Tropical Sportswear Board Cleans House in the Executive Suite
Tropical Sportswear has terminated the employment of Christopher B. Munday, the former President and CEO, N. Larry McPherson, the former EVP and CFO, and Gregory Williams, the former EVP and General Counsel, each effective August 15, 2003. Michael R. Mit
Mossimo Q2 Net Income Cut in Half on Lower Net Revenues
Mossimo, Inc. reported second quarter 2003 revenue of $6.9 million compared to $7.4 million for the same period last year. Excluding non-recurring revenue from Q2 2002, MOSS reported a 16% increase in revenue. The company also reported net earnings of $
Speedo Parent Continues Climb Back in Q2
The Warnaco Group, Inc. announced second quarter pro forma
net revenues were $335.8 million, net income was $0.2 million and earnings per share was $0.00, compared to prior year's net revenues of $381.8 million, net income of $14.0 million and earni
Shoe Pavilion Posts Q2 Loss on Lower Comps
Shoe Pavilion, Inc. announced a net loss of $231,000 or (3 cents) per share, for the second quarter ended June 28, 2003 compared to net income of $528,000 or 8 cents per share, for the second quarter of 2002. Net sales decreased 6.9% to $21.2 million for
adidas Lays Out Plan for Troubled U.S. Market…
adidas expects fashion-driven footwear to be a short-lived trend in the U.S. market and is betting long term on performance as the primary driver of the brand in the U.S. Parent company adidas-Salomon laid out a strategy for the U.S. that puts “additiona
Major league Baseball Inks Landmark Licensing Deals…
In the most recent ESPN Sports Poll, almost a quarter of all respondents picked the NFL as their favorite spectator sport. No real surprises with that result, except that it might be a little low, but it was the number two spot we found interesting…
Major league Baseball Inks Landmark Licensing Deals…
In the most recent ESPN Sports Poll, almost a quarter of all respondents picked the NFL as their favorite spectator sport. No real surprises with that result, except that it might be a little low, but it was the number two spot we found interesting…
July Retail Comp Store Results Give Hope for Strong Back-to-School Period…
National retailers were pleasantly surprised by an uptick in sales last month, as industry insiders and analysts said consumers appear to be loosening the grip on their wallets. The perfect timing and buzz surrounding the mailing of child tax credit reba
THC Turns in Positive First Half Results…
The Hockey Company Holdings Inc. reported net income for the second quarter came in at $4.4 million, or 54 cents a share, compared with a year-ago loss of $300,000, or 5 cents a share. Gross margins improved 130 basis points to 46.7%. Net sales increase
Gildan Builds More Share in Fiscal Q3…
Gildan Activewear reported net sales for its fiscal third quarter benefited from the inclusion of an extra week in the reporting period. Sales were up 4.2% to C$204.0 million ($142.1 million) compared to C$195.7 million ($125.1 million) in the year-ago q
Former Cutter and Buck Execs Charged with Fraud as Company Settles Probe…
Cutter & Buck has finalized its previously announced agreement with the Securities and Exchange Commission, resolving the SEC's investigation of the company. CBUK will not have to pay any fines or monetary penalties, but agreed to comply with the f
Top-Flite Can Use Cash for Lawyers…
Top-Flite Golf Co. received bankruptcy court permission last week to use cash that is collateral for secured debt to fund its Chapter 11 restructuring. The company’s unsecured creditors has challenged the company’s move to use the collateral, contending
Amer Group Gets Hurt by Weaker Golf Sales, Exchange Rates, and Asia Woes …
There are times when it just doesn’t pay to be a division of a corporation in another country, and that may just be the case this last quarter as the Amer Group PLC reported results that were negatively affected by the weaker dollar and a much stronger Eu
Clash of the Titans… The Ongoing Saga Continues…
The speculation of Nike and Foot Locker getting back together may seem logical based on the hit both companies have taken in their respective sales numbers of late, but in its recently filed 10-K report for fiscal 2003 Nike gave no hint that it sees the r
As Nike Inks Another U.K. Soccer Deal…
In other news from Nike, the company has extended its partnership with another major soccer icon as it inked a long-term apparel manufacturing deal with London soccer club Arsenal. The seven-year deal, reportedly worth £55 million ($88.5 million), will r
