SGB Update Apparel
Timberland Restructures for the Future…
In conjunction with reporting its financial performance for the fourth quarter and the year, Timberland announced the departure of the company’s COO, Ken Pucker, who had been with the company for 15 years. Beginning in the second quarter, Timberland will
Timberland Fourth Quarter Impacted by Slower Boot Business…
Timberland continues to struggle with its urban boot business, but improvements and strong growth in several of its other categories are offsetting the majority of the revenue declines. Overall TBL revenue growth improved during the fourth quarter, suppor
Quiksilver Cuts Guidance But K2, Inc. Raises Their Outlook…
Quiksilver, Inc. has adopted a more cautious outlook for the remainder of this year and next year's early season due to the unseasonably warm winter and poor snow conditions in the U.S. and in Europe. ZQK now expects first quarter fiscal 2007 revenue
Nautilus Acquires Manufacturer; Posts Record Q4…
Nautilus, Inc. finished the 2006 fiscal year with a step towards verticality as it announced plans to acquire one of its major manufacturing partners, Xiamen, China-based Land America Health and Fitness Co., Ltd. Consideration for the acquisition is appr
Asics Sees Bottom Line Outpace Q3 Sales Gains…
For the third quarter, Asics Corp. saw net sales increase 17.6% to ¥46.8 billion ($397.4 million) from ¥39.8 million ($339.8 million) last year. Gross margin for the company decreased 80 basis points to 45.1% of net sales from 45.9% during the same period
Asics Takes Skechers to Court over Stripes…
Asics America Corporation and Asics Corporation Japan have filed a lawsuit in the U.S. District Court, Central District of California against Skechers U.S.A., Inc. for trademark infringement, unfair competition, trademark dilution and false advertising. A
adidas Continues Partnership with Intersport…
adidas and Intersport International Corporation extended their existing strategic cooperation, which was entered into in 2003, until 2012. This deal will ensure integrated business development going forward, strengthening the sales and distribution proces
Speedo Partners with Symphony for China…
Speedo International Limited entered a partnership with Symphony Resources Ltd, a subsidiary of Symphony Holdings Ltd., granting Symphony the master license for the Speedo brand in China and Taiwan.
Speedo’s previous licensing partnership for China and T
Climbing Continues Growth…
While the rest of the winter market is already bringing out the close-out signs because of the lack of snow, the climbing category seems to be relatively healthy. Most vendors on the floor were surprised by the up-beat nature of the retailers who came by
Sport-Haley Sales Dip Takes Net Income into Red
Sport-Haley, Inc. saw net sales for the fiscal second quarter ended December 31, 2006, of $4.2 million, decreasing 5% from $4.4 million for the same period last year. The company saw net income slip to a loss of $221,000 for the quarter from a profit of $
Raynor Inducted Into Running USA Hall of Champions
Tom Raynor, chairman and CEO of Fleet Feet, Incorporated, was inducted into the Running USA Hall of Champions at their annual awards dinner in San Diego on Tuesday evening. Raynor was recognized for his leadership, innovation and outstanding contributions
Converse Ends Council of Presidents Lawsuit with License
Converse and representatives from the Council of Presidents, which comprises the leadership of nine historic African-American Fraternities and Sororities, ended a trademark infringement suit filed by the Council in 2003 by entering a into a licensing agre
Wal-Mart January Comps Climb 1.9%
Wal-Mart Stores, Inc. net sales for the five-week month of January increased 9.6% to $20.473 billion compared to $18.684 billion last year. Comparable store sales increased 1.9%…
Foot Locker Fourth Quarter Sales Slip 0.6%
Foot Locker, Inc. posted a 0.6% decrease in 13-week fourth quarter sales to $1,553 million from $1,564 million in the comparable period last year. For this same 13-week period, comparable store sales decreased 3.4%. For the 52-week period ended January 27
Costco January Comps Climb 2%
Costco Wholesale Corporation reported net sales of $5.57 billion for the month of January, the five weeks ended February 4, 2007, an increase of 7 percent from $5.21 billion in the same five-week period last year. Comps increased 2% for the month…
