K2 Adds Two More Brands; Beats Q1 EPS Guidance
K2 Inc. reported record sales for the first quarter ended March 31, 2004, an increase of 76.6% to $277.4 million from $157.1 million in the 2003. Diluted earnings per share in the first quarter increased to $0.27, as compared to $0.01 in the year earlier
Foot Locker to Redeem $150 Million in 5.5% Notes
Foot Locker, Inc. has provided The Bank of New York, as Trustee under the indenture, with notification that it intends to redeem all of its $150 million outstanding 5.5% convertible subordinated notes, effective June 4, 2004.
Under the terms of the notes,
Sierra Club Elects ‘New’ Board
Sierra Club members turned out in unprecedented numbers
this year to elect five new members to the 112-year-old environmental organization's Board of Directors. A record 22.7 percent of the Club's membership returned 171,616 ballots, compared t
Foot Locker Benefits Big in Footaction Acquisition…
Aside from Footstar and Foot Locker and its investors, its tough to find many people that like the deal announced last week that would see the world’s-largest-athletic-specialty-retailer become even larger after acquiring 353 Footaction stores out of bank
Deckers Raises Guidance on Better Prospects for Year ‘Round Business…
The Teva brand had its had its best quarter in Deckers company history in Q1 and the company saw UGG sales transcend its usual back-half niche to post a 226% increase in sales for that brand. The expansion of the Teva brand beyond its traditional open-to
Peter Benjamin is New COO at GBMI
Global Brand Marketing, Inc. announced the appointment of Peter Benjamin to the role of Chief Operating Officer of GBMI. He will be responsible for overseeing all aspects of company operations at GBMI, from the moment an order arrives at GBMI until it is
SGMA Report Sees Fitness Participation Rise, Team Sports Lag in 2003…
The SGMA released their study on sports participation trends for 2003 which revealed what many vendors and manufacturers have already been witnessing in their sales numbers. The study takes a very detailed look at nearly every form of sport imaginable, an
Columbia’s War on Counterfeiting…
Columbia Sportswear is continuing its tactical assault on counterfeiters, and has recently conducted three simultaneous raids on Malaysian Factory Outlet Stores selling copies of its brands. The raids took place at three separate Factory Outlet Stores in
JJB Sports Feeling Pinch from Apparel Competition…
British retailer JJB Sports said it is “satisfied” with its business in its last fiscal year as it turned the corner on improving margins in the back half of the year. But heavy competition in the value clothing category that hurt sales in the last year
VF Acquires Italian Outdoor Firm; Moves to Establish EU Expansion Foothold…
VF Corporation has added another brand to its growing outdoor coalition, announcing a deal last week to acquire Green Sport Monte Bianco of Aosta, Italy. The company was acquired for an undisclosed amount, but was funded through cash reserves…
SG Trade Groups Rally Support in D.C…
Washington, DC is being bombarded with sporting goods industry executives, athletes, and lobbyists this spring, as one trade organization after another heads for The Hill. Led by the Outdoor Industry Association’s Capital Summit in April (BOSS_0415), D.C
Huffy Focuses Efforts; Net Loss Grows…
Even though Huffy reported that sales are in-line with its previously issued guidance, the company will post a larger-than-expected net loss for the first quarter of 2004. Huffy said this quarter’s net loss will be “significantly higher” than last year’s
Unions Cry Foul to U.N. in Nike’s Canada Factory Moves…
Labor unions upset with Nike’s decision to shutter two Canadian factories that produce product for its Bauer Nike Hockey division are taking their dispute to the United Nations, calling on U.N. Secretary-General Kofi Annan to confront Nike with its respon
As Lands’ End Gives in to Pressure…
The newly-minted division of Sears has moved quickly to settle a dispute at its El Salvador operation after a number of universities severed licensing contracts with the apparel-maker under pressure from the Workers Rights Consortium, the Fair Labor Assoc
ICON Lacks Strength to Offset a Lack of C.V. Health…
ICON Health & Fitness is experiencing some of the same shift in the fitness equipment seen by retailers and manufacturers alike as consumers shift more focus to strength training equipment…
