Callaway chairman and CEO Ron Drapeau pointed to a number of leading economic indicators that show positive signs in the global economic landscape that usually impacts golf companies much more than the balance of the sporting goods market. Drapeau pointe
Tag: People
adidas Lost Two of It’s Stripes…
The European Court of Justice ruled that a two-stripe design, common on sporting goods throughout the EU, does not constitute trademark infringement. The case was brought by adidas against Fitnessworld Trading in Dutch courts five years ago, and has just
Easton Sports Inks Deal with Hockey Canada
Easton Sports and Hockey Canada, governing body of the sport of hockey in Canada, announced a partnership wherein Easton will become an official equipment supplier of Hockey Canada through 2008. Agreeing to a comprehensive four-year deal, Easton will be
Another Textile Giant to Emerge…
On the heels of Malden’s exit from Chapter 11, Burlington Industries creditors approved the acquisition of the company by takeover king WL Ross & Co. LLC, enabling the company to emerge from bankruptcy protection on November 10, 2003. The majority of cur
Fotoball Swings to Q3 Loss on 26% Sales Decline
Fotoball USA Inc. reported net sales for the third quarter of 2003 were $8.2 million with a net loss per diluted common share of ($0.01) versus third quarter of 2002 net sales of $11.1 million with a net income of $0.07 per diluted common share. The pre-t
Coastcast Narrows Q3 Loss on Lower Sales
Coastcast Corporation reported sales for the third quarter of 2003 were $11.0 million vs. $12.4 million. The net loss for the quarter was ($1.6 million) vs. ($4.6 million), and diluted loss per share was ($0.20) vs. ($0.60). Three directors have resigne
SBI Appoints VP Global Tax and Corporate Finance
Sport Brands International, which recently purchased Fila and all its subsidiaries worldwide, has named Christopher Blumhard as Vice President Global Tax & Corporate Finance for the company. In his new role, Mr. Blumhard will be responsible for the compan
Patagonia Picks New Executive VP of Marketing and Environmental Initiatives
Patagonia has selected Rick Ridgeway as the company’s new Executive Vice-President responsible for Marketing and Environmental initiatives. Ridgeway will continue the company’s worldwide communication efforts of the Patagonia brand, not only regarding pro
Dunlop, Umbro Sales Raise Red Flags…
According to The Times of London , private equity ownership of manufacturers is on the rise in he U.K.. Private investment firms now own £83 billion, or $139.4 billion at current exchange rates, worth of U.K. companies which they will reportedly be tryin
Malden Emerges From Chapter 11; Family Loses Control
Malden Mills Industries, Inc. announced that the Company has successfully emerged from Chapter 11 bankruptcy protection intact with 1,200 employees based in Lawrence, MA, Methuen MA and Hudson, NH. Various secured and unsecured creditors have received a
Top-Flite Reaches Five-Year Agreement with Union
Callaway Golf Company announced that a five-year collective bargaining agreement between its wholly owned subsidiary, The Top-Flite Golf Company, and the Boilermaker's Union Local 1851 has been ratified. The union represents the production and mainte
Burton Taps Nike for VP of Global Sales
Burton has hired Amy Buckalter as the Vice President of Global Sales to oversee the company's sales division, which includes the Burton, R.E.D., Anon, Gravis and Analog brands. In her new role, Amy will head the global sales team, direct Burton'
Stein Mart September Comps Down 3.3%
Stein Mart's Total sales for the five-week September period were $124.4 million, a 3.1 percent decrease from the $128.4 million in sales for the same period in 2002. Comparable store sales for September decreased 3.3 percent from 2002 to 2003…
PacSun September Comps Jump 18.5%
Pacific Sunwear reported that total sales for the five weeks of September, 2003 were $81.9 million, an increase of 29.0% over total sales of $63.5 million for the five weeks of September, 2002. Company same store sales increased 18.5% for the comparable f
September Wet Seal Comps Drop 10%
The Wet Seal reported net sales for the five-week period, ended October 4, 2003, of $47.9 million, compared to net sales of $50.3 million for the same period a year ago. Comparable store sales for September this year declined 10.0 %, versus a comparable s