Huffy to Post Fiscal Year Loss on Lower Margins, Higher Expenses
Huffy Corp. announced that preliminary fourth quarter sales figures are in line with expectations, but the loss from continuing operations for the quarter will be substantially higher than previously anticipated and will likely result in a modest loss fro
Stride Rite 2003 Net Income up 5.7% on a 3.3% Sales Gain
The Stride Rite Corporation reported net sales for the fourth quarter of fiscal 2003 increased 6% to $103.8 million, resulting in a 3% net sales increase for the full year. Hilfiger Footwear increased 7% for Q4 and 9% for the year and Sperry Top-Sider ga
Gregory Hires New Southeast Sales Reps
Gregory Mountain Products has hired Ron Frongillo of Mountain 2 Sea Marketing to represent the brand in the Southeastern US. Ron will be replacing Bill Chandler’s Nomad, Inc…
Dahon Posts 28% Unit Sales Growth
Dahon California announced record sales results in 2003. Unit volumes increased by 28% compared to 2002. Dahon produced and sold an all time record high of 160,000 folding bicycles in 2003 compared to 125,000 units in 2002…
Noonan is Promoted to COO at Tecnica USA
Mike Noonan has been promoted to the position of COO of Tecnica USA and its subsidiary, Volkl Sport America. Noonan replaces John Stahler who will now assume the position of President and CEO of the Tecnica Group in the United States, which includes Tecni
Noonan is Promoted to COO at Tecnica USA
Mike Noonan has been promoted to the position of COO of Tecnica USA and its subsidiary, Volkl Sport America. Noonan replaces John Stahler who will now assume the position of President and CEO of the Tecnica Group in the United States, which includes Tecni
Hilpert Named Footstar Chairman and CEO
Footstar, Inc. has announced the appointment of Dale W. Hilpert, a veteran retailing executive, as Chairman, President and CEO. Mr. Hilpert, 60, succeeds Neele E. Stearns, Jr., who has been acting as Chairman and Interim CEO. Mr. Stearns was appointed Vic
Footstar Makes Changes with Financial Execs
The appointment of a new chairman and CEO at Footstar, Inc. has led to a number of changes in the executive team. Stephen R. Wilson, EVP/CFO of Footstar, will become EVP – Chief Administrative Officer reporting directly to the new CEO, Dale Hilpert. As
Footstar Athletic Comp Store Sales Dip 0.4% in Q4 on JFF Weakness
Footstar, Inc. reported a comparable store sales decline of 6.0% for the 14-week 2003 fourth quarter over the same 14-week period in 2002. Comparable store sales for the Athletic segment decreased 0.4% and at Meldisco decreased 10.4%. The company did not
Footstar Updates Restatement; May Sell Off Athletic Unit
Footstar, Inc. has updated its expectations for the total impact of its financial restatement for fiscal years 1997 through the first half of fiscal 2002 and reported on discussions it is having with its bank syndicate. The company is continuing to evalu
Pacific Cycle Acquired by Canadian Consumer Brands Company
Dorel Industries Ltd. has signed a purchase agreement to acquire Pacific Cycle, best known for its Schwinn, Mongoose and GT bicycle brands. The total value of the all-cash transaction is US$310 million and is being financed through additional debt facilit
SGMA: Forecasting the Future of the Sporting Goods Industry – 2010
Getting the right product to the right place at the right time. That’s the key to success in business – especially in the sporting goods industry. How that will be best accomplished by 2010 is the $64,000 question. That’s one of the dominant themes of
Vans Raises Guidance for Fiscal Q3, Full Year
Based on current trends, Vans, Inc. is raising its previous guidance by $0.04 for the third quarter and full fiscal year 2004. The company now expects diluted earnings per share from continuing operations for the base business (excluding skate parks expec
Dorel Acquires Pacific Cycles
Dorel Industries Ltd. is adding a significant new leg to
the Company's business by entering the bicycle industry through a major acquisition. The Company has signed a purchase agreement to acquire Wisconsin-based Pacific Cycle…
Oakley Opens O-Store in Chile
Oakley opened the first licensed O Store outside the United States and discussed the company's plans for additional international Oakley retail locations. This latest addition to the company's expanding retail presence opened December 10, 2003 i
