Cutter and Buck Gives Investors Reason to Cheer About, But Sales Still Struggle…
Cutter & Buck signaled its continued drive back to health last week, announcing that it will pay out a dividend for the first time. Shareholders of record on March 26 will receive a dividend of five cents per share…
Callaway Golf Defends its Turf
Callaway Golf Company has seized 27,000 club-heads from Newport Golf, an Anaheim, California-based entity controlled by a Jimmy Lin. A court-mediated settlement recently gave Callaway Golf over $800,000 and 28,000 other golf club components valued at mor
Apparel , Ski-Systems, and Snowboarding are Hot at Specialty Stores…
According to the most recent SIA Retail Audit for the 2003/2004 winter season, total sales for the winter sports market increased by 1.8% to $1.72 billion compared to $1.69 billion last year. Unit sales were up 4.6%, again signaling some price erosion.
Yue Yuen Continues Vertical Moves…
Yue Yuen released first quarter financials that showed the manufacturing company diversifying both it’s categories and regional distribution.Net sales showed a 5.4% increase over last year, from $611.5 million to $644.7 million. Gross margin dropped 170 b
Timberland Appoints New Global Marketing Chief
The Timberland Company announced the appointment of Carol Yang as Vice President of Global Marketing. In her new role, Carol will be responsible for directing overall brand strategy and marketing communications for the Timberland brand worldwide. She will
Bite Footwear Adds New Midwest Reps
Bite Footwear has hired two new sales representatives to expand the company’s sales in the Midwestern region. Rick Harnisch and Steve Humphreys are the latest additions to Bite’s team….
Outside Magazine Fights Inactivity in College Students
Outside Magazine announced the launch of “Outside University,” a nationwide tour of colleges and universities designed to promote an active lifestyle to a new generation of enthusiasts…
Salter Group Buys Back Gen-X Close-Out Business
Huffy Corporation has sold its Gen-X 'opportunity' business to a group headed by its original founders, James Salter and Kenneth Finkelstein, and industry veteran Rick White for an undisclosed amount. HUF CEO Paul D’Aloia said that the sale of
Walden Ads Two New Reps
Walden Kayaks announced that it has hired two experienced sales representatives to the Walden Kayaks team, Don Otey and Ethan Ebersold. Otey will cover the Mid-Atlantic region, while Ebersold is the new western sales representative…
G.I. Joe’s Completes $37.5 Million Revolver Extension
G.I. Joe's Sports and Auto Stores completed a three-year extension of its existing credit agreement, with Wells Fargo Retail Finance, Boston, MA, that will provide up to a $37.5 million revolving facility through 2008. The company plans to use the pr
BOSS Goes One-on-One With Dennis Madsen
Dennis Madsen, REI’s president and CEO, first joined the national retail cooperative in 1950 as a 17 year old. He started with REI on the retail sales floor and the mail order department. Madsen serves on the national board of directors of the Rails-to-T
adidas’ McCool Receives Eight Month Sentence in JFF Fraud Case
The first sentence in the Just for Feet fraud case was handed down on Thursday, with adidas America’s Timothy R. McCool receiving an eight-month sentence and a $10,000 fine. He pleaded guilty in October to conspiracy to submit false statements to the aud
Johnson Family Extends Offer Period to Buy Company
Helen Johnson-Leipold, chairman and CEO of Johnson Outdoors, and Samuel C. Johnson, majority shareholder and director of Johnson Outdoors, are extending for an additional sixty days their February 20, 2004 non-binding proposal to acquire the outstanding p
Lowa Wins Backpacker Editors Choice Award
The editors of Backpacker magazine have just announced to their readers the LOWA Vertex GTX as the recipient of a 2004 Editor’s Choice Award, the most prestigious award in the outdoor industry. The boot features Biomex Protection, a unique technology that
NPD: Teens Are More Value Conscious
According to The NPD Group's latest report, Buying Habits of Teens and Tweens, teens are spending much of their money at value-based stores such as mass merchants, like Wal-Mart and Target, instead of trendy mall retailers. Teens are bargain hunters.
