Head NV Sees Nice Winter Sports Gains in Q4; U.S. Dollar Leads to Upbeat Report…
Head NV saw growth across most divisions in Q4, with only Diving showing a decline, but net income took a plunge for the quarter and the net loss for the year widened almost six fold. Head again benefited greatly from its reporting format in U.S. dollars,
Deckers Diversifies Brand Portfolio as Ugg Gains Strength…
Deckers Outdoor Corporation is going to sell about 1.5 million additional DECK shares into the market on top of roughly two million shares that will be sold by company management and board members, including chairman and CEO Doug Otto. The proceeds from
REI 2003 Net Up 17%; Sales Up 9.5%…
REI reported that operating income for full year 2003 increased over 17% to “more than” $56 million from $47.6 million in 2002. The co-op posted $19.1 million in net income – an increase of more than $3 million or around 19% from the previous year…
Famous Footwear Banks on Athletic for 2004 Growth…
Famous Footwear president Joe Wood said growth in the women’s business in the fourth quarter was offset by the challenges in the Athletic Footwear business. Wood pointed to price compression across the industry that impacted prices “to the tune of about
FUBU Parent Goes Euro in Kappa Deal…
As the liquidation of the assets of the former Reda Sports company continues, Basicnet S.p.A, the Italian firm that owns the Kappa and Robe di Kappa trademarks has found a new partner in the U.S. to carry on the Kappa name as a licensee. While Reda posit
YY to Put $90mm into Apparel Moves…
Yue Yuen Industrial Holdings Ltd, which is the world’s largest maker of athletic footwear, will apparently put its money where its mouth is in regard to pushing deeper into apparel manufacturing as well. The company last week said it had set aside $80 mi
VF Outdoor Get New Chief; Lay Gets All Jeanswear Businesses…
VF Corporation shuffled the deck in the executive suite last week, moving around the deck chairs in efforts to match up their business units under umbrellas that make sense. The Outdoor Coalition, which includes the Eastpak, Jansport and The North Face b
Rebel Cashes In on Rugby World Cup
Rebel sport finished their first half on a positive note, posting an 8.1% sales increase from A$143.6 million ($78.1 mm) to A$155.2 million ($101.0 mm). The company was both helped and hurt from the rugby world cup taking place in Australia, as sales rela
Rocky Posts Record Year in 2003…
Rocky Shoes and Boots used its new apparel, extended footwear line, and the acquisition of Gates Gloves to post a 14.2% increase in sales for the fourth quarter of 2003, from $25.6 million in 2002 to $29.2 million this year. Net income increased 34.1% in
Exercise Equipment Pushes 2003 U.S. Exports into the Black…
According to a report compiled by SGMA International based on U.S. Commerce Department data, U.S. exports of Sporting Goods products actually inched up 0.9% last year to $1.84 billion from $1.82 billion in 2002. The export number had declined 7.2% in 200
Mugs Stump Alpine Climbing Award Winners Announced for 2004
Black Diamond Equipment announced the winners of the
Mugs Stump Award for 2004. Given annually to climbers attempting alpine climbing objectives that exemplify fast, light and clean tactics, the awards are a tribute to the late Mugs Stump, one of North Am
WNBA and Russell Corporation Reach New Marketing Partnership
The Women's National Basketball Association and Russell Corporation have reached a new multi-year marketing partnership beginning with the 2004 WNBA season. The partnership will focus on the Women's Division of Russell Corporation, which include
Shoe Pavilion Swings to Profit in Q4 Despite Charge
Shoe Pavilion, Inc. reported net income of $24,000 for the fourth quarter ended January 3, 2004, compared to a net loss of $354,000 or ($.05) per share for the year-ago quarter. Net sales increased 7.6% in Q4 to $22.2 million from net sales of $20.7milli
Sport Supply Group to Voluntarily Delist Shares
Sport Supply Group, Inc. announced that it intends to voluntarily terminate the registration of its securities by filing a Form 15 with the Securities and Exchange Commission on March 5, 2004. SSG expects to realize significant cost savings as a result o
Puma Q4 Earnings Up 96% on 27% Sales Gain; Backlog Up 36%
Puma AG reported that Q4 consolidated sales increased by 27.1% to €227.7 million ($271.1 mm), or up 35.4% on a currency neutral basis. Apparel recorded a growth rate of 17.6% reaching €68.8 million ($81.9 mm), or up 26.4% currency adjusted. Footwear sales
