SGB Update Outdoor
Phil Knight Adds Color on Impending CEO Move…
Phil Knight made an appearance on the quarterly conference call with analysts to discuss the company’s fiscal second quarter results, but also took the opportunity to outline the thought process behind his departure as president and CEO of NIKE, Inc., the
Quiksilver Breaks Billion Dollar Threshold in Fiscal 2004; DC Integration Progresses…
Quiksilver, Inc. has doubled its revenues in the last three years, boosted earnings 134% over the same timeframe, and has seen its market cap surge to $1.75 billion from just about $400 million when the company reported year-end earnings three years ago.
Ashworth Gets Q4, Fiscal Year Boost from Diversified Business Model…
Ashworth got a nice bump from both its International business and its Callaway license in the fiscal fourth quarter ended October 31, but it was the addition of the Gekko brands and its distribution network that helped boost consolidated net revenue 49.3
adidas-Salomon Sees Record Football Year; Expects to Double Asia Business…
adidas expects to “once again achieve new record sales in football” in 2004, according to recent comments made by Herbert Hainer, CEO of adidas-Salomon AG. “We have great momentum and this momentum will continue well into 2006 and beyond when the FIFA Wor
B.O.S.S. Has an Eye On… Backcountry.com
In the mid 90’s during the height of the dot com bubble, John Bresee and Jim Holland worked together running internet sites for other companies and publishing a ski resort newspaper in Snowbird, Utah. The pair wanted to launch a core retail shop catering
Perry Ellis Int’l to Acquire Tropical Sportswear Out of Bankruptcy…
Perry Ellis International, Inc., parent company of the Jantzen business that licenses Nike swimwear, announced last week that is will acquire “certain domestic operating assets” and all outstanding capital stock of the U.K. subsidiary of Tropical Sportswe
Everlast to License Women’s Apparel to Jacques Moret…
Shares of Everlast Worldwide more than doubled for the week after the company last week signed its biggest deal to-date handing over its U.S. women’s business to Jacques Moret, Inc. in a license deal that commences January 1, 2005. JMI will pay approxima
Foot Locker Inks ESPN Deal; Settles Discrimination Case…
Foot Locker Inc.’s consumer direct unit, Footlocker.com, has inked an agreement with ESPN.com to run ESPN Shop, an ESPN-branded direct mail catalog and e-commerce site. Both the catalog and the E-commerce site feature a variety of ESPN-branded and non-ES
Holiday Retail Forecasts Bolstered by November Sales Numbers…
Based on data reported by the U.S. Commerce Department, November GAFS retail sales, which include most general merchandise categories, rose 4.7% over last year. The National Retail Federation said that November sales were in line with their forecast of 4
Russell Corporation Dips Toe Deeper into Specialty Channel with Brooks Deal…
After months of speculation about the pending sale of three more athletic footwear companies, it is Brook Sports that has made the first move, with parent JH Whitney inking an agreement last week to sell the company to Russell Corporation in a deal worth
Salomon Cutting French Jobs; Will Move Production East
Salomon has launched a restructuring program to improve its profitability and further ensure long-term competitiveness. By 2007 Salomon's ski production in France will be reduced to 35% from a current 55%, mainly by increasing production in Romania.
IISA to Restructure; Mathis to Move to SGMA
The Board of Directors of the International Inline Skating Association (IISA) agreed that the group has accomplished its original mission and will subsequently right-size the Association in 2005 in response to that accomplishment. The restructure will re
Skechers USA Settles Three Class Action Suits
Skechers USA, Inc. has reached a preliminary agreement to settle three disputed class action lawsuits brought by former and current store managers, assistant store managers and employees of the company's retail stores. The preliminary settlement, wh
Veltec Launches SnowSports Division
Veltec Sports is bringing their expertise and marketing horsepower to the slopes this winter. Veltec’s new Snow Sports Division will make its official debut at January’s SIA Show, showcasing the latest helmets, goggles and eyewear from Briko, energy nutri
Sport-Haley to Look at Strategic Alternatives
Sport-Haley, Inc. has engaged the investment banking firm of Caymus Partners LLC to assist the Company in exploring potential strategic alternatives to maximize shareholder value. It is not known at this time whether any transaction will result from explo
