GolfGear International Inc. saw net sales in the first quarter rise 44.3% to $545,245, compared to $377,780 for the same quarter last year. The company had a net loss of $502,601 in Q1, compared with a $240,290 net loss in the year-ago period. The full
Tag: Supplier
Oakley Settles Luxottica Suit…
For the second time in less than sixty days Oakley has been able to settle actions taken to protect its XYZ Sunglass Optic Patents. The company last week settled two patent and intellectual property suits that were pending against competitor/customer, Lu
Holst Named Eastern Regional For Wilson Golf and Racquet Sports
John Holst, formerly Territory Manager for Wilson Golf, has been promoted to the position of Eastern Regional Sales Manager, Wilson Golf & Racquet Sports. Holst will focus specifically on golf accounts. In his new position, he will direct a staff of 11
New President Named of TJX Canadian Division
The TJX Companies, Inc. has announced that David Margolis will retire from active management of its Canadian division, Winners, effective June 27, 2003. Michael MacMillan, Winners' Executive Vice President, Merchandising and Planning, will assume th
Shoe Carnival Q1 Profits Dip 10% on 5.8% Sales Increase
Shoe Carnival, Inc. announced net earnings for the first quarter ended May 3, 2003 decreased 10% to $5.1 million as compared with net earnings of $5.7 million in the first quarter ended May 4, 2002. Diluted earnings per share decreased 11% to $.39 per sha
Everlast Q1 Profits Fall 96% as Sales Slide 21.5%
Everlast Worldwide Inc. reported net sales for its first quarter ended March 31, 2003 were $12,355,283 as compared to $15,734,596 reported in 2002. Net income available to common stockholders (after giving effect to the redeemable preferred stock dividen
Oldham Promoted to RSM for Wilson Golf
Joe Oldham, formerly Territory Manager for Wilson Golf, has been promoted to the position of Western Regional Sales Manager, Wilson Golf & Racquet Sports. Oldham will focus specifically on golf accounts. In his new position, he will direct a staff of 1
New Balance to Sponsor Major League Lacrosse
New Balance Athletic Shoe, Inc. announced that it will sponsor Major League Lacrosse, the premiere professional outdoor lacrosse league. The league launches its third season this year…
Urban Outfitters Q1 Comps Up 2.0%
Urban Outfitters, Inc. announced total Company comparable store sales for the quarter ended April 30, 2003 rose 2% on top of an 18% increase in last year's first quarter. “Comp” store sales at Urban Outfitters gained 5% versus an increase of 12% last
Galyan’s Name New Apparel GMM
Robert B. Mang, Chairman and CEO of Galyan's Trading Company, Inc. announced the appointment of Jeff Brown to the position of Senior Vice President, General Merchandise Manager Apparel. Jeff joins Galyan's after more than 28 years with Kaufmann&
Escalade Ups Stake in STIGA Parent
Escalade, Inc. has increased its ownership interest in Sweden Table Tennis AB from 37.5% to 50%. Sweden Table Tennis AB owns the STIGA table tennis brand name and is the recognized leader in table tennis design and engineering. Sweden Table Tennis AB repo
Foot Locker Shuffles the Upper Deck
The strength of the retailer’s European business, and the planned growth there, made the resignation of Foot Locker Europe CEO Simon Rider a surprise to many. Foot Locker's major expansion plans in Europe were counted on to offset the weakening US b
Kmart Exits Chapter 11, Names Lampert Chairman
Kmart Holding Corporation announced that the Board of Directors of the Company has appointed Edward S. Lampert, Chairman and Chief Executive Officer of ESL Investments, as Chairman of the Board. Kmart emerged from bankruptcy court protection Tuesday.
KSA Offers Survival Strategies for Difficult Economic Times
Retailers must focus their attention on eight retail priorities to survive in difficult economic times says Phil Kowalczyk, Managing Director, North America for Kurt Salmon Associates (KSA). “Successful retailers know they must consistently focus on devel
Retailers Welcome Debit Card Lawsuit Settlement
The National Retail Federation has welcomed the settlements reached with Visa and MasterCard this week in a federal antitrust lawsuit brought by U.S. merchants against the two companies regarding their debit card practices. The settlements came in a laws