Hanesbrands Revises Earnings Growth Forecast
Hanesbrands Inc., the parent of Champion and Duafold, said it does not expect to achieve its earnings target in 2009 and that it its amending its credit facility. The company predicted low to mid-teen percentage unit volume declines in early 2009 amid low
Iconix Reports Q4 Earnings Fall 10%
Iconix Brand Group, Inc. said revenue for the full year ended Dec. 31. 2008 increased 35.5% to approximately $216.8 million, as compared to approximately $160.0 million in the prior year…
Univ. of Michigan Severs Ties with Russell
The University of Michigan has ended its licensing agreement with Russell Corp. over what it said is the company's denials of workers' rights in Honduras, according to a report by the Associated Press…
SIGG Switzerland Names New VP of Marketing
SIGG Switzerland has appointed Scott Radcliffe as vice president of marketing. An industry veteran in the lifestyle category, Radcliffe has demonstrated success in the development and implementation of strategic and integrated marketing programs for leadi
Movement NA Hires Couperthwait as Consultant
Recreation Outfitters Inc. (ROI), the Vancouver BC-based distributor of Swiss-made Movement Skis, announced that snowsports industry veteran, George Couperthwait, will be joining Movement North America in a consulting role. His focus will be with the Mov
OBIT: Founder of Crazy Creek Rob Hart Dies in Ski Accident
Robert “Rob” Dixon Hart, 51, of Red Lodge, MT, died Feb. 20 in a skiing accident on Red Lodge Mountain. Hart founded Crazy Creek Products with his first wife Louise “Weezie” Chandler in Red Lodge, MT in 1988…
Wolverine Hires New Members for Global Operations Group
Wolverine Worldwide has hired new employees for the Global Operations Group. Eric Goldner has joined the team as the Vice President, Procurement & Costing; Dan Spiegel joined the GOG team in Big Rapids on Jan. 19 as the Director of Operations in Big Rapid
Signature Eyewear Achieves Fourth Year of Profitability
Signature Eyewear, Inc., the maker of Cutter & Buck and Hummer eyewear, was able to pull off its fourth consecutive year in the midst of an economic meltdown. The company reported net income of $622,000 on net sales of $24.5 million for the fiscal year en
Report: JJB to Close 46 Lifestyle Stores
Reports out of the U.K. have KPMG, which was named administrator of JJB's lifestyle Original Shoe Company and Qube stores, closing 46 of the 77 door in operation. This move will in turn cause 438 positions to become unnecessary for the retailers. The
Rawlings Files Suit against Easton for Trademark Infringement
Rawlings Sporting Goods Company, Inc. on February 6 filed suit against Easton Sports Inc. in the U.S District Court for the Eastern District of Missouri Eastern Division, alleging infringement on its Titan trademark. According to the filing, Rawlings has
Volcom Inc. Sees Slight Q4 Sales Increase
Volcom, Inc. said total consolidated revenues for the fourth quarter inched up a bit to $69.6 million, compared with $69.1 million in the Q4 2007…
Skechers Posts Q4 Loss as Margins Shrink
Skechers USA Inc. said it posted a loss in the 2008 fourth quarter, a loss the company attributed to the weak retail environment. Lower margins for the period were the result of the company cutting inventories to match lower consumer demands. Net sales f
Billabong Posts Strong Sales Growth, But Margins Suffer
Billabong reported that first half net sales jumped 22.1% as healthy growth in the company’s home Australasian market was outpaced by stronger gains in the Americas and Europe. Net sales grew to A$808.6 million ($632.6 mm) from A$662.0 million ($575.2 mm)
Element 21 Cuts Operating Loss
Element 21 Golf Company generated fiscal Q2 revenue of $430,651, an increase of 168% compared to revenue of $255,801 in the same period in fiscal 2007…
Pacific Sunwear Fires Back at Adrenalina
Directors at Pacific Sunwear called a planned board battle by Adrenalina a waste of time and money and said they back efforts by the retailer’s chief executive to turn around the business…
