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
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…
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…
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
Skechers Q1 Net Income Off 17.6%, But Still Beats Street
Skeckers USA, Inc. reported that net sales for the first quarter of 2004 rose 6.2 percent to $221.5 million compared to $208.6 million in the first quarter of 2003. Net earnings for the quarter were $7.0 million, or 18 cents per diluted share, versus net
Emu Expands U.S. Presence
EMU Australia has added Michael Fischer and Tiana Phillips to the EMU North American team. In his new role, Fischer will serve as the customer service and product line manager and will assist with product development and design for footwear, accessories a
Unifi Q3 Net Loss Grows on Restructuring Charges
Unifi released operating results for its third quarter of fiscal year 2004. The Company reported a net loss of $50.0 million or 96 cents per share for the quarter ending March 28, 2004, which compares to net income of $1.1 million or 2 cents per share for
Foot Locker Prevails in Footaction Acquisition Bid
Footstar, Inc. has confirmed that the U.S. Bankruptcy Court has approved the sale of approximately 350 Footaction stores to Foot Locker, Inc. for $225 million in cash, subject to certain closing adjustments and regulatory approvals. Foot Locker increased
Ski Systems Help Specialty Sales
Integrated ski systems helped the alpine ski equipment category this season with admirable gains in both specialty and chain stores. In the specialty stores, all integrated ski system sales were up 25% in dollars through February, prompted by average reta
