SGB Update Outdoor
Golfsmith Expanding Tennis Specialty Format
Golfsmith International Holdings, Inc. announced its strategy to add tennis centers in up to 60% of its stores in major tennis markets by summer 2005. Golfsmith recently began operating tennis centers in Atlanta, Austin, Dallas, Denver, Houston, Orlando a
Wolverine’s O’Donovan Adds Chairman to Title
The Wolverine World Wide, Inc. Board of Directors have unanimously elected Timothy J. O'Donovan to the additional office of Chairman of the Board of Directors. O'Donovan succeeds Geoffrey B. Bloom as Chairman…
Callaway Lives Up to Lowered Expectations in Q1
Callaway Golf Company reported that consolidated net sales for the first quarter ended March 31 fell 17.6% to $299.9 million, compared to $363.8 million in the year-ago period. Net income plunged 54.7% to $18.4 million, or 27 cents per diluted share, com
Oakley Acquires Five Retail Locations from Optica
Oakley has acquired five Optica retail locations through Iacon, Oakley's wholly owned sunglass specialty subsidiary. These optical stores are located in Southern California, Boston, Las Vegas and Puerto Rico. Specific terms of the Optica acquisition
NRF Revises Full Year Retail Forecast
Though consumers have competently held up the economy for the past year, the party won't continue much longer. The National Retail Federation (NRF) revised its 2005 sales forecast based on the inclusion of new merchandise categories, predicting that
Oakley Q1 Sales Climb 10.2%; EPS Nearly Doubles
Oakley first quarter net sales increased 10.2%, to $141.8 million, a first quarter record, compared with $128.6 million in the first quarter of 2004. Net income for the first quarter totaled $7.4 million, or $0.11 per diluted share, compared with net inco
Mountain Khakis Adds New Board Member
Mountain Khakis has added its first outside board member, Dow Bauknight. Bauknight is a former Accenture partner who was responsible for the Global Supply Chain Practice. He also initiated ePValue a global online purchasing company for Accenture, managin
Stride Rite Investor Group Finds Fault with Option Grants
Barington Capital Group, L.P., which represents a group of investors in The Stride Rite Corporation, on Tuesday sent a letter to Stride Rite chairman and CEO David Chamberlain voicing concerns over the number of stock options that have been issued to seni
Brown Shoe Prices Senior Notes to Fund Bennett Deal
Brown Shoe Company, Inc. has priced $150 million aggregate principal amount of its 8.75% Senior Notes due 2012 in a private placement. The offering is expected to close on or about April 22, 2005. The issuance of the notes is conditioned upon the consumma
Director of Accounts Logistics and Compliance — Converse
Converse, Inc. is seeking a Director, Accounts Logistics and Compliance to help drive service excellence for our Domestic Operations. The ideal candidate with collaborate with key internal partners to provide innovative compliance and service prog
ICON Q3 Margins Haunted by Commodity Prices, Slower Direct Business…
ICON Health & Fitness saw its Cardio equipment start to regain some of its energy again in the fiscal third quarter ended February 26 as the division posted its first increase in sales since Q3 in the prior year. Still, the increase in the company’s core
Prince Sports Taps Doug Fonte to Lead U.S. Effort…
Former Penn Tennis president Doug Fonte has been coaxed out of semi-retirement and will be joining the Prince Sports team as the new president of Prince USA. He replaces Bill Foy, who had moved over to Prince from the GM spot at Prince’s former sister co
Karstadt Reflects German Retail Woes…
The retail scene in Germany continues to stymie a rebound in Europe as a high unemployment and a stagnant economy keep consumers out of the stores. German retailing and mail-order powerhouse Karstadt-Quelle AG is both a recipient and a contributor to the
Rebel Sports Sees “Patchy” Conditions Curtail Comps Sales Growth…
Rebel Sports reported that total sales for the fiscal third quarter ended April 2 increased 6.4% to A$76.5 million (US$59.5 mm), compared to A$71.8 million (US$48.5 mm) in the year-ago period. For the nine month period, sales were up 5% to A$238.4 millio
Quiksilver Gets Workers Thumbs Up in Rossignol Deal…
Quiksilver, Inc. has executed the stock purchase agreement with the Boix-Vives family, which holds a majority interest in the Rossignol Group. While the deal, which is said to worth approximately $320 million in cash and stock, was initially announced in
