Columbia Makes Moves to Get Outerwear Business Back in Line…
Columbia Sportswear continued to log double-digit gains in both net income and sales in the second quarter despite continued declined in the company’s Outerwear business. COLM looks to right the Outwear ship as it moves its Sportswear chief over to bring
Gilburne Gets Probation in JFF Case…
Adam Gilburne, the former president of Just for Feet stores, was sentenced by Chief United States District Judge U.W. Clemon to 60 months probation and must pay a $1,000.00 fine and $389,000.00 in restitution. This sentencing follows his May 2004 guilty p
Reebok Shrugs Off Talk of Trouble in Licensed; Point to New Opportunities…
Despite warnings from retailers and downgrades from analysts, Reebok appears to be convinced that their Licensed Apparel business is going to be okay. Even with sales and backlog slowing for the category and the company, they have little choice but to ke
Former Hilfiger Exec Named CEO at Malden Mills
Michael Spillane has been named the President and Chief Executive Officer of Malden Mills Industries, Inc. Spillane, the former President for Children’s Apparel & Men’s Underwear and Loungewear at Tommy Hilfiger U.S.A, will begin work at Malden Mills imme
Unifi Inks Deal to Acquire Invista Assets
Unifi has agreed to acquire the INVISTA polyester filament manufacturing assets, including inventories, located in Kinston, N.C. Subject to a final inventory valuation, the purchase price will be approximately $21 million, which will be seller financed. T
Oakley Sees H2 Backlog Gains as Q2 Earnings Suffer…
After revising its second quarter sales and income guidance downward the previous week (BOSS_0429), Oakley reported last week that net income for the quarter fell 12.1% to $16.0 million, or 23 cents per diluted share, compared with $18.2 million, or 27 ce
Columbia Makes Moves to Get Outerwear Business Back in Line…
Columbia Sportswear continues to log double-digit gains in both net income and sales in the second quarter despite continued declined in the company’s Outerwear business. COLM looks to right the Outwear ship as it moves its Sportswear chief over to handl
The Accell Group Profits Jump 49% in Slow EU Market…
The Netherlands-based bicycle manufacturer, Accell Group reported that first half sales rose to €204.3 million ($251.2 mm), a 24% increase over the €165.3 million ($175.7 mm) reported in 2003…
Cloudveil Upgrades Logistics for Fall…
Cloudveil is getting ready for the fall season by inking two new strategic partnership deals and adding a new member to its sales force. The two new deals, one with Sojitz Corp. and the other with North Bay Distribution, are designed to improve infrastru
U.S. Remains Strong for Lafuma…
Lafuma reported this week that fiscal third quarter sales declined year on year by 0.5% to €45.6 million ($65.3 mm) compared to last year when the company posted sales of €50.9 million ($55.6 mm). International sales decreased in the third quarter as well
The Deckers Trifecta: All Three Brands Show Strong Gains …
Deckers beat all analyst expectations in the second quarter of 2004, exceeding the upper end of previously issued guidance by roughly 17%, while diluted earnings per share were 26.5% above Deckers expectations…
Timberland Continues Building Solid Global Business in Q2…
Timberland said its second quarter results reflected solid global growth in footwear, apparel, and accessories and continued progress in enhancing gross margins. The company acknowledged a tougher climate for outdoor-related product in the U.S. sporting
K2 Inc. Sees Mix of Organic and Acquired Growth in Q2; Europe Comes Together…
K2 continued its trend of double digit sales increases fueled by acquisitions and, with one exception, strong organic growth among its core brands. This combination boosted second quarter net income by 28.8% to $6.2 million. Total sales at K2 increased 25
Oakley CEO to Purchase 2 Million OO Shares
Oakley chairman and CEO Jim Jannard has advised the company that he intends to purchase up to two million shares of Oakley common stock from time to time in the open market, subject to market conditions. Jannard said that he believes OO stock to be underv
Huffy Notified of NYSE Non-Compliance
Huffy Corporation has received official notice from the New York Stock Exchange indicating that the Corporation has fallen below the Exchange's continued listing criteria as outlined in the NYSE Listed Company Manual. Huffy is now required to respon
