SGB Update Outdoor
Cutter and Buck Heads Off Shareholder Challenge; Announces Corporate Governance Initiatives
Cutter & Buck Inc. has accelerated its previously announced initiative to eliminate its classified board structure and the related supermajority vote requirement. If the company's proposal is approved by shareholders at their upcoming meeting, all me
Mervyns to Focus on West and Southwest; Will Shutter 25% of Doors
As part of a new business strategy, Mervyns is focusing on the high-growth West and Southwest markets and its strong profitable foundation of 193 stores in 10 states. Mervyns will increase its investment in existing store operations, information technolog
Copeland Sports Returns to Walnut Creek Market
Copelands' Enterprises, Inc. announced the Grand Opening of its newest Copeland Sports store in Walnut Creek, California, marking the company's long-awaited return to the area. The ribbon-cutting for the new store will occur on Thursday, Septem
ISS Issues Reccomendation for Saucony Sale
Saucony, Inc. announced Wednesday that Institutional Shareholder Services, Inc. has recommended that Saucony shareholders vote FOR the proposed acquisition of Saucony by The Stride Rite Corporation at Saucony's special meeting of stockholders on Frid
Symphony Publishing Acquires Footwear Plus Parent
Symphony Publishing, LLC, acquired the assets of Earnshaw Publications, publishers of Earnshaw’s Infants, Girls and Boys Wear Review, Footwear Plus and Small World as well as their associated websites. Terms of the transaction were not announced…
Forzani Posts Q2 Loss on Repositioning Charges; Sees Strong BTS Results…
The Forzani Group experienced a solid fiscal second quarter at retail with positive comps in both corporate and franchise stores. The retail increase was partly due to the inclusion of Nevada Bob's franchise retail sales and the National Sports corp
Ashworth Gets Lift from Gekko to Post Fiscal Q3 Sales Gain, While Department Stores Eat into Bottom Line…
Ashworth, Inc. saw continued weakness in its domestic golf channel business in the fiscal third quarter ended July 31, but is also starting to learn the lessons of increased distribution in the department store channel as heavy markdown allowances attribu
Antigua Sees Q2 Income Fall…
A 3.0% sales gain for the second quarter was not enough to prevent a sharp drop in the bottom line for apparel manufacturer Antigua Enterprises, Inc. Sales increased for the quarter to $13.2 million from $12.8 million last year.
Despite the sales gain, g
Colassi Picks Up Win in Cybex Lawsuit…
A jury verdict has been rendered in the patent infringement suit filed by Gary Colassi against Cybex Int’l, ruling that Cybex's Stableflex deck system, utilized in its treadmills, infringes a patent held by Collasi. The jury awarded $2.5 million in d
Delay of Talks on Embargoes Could Limit Assortments this Winter…
In late June, the Department of Commerce placed quotas on apparel imports from China. Those quotas, which were quickly filled when larger vendors and retailers aggressively moved to secure deliveries, have now turned into an embargo and many retailers may
Foot Locker Sees Gross Margins Hurt by Decreased Vendor Allowances…
Foot Locker, Inc. filed its form 10-Q for the fiscal second quarter last week, revealing that sales in its athletic stores increased 3.1% to $1.23 billion from $1.19 billion in the prior-year period, while the Direct business, which includes the footlocke
Callaway Wins Suit Against Dunlop but Original Damages Halved…
A jury awarded $2.2 million to Callaway Golf in a suit against Dunlop Slazenger over an allegedly false advertisement claiming that Dunlop golf balls went farther. The award was split into two parts, $1.1 million for lost sales and $1.1 million for the co
FFA Provides Physical Education Grants and Workshops…
The Future Fisherman Foundation awarded over $160,000 in National Fishing and Boating Education Grants to various physical education programs in schools across the country. The recipients will use the grant funds to teach fishing and boating in their scho
Hurricane Katrina: The Impact and the Aftermath; How Can the Industry Help the Country Prepare…
When Hurricane Katrina hit the gulf coast last week it was first assumed that New Orleans had lucked out as the storm moved east and hit the Mississippi coast head on. As we all know by now, the subsequent flooding of the city of New Orleans, the effect
World Wide Cycle Supply Recalls Bicycles
The U.S. Consumer Product Safety Commission, in cooperation with World Wide Cycle Supply, is voluntarily recalling about 25,000 Harley-Davidson 16-inch BMX Bicycles. The company stated that the fork that holds the front wheel can separate at the weld, cau
