Optimer Promotes Karen Deniz to President of EU Division
Wilmington-based Optimer Performance Fibers has promoted Karen Deniz to president of their European division from vice president of marketing. Deniz will also continue to oversee marketing for Optimer…
Puma Continues Rally with 65% Q1 Earnings Growth
PUMA AG has kicked off another strong year, posting a consolidated net sales increase of 29.3% to €443.8 million ($554.4 mm) versus €343.2 million ($368.2 mm) last year. On a currency-neutral basis, sales were up 33.2%. Net earnings were up 64.6% to €80.4
Luxottica Q1 Sales Rise 7.9%
Luxottica Group S.p.A. announced results for the quarter ended March 31, 2004. Net sales for the quarter improved by 7.9% to €760.4 million ($949.9 mm). Operating income for the quarter improved 7.9% to €120.1 million ($150.0 mm). Consequently, the operat
Reebok to Issue $300 Million in New Debt
Reebok International Ltd. intends, subject to market and other conditions, to sell through a private offering up to $300 million of convertible debentures due 2024. The company will grant to the initial purchasers an option to purchase up to an additional
Pacific Sunwear Hires New Sourcing Chief
Pacific Sunwear of California, Inc. has hired C. Joseph Harris to the position of Vice President of Sourcing and Production. Mr. Harris will be responsible for the sourcing and production of all private label merchandise for PacSun and d.e.m.o., which acc
PUMA Launching Bodywear Line in U.S.
PUMA North America has launched of a new collection of bodywear designed and manufactured by Schiesser Lifestyle to be sold through their exclusive U.S. distributor, United Legwear & Bodywear…
Golf Galaxy Launches Interactive Web Site
Golf Galaxy, the interactive golf superstore has launched its e-commerce web site at www.golfgalaxy.com. The interactive online store provides Golf Galaxy customers access to the same superstore selection and prici
Urban Outfitters Ups Guidance; EPS Will Double
Urban Outfitters, Inc., which operates retail stores under the Anthropologie, Urban Outfitters and Free People brands, said that quarter-to-date comparable store sales continue to significantly exceed the sales plan set at the beginning of the year. Q1 C
Gander Mountain Closes IPO; Appoints New Baord
Gander Mountain Company closed its initial public offering of 6,583,750 shares of its common stock at a price of $16.00 per share, including the underwriters' over-allotment option. Under terms of the original filing, a number of Erickson family mem
GSI Commerce Hires Human Resources Chief
GSI Commerce, Inc. has hired James Flanagan, 43, to the newly created post of senior vice president of Human Resources. Flanagan, an HR executive with more than 18 years' experience, will report to Michael Rubin, chairman and CEO of the company…
Puma Market Cap Breaks the $4.0 Billion Mark…
PUMA AG rode the market even higher last week, with company shares more than doubling in the past year. Shares peaked last week at €212.70 before closing at €210.90, up 6.8% for the week and up more than 46% since the first of the year. The company’s m
Foot Locker Wins Footaction’s Hand…
The U.S. Bankruptcy court last week weighed arguments from Footstar, Inc. and the lawyers representing the Unsecured Creditor’s Committee regarding competing bids for the assets of the company’s remaining Footaction stores. Footstar was urging the Court
Timberland Jumps on Strong Q1 Gains…
Analysts appeared to have a different take on Timberland’s first quarter results and future outlook, but those looking at the company in a more positive light gave the company a boost on the street as TBL shares hit a three-year high for the week, closing
Reebok Takes a Step Back in First Quarter; Shares Slide on Flat Earnings…
Shares of Reebok International stock fell 9.1% for the week to close at $38.40 on Friday after the company pointed to a tough International business, bankruptcies at Footstar and a large Italian retailer, slower basketball and walking sales, and a branded
Former JFF Execs Enter Guilty Pleas…
Don Ruttenberg, former EVP of Just for Feet and son of the retailer’s founder, entered his guilty plea Thursday on charges of conspiracy to commit securities fraud, wire fraud, and submitting and making false statements to the retailer’s auditors. Seven
