Post-War Consumers in Buying Mood…
According to report recently released by The NPD Group, U.S. consumers seem willing to spend more on Footwear and Apparel in the 90-day period from May through July. The post-Iraq War study found that the consumers surveyed were more willing to get out a
Asia Strategy Seen in Malden Recovery…
Reuters was reporting on Friday that Malden Mills expects to post a $9.8 million profit in its first full year out of bankruptcy protection. The company expects a $9.0 million loss in 2002…
LandL Acquires Southern Athletic Brand…
Russell Corporation has sold the Southern Athletic trademark and related assets The L&L Group, which has licensed the brand since May 2002. The L&L Group, privately held and formed in 1948, owns Foremost Athletic, L&L Concession Co, Reach Athletic, and Un
Heavier Inventories Drive Retail Pricing Power Index Lower…
Retailers seem to be looking to brighter times ahead if the latest Retail Sector Performance Index is any indication. But increasing retail inventories and reduced traffic look to dampen profits as pricing comes under pressure.
Callaway Settles in Knock-Off Scam …
Callaway Golf has settled its action against the minor players in a knock-off scam. The company said that Shirley Tsou and GolfCo and Alex Mowry and National Golf Liquidators have agreed to a permanent injunction prohibiting them from selling “Big Easy”
Conflicting Reports in Umbro Probe…
London's Evening Standard is reporting that the U.K. Office of Fair Trading has reportedly found Umbro, The Football Association Ltd, Manchester United Football Club, and retailers JD Sports, JJB Sports and Allsports, guilty of price-fixing of Englan
Apparel Brand Logos Losing Cache???
The Brand Keys Fashion Index for 2003 appears to suggest that consumers are less enamored with apparel brand logos and labels than a few years ago, with many consumers adopting a 'back to brand basics' mentality. The index is a result of a semi
Variflex Up On In-Line Skate Deal…
Variflex shares skyrocketed last week on much higher volume, gaining almost 47% for the week to close at $5.55 on Friday. The run-up appeared to be due to the impressive results reported for the company’s fiscal third quarter, with sales jumping over 55%
Golfsmith Swings to First Quarter Loss; Acquires Zevo Brand…
Golfsmith is the latest retailer to report that online sales are getting a larger percentage of total sales.
The operator of 26 golf “Superstores” now sees retail store sales account for 54.7%, or $25.0 million, of its business versus 56.7% for the last
E21 Gets USGA Shaft Approval…
The United States Golf Association notified Element 21 Golf Company last week that the company’s scandium shaft technology “conforms to the Rules of Golf”…
GolfGear Doubles Q1 Loss…
GolfGear International Inc. saw net sales in the first quarter rise 44.3% to $545,245, compared to $377,780 for the same quarter last year. The company had a net loss of $502,601 in Q1, compared with a $240,290 net loss in the year-ago period. The full
Kappa Taps New Partners…
BasicNet, the Italian sportswear firm, said its Kappa Spain unit has signed a deal with Spanish sporting goods distributor Proged to distribute BasicNet’s Kappa and Robe di Kappa brands in Spain, Portugal and Andora. Another deal was struck with the new
G-III Sees Q1 Gains on Factory Closure…
G-III Apparel Group reported net sales for the fiscal 2004 first quarter jumped 47.4% to $18.7 million, compared to $12.7 million in the year-ago period. The company narrowed its net loss for the period ended April 30th to $2.6 million, or ($0.38) per sh
We’re On a Mission From God…
Kingdom Ventures, Inc., which claims to be a rapidly growing church development company, said it has signed an agreement with GiveAnything.com, Inc., an on-line service that enables its clients to purchase and give on-line gift certificates that can be sp
Adidas Sees Q3 Pickup in U.S…
The CFO at adidas-Salomon AG hinted on Tuesday that the company expects stronger fourth quarter sales in sales in the U.S. fueled by higher third quarter orders. Chief Financial Officer Speaking at a conference in Frankfurt, CFO Robin Stalker said that t
