Vail Gets Approval for Major Keystone Expansion
Adam Aron, chairman and chief executive officer of Vail Resorts, announced Tuesday that effective immediately the U.S. Forest Service has approved the addition of an impressive 861 acres of ski terrain to the Keystone Ski Resort. The new terrain, known as
Sport Chalet Fiscal Q3 Net Income Up 18% on 2.9% Comp Gain
Sport Chalet, Inc. reported that sales for the fiscal third quarter ended December 31, 2003 increased 10.3% to $79.7 million from $72.3 million in the year-ago period. Same-store sales increase of 2.9%. GM improved 130 basis points to 32.6%. Increased
Brown Shoe Company Closes on Bass Deal
Brown Shoe Company, Inc. and Phillips-Van Heusen Corporation announced that they have closed the previously announced transaction for PVH to license to Brown Shoe the design, sourcing and marketing of footwear at wholesale under PVH's well-known Bass
LaCrosse Footwear Receives Settlement in Vendor Dispute
LaCrosse Footwear, Inc. has received a one-time, nonrecurring cash payment of $900,000 in settlement of a dispute with a former vendor. This will be reported as an expense reduction in the first quarter of 2004…
Everlast Inks Russian Licensing Deal
Everlast Worldwide Inc. has signed a new licensing agreement with Sparta Ltd., a sporting goods supplier based in St. Petersburg, Russia. Sparta will serve as the Everlast licensee of retail boxing equipment as well as products used for exercising, aerobi
REI Names prAna Vendor of the Year
Recreational Equipment, Inc. has announced its 2003 Vendor Partnership Awards, including the selection of prAna as REI’s Vendor Partner of the Year. Based in Vista, CA, prAna is entering its 12th year of business. The company has worked to establish itse
Airwalk Taps Royer as New European Licensee
Collective Licensing International, LLC, owner of the Airwalk® brand, recently announced that the company has entered into a pan-european licensing agreement with France-based Royer SA to license the Airwalk® brand. Royer SA will distribute and market Air
Mountainsmith Names Michael Glavin VP of Marketing
Michael Glavin has been named Vice President of Marketing for Mountainsmith. In his new position, Michael will be responsible for development and implementation of the company’s product lines, for new business growth, and for management of the Mountainsm
Cascade Designs Moves Sweetwater and Packtowel Under MSR Umbrella
Mountain Safety Research announced that SweetWater filters and Packtowl camping towels will be sold under the MSR brand name. The company made this decision to consolidate brands in order to better focus resources on building the MSR brand, leverage MSR b
MSR Wins ISPO Outdoor Award
Mountain Safety Research’s new Lightning Ascent snowshoe has been named a 2004 ispo Outdoor Award winner in the hardware category. The Lightning Ascent was chosen for the award because it represented the best in its category for function, quality, technic
Amer Reaches Agreement with Phillip Morris
Amer Group has today reached an agreement with Philip Morris regarding its tobacco business. Amer will withdraw from its tobacco business on 26 March 2004 as Philip Morris has agreed to buy back the exclusive right Amer Tobacco Ltd holds to produce and se
Russell Corp. to Reincorporate in Delaware
The Russell Corporation board of directors has approved a proposal to change the Company's state of legal incorporation from Alabama to Delaware. The reincorporation proposal will be submitted for consideration at Russell's annual meeting of sha
Footstar Gets Extension from Lenders to File Financials
Footstar, Inc. today reported that it has received a waiver and extension until February 11, 2004 of the requirement to provide financial statements to the syndicate of banks, led by Fleet National Bank, that provides the Company's $345 million senio
PUMA Doubles 2003 Net Income on 40% Sales Increase
PUMA AG Rudolf Dassler Sport reported preliminary results for FY 2003 indicating that consolidated sales increased 40.0% to €1.27 bn ($1.44 bn) from €910 million ($861 mm), or up 48% in currency-neutral terms. Consolidated net
earnings rose from €85 milli
Gildan Calls for Independent Audit of Honduran Operation
Gildan Activewear Inc. has requested the Fair Labor Association, in which Gildan is a Participating Company, to conduct an independent audit at one of its Honduran sewing facilities. The audit is related to a complaint filed with the FLA, alleging that Gi
