Read Worth Joins Amerex
Amerex Group announced that Read Worth has joined the organization as Vice President of Gerry Sportswear Group. Prior to joining Amerex Group, Worth served as President of Windsong Outdoor. As Vice President of Gerry, Worth will be responsible for growin
SEC Suit Sheds New Light On JFF Vendor Tactics…
While the Martha Stewart trial has been hyped to no end by the media, once captivating those that adored her efforts to bring good taste to the super market checkout line, the case surrounding the flameout at Just for Feet appears to be capturing all the
Billabong Grows In Adverse Conditions
Billabong leveraged international sales to post strong numbers for the company’s first half of fiscal 2003-04. US sales jumped 27% in local currencies, with EBITDA in the US rising 36%. Australian sales were up 11% with “double digit profit growth” in key
Tell Me Again What I Won Here???…
You can use your name, but just don’t let anyone see it and don’t tell anybody about it. That appears to be the bottom line in a trademark infringement case between Quicksilver and Kymsta in their dispute over the use of the Roxy and Roxywear brand names
Puma AG Keeps the Momentum Going; Margins Jump 500+ Basis Points…
Puma AG said they are two years into their “Phase III” growth plan and believe they can exceed market growth for the balance of the Phase III period that runs through 2006. They see gross margins that continue to run in the 48% to 50% range, SG&A in the
adidas Shuffles Upper Deck in Portland…
Unless you were under a rock last week you know by now that the Germans have established a firmer grip on adidas America, purging more senior management a week ago Friday, most notably Tim Joyce, the brand’s EVP in Portland…
Head NV Sees Nice Winter Sports Gains in Q4; U.S. Dollar Leads to Upbeat Report…
Head NV saw growth across most divisions in Q4, with only Diving showing a decline, but net income took a plunge for the quarter and the net loss for the year widened almost six fold. Head again benefited greatly from its reporting format in U.S. dollars,
Deckers Diversifies Brand Portfolio as Ugg Gains Strength…
Deckers Outdoor Corporation is going to sell about 1.5 million additional DECK shares into the market on top of roughly two million shares that will be sold by company management and board members, including chairman and CEO Doug Otto. The proceeds from
REI 2003 Net Up 17%; Sales Up 9.5%…
REI reported that operating income for full year 2003 increased over 17% to “more than” $56 million from $47.6 million in 2002. The co-op posted $19.1 million in net income – an increase of more than $3 million or around 19% from the previous year…
Famous Footwear Banks on Athletic for 2004 Growth…
Famous Footwear president Joe Wood said growth in the women’s business in the fourth quarter was offset by the challenges in the Athletic Footwear business. Wood pointed to price compression across the industry that impacted prices “to the tune of about
FUBU Parent Goes Euro in Kappa Deal…
As the liquidation of the assets of the former Reda Sports company continues, Basicnet S.p.A, the Italian firm that owns the Kappa and Robe di Kappa trademarks has found a new partner in the U.S. to carry on the Kappa name as a licensee. While Reda posit
YY to Put $90mm into Apparel Moves…
Yue Yuen Industrial Holdings Ltd, which is the world’s largest maker of athletic footwear, will apparently put its money where its mouth is in regard to pushing deeper into apparel manufacturing as well. The company last week said it had set aside $80 mi
VF Outdoor Get New Chief; Lay Gets All Jeanswear Businesses…
VF Corporation shuffled the deck in the executive suite last week, moving around the deck chairs in efforts to match up their business units under umbrellas that make sense. The Outdoor Coalition, which includes the Eastpak, Jansport and The North Face b
Rebel Cashes In on Rugby World Cup
Rebel sport finished their first half on a positive note, posting an 8.1% sales increase from A$143.6 million ($78.1 mm) to A$155.2 million ($101.0 mm). The company was both helped and hurt from the rugby world cup taking place in Australia, as sales rela
Rocky Posts Record Year in 2003…
Rocky Shoes and Boots used its new apparel, extended footwear line, and the acquisition of Gates Gloves to post a 14.2% increase in sales for the fourth quarter of 2003, from $25.6 million in 2002 to $29.2 million this year. Net income increased 34.1% in
