Collegiate Pacific Raises Guidance on Acquisition Deals
Collegiate Pacific has issued guidance for fiscal 2004, which runs through June 2004, showing an 80% increase in revenues to $38 million vs $21 million in the fiscla 2003 period. Net income is expected to rise to $1.8 million from $570,000 in FY2003. Th
Yuen Yuen Sells Off Pou Chen Interest
The move by Yue Yuen to sell off 44.8 million shares of Pou Chen Corporation on the Taiwan Stock Exchange netted the company a $23 million gain and is seen as a move to dispose of non-core assets and deploy the resources into the core footwear and apparel
Tommy Armour’s McNally Passes Away
The golf industry lost one of its most respected executives over the holiday season as Robert MacNally II, former chairman and president of the Tommy Armour Golf Company, died Dec. 29, at age 71. MacNally was president of Tommy Armour Golf from 1979-95 a
SGMA Appoints Russell’s Letzler to Board
SGMA International has appointed Jon Letzler, President and Chief Operating Officer of Russell Corporation, as a member of the Board of Directors.
“The overall mission of SGMA International complements those of the Russell Corporation,” said Letzler.
Balance Designs Adds to Sales Team
Balance Designs, creators of the Vew-Do Balance Board and re-inventor of the concept, have added four reps to the sales team. Rich Anderson and Chris Putney will rep the line in New England, Todd Kerbs in Colorado-Utah-Wyoming and Jono Hicks in Norcal an
Sole City Promotes Bernstein to COO, Roselli to Head Sales
Sole City, Inc. has announced that Jeffrey Bernstein has been promoted to Chief Operating Officer overseeing the company's footwear (Avirex, Troop, US Polo Assn.)and apparel (Schoold of Hard Knocks and Tradition) divisions and Tony Roselli has been p
Athletic Footwear ASP’s on the Rise
With advances in average prices outnumbering declines two to one for the 22 categories of athletic and sports footwear surveyed by NSGA, the average price point for all footwear rose 1.1% in 2004. The average price rose to $39.32 in 2004 from $38.88 in 20
Retailers Report Five-Year High in Holiday Sales
Powered by heavy consumer traffic the week preceding and the day after Christmas, U.S. retailers are closing out their strongest holiday season in the last four years, according to a Chicago firm that follows shoppers' spending. Sales for the wee
Bauer Nike Hockey Names European Business Director
Bauer Nike Hockey, Inc. announced that Dirk Paulus has joined the company as the International Regional Business Director for its European operations. Paulus was recently the Footwear Business Director for Nike Germany. He spent 13 years with Nike where
180’s Donates Eyewear to USMC in Contract Bid
180s is providing 1,000 pairs of its 180s Eyegear to the United States Marine Corps (USMC). After testing the 180s Eyegear earlier this year, the USMC requested to buy 1,000 pairs of the sunglasses. As a sign of support for the nation’s military, 180s
GoLite appoints Kevin Volz as Customer Service Manager
GoLite announced that Kevin Volz has joined its Boulder, Colorado headquarters staff as Customer Service Manager. Volz brings over 15 years of outdoor retail experience to GoLite, the past nine of which he served as Manager of the Eastern Mountain Sports
NYSE Suspends Trading of Footstar Shares
The New York Stock Exchange announced today that it determined that the common stock of Footstar Inc. – ticker symbol FTS – should be suspended immediately. Application to the Securities and Exchange Commission to delist the issue is pending the completio
Corliss Team Acquires The Athletes Foot
The Athlete’s Foot management team has purchased Group Rallye’s interest in The Athlete’s Foot. Robert J. Corliss, a retail industry veteran and president and CEO of The Athlete's Foot, along with members of the senior management team led the acquis
TJX Completes Acquisition of Bob’s Stores
The TJX Companies, Inc. has completed its acquisition of Bob's Stores. TJX has purchased substantially all of the assets of Bob's Stores and its subsidiaries and assumed leases for 31 of Bob's Stores' locations, its office and warehou
GolfGear Announces Resignation Of Suspended CEO
On Dec. 18, 2003, pending completion of an investigation into possible violations of his employment contract and fiduciary duties, Donald A. Anderson tendered his resignation as a member of the Board of Directors of GolfGear International Inc. The follow
