Unifi Q3 Net Loss Grows on Restructuring Charges
Unifi released operating results for its third quarter of fiscal year 2004. The Company reported a net loss of $50.0 million or 96 cents per share for the quarter ending March 28, 2004, which compares to net income of $1.1 million or 2 cents per share for
Hibbett Added to SandP Smallcap Index
Hibbett Sporting Goods will replace Butler Manufacturing Co. in the S&P SmallCap 600 Index after the close of trading on Tuesday, April 27, 2004. Butler Manufacturing is being acquired by S&P Global 1200 constituent BlueScope Steel Ltd. in a transaction a
Fortune Brands Net Income up 40% for First Quarter
Fortune Brands reported record results for the first quarter of 2004. Successful new products, expanded customer relationships and productivity gains helped drive broad-based earnings growth. High-return acquisitions and favorable foreign exchange added t
Reebok Posts Flat Q1 Profits on Currency Neutral Sales Decline
Reebok International Ltd. reported net income for the first quarter ended March 31, 2004 of $41 million, or 63 cents per diluted share which is comparable to the net income of $41 million, or 63 cents per diluted share reported in the first quarter of 200
NMa orders Accell to pay $15.1 Million Fine for Price Fixing
The Nederlandse Mededingingsautoriteit, or NMa, [Netherlands Competition Authority] announced that Accell Group has been ordered to pay a fine of €12.8 million ($15.1 million) because of an infringement of the law on Competition with regard to alle
Accell Group Posts Solid Q1
Accell Group N.V. announced at its General Meeting of Shareholders that it had a positive first quarter of 2004. The results in Germany still lag the rest of the group. The production facility in Hungary is, as expected, running at full capacity. Also, sa
Skechers Q1 Net Income Off 17.6%, But Still Beats Street
Skeckers USA, Inc. reported that net sales for the first quarter of 2004 rose 6.2 percent to $221.5 million compared to $208.6 million in the first quarter of 2003. Net earnings for the quarter were $7.0 million, or 18 cents per diluted share, versus net
Emu Expands U.S. Presence
EMU Australia has added Michael Fischer and Tiana Phillips to the EMU North American team. In his new role, Fischer will serve as the customer service and product line manager and will assist with product development and design for footwear, accessories a
THULE Extends Envoy Program to the Southeast
Thule has announced the hiring of Chris Roberts as the Southeastern Thule Envoy. Launched in 2003, the Thule Envoy program was created to promote dealer and consumer relations through hosting in-store training, assisting with retailer sales events, and a
InterBike Helps Fund Industry Associations
As the cycling season begins to heat up, Interbike is pleased to announce its advocacy and association support
program for 2004, an annual effort that provides necessary funding for a broad collection of advocacy and industry organizations at the local an
NSGA Participation Numbers Paint a Different Picture
In spite of a 3% decline, exercise walking, remains the No. 1 participation activity surveyed by the National Sporting Goods Association (NSGA), a position it has held for more than a decade. Data contained in NSGA’s annual “Sports Participation – Series
Montrail Taps De Muynck for EU Sales Manager
Montrail has hired Bruno De Muynck as its first European Sales Manager, effective immediately. De Muynck, who will be based out of Antwerp, Belgium, will take the lead
role in Europe to develop the Montrail brand, penetrate key markets, and coordinate mar
Oakley Net Income Jumps 31.2% on 14.3% Sales Increase
Oakley reported that first quarter net sales increased 14.3% to $127.1 million, compared with $111.2 million in the first quarter of 2003. Net income for Q1 totaled $4.2 million, or six cents per diluted share, compared with net income of $3.2 million, o
Foot Locker Prevails in Footaction Acquisition Bid
Footstar, Inc. has confirmed that the U.S. Bankruptcy Court has approved the sale of approximately 350 Footaction stores to Foot Locker, Inc. for $225 million in cash, subject to certain closing adjustments and regulatory approvals. Foot Locker increased
Reebok Signs Multi-Year Deals with Top NFL Prospects
Reebok has signed multi-year endorsement agreements with University of Mississippi quarterback Eli Manning and University of Miami's tight end Kellen Winslow, Jr. Widely considered two of the top prospects in the upcoming NFL Draft, Manning and Winsl
