Footstar Gets GOB Sale Approval; Will Move Direct Biz to NJ
Footstar, Inc. announced Thursday that it is beginning inventory clearance sales at 88 Just For Feet stores and 75 of its 428 Footaction stores. Footstar has appointed Hilco Merchant Resources as liquidation agent. Footstar also now plans to close its t
Nike Fiscal Q3 Net Income Up 61% on 21% Revenue Gain
Nike, Inc. reported revenues for the third quarter ended February 29, 2004 increased 21% to $2.9 billion, versus $2.4 billion for the same period last year. Third quarter net income totaled $200.3 million, or $0.74 per diluted share, compared to $124.7 mi
Canari Signs an ‘Mmmm Mmmm Good’ Licensing Deal
Canari Cycle Wear has announced a licensing agreement with Campbell’s Soup to design and manufacture cycling apparel based on the popular soup brand. Judging from preseason sales, the styles are attracting a great deal of interest and support from the cy
Mizuno Expands U.S. Team Role in Golf RandD Effort
Mizuno Corporation is making a new long-term strategic commitment to the U.S. market, including an increased for role the U.S. team in the design and development of Mizuno’s global golf product line. Harry Taylor has been promoted to VP, Golf Product De
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
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
