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
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…
SEW Goes One-on-One with Bob Corliss
Robert J. Corliss is president and CEO of The Athlete’s Foot, the world’s largest franchisor of athletic footwear. Corliss joined TAF in 1998, following a successful 25-year career as an executive and entrepreneur in the retail industry. In 2003, Corlis
Douglas No Longer Analog’s GM; Burton Resumes Search
Unforeseen business obligations have forced both Burton and Steve Douglas to re-examine their recently signed deal for Steve to come on board as the new General Manager of Analog Clothing. Steve's many past businesses and the contractual constraints
Russell Renews Washington State Contract
Russell Athletic announced the renewal and expansion of its relationship with the Washington State University athletic department, making Russell Athletic the “Official Uniform and Apparel” of Cougar football for another five years. The agreement, which r
Brunswick Ups Q1 and Full Year Guidance
Brunswick Corporation said it will report earnings estimated between 48 cents and 50 cents per diluted share for the first quarter of 2004, up from previous guidance of 35 cents to 40 cents per share. BC also raised its estimate for the full year to betwe
