Huffy Names COO; Will Revise Q1 Results and Report Loss
The Huffy Corporation Board of Directors has elected John A. “Jay” Muskovich as Chief Operating Officer of the company. Muskovich was the president and CEO of DoubleSights Displays, LLC until its sale. HUF also announced that it anticipates that it will
Head Q2 Bottom Line Takes Tax Hit; Sales Up 5.1%
Head N.V. reported that net revenues for the second quarter increased by 5.1% to $83.2 million from $79.2 million in the year-ago period. The net loss for the period widened 244% to $30.7 million versus a net loss of $8.9 million in Q2 last year, due pri
Shoe Carnival Q2 Net Up 26% Despite 3.7% Comp Decline
Shoe Carnival, Inc. reported that net income for the second quarter of fiscal 2004 increased 26.2% to $1.9 million, or 15 cents per diluted share, compared with net income of $1.5 million, or 12 cents per dilted share, in the second quarter of fiscal 2003
The Buckle Sees Q2 Profits Jump 49% on 5.8% Comp Sales Gain
The Buckle, Inc. reported net income for the second quarter of fiscal 2004 increased 48.9% to $5.3 million, or 24 cents per diluted share, compared with $3.6 million, or 17 cents per diluted share, for the second quarter of 2003. Net sales for the period
Callaway Picks Up $2.2 Million Verdict in Dunlop Action
A jury in Wilmington, DE on Thursday returned a verdict of $2.2 million in favor of Callaway Golf Company and against Dunlop Slazenger Group Americas Inc. based on a finding that Dunlop willfully engaged in false advertising when it claimed in 2001 and 20
Mossimo Q2 EPS Cut in Half on Softer Retail Sales
Mossimo, Inc. reported second quarter 2004 net revenues of $6.0 million compared to $6.9 million for the same period last year. MOSS reported net earnings of $1.0 million , or six cents per diluted share, in Q2, compared to net earnings of $1.8 million, o
Bell Sports Acquired by Riddell Parent; Fry to Run Merged Company
Private Equity firm Fenway Partners, Inc. will acquire Bell Sports, owner of the Bell and Giro helmet brands, essentially forming the world’s largest protective headgear and related accessories company, for approximately $240 million. Fenway, which owns f
Amer Group Q2 Net Income Falls 49% on Golf Decline, Tobacco Sale
Amer Group’s consolidated net sales in second quarter declined 9.6% to EUR 225.7 million versus EUR 249.6 million in the year-ago period. Net sales declined due to the withdrawal from the tobacco business in March. Net income fell 48.9% to EUR 4.6 million
SGMA: U.S. Customs Encourages C-TPAT Verification Between Businesses
The U.S. Bureau of Customs and Border Protection has established the Status Verification Interface (“SVI”) in the Customs-Trade Partnership Against Terrorism (“CTPAT”) section of its internet website. The SVI will allow C-TPAT members to easily confirm wh
Raleigh Names Pike Director of Marketing
Raleigh America has hired Reed Pike as director of marketing. Pike brings more than 30 years experience in the bicycle industry to the position along with a continuing passion for the sport as an active cyclist and racing fan. His experience includes reta
G3 Taps Parker for Product Marketing
G3 Genuine Guide Gear Inc. has added Paul Parker to its staff. At G3, Parker's time will be focused on a wide variety of product development and marketing initiatives. Paul has a long history of product development in the backcountry ski market with
NSGA: Used SG Equipment Purchases Fell 12% in 2003
Consumers purchased $753 million in used sporting goods equipment in 2003, according to a newly released report by the National Sporting Goods Association (NSGA). For 2002, consumers indicated they had purchased slightly more than $852 million in used sp
Smartwool Adds Two Key Managers; Inks Logistics Deal
Smartwool has hired Mark Bryden as Vice President of Operations and Supply Chain. Mark is making the move from Levi Straus & Co, where he has worked for the last 25 years. Brad Johnson has been named Apparel Director and will lead the design, development
Malden Lands $21 million Military Contract
The United States Congress has approved $21 million for Polartec garments for the US Military in the 2005 Defense Spending Bill. Included in this funding is $1.5 million to continue research and development of electronic textiles for the Army’s Combat Cas
MEC Opens Tenth Store
Vancouver-Mountain Equipment Co-op (MEC), Canada's largest outdoor clothing and equipment retailer, will open its tenth and newest store in North Vancouver late this fall. The 11,800 square-foot North Vancouver store will open upon completion of an e
