SGB Update Outdoor
Gildan Reaffirms 2005 Guidance; Offers 2006 Outlook
Gildan Activewear reconfirmed its EPS guidance for its fiscal year ending October 2, 2005 and introduced guidance for its 2006 fiscal year. The company has updated its guidance in order to be in a position to discuss its results and EPS projections at upc
Palmer Hires Two New Reps
Palmer Snowboards continues to make additions to its sales force with Nick Gotelaere taking on the Rocky Mountain region, and Maximus James’ territory expanding to cover all of California…
European Footwear Vendors Take Issue with EU Anti-Dumping Probe
The European Branded Footwear Coalition, representing many highly regarded European and global footwear brands, today warned of the detrimental impact of the current European anti-dumping investigation being conducted targeting leather footwear and the ha
Sports Chalet Shareholders Ratify Measures
Sport Chalet, Inc. announced the results of its annual meeting of stockholders held September 20, 2005. Shareholders approved a number of measures, including the election of three directors, an increase in the number of outstanding shares and the creation
Russell Corp. to Miss Estimates; Katrina Will Hurt Even More
Russell Corporation announced today that it expects fully diluted earnings per share for the third quarter of 2005 to be between 50 cents and 60 cents and full year earnings in the $1.25 to $1.35 range on an ongoing basis, which is below the company'
Yue Yuen Fiscal Q3 Net Hurt by Oil and Labor Costs
Yue Yuen Industrial (Holdings) Limited reported that revenues for the fiscal third quarter ended June 30 rose 11.9% to $859 million and net profit declined 9.9% to $84 million year on year respectively. The Group’s gross margins were affected by increase
Zoic Hires Pat Flanagan as Sales Director
ZOIC Clothing hired Pat Flanagan as director of sales. Pat brings over 20 years of sales and marketing experience to ZOIC, including 8 years spent building sport specialty distribution for Clif Bar, Inc. “We identified sales leadership as a critical nee
GSI Commerce Inks Agreement with NY AG Over Web Partnering Practices…
The Associated Press is reporting that GSI Commerce has agreed to adopt changes in its pricing practices after New York Attorney General Eliot Spitzer accused the Internet services company of going “too far when it manipulated the prices of competing spor
Second Quarter Retail Results Get Boost from IPO’s, Mergers and Acquisitions…
The retail sector offered little excitement in the second quarter as athletic specialty and sporting goods retailers settled into their newly merged formats that produced little energy in the comparable store line. Genesco’s triumvirate of specialty name
Mainland Headwear Reports Weak H1, Has High Hopes for Back Half…
Sales and profits were down for the first half of the year for Chinese headwear manufacturer, Mainland Headwear. The company pointed to the loss of the MLB license and the NHL lockout as culprits for much of the downturn, while looking to the back half a
Yue Yuen Signals Negative Impact of Oil Prices, Labor Costs…
A key indicator may show that increasing oil prices and a growing Chinese economy are apparently working their way into the footwear manufacturing pipeline. Last week, Chinese footwear manufacturer Yue Yuen Industrial Limited reported a profit decline in
Kinetic Files for Bankruptcy After Loss of Etonic License…
Kinetic Sports, the former running and walking products licensee of the Etonic brand, filed for Chapter 11 bankruptcy protection in early September. In June, Etonic Worldwide announced that it would be bringing its running and walking products back in-hou
The Stride Rite Corp. Completes Saucony Acquisition…
The Stride Rite Corporation late Friday announced that it had completed the acquisition of Saucony, Inc. The acquisition is being financed with cash on hand and borrowings under a new $200 million revolving credit facility led by Bank of America, N.A. T
Ashworth Appoints CFO; COO Departs…
Ashworth, Inc. has appointed Peter S. Case to the position of EVP, CFO, and treasurer. He has been acting in an interim role. Peter Holmberg was also promoted to EVP of merchandising, design, and production. Per Gasseholm has resigned from his position as
Intrawest Sees Growth in Ski and MTB…
Intrawest mountain resorts experienced mixed results with generally good weather conditions in the East and in the U.S. west, but this was offset by the most unfavorable weather conditions for the ski industry in 40 years in British Columbia. Total skier
