Vendors and manufacturers in the industry kept the positive trend moving ahead in the 2003 second quarter, but saw sales growth and profit growth slow a bit from the first quarter results. Much of the slower growth can be attributed to the pull-back seen
Tag: Supplier
Kmart Narrows Loss; Comps Still Down…
Kmart reported a much smaller loss in the 2003 fiscal second quarter, but sales were still stuck in the doldrums as the discount retailer fights to re-build consumer traffic and sales after its emergence from Chapter 11 bankruptcy protection…
Billabong Rides Surfer Girl Wave…
Billabong released year-end financials and it looks like a strong year for the Aussie Surf-wear manufacturer with sales in America and Europe leading the way…
Vaccaro Tires of the No Cash Routine…
SPORTS EXECUTIVE WEEKLY has confirmed that Sonny Vaccaro, adidas’ director of basketball, has resigned from the company. The move furthers impacts the floundering adidas basketball program that has lost quite a bit of share to resurgent Reebok and
NRF: Back-to-School Helps Fuel Retail Comeback
A strong back-to-school season and solid sales gains continue to fuel optimism in August as retailers begin looking ahead to the fourth quarter. According to the latest NRF-BTM Executive Opinion Survey, a monthly index by the National Retail Federation
Bowers Takes On More Duties at Oakley
Oakley today announced that Scott Bowers, Vice President of Sports Marketing, will take over additional marketing responsibilities for the Oakley brand. In his new role Mr. Bowers will be responsible for overseeing all aspects of Oakley's marketing p
Slazenger Golf Appoints New President/CEO
Slazenger Golf Products Company has appointed golf industry veteran Chris Daltorio as the new President and CEO, setting forth a new platform that will allow golfers across the nation to have greater access to Slazenger apparel, gloves and balls. Daltori
Rawlings Inks New Five Year NCAA Baseball Deal
Rawlings Sporting Goods announced that it has entered into a new five year agreement with the National Collegiate Athletic Association (NCAA), which designates Rawlings as the official baseball of the NCAA…
Clif Bar Continues its Strong Environmental Track Record
In another significant effort to reduce its ecological footprint on the planet, Clif Bar Inc. announced today that all of the cartons (caddies) that hold its energy and nutrition bars on store shelves will be made with 100 percent recycled paperboard, of
adidas Issues Bonds in Advance of Top-Flite Auction
A report early Wednesday has adidas-Salomon gearing up for the fight for the Top-Flite. Reuters is reporting that adidas-Salomon made its debut in the bond market on Wednesday, issuing 400 million euros ($434 million) worth of debt convertible to around
VF Completes Nautica Deal; Forms Sportswear Coalition
VF Corporation has completed the previously announced merger between Nautica Enterprises, Inc. and a subsidiary of VF for a total consideration of approximately $600 million. The merger was approved by Nautica's stockholders on Wednesday. VFC announ
Nike Makes Five Senior Promotions
NIKE, Inc. announced the appointment of five executives to key posts. Tom Arndorfer has been appointed as Vice President and Chief Financial Officer of Nike USA; Jim Carter as Vice President, General Counsel; Adam Helfant as Vice President of U.S. Sports
Rodale Releases H1 Profits
Rodale continues its strong performance trend for the first half of '03, it was announced today by Steve Murphy, President and CEO of Rodale Inc. The first half of '03 was up an additional 14 percent in terms of overall revenues compared to the
Lotto Sees Some Control Changes …and Pulls Out of Burma
The 50% shareholder of Lotto SpA stock, Enerlux S.A., has seen 45% of their shares transferred from Roberto Danieli to Andrea Tomat, Adriano Sartor and Gianni Lorenzato, who together already had a 55% control over the company…In other news, Lotto is pul
Stage Stores Q2 Net Income Dips 12.5% on 3.5% Comp Store Decline
Stage Stores Inc. announced that net income for the second quarter ended Aug. 2, 2003 was $9.1 million, or $0.45 per diluted share, compared to $10.4 million, or $0.47 per diluted share, for Q2 2002. Total sales for the 13-week period increased 0.1% to $2