Eklund Takes Finance Helm at Nike Golf
Nike Golf has announced the appointment of Steve Eklund to Chief Financial Officer of the company. Eklund, a seven-year Nike veteran, previously served as CFO and Chief Operations Officer for Nike ACG before joining Nike Golf in 2002 as Director of Strat
Senior Management to Acquire Varsity Brands
Varsity Brands, Inc. has signed a definitive merger agreement to be acquired by Varsity's Senior Management and a wholly-owned subsidiary of an affiliate of Leonard Green & Partners, L.P. Under the terms of the agreement, Varsity's stockholders
Lack of Cereal Promo Forces Q1 Fotoball Loss
Fotoball USA Inc. reported nets sales of $8.9 million for the first quarter of 2003 and a loss per diluted common share of ($0.03) versus 2002 net sales of $10.7 million and net income of $0.05 per diluted common share. The net loss for the current quart
Delta Apparel Fiscal Q3 Profits Narrow on Reduced Prices
Delta Apparel, Inc. announced sales of $33.9 million for the third fiscal quarter of fiscal year 2003, a 3.1% increase from the prior year third fiscal quarter. Net earnings for the quarter were $1.5 million, or 4.4% of sales, down $0.4 million from the
Pacific Sunwear Appoints Planning and Real Estate VP’s
Pacific Sunwear of California Inc. announced that Jim Oien has joined the company as Vice President of Planning and Allocation and Linda Eddy has re-joined the firm as Vice President Real Estate.
GolfGear 2002 Loss Quadruples on 28% Sales Decline
GolfGear International Inc. announced net sales for 2002 decreaased 27.9% to $1,546,234 vs. $2,143,371 for the prior year, and loss per basic and diluted share of ($0.14) vs. ($0.06). Net loss for the full year was ($4,272,673), compared with ($1,016,981
Rocky Shoes and Boots Completes Gates-Mills Deal
Rocky Shoes & Boots, Inc. announced it completed the purchase of GATES, other trademarks and intellectual property, customer orders and relationships, as well as certain assets including finished goods and raw materials inventory from Gates-Mills, Inc…
Gadzooks to Only Focus on Teen Girl Consumer
Jerry Szczepanski had a tough proposition for the board of directors at Gadzooks, the teen clothing chain that he helped found two decades ago. He wanted approval for a plan that would cede a sizable chunk of the company's business to competitors
Perry Ellis Appoints Corporate Marketing Head
Perry Ellis International, Inc. announced the appointment of Keva Silversmith as Director of Corporate Marketing and Investor Relations, effective immediately…
Russell Finalizes Spalding Deal; Names Creelman President
Russell Corporation announced Thursday that it has signed a purchase agreement to acquire the brand names, inventory, contracts and related assets of the sporting goods business of Spalding Sports Worldwide, Inc. for $65 million. Russell has hired Scott
K2 Inc. Expands Management Team
K2's senior executive team has been augmented with the appointments of Dudley W. Mendenhall, as SVP Finance and Monte H. Baier, as VP and general counsel. Further, John J. Rangel, most recently SVP Finance, has been appointed SVP and CFO. All three
West Marine Q1 Loss Widens as comps Drop 10%
West Marine, Inc. reported net sales for the quarter ended March 29, 2003 of $111.1 million, which includes the net sales of 62 newly acquired BoatU.S. stores, up 14.4% from $97.2 million in 2002. Comparable store net sales decreased 10.2% from 2002. Net
Callaway Re-Shuffles Boardroom
Callaway Golf Company announced that Samuel H. Armacost and John C. Cushman, III have been appointed to the Company's Board of Directors. They will both begin serving immediately, and will stand for election to full one-year terms at the Company'
SIA: Specialty Store Sales Up 7.8% through February
Overall sales for the entire winter sports market increased by 4.6% in dollars to $2.03 billion compared to $1.94 billion in 2002 for the period of August through February, according to the SnowSports Industries America (SIA) Retail Audit. Sales at speci
SIA: Chain Store Sales Off 5.5% Through February
Chain store sales were down 5.5% for August through February compared to the same period in 2002. In dollars, that translates to $439.4 million in sales so far this year compared to $465.2 million in 2002. The unit sales tracked 11.3% behind last year. S
