SGB Update Footwear
Prince Swaps PE Investors
Four years after acquiring Prince, Inc. from the Benetton Group, the Prince management team has swapped out investment partners, replacing Lincolnshire Equity Fund II LP with Nautic Partners, LLC. Based in Providence, Rhode Island, Nautic Partners is a pr
The Athlete’s Foot Parent Posts Sequential Sales Gains
NexCen Brands, Inc. reported that total revenues for the second quarter sequentially increased to $8.9 million, compared to $3.9 million in the first quarter of 2007. The company reported a net loss of ($245,000) or a penny per diluted share for the quart
Head Q2 Winter Sports Gains Not Enough to Offset Racquet Softness
Head N.V. saw sales decrease 3.4% for the second quarter to €61.6 million ($83.1 mm). The company posted a net loss for the period of €6.5 million ($8.8 mm), growing 38.3% from a €4.7 million ($5.9 mm) loss in Q2 2006. Winter Sports revenues for the quart
TJX’s July Comps Rise 5%; Ups Q2 Outlook
The TJX Cos' sales for the four weeks ended August 4 were $1.3 billion, up 8% over the $1.2 billion achieved the prior year. Comparable store sales gained 5%…
Ross Stores Comps Inch Up 1%
Ross Stores, Inc. reported sales of $450 million for the four weeks ended August 4, a 9% increase over the $414 million in sales during the prior year. Comps gained 1%…
Franklin Sports Named Dir. of Sales, Midwest
Robert Pacanowski has been named Director of Sales, Midwest Region for Franklin Sports, Inc. reporting to VP of Sales –U.S., Joseph Murphy. An industry veteran of over 25 years, Pacanowski has been with Franklin for the past decade. He previously held th
Adams Golf Sales Climb 18%
Adams Golf reported net sales of $30.4 million for the second quarter ended June 30 compared to $25.7 million a year ago, a gain of 18%. Net income reached $2.5 million, or 10 cents a share, up from $1.8 million, or 8 cents, a year ago…
Iconix Brand Group Posts Strong Second Quarter Gains
Iconix Brand Group, Inc. second quarter licensing revenue increased 113% to approximately $39.1 million from $18.4 million in the second quarter of 2006. Net income for the second quarter was $14.8 million, jumping 78.3% from last year's $8.3 million
Callaway Golf Sees Fusion Drivers Give Second Quarter More Loft…
Callaway Golf Company saw its margin initiatives continue to pay off in the second quarter as net income growth well outpaced sales growth. A mix shift that saw a larger percentage of sales occur in Woods than Irons also helped boost margins and the bott
Big 5 Q2 Net Income Falls on Macro Trends…
The big news for Big 5 in Q2 was an end to 45 consecutive quarters of positive quarterly comps results. Management noted the difficult macro-economic environment as a cause behind the sales decline with President and CEO Steve Miller saying they are “se
WSA Show Offers Little to Quell Market Concerns…
The mood at the recent WSA show was quite somber, with retailers and exhibitors alike feeling the chill of the malaise in the athletic shoe business. Foot Locker’s broad restructuring news, which broke just as the show was opening, definitely put a dampe
Asics Sees Q1 FX Rates Boost Bottom Line Growth…
Asics Corporation saw a double-digit first quarter sales increase mirrored in net income growth, despite decreased margins and increased expenses as a result of beneficial currency exchange rates. Global net revenues increased 10.0% to ¥56.84 billion ($47
Coleman Parent Q2 Boosted by Acquisitions…
Leading up to Jarden Inc.’s expected acquisition of K2, Inc. later this month, the company reported some strong results in its Outdoor Solutions segment, which includes Coleman and Pure Fishing. Most of Jarden's reported year-over-year Q2 net sales g
Gramicci Hires New Sales Agency
Gramicci apparel completed its restructured US sales team with the addition of outdoor industry veteran sales agency YPS Inc.
YPS, with offices in Seattle and Portland, is lead by founder Ned Johnson and his sales team of Steve Plass, Rob Scott, and Kath
Mizuno First Quarter Sales Rise 7.5%
Mizuno Corp. saw first quarter net sales increase 7.5% to ¥46.92 billion ($389.0 mm) from ¥43.64 billion (381.4 mm) in the year-ago quarter. The company said it experienced strength in Footwear, Diamond Sports and Golf, but Apparel was soft. Gross margins
