SGB Update Outdoor
Insurance Problems Impact Dorel’s EPS
Due to a dispute with one of its insurance carriers over the aggregate amount of insurance available to the Company, Dorel Industries is recording a charge for liability claims in the amount of US$6.5 million pre-tax in the first quarter ended March 31, 2
VF Corp. to Buy Vans in $396 Million Deal
VF Corporation has signed a definitive merger agreement to acquire Vans, Inc. Vans' sales in fiscal 2003 were $330 million, and the company has indicated that it expects sales of approximately $346 to $349 million in fiscal 2004, which ends May 31.
Brunswick Net Earnings Jump to $48 million; Sales Up 28%
For the quarter ended March 31, 2004, Brunswick Corporation reported a net sales increase of 28 percent to $1,199.6 million, up from $934.5 million a year earlier. Operating earnings rose to $78.5 million compared with $13.0 million in the year-ago quart
Bite lands LPGA Distribution Deal
Bite Footwear will distribute, through an agreement with Benchmark a.k.a. RMP Athletic, the LPGA’s new apparel line for women. The line bears the LPGA logo and will be available this May…
Q1 Sales Jump 15% at VF Corp; Net Income up 13%
VF Corporation announced better than anticipated results for the first quarter. Q1 sales rose 15%, to $1,432.7 million from $1,250.0 million in the prior year's first quarter. Net income increased 13% to $103.9 million from $92.1 million, with earnin
Filmar Acquires Merkeley
Filmar Corporation executives (manufactures of Bula headwear) signed the final papers for the purchase of Merkley Headgear. Although celebrating its third decade as an authentic brand in the ski resort headwear marketplace, Merkley was recently facing fin
Lavin Joins Outside Magazine’s Sales Team
Outside magazine has added Terry Lavin to the sales team as account manager. Terry will join the magazine's New York-based staff and report to the Eastern advertising director, Skip Gilbert…
Optimer Promotes Karen Deniz to President of EU Division
Wilmington-based Optimer Performance Fibers has promoted Karen Deniz to president of their European division from vice president of marketing. Deniz will also continue to oversee marketing for Optimer…
Urban Outfitters Ups Guidance; EPS Will Double
Urban Outfitters, Inc., which operates retail stores under the Anthropologie, Urban Outfitters and Free People brands, said that quarter-to-date comparable store sales continue to significantly exceed the sales plan set at the beginning of the year. Q1 C
Gander Mountain Closes IPO; Appoints New Baord
Gander Mountain Company closed its initial public offering of 6,583,750 shares of its common stock at a price of $16.00 per share, including the underwriters' over-allotment option. Under terms of the original filing, a number of Erickson family mem
GSI Commerce Hires Human Resources Chief
GSI Commerce, Inc. has hired James Flanagan, 43, to the newly created post of senior vice president of Human Resources. Flanagan, an HR executive with more than 18 years' experience, will report to Michael Rubin, chairman and CEO of the company…
Luxottica Q1 Sales Rise 7.9%
Luxottica Group S.p.A. announced results for the quarter ended March 31, 2004. Net sales for the quarter improved by 7.9% to €760.4 million ($949.9 mm). Operating income for the quarter improved 7.9% to €120.1 million ($150.0 mm). Consequently, the operat
Reebok to Issue $300 Million in New Debt
Reebok International Ltd. intends, subject to market and other conditions, to sell through a private offering up to $300 million of convertible debentures due 2024. The company will grant to the initial purchasers an option to purchase up to an additional
PUMA Launching Bodywear Line in U.S.
PUMA North America has launched of a new collection of bodywear designed and manufactured by Schiesser Lifestyle to be sold through their exclusive U.S. distributor, United Legwear & Bodywear…
NMa orders Accell to pay $15.1 Million Fine for Price Fixing
The Nederlandse Mededingingsautoriteit, or NMa, [Netherlands Competition Authority] announced that Accell Group has been ordered to pay a fine of €12.8 million ($15.1 million) because of an infringement of the law on Competition with regard to alle
