Ski Resorts Team-Up to Stop Global Warming
This is a great ski season, and the people who run America’s ski areas want to see many more just like it. That’s why they are teaming up with a top conservation group for Keep Winter Cool, an innovative campaign to fight global warming. Dozens of resorts
G-III Narrows Fiscal Q4 Loss on 27.7% Sales Decline
G-III Apparel Group, Ltd. reported that net sales for the fourth quarter ended January 31 declined 27.7% to $34.5 million, compared to $47.7 million during the same period last year. The Company reported a net loss of $3.1 million, or ($0.44) per share, f
CPSC Fines Lifetime $800,000 in Hoop Defect Action
The U.S. Consumer Product Safety Commission announced Lifetime Products Inc. has agreed to pay $800,000 civil penalty for not reporting a bolt on the stand's base that had caused numerous injuries…
Footstar Pulls the Plug on Footaction; Neville Out…
Footstar started the process of dismantling the Footaction business for good last week, announcing Thursday that it would sell off the remaining 353-store athletic footwear chain and then announced Friday that Shawn Neville, the former Reebok North Americ
Core Skate and Strong Owned-Retail Results, Leads VANS Back to Black…
Vans, Inc, continued its climb back in its fiscal third quarter ended February 28, looking to owned-retail and a stronger men’s business to post a nice profit for its ongoing base business as well as its total business. The base business excludes the thr
Finish Line Sees Less Licensed; More Footwear Exclusives to Drive 2005 Gains…
The Finish Line saw shares increase 6.8% for the week to close at $36.59 on Friday after another solid quarter that saw earnings, excluding extraordinary gains and charges, jump 72% per share for the fourth quarter and 127% per share for the full fiscal y
Stride Rite Takes a Q1 Hit; Looks to Fill…
The Stride Rite Corporation had to rely on a double-digit gain in their Children’s Retail stores and a 3.0% increase in the Sperry Top-Sider business for good news in the fiscal first quarter ended February 28. Total sales for the company were down 10.5%
Forzani Enters the Gray Market World; Q4 Retail Sales Show Continued Weakness …
Forzani’s fiscal year-end report surprised more than one sporting goods market analyst this week when the company announced that it had acquired the Gen-X name and opportunity business. Just the day before, Huffy had announced that it had sold the entity
Bob Goes Direct in Canada
BOB Trailers, Inc. will begin shipping their bicycle cargo trailer and Sport Utility Stroller products from a new Kamloops, British Columbia warehouse starting April 10, 2004. Utilizing the services of a third party warehouse, NRI Distribution, Inc., BOB
Everlast Posts Q4 Loss on Restructuring; Sales Down 8.2%
Everlast Worldwide Inc. reported that net sales for the 2003 fourth quarter declined 8.2% to $16.7 million compared to reported net sales of $18.2 million in Q4 2002. Net licensing revenues advanced 40.6% to $1.8 million vs. $1.3 million in the 2002 perio
CLI Taps Pentland as U.K. Airwalk Licensee
Collective Licensing International, LLC has entered into a licensing agreement with British-based Pentland to license the Airwalk® brand in the U.K. and Ireland. Under the new agreement, Pentland will serve as the master licensee for the Airwalk® brand an
Pro Golf of America Appoints Special Projects VP
Pro Golf of America has appointed Jerry K. Jensen as Vice-President, Special Products of Pro Golf of America. In this new position, Mr. Jensen will be in charge of the launches of both the new MBNA Pro Golf MasterCard and Palm
Springs Country Club, manage
SGMA: Sneakers Prices Steady in 2003; Athletic Outperforms Total Footwear Business
Relentless pressure by consumers for lower-priced athletic footwear abated somewhat in 2003, according to research by The NPD Group. Total spending increased 4.2%, from $15.7 billion to $16.4 billion, while total pairs purchased rose 4.6%, with the averag
Shawn Neville Exits as Footstar Athletic Chief
Footstar, Inc. announced Friday that Shawn Neville, President and CEO of Footstar's Athletic segment is no longer with the Company. Mr. Neville's responsibilities have been assumed by a team of executives including Mark Lardie, SVP-GMM, Jodi Joh
Stride Rite Fiscal Q1 Earnings Down 14.8% as Sales Decline 11% for Quarter
The Stride Rite Corporation reported sales for the first quarter of fiscal 2004 decreased 11% to $136.1 million from $152.3 million in the comparable period of fiscal 2003. Net income for the first quarter totaled $7.5 million or $.19 per diluted share, a
