SGB Update Outdoor
Famous Footwear Banks on Athletic for 2004 Growth…
Famous Footwear president Joe Wood said growth in the women’s business in the fourth quarter was offset by the challenges in the Athletic Footwear business. Wood pointed to price compression across the industry that impacted prices “to the tune of about
FUBU Parent Goes Euro in Kappa Deal…
As the liquidation of the assets of the former Reda Sports company continues, Basicnet S.p.A, the Italian firm that owns the Kappa and Robe di Kappa trademarks has found a new partner in the U.S. to carry on the Kappa name as a licensee. While Reda posit
YY to Put $90mm into Apparel Moves…
Yue Yuen Industrial Holdings Ltd, which is the world’s largest maker of athletic footwear, will apparently put its money where its mouth is in regard to pushing deeper into apparel manufacturing as well. The company last week said it had set aside $80 mi
VF Outdoor Get New Chief; Lay Gets All Jeanswear Businesses…
VF Corporation shuffled the deck in the executive suite last week, moving around the deck chairs in efforts to match up their business units under umbrellas that make sense. The Outdoor Coalition, which includes the Eastpak, Jansport and The North Face b
Rocky Posts Record Year in 2003…
Rocky Shoes and Boots used its new apparel, extended footwear line, and the acquisition of Gates Gloves to post a 14.2% increase in sales for the fourth quarter of 2003, from $25.6 million in 2002 to $29.2 million this year. Net income increased 34.1% in
Exercise Equipment Pushes 2003 U.S. Exports into the Black…
According to a report compiled by SGMA International based on U.S. Commerce Department data, U.S. exports of Sporting Goods products actually inched up 0.9% last year to $1.84 billion from $1.82 billion in 2002. The export number had declined 7.2% in 200
WNBA and Russell Corporation Reach New Marketing Partnership
The Women's National Basketball Association and Russell Corporation have reached a new multi-year marketing partnership beginning with the 2004 WNBA season. The partnership will focus on the Women's Division of Russell Corporation, which include
Sport Supply Group to Voluntarily Delist Shares
Sport Supply Group, Inc. announced that it intends to voluntarily terminate the registration of its securities by filing a Form 15 with the Securities and Exchange Commission on March 5, 2004. SSG expects to realize significant cost savings as a result o
Puma Q4 Earnings Up 96% on 27% Sales Gain; Backlog Up 36%
Puma AG reported that Q4 consolidated sales increased by 27.1% to €227.7 million ($271.1 mm), or up 35.4% on a currency neutral basis. Apparel recorded a growth rate of 17.6% reaching €68.8 million ($81.9 mm), or up 26.4% currency adjusted. Footwear sales
Cerberus to Acquire Guilford Mills in $107mm Deal
Guilford Mills, Inc. has entered into a definitive agreement for an affiliate of Cerberus Capital Management an investment firm based in New York, to acquire Guilford Mills in a cash tender offer. The terms of the agreement provide that Cerberus will comm
Deckers Announces Stock Sale Plan
Deckers Outdoor Corporation announced that it intends to file a registration statement with the SEC for an underwritten offering of approximately 3.5 million shares of its common stock. The shares expected to be sold in the offering will include approxima
Deckers Q4 Net Income Jumps 81% on 39% Sales Increase
Deckers Outdoor Corporation net sales increased 39% to a record of $35.7 million for the 2003 fourth quarter versus $25.8 million in the same period last year. Net earnings for the quarter rose 81% to $2,464,000, compared to net earnings of $1,363,000 las
Back to Back LLC Gets Master License for Kappa
BASICNET S.p.A has executed a Master License Agreement with Back to Back, LLC of New York to distribute KAPPA and ROBE DI KAPPA trademark products in the U.S. The agreement will run for an initial period of 5 years with options to renew for two additiona
Don Ruttenberg to Plead Guilty in JFF Fraud Probe
Don-Allen Ruttenberg, former executive vice president of Just For Feet, Inc. (JFF), has been charged with conspiracy to commit securities fraud, wire fraud, and submitting false statements to the auditors of JFF. Ruttenberg has agreed to plead guilty to
Quiksilver Prevails in Kymsta Trademark Suit
Quiksilver, Inc. has prevailed in its Federal court case against Kymsta Corp. and their claims against Quiksilver and its Roxy trademark. Among other elements, the final judgment also directs Kymsta to refrain from producing any product that is “confusin
