Fotoball Sees Q2 Loss as Sales Cut Almost in Half
Fotoball USA Inc. reported net sales for the second quarter of 2003 were $7.5 million with a net loss per diluted common share of ($0.02) versus second quarter of 2002 net sales of $14.3 million with a net income of $0.12 per diluted common share. The co
NRF: Back-to-School Spending to Top $14 Billion
Consumers are planning a trip back to the stores before sending their children back to school this year, according to the findings of a new National Retail Federation (NRF) survey. The NRF 2003 Back-to-School Consumer Intentions and Actions Survey
Next, Inc. Locks Up Major Shareholders
Next Inc. has announced that its significant stockholders (representing approximately 63% of total shares of common stock outstanding as of July 22, 2003) have entered into lock-up agreements with each other and the Company restricting their ability to se
Coleman Reaffirms Termination of Fleetwood License
The Coleman Company, Inc. said that it stands by its announcement Monday that its licensing agreement with Fleetwood Enterprises, Inc. has been terminated, and disagrees with Fleetwood's position expressed in a company press release late Monday…
Here Comes That Upstream Inventory Effect…
We speculated just a few weeks ago (SEW 0325) about the effect the apparent climb in Q1 retail inventories would have on results for the vendors as we moved into the calendar second quarter. After reviewing the first of the vendor Q2 reports released this
Carrefour Extends License Agreement with Cherokee
Cherokee Inc., a marketer, licensor and manager of a variety of brands it owns and represents announced that Carrefour S.A. has elected to extend its agreement for the Cherokee brand for an additional three years…
Vans Unloading Skateparks, But Inventory Builds on Weaker Sales…
VANS shares jumped more than 7% on Friday, recovering a bit to show a 5.2% decline for the week after the company announced fiscal 2003 fourth quarter results that included a $10.5 million pre-tax charge for the termination of a number of skatepark leases
Fleet Feet Awards Lifetime Achievement Honor to Runner’s World Founder…
At the Fleet Feet National Retail conference held in Boston last week, George Hirsch, founder of Runner's World Magazine, was awarded the Fleet Feet Lifetime Commitment to Running Award…
Timberland Falls on Back Half Caution…
Timberland matched analysts’ estimates for the second quarter, helped by strong sales of hiking boots and outdoor apparel, but sounded a cautionary tone about the company’s second half prospects…
New Brands Keep Huffy Alive…
Huffy Corporation chairman and CEO Don Graber pointed to the Gen-X acquisition and new customers in its service business as the key drivers for the sales and earnings growth for the second quarter. That left little positive for the company’s bike and tea
Get Your Paper, Read All About It, Cloudy Weather Impacts Oakley Second Quarter…
CEO Jim Jannard on the conference call with analysts following the company’s release of second quarter results as he read weather-related newspaper headline after newspaper headline from around the country…
Callaway Jumps on Positive Outlook and Potential Upside in Top-Flite Deal…
Callaway Golf easily beat Wall Street earnings estimates for the second quarter as profits declined 8.0% and sales dipped 4.1% for the period ended June 30, 2003. Analysts challenged the company’s management on how they might provide better guidance afte
…As adidas Throws Its Hat in the Ring…
Callaway CEO Ron Drapeau said Thursday that the Top-Flite acquisition is the “preferred solution to help eliminate the losses in the ELY ball business, but “not the only option”. He may have to look at those other options if adidas is able to convince th
…Trying to Play Catch Up with Nike…
The proposed adidas-Salomon acquisition of Top-Flite will do little to further the intentions spelled out by the company’s CEO, Herbert Hainer, in comments to the German magazine, Der Spiegel…
The Allegheny Trail Company will be Blair Corp.’s newest brand
The Allegheny Trail Company will be Blair Corp.’s newest brand, targeting the outdoor apparel wholesale market. The Warren, PA-based company says that ATC will offer an entry-level line of apparel basics, including polo’s, tanks, cargo pants, and fleece
