Timberland Sees Q2 Net Income Jump 18% on Strong International Effort
The Timberland Company reported revenue of $211.7 million for the second quarter, 10.5% higher than the $191.5 million reported for the second quarter of 2002. Constant dollar revenue growth, which excludes the impact of changes in foreign exchange rates,
Cannondale Taps Bell Sports Vet as COO
John Doerr has joined Cannondale as its new Chief Operating Officer. A bike industry veteran and a passionate mountain biker, Doerr comes to Cannondale from Bell Sports where he was Vice President of Supply Chain Management…
West Marine Q2 Earnings Up 25% as Comps Slip 4.4%
West Marine, Inc. reported net income for the second quarter ended June 28, 2003 of $19.8 million, or $0.98 per share, compared to net income of $15.8 million, or $0.79 per share, a year ago. Net sales for the quarter were $233.0 million, up 22.6% from $
Sears Q2 Net Income Jumps 35% on Fairly Flat Revenues
Sears, Roebuck and Co. reported net income of $309 million, or $1.04 per share, for the second quarter ended June 28, 2003, compared with net income of $229 million, or $0.71 per share, in Q2 2002. Revenues for Q2 increased 0.9% to $7.8 bn. The revenue
Acushnet Helps Fuel Q2 Gains at Fortune Brands
Fortune Brands, Inc. reported net income for the second quarter of 2003 was $176.7 million, or $1.18 per diluted share, as compared to $196.9 million, or $1.27 per diluted share, in the year-ago quarter. Consolidated net sales were up 5% to $1.58 billion
Cybex Refinances Credit Facility
Cybex International, Inc. has successfully refinanced in full its prior credit facility. Cybex' new credit arrangements include a $19,000,000 working capital and term loan facility from CIT Group/Business Credit, Inc. and a $11,000,000 mortgage loan
NRF Asks Senate to Stay Out of Overtime Fight
The National Retail Federation has asked the Senate to reject an amendment that would block the Department of Labor from implementing a proposed update to 50-year-old Fair Labor Standards Act rules on overtime. NRF said it would count the amendment, expec
Amerex Promotes Alvarez-Mitchell to Vice President
Amerex Group, Inc. has announced that the current Director of Marketing and Creative Services, Monica Alvarez-Mitchell, has been promoted to vice president, overseeing design and implementation of the company's brands. Prior to joining Amerex, Ms. A
Sportcraft Adds Sales and Marketing Managers
Jim McGeehan has joined Sportcraft as Regional Sales Manager of the Western U.S. region. Jim previously held the position of Director of International Sales for And-1.
Jeff Stack has joined Sportcraft as Marketing Manager for New Business Development. Je
NSGA: CPI for Sporting Goods Improves in June
The National Sporting Goods Association is reporting that the most recent data from the Bureau of Labor Statistics showed the Sporting Goods CPI Index at 100.7 for June, down 0.2% versus the June 2002 index. The association's research group said the
Luxottica Says Sales of Oakley Product Flat at Sunglass Hut
Luxottica Group S.p.A. issued a clarification regarding its business with Oakley. The release was in response to inquiries by members of the financial community related to Oakley's second quarter financial report that indicated that sales to Sunglas
Vans Fiscal Q4 andYear Sales Flat; Racks Up $29 Million Loss for Year
Vans, Inc. announced net sales for the fourth quarter ended May 31, 2003 were flat at $63.3 million, with gains at company-owned retail stores masking a 12% decline in the U.S. wholesale business. The net loss from continuing operations, including a $10.
Callaway Q2 Net Income Down 8.1% on 4.1% Sales Decline
Callaway Golf reported net sales for the second quarter declined 4.1% to $242.1 million, with foreign currency exchange rates favorably impacting net sales by approximately $7.5 million. Net income was down 8.1% to $34.1 million, versus $37.1 million for
Unifi Announces Signing of Kaiping Non-Binding Letter of Intent
Unifi, Inc. has signed a non-binding letter of intent to form a joint venture type company with Kaiping Polyester Enterprises Group Co. in Kaiping, Guangdong, China to manufacture and sell certain polyester and nylon products. It is anticipated that Unifi
Johnson Outdoors To Top Analyst Q2 Estimates; Announces Recall
Johnson Outdoors Inc. announced Thursday it anticipates third quarter earnings to be in the range of $0.57 – $0.61 per diluted share. Third quarter results will reflect one-time charges of between $3.3 million and $3.8 million pre-tax stemming from a vol
