Golfsmith Promotes Sue Gove to President
Golfsmith International Holdings, Inc. announced that Sue E. Gove has been appointed president of the company, in addition to maintaining her role as chief operating officer and chief financial officer…
Warm Weather No Problem for VF Corp.
VF Corp. reported profits for the fourth quarter on an adjusted basis jumped 34 percent, benefiting from the acquisition of Timberland Co. as well more than 20 percent growth for The North Face and Vans brands…
Skechers’ Toning Hangover Continues
Skechers USA, Inc. reported fourth-quarter sales slumped 37.7 percent to $283.2 million. While the decline reflected difficult comparisons against a record fourth quarter 2010 that included higher priced toning footwear, it also reflected lower-than-expec
Latin America Fuels Double-Digit Q4 Growth for Puma
Puma reported earnings more than doubled in the fourth quarter as currency-neutral sales grew 15.8 percent. For the full year, Puma, controlled by French luxury goods group PPR, accomplished its goal of reaching €3 billion ($3.96 bn) in revenues. Ea
Black Diamond Stock Offering Could Provide up to $23 Million for Acquisitions
Shares of Black Diamond Inc. closed Friday up nearly 5 percent on more than 2.5 times average trading volume after it offered 7.75 million shares of stock for sale. After using $25 million in proceeds to pay down a line of credit, the company could use pr
MandA Fees Hurt Derby Cycle Earnings in Fourth Quarter
Derby Cycle AG said preliminary figures indicate its sales increased 6.6 percent in the quarter ended Dec. 31 2011, but that costs incurred fighting off an unsolicited offer hurt profits…
Advocates Say New Government Report Shows Endangered Programs May Be Reducing Cycling Fatalities
As bicycle advocates closed ranks in Washington D.C. last week to prevent Congress from gutting federal funding for pedestrian and bike trails, an obscure federal report emerged indicating those programs may have helped reduce cycling fatalities in 2009.
K-Swiss’ Outlook Disappoints
While posting a steeper loss in its fourth quarter, K-Swiss Inc. indicated that slowing backlog orders would cause its revenues to decline in the current year…
Perry Ellis Acquires Ben Hogan
Perry Ellis International, Inc. has completed the purchase of the worldwide intellectual property rights of the Ben Hogan family of brands from Callaway Golf Co. The company will also assume all license arrangements, including South Korea & Japan, for app
Longworth Industries Names 2011 Reps of the Year
Longworth Industries, parent company of Polarmax, XGO, and AYG 365’s branded technical base layers, named Spence Bocks and Bill Kendall as its reps of the year for 2011 for the Polarmax and AYG Underwear brands, respectively.
Cybex International Profits Resume In Absence of Legal Settlement
Cybex International, Inc. returned to profitability in the fourth quarter after adjusting its earnings to reflect the final costs of settling a multi-million product liability case. But the company also reported an 8 percent gain in net sales fueled large
Ironcald Performance Wear Launches Coleman Glove on Web
Ironclad Performance Wear Corporation is using a limited time, web-exclusive promotion to launch technical performance gloves its developed under license from The Coleman Company for the outdoor sports and camping enthusiast…
Cabela’s to Open Three Stores with New Format in 2013
Cabela’s Incorporated plans to open three next-generation stores with footprints ranging from 80,000- to 88,000 square feet, and relocate its Winnipeg, Canada, store in 2013. The company divulged the plans after announcing improving retail margins i
VF Corp. Sales and Earnings Get Boost from Timberland
VF Corporation reported revenues rose 36.9 percent to $2.91 billion from $2.13 billion in 2010, with the Timberland acquisition adding $549 million to revenues. Organic revenue growth in the quarter was 11 percent. All VF coalitions achieved higher revenu
Cabela’s Q4 Profits Climb 25 Percent
Cabela's Inc. said net income increased 25 percent in the fourth quarter with a 1.7 percent comparable-store gain…
