Schutt Sports Back on Base with the SEC

Schutt Sports, the Official Base Supplier of Major League Baseball, is partnering with the Southeastern Conference for their 2004 baseball and softball tournaments. Now in its sixth year of involvement with the SEC, Schutt supplies on-field products for

Michael Jordan Kicks off China Tour

According to a release from Nike's Jordan brand, Michael Jordan will make a “rare trip” overseas on a four city tour of Asia where he will “inspire youth and fans by reinforcing the importance of excellence in every endeavor”. Making stops in Beijing

Apparel a Bright Spot for adidas-Salomon…

adidas-Salomon saw a sizable gain in its gross margin overshadow sales declines across most regions and brand groups to help the company post a 41% increase in net income for the first quarter of 2004. The company pointed to the impact of foreign currency

Gildan Out of Powder for the Back Half…

Gildan Activewear is backing off its previous earnings forecast for its fiscal year due to capacity constraints and lower inventories. It appears the company raided the warehouse in the first of its fiscal year and sold more units at lower prices to meet

Garmin’s Q1 Margins Hurt by Chip Costs…

Garmin's revenue for first quarter of the year increased 28% to $158.3 million from $123.8 million in the year-ago quarter. Gross margins fell 950 bps to 50.8% for the 2004 first quarter compared to 60.3% last year. SG&A expenses were reduced 40 ba

Bite Sees the Market Swinging Up…

Bite footwear has been posting some strong results, with a 20% increase in sales for the month of April – the company’s highest U.S. sales in a single month to date. March also showed the strongest Canadian sales numbers Bite has ever seen as well…

SIA Wins Five Awards for snowlinkjr.com

The SIA was recently awarded five different awards for its newly-launched consumer site, snowlinkjr.com. Both the website and the game, Icebox Maniacs, garnered top recognition nationally and in the Denver area. SIA developed snowlinkjr.com with the Fac

Wal-Mart April Comps are Up 4.4%

Wal-Mart Stores reported net sales for the four-week period ending April 30, 2004, of $20.765 billion, an increase of 11.7% over the $18.592 billion in the same four-week period in the prior year. Sales for the thirteen-week period were $66.058 billion,

Stein Mart April Comps Jump 6.7% on 4.5% Sales Increase

Stein Mart announced net sales in April were up 4.5% to $112.5 million compared to $107.7 million last year. Comp store sales climbed 6.7% for the month. First quareter sales increased 10.8% to $363.6 million compared to $328.2 million in Q1 last year. Q

Ross Stores Comps Increase 2% for April

Ross Stores reported sales of $322 million for the four weeks ended May 1, 2004, an 11% increase above the $289 million in sales for the four weeks ended May 3, 2003. Comparable store sales for the month increased 2% over the prior year. For the first qu