Gildan Activewear to Move into Retail Channel, Change to U.S. Dollar Reporting…
The Canadian supplier of blank t-shirts, sport shirts and fleece, with offices in Barbados and manufacturing in Latin America, will now be using the U.S. dollar as its functional and reporting currency. The company also indicated that it will build addit
Huffy Shares Plunge after Company Issues Q4 Warning…
In a hastily arranged conference call with analysts last week, executives at Huffy Corporation lowered their guidance for the fiscal fourth quarter based on lagging November and flat October sales…
Martin Resigns CFO Post at Russell Corp.
Russell Corporation announced that Robert D. Martin, senior vice president and chief financial officer, will leave the company effective December 31, 2003. Eric N. Hoyle, Russell's CFO from 1998 to 2000, will assume responsibility as interim chief fi
Callaway Moving Hogan to Carlsbad…
We’ve been waiting for the other shoe to drop as Callaway Golf Company moves to consolidate the operations of its recently acquired Top-Flite Golf divisions…
G-III Repositions for Profitable Growth…
G-III Apparel Group, Ltd. has been busy cleaning up inventories and building a sportswear business to flatten out its sales cycles that have always depended upon outerwear sales…
At Retail, Apparel Means Profits in Q3…
While it appears at first glance that the Sporting Goods sector in our Q3 Retailer Performance Report (see page 11) outperformed the other sectors in net income growth, one only has to look at the extremely poor return on sales in the sector and it’s clea
Rebel Sport Posts Solid YTD Gains…
Australia’s largest sporting goods retailer, Rebel Sport, reported their five-month YTD sales numbers increased 8% to A$108.5 million (US $79.9 million). Excluding the Glue lifestyle stores, the core sporting goods stores posted a sales increase of 7.6%.
Kmart Closing New England D.C…
Kmart Holding Company announced that they will be closing their New England distribution center in Billerica, MA when the lease runs out in February. The closure will put 250 hourly workers and 40 managers out of a job after the new year…
Coleman Lays Off Production Workers…
Coleman is cutting back on their payroll costs through a series of layoffs at two different plants. In Wichita, KS, 142 employees, most of whom assemble propane products, will be furloughed and 181 sleeping bag manufacturing employees will be cut at the
Nordica and Subaru Join Forces
Subaru has entered a new marketing partnership with Nordica USA. Under the terms of the partnership, Nordica USA will officially join the Subaru Master the Mountain program, an instructional ski tour for skiers and snowboarders. Nordica USA will provide f
Lessing Joins Cervelo
Simon Lessing announced today that he will race on Cervélo bikes. Simon will be making the transition to Ironman in 2004 and may also race the Olympic Triathlon next summer…
Teter Joins Nikita Clothing
Nikita Clothing is proud to announce slope-style champion, and half-pipe hero Hannah Teter as the newest addition to their elite team of professional snowboarders and skateboarders. The deal was finalized at the end of November, just before Teter flew to
Deep Distribution Adds Beck(y) to Inventory
Deep Distribution is proud to announce partnership with Beck(y), the accessories line that turns used skateboards into fashion-forward, usable bags…
QBP Will Distribute Thule
Thule Car Rack Systems, the world-leading manufacturer of car rack systems, announced that they have appointed Quality Bicycle Products (QBP) of Bloomington, MN, as their exclusive U.S. distributor to the independent bicycle channel…
Wellspring Capital Acquires Edwin Watts Golf
Edwin Watts Golf, a leading retailer of golf equipment, apparel and accessories, announced today it has entered into a partnership with Wellspring Capital Management LLC, a New York-based private equity investment firm.
