Nike Appoints Starbuck’s CEO to Board
Following its annual meeting of shareholders on September 20, Nike appointed Starbucks president and CEO Orin C. Smith to its board of directors. Nike's board of directors now numbers 10. At its annual meeting of shareholders Mr. Knight also recogniz
Stride Rite Third Quarter EPS Flat on Slight Sales Increase
The Stride Rite Corporation sales for the third quarter of fiscal 2004 were $140.4 million versus $139.7 million in the comparable period of fiscal 2003. Net income for the third quarter totaled $6.2 million or $.16 per diluted
share, as compared to net i
Timberland Again Lauded for Work Culture
The Timberland Company has been named to the list of “100 Best Companies for Working Mothers” by Working Mother magazine. Companies are selected for the list based on information about their corporate culture, employee population and policies on work/life
Pacific Sunwear Elects New Board Director
Pacific Sunwear of California, Inc. has elected Michael Goldstein to its Board of Directors. Mr. Goldstein is currently Chairman of the Toys “R” Us Children's Fund, Inc., a charitable foundation. He also serves as a director for several retail compa
Race Face Hires Base Camp Communications
Race Face Performance Products has added Base Camp Communications, the Jackson, Wyoming-based public relations and brand communications firm, to their marketing team. Base Camp Communications will work with Race Face to develop and execute publicity progr
Jarden Acquires Camping Market Share Leader
Jarden Corporation, the company behind several consumer brands such as Bicycle playing cards and FoodSaver vacuum food storage devices, has acquired all of the assets and assumed all debt of Coleman’s parent company, American Household. The $745.6 million
SMS Clothing Attracts New Investors and Hires Marketing Mgr.
SMS Clothing has appointed a new sales manager and attracted new investors to “take their technical outerwear line to the next level.” Peter Godber recently joined the SMS team as North American Sales Manager…
Cherokee Announces Renewal of Mervyn’s Licensing Agreement
Cherokee Inc. reported that Mervyn's has extended its existing licensing agreement with Cherokee for an additional three (3) year period through January 31, 2008. The Mervyn's licensing agreement is for Cherokee's Sideout brand…
DC Shoes Adds Muscle to DC Films Unit
In a move to expand DC’s video production department, DC Shoes, Inc. has added Kirk Dianda as Producer/Director of DC Films. In his new role, Kirk will be responsible for directing, producing, filming and editing a variety of DC video projects under Greg
NSGA: Senate Approves $75 Million in PEP Funding for 2005
The National Sporting Goods Association is reporting that the Senate Appropriations Committee approved the fiscal year 2005 education spending bill last week, and included in the bill was $75 million for the Carol M. White (PEP) Physical Education Program
SGMA: H1 Athletic Footwear Spending Rises 5%
SGMA International is reporting that consumer spending for athletic footwear during the first six months of 2004 rose 5% over spending during the same period in 2003, according to research by The NPD Group. Spending during the first half was $7.73 billio
Nike Beats Fiscal Q1 Street Estimates; U.S. Futures Up 11%
NIKE, Inc. reported that revenues for the fiscal first quarter ended August 31 increased 18% to $3.6 billion, versus $3.0 billion for the same period last year. Net income totaled $326.8 million, or $1.21 per diluted share, compared to $261.2 million, or
Fu Sheng Acquires Certain Coastcast Assets
FS-Precision Tech Co LLC, a subsidiary of Fu Sheng Industrial Co, Ltd., has acquired the non-golf business and certain assets of Coastcast Corporation. The all cash transaction included the Rancho Dominguez facilities and assets. Coastcast has retained it
Atomic Tunes Race Department
In preparation for another season of World Cup racing, Atomic Ski is pleased to announce the promotion of Jake Strassburger to its Race Department. Having worked with Atomic for three years, Strassburger fills the newly created position of Race and Promot
Jarden Corp. Acquires Coleman Parent Company
Jarden Corporation has signed a definitive agreement to acquire privately held American Household, Inc. for $745.6 million in cash for the equity and the assumption or repayment of indebtedness. American Household is the parent of The Coleman Company, Inc
