Russell Boosts Q2 Guidance; Now Has (Tiny) Slice of K2 Inc…
Russell Corporation is benefiting from K2 Inc.’s acquisition of Marmot Mountain last and will realize a gain of approximately 8.5 cents per share in the second quarter for their interest in Marmot. K2 told SEW last month (SEW_0425) that the deal included
Cascade Designs Taps Davis to Run Military Sales
Cascade Designs has hired Tim Davis as director of government sales for the company’s military affairs division. In his new role, Davis will be responsible for maximizing the sales of new and existing products to military and homeland security markets. P
Stride Rite Licenses PRO-Keds Brand to Rocawear’s Damon Dash…
Stride Rite Corp. has entered into an exclusive licensing agreement with Hip-Hop Mogul Damon Dash, CEO of Rocawear clothing and Roc-a-fella records, for the distribution of men's, women's and children's footwear under the PRO-Keds brand. Th
Prince Re-Signs Coria to Endorsement Deal
Prince Tennis has re-signed tennis star and French Open finalist Guillermo Coria to an exclusive endorsement deal. Under the agreement, the 22-year-old Argentine will promote and play with Prince’s Tour NXGraphite racquet, according to Linda Glassel, vice
Wolverine Works on New Merrell Structure to Energize Performance Products…
Wolverine World Wide saw a much more balanced growth trend in its brand portfolio in the second quarter, posting good increases across the board with the exception of Wolverine boot sales and CAT footwear. Total sales for the quarter increased 8.0% to $1
SGMA Report Shows an Upside for Outdoor
The most recent SGMA Sports Participation in America report revealed some good news for the outdoor industry and some very interesting potential future trends in the bicycle industry. The study released by SGMA, which assesses participation trends in ove
NRF Seems to be Hedging Bets After U.S. Commerce Dept. Retail Report for June…
The U.S. Commerce Department reported last week that retail sales in GAFS category, which includes most general merchandise categories, rose 5.9% over last year and were flat compared to May of this year. Total retail sales had jumped 7.6% versus last, d
Wolverine Sees More Balance in Q2; Europe Outpaces U.S. in Merrell Growth…
Wolverine World Wide saw a much more balanced growth trend in its brand portfolio in the second quarter, posting good increases across the board with the exception of Wolverine boot sales and CAT footwear. Total sales for the quarter increased 8.0% to $1
Burton to Acquire Four Star Snowboard Brands…
Burton Snowboards has signed a letter of intent to acquire four snowboard brands from Four Star Distribution – Forum, Special Blend, Jeenyus and Foursquare. Once this acquisition is complete, slated for August, it will mark the first time that Burton will
Oakley Sees Soft Second Quarter…
Oakley has lowered its earnings and sales guidance for the 2004 fiscal year to reflect what the company is describing as softer than expected sales in the second quarter and production shortfalls that resulted in decreased inventory turns. The company pr
Cybex Q2 Profits Jump; Secures New Debt Facility…
Cybex International saw net sales for the second quarter ended June 26, 2004 increase 13.7% to $24.0 million from $21.1 million in the year-ago period. Net income was up almost four-fold, delivering $833,000, or 8 cents per diluted share, in profit in the
Russell Boosts Q2 Guidance; Now Has Slice of K2 Inc…
Russell Corporation is benefiting from K2 Inc.’s acquisition of Marmot Mountain and will realize a gain of approximately 8.5 cents per share in the second quarter for their interest in Marmot. K2 told SEW last month (SEW_0425) that the deal included a 50
Gildan Closes Plant after FLA Probe…
Gildan Activewear will close its El Progresso plant in Honduras this month and in the process lay-off around 1,800 workers. The company has been accused of labor violations at the plant, but insists that its closure is not related. According to a local
Bush Ends Roadless Protection in U.S. National Forests…
Ann Veneman, the U.S. Secretary of Agriculture announced the government’s intention to abandon roadless protections for over 58 million acres of national forest. This decision has the potential to open these lands to deforestation by timber and mining co
Atomic Prez Sheds More Light on SBU…
Shortly after publication last week, SEW’s sister publication, The B.O.S.S. Report, managed to catch up with Atomic president Jack Baltz, who shed some light on his decision to launch a Small Business Unit covering the Mid-Atlantic and New York territorie
