesperson that said, “The terms are confidential, and the proceeding
Outside Magazine Fights Inactivity in College Students
Outside Magazine announced the launch of “Outside University,” a nationwide tour of colleges and universities designed to promote an active lifestyle to a new generation of enthusiasts…
Salter Group Buys Back Gen-X Close-Out Business
Huffy Corporation has sold its Gen-X 'opportunity' business to a group headed by its original founders, James Salter and Kenneth Finkelstein, and industry veteran Rick White for an undisclosed amount. HUF CEO Paul D’Aloia said that the sale of
Canari Signs an ‘Mmmm Mmmm Good’ Licensing Deal
Canari Cycle Wear has announced a licensing agreement with Campbell’s Soup to design and manufacture cycling apparel based on the popular soup brand. Judging from preseason sales, the styles are attracting a great deal of interest and support from the cy