InSport International Rebrands Corporate Identity
Seeking to invigorate its position as the leading specialized manufacturer of athletic apparel, InSport International released its new brand identity to the trade last week during the Outdoor Retailer Show…
Vans Gets $8.0 Million Award in Brabson Lawsuit
Vans was awarded approximately $8.0 million in a lawsuit Vans had filed against a former officer and consultant and their affiliates in March 2002. The suit alleged that the defendants engaged in a conspiracy to get unauthorized payments or commissions fr
Oakley Announces Iacon Expansion Plans and the Promotions of Key Personnel
Oakley Inc. announced 2003 expansion plans for Iacon Inc., the company's wholly owned specialty sunglass retailer. The company also announced the promotion at Iacon of Pete Siegle, Greg Wicklman and Rudy Esquivel…
Mr. Rags Files Chapter 11…
California-based Mr. Rags Acquisition Inc. has filed for Chapter 11 bankruptcy protection. A private investment firm bought the 114 store teen retailer last spring from Claire’s Stores…
Quiksilver Expands CapEx Budget in 2003…
Quiksilver Inc. announced in an SEC filing last week that it expects $35 million to $40 million in capital expenditures in fiscal 2003 ending October 31, 2003. Fiscal 2002 capital expenditures were $22.2 million, compared with $22.6 million in fiscal 200
Head Consolidates Winter Sports Operations
Head N.V. announced a two-stage process to consolidate offices and warehousing in the U.S. The Head Tyrolia Wintersports business will move to Norwalk, CT and the company's Winter warehouse will be consolidated into the new, larger, state-of-the-art
The Sports Authority Cuts Q4 Outlook on Reduced Comps
The Sports Authority, Inc. announced that it expects fourth quarter earnings from normal operations of $0.46 to $0.49 per diluted share versus the Company's prior guidance of $0.50 to $0.53. The reduced view is expected to result in
earnings per di
JC Penney Appoints Krauter GMM Men’s and Kid’s
J.C. Penney Corporation, Inc. announced the appointment of Lana Cain Krauter, 51, as Executive Vice President and General Merchandise Manager, Men's and Children's Division. She will report to Vanessa Castagna, JCP Chairman and Chief CEO of JCPe
Columbia Reports 2002 Net Income Up 15.4%
Columbia Sportswear Company announced net sales increased 1.4% to $217.3 million for the fourth quarter ended December 31, 2002. The company reported net sales increased 4.7% to $816.3 million for fiscal year 2002. Net income for Q4 was $29.1 million, a
Luxottica Reports 2002 Net Income Increases 17.6%
Luxottica Group S.p.A. announced consolidated net sales for the quarter ended December 31, 2002 declined 7.7% to 668.6 million euros. Net income for the quarter rose year-over-year by 22.3% to 74.4 million euros…
Brunswick Sees Q4 Net Sales Rise 29%; Reports Profit
Brunswick Corporation reported net earnings of $20.5 million for the fourth quarter of 2002, compared with a net loss of $2.6 million for the year-ago quarter. Sales increased 29% to $928.0 million. The company reported net sales rose 10% to $3.7 bn for
SIA Appoints New Chairman, Board Members
A new chairman and three directors were elected
to the SnowSports Industries America board of directors this week at the association’s annual meeting in Las Vegas. The meeting was held in conjunction with the 2003
SIA SnowSports Show…
Malden Strikes Initial Deal on Chapter 11 Exit
Malden Mills Industries, Inc. announced that the company, the agent for its senior lending group, and its unsecured creditors' committee have agreed in principle to terms for a consensual plan of reorganization…
West Marine January Comp Store Sales Dip 5.4%
West Marine, Inc. reported that net sales for the four weeks ended January 25, 2003 increased 10.4% to $24.5 million. Comparable store net sales decreased 5.4% from the same period a year ago…
Vans Extends Asia Licenses
Vans, Inc. announced that it has reached agreements for five-year extensions of its license agreements with ABC-Mart Inc. The licenses cover Japan, South Korea, Hong Kong, and Taiwan…
