Nike Trounces U.S. Street Estimates on Stronger U.S. Business
NIKE, Inc. reported revenues for the fiscal second quarter ended November 30, 2003 increased 13% to $2.8 billion, versus $2.5 billion for the same period last year. Net
income totaled $179.1 million, or $0.66 per diluted share, compared to $152.0 million,
Ashworth Fiscal Q4 Net Jumps 59% on 9.5% Revenue Gain
Ashworth, Inc. announced consolidated net revenue for the fourth quarter ended October 31, 2003 increased 9.5% to a record $32.2 million as compared to $29.4 million for the fourth quarter of fiscal 2002. The Company reported consolidated fourth quarter
Quiksilver Fiscal Q4 Earnings Up 43% on 37% Sales Jump
Quiksilver, Inc. announced consolidated revenues for the fourth quarter of fiscal 2003 ended October 31, 2003
increased 37% to $269.2 million as compared to Q4 2002 revenues of $196.1 million. Consolidated net income for increased 43% to $17.4 million, o
Callaway to Exceed $1.0 Billion in Current Fiscal Year
Callaway Golf Company has announced that it expects consolidated net sales and fully diluted earnings per share for the year ending December 31, 2003 to be approximately $810 million and between $0.65 and $0.67. For the full year 2004, ELY's current
Sorel Inks Sock License Deal with Crescent Hosiery
Sorel, a division of Columbia Sportswear Company has signed a North American license agreement with Crescent, Inc. for the design, manufacture and marketing of men's, women's and children's socks. The Sorel branded sock collection will be a
Smith Taps Randolph as Cycling Team Manager
Smith Optics has hired respected professional cyclist, Greg “Chopper” Randolph, as its bike team and promotions manager, effective immediately. Randolph will be responsible for supporting the current roster of athletes while continuing to develop its tea
Brown Shoe is Licensee for Bass Brand Footwear
Brown Shoe Company, Inc. has reached agreement with Phillips-Van Heusen Corporation for an exclusive, long-term license to design, source and market footwear at wholesale under PVH's well-known Bass label. The arrangement is expected to become effect
Diane Sullivan Named President of Brown Shoe Company
Brown Shoe Company, Inc. announced that Diane M. Sullivan has joined the company as its new President. She will oversee the company's operating divisions, including Famous Footwear, Brown Shoe Wholesale and Naturalizer as well as Brown Shoe's ma
Airwalk Parent to Prevail in Takeover Bid…
The factories that forced Airwalk into bankruptcy last month in a last gasp attempt to stymie an acquisition plan by the company’s parent company have come up short. A federal bankruptcy judge in Denver ruled last week to lift the stay that prevented Sun
adidas-Salomon Exerts More German Control Over U.S. Market…
The move by adidas-Salomon AG last week to appoint current global marketing chief Erich Stamminger to the additional role as head of adidas America is either a move to create a new U.S.-centric marketing strategy or an effort to exert more German control
Specialty Rules in Pre Season with Sharp Increases Offsetting Chain Store Declines…
According to the preliminary SIA Retail Audit for the first few months of the 2003/2004 winter season, total sales for the winter sports market increased by 3.9% to $314.5 million compared to $302.7 million in 2003. Unit sales were up 6.2%. The report, c
Stroesser Leaves Converse; Named CEO for Luxury Home Brand…
In a story reported exclusively by Sports Executive Weekly last week, Converse has confirmed the exit of VP of Sales Jim Stroesser…
Edwin Watts Golf Closes ReCap Deal…
Wellspring Capital Management LLC, a New York-based private equity investment firm and majority shareholder of The Hockey Company since 1997, has reportedly taken a majority stake in Edwin Watts Golf. Terms of the deal were not disclosed…
Serena Not Right Formula for Puma; U.S. Business to Grow 40%…
Jochen Zietz, in a published interview, said that Puma had decided to drop the $13 million sponsorship of Serena Williams in favor of becoming the official supplier of the Formula One BMW Williams team, its sixth F1 team.
“We would have certainly been ab
Williams Sibling Rivalry Intensifies as Serena Signs with Nike
After much speculation — and the acknowledgement of same from Puma’s Jochen Zeitz — Nike announced Thursday that it had signed an endorsement contract with six-time Grand Slam champion Serena Williams. Word on the street is that the deal is for five ye
