Danskin De-Registers Stock; Terminates Reporting
Danskin, Inc. will file a Form 15 Friday with the Securities and Exchange Commission to deregister its common stock and terminate reporting obligations under the Securities Exchange Act of 1934…
True Temper 2002 Sales Decline 3.3%
True Temper Sports, Inc. reported that 2002 sales declined by 3.3% to $107.4 million in 2002 from $111.1 million the prior year. Full year net income decreased to $9.3 million from $24.6 million in the prior year. Net income increased 35% from $6.9 mill
K2 Inc. and Rawlings Announce Merger Exchange Ratio
K2 Inc.and Rawlings Sporting Goods Company, Inc. have announced the exchange ratio in connection with K2's proposed merger with Rawlings. If the merger with Rawlings is completed, each Rawlings stockholder will receive 1.080 shares of K2 common stock
The Hockey Company Posts 2002 Profit on 7.3% Sales Gain
The Hockey Company reported net sales in fiscal year 2002 ended December 31, 2002 grew by 7.3% to $212.7 million from $198.2 million in 2001. Net income for the year ended December 31, 2002 was $4.3 million compared to a $10.5 million net loss for the ye
GoLite Finds Military Deals Sometimes Cumbersome
Demetri Coupounas, president of Boulder-based GoLite, is glad that America's elite warriors have adopted the company's lightweight sports gear for battle. But it's not as though he went after the business. GoLite generally doesn't
Reebok Sees Earnings, Profits Rise, But CEO Gets No Raise
Although Reebok International Ltd. saw its profits rise smartly in 2002, the salary and bonus of chairman and chief executive Paul Fireman remained roughly the same at about $3.08 million, according to a proxy filed Monday to the Securities and Exchang
Outdoor Retailer Moves Winter Market Back a Day
VNU Sports Group announced they will change the 2004 Outdoor Retailer Winter Market show dates to run from Friday, January 30th through Monday, February 2nd, 2004. Winter Market’s 2004 dates had originally been scheduled for January 29th-February 1st. T
MLB Gives Consent on K2/Rawlings Deal
K2 Inc. announced late Monday that certain consents and approvals related to the proposed merger with Rawlings Sporting Goods Company, Inc. have been obtained, including the consent of Major League Baseball, eliminating a final hurdle for K2's propos
Oleksyk Takes Top Spot at Pride Golf Products Division
Rick Oleksyk has teed up to take command at Pride Golf Products Division, a Gaithersburg subsidiary of Pride/Softspikes Inc. Formerly known as Softspikes Inc., the manufacturer of plastic golf cleats merged in January with Pride Manufacturing Inc., a Gu
Kmart Posts $3.22 Billion Loss for 2002
Kmart Corporation reported total sales for the 52 weeks ended January 29, 2003 totaled $30.76 billion, compared with $36.15 billion in fiscal 2001. On a same-store basis, sales declined 10.1% in fiscal 2002 from the previous year. Kmart reported a net l
Callaway Golf and The NHL Announce Licensing Agreement
Callaway Golf Company announced that it has signed a licensing agreement with the National Hockey League to manufacture and sell golf products bearing the logos of the NHL and its teams. The multiyear agreement applies to Callaway Golf products and putter
Cannondale Completes Auction of Bicycle and Motorsports Divisions
Cannondale announced the results of separate auctions of its bicycle and motorsports divisions. The auctions for the assets of both divisions were conducted under Section 363 of the United States Bankruptcy Code at the Company's Bethel, Connecticut
Forzani Group 2002 Profits Up 48% on 20% Sales Increase
The Forzani Group Ltd. announced retail system sales (corporate and franchised stores) for the fiscal year ended February 2nd, 2003 increased 20.2% to $1.053 billion compared with $876.4 million for the year ended January 27th, 2002. Net earnings for the
Converse May Delay IPO
Converse has reportedly canceled a conference call to discuss its planned $86 million Initial Public Offering. The IPO has been delayed to “uncertain global conditions” and stock market uncertainties over the start of the war in Iraq…
Nike Looks to Asia and Europe for Growth…
The strategy to reduce its exposure at Foot Locker caused U.S. fiscal Q3 footwear revenues to slip and U.S. footwear futures to be move lower, but Nike says sell-through of Nike footwear remains robust and long-term prospects look promising…
