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
Marmot Mountain Ltd. Made two big announcements…
Marmot Mountain Ltd. made two big announcements the week before the OR show. First they were awarded the 2003 American Mountain Guides Association Industry award. Tom Fritz, Marmot VP of Marketing, will accept the award from Mike Alkaitis, Executive direc
Specialty Quick Hits
There’s more good news for snow sports; Bogner and Phenix are teaming up; After failing to get EPA approval on its BugAway Ex Officio and Orvis Filanny Get It Right…; Crank Brothers beefs up its U.S., European, and Canadian Distribution; Transcend re-la
Outdoor Industry Vets Found New Sourcing Company
Two prominent veterans in the outdoor and active apparel industry, Jim Heiden and Mike Costa, announced today that they have joined forces to launch InterSource LLC, an international sourcing company specializing in knits and woven apparel…
Grivel Receives ISO 14001 Environmental Certification
Grivel has obtained ISO 14001 certification by the International Organization of Standardization. The certification acknowledges Grivel as a business in compliance with internationally established environmental regulations, and is valid for the 'desi
AAI gives Atlas Guides Choice Award…
Atlas Snowshoe Company received the American Alpine Institute's 2003 “Guides Choice” Award for both its men's and women's snowshoes..
Pacific Sunwear Q2 Net Income Jumps 84%; Sales Up 23%
Pacific Sunwear saw net income for the second quarter of fiscal 2003 increase 84% to $13.4 million, or $.26 per share, basic and diluted, over net income of $7.3 million, or $.15 per share, basic and diluted, for the second quarter of fiscal 2002. Sales
Cutter and Buck Settles SEC Probe; Ex-Execs Charged with Fraud
Cutter & Buck Inc. has finalized its previously announced agreement with the Securities and Exchange Commission (SEC), resolving the Commission's investigation of the company. The agreement provides for Cutter & Buck to comply with the financial repo
