NRF: Consumers Have More to Spend from Tax Returns This Year
Nearly two-thirds of American families will find themselves with a little extra money to spend this spring. The NRF 2004 Tax Returns Consumer Intentions and Actions Survey, conducted by BIGresearch for NRF, found that 67.6% of consumers (or 145.7 million
Not So Fast There Mister Man…
Meanwhile, the proverbial fly in the ointment appeared in the Footstar bankruptcy case as GE Capital Corp., which holds the lease for “certain furniture, fixtures and equipment” with FTS. GECC filed a number of objections to the proposed bidding process
Lotto Posts 3.2% Sales Increase
In 2003 Lotto Sport Italia, despite the negative general market situation as regards consumption, obtained positive results with sales of €255 million ($312 mm), an amount that shows an increase of 3.2% with respect to 2002. Actually, as Lotto Sport Itali
NSGA Cost of Doing Business Survey Calls Out Team Dealers…
The NSGA released the Team Dealers segment of their bi-annual ‘Cost of Doing Business Survey’ and according to the new data, average net profit inched up 80 basis points to 2.6% compared to 1.8% 2001. Team dealers showed positive results in return on tota
BD Hires Two New Reps
Black Diamond Equipment Ltd. announced the hiring of Jack Tackle and Kim Miller as Climbing Hardware Sales Representatives for the Rocky Mountain Territory…
180s in Patent Fight over Ear Warmers…
180s is taking on Walgreen’s in a patent infringement case involving the company’s ear-warmers. Walgreen’s has allegedly been selling a product under the brand name ‘Ear Band’ that is identical to 180’s mainstay wrap-behind-the-head ear-warmer, which has
Ride Appologizes For Trade Show Banner
After posting a banner at two separate trade shows, reading “The worst thing about riding a Burton is telling your friend you're gay,” Ride Snowboards has issued a formal appology and launched a company wide re-education campaign. Several gay and les
Callaway Snags Another 27,000 Clubheads from Counterfeiter
Callaway Golf Company has seized 27,000 clubheads from Newport Golf, a company controlled by Jimmy Lin and accused of selling illegal copies of Callaway's golf clubs. A court-mediated settlement had given Callaway over $800,000 in cash and 28,000 ot
Curry to be Named to International Tennis Hall of Fame
The International Tennis Hall of Fame has announced that John Curry, Chairman
of The All England Lawn Tennis Ground PLC, and Chairman of both the All England
Lawn Tennis Club and The Lawn Tennis Championships from 1989-1999, will receive
its 2004 Golden A
Nike Creates Marathon for Women
Nike has announced the creation of Nike 26.2, a marathon and half marathon for women to be run in San Francisco on October 24, 2004. The event will benefit The Leukemia & Lymphoma Society. Participants can train for the marathon through the Society's
Cutter and Buck Can Almost Put the Red Ink Away
Cutter Buck announced Q3 sales were down 12.1% to $22.5 million from $25.6 million in the corresponding period last year. Third quarter net loss dropped 90.1% from $9.7 million last year to $0.9 million for 2004. Gross margin jumped 55 basis points from 3
TJX Appoints Group President to Oversee Bob’s Stores
The TJX Companies, Inc. has announced senior management changes that support the Company's ongoing growth plans. Among other promotions of senior management, Peter Maich has been promoted to Senior Executive Vice President, Group President. Mr. Maic
adidas Lays Out New Strategies to Build Brand…
adidas-Salomon chairman and CEO Herbert Hainer has finally backed off his chest-pounding claims of grabbing 20% market share in the U.S. –- at least for now – and will instead focus on building a profitable business in North America…
Cutter and Buck to Issue Dividend, Buy Back Stock
Cutter & Buck Inc. is starting a quarterly dividend and a stock repurchase program. The Board of Directors approved a dividend of $.05 a share, payable on April 9 to holders of record on March 26. The Board also approved repurchase of up to $6 million in
Nike Boosts Fiscal Q3 Outlook…
While the world’s second-largest athletic brand continues to struggle in the U.S., its Portland cross-town “rival” appears to be hitting on all cylinders, issuing increased guidance for its latest quarter.
