K2 Inc. Sees Q2 Net Income Up 52% on 27% Sales Increase
K2 Inc. reported that net sales for the second quarter ended June 30, 2003 increased 27.0% to $199.7 million from $157.2 million in the 2002 second quarter. Net income was $5.8 million and diluted EPS was $0.19, including $0.03 per share relating to a ga
NPD Reports Private Label Apparel Sales Up in A Down Market
While overall apparel sales have been down for the last four years, private label sales have increased five percent over the last five years, according to leading market information company The NPD Group, Inc. A key reason for this growth is that retaile
Paul Dudek Joins FILA as VP of Global Integration
In a continuing effort to develop their management team and streamline business practices, Sport Brands International CEO Jon Epstein has named Paul Dudek as VP Business Integration for the company…
TNF Gains in Q2 Not Enough to Offset Other VF Declines
VF Corporation reported second quarter income from continuing operations was $74.9 million, or 68 cents per share, compared with $88.5 million, or 79 cents per share in Q2 2002, which included a 3 cents per share benefit from unusual items. Sales in Q2 fe
Ex Officio Braces for Growth; Adds Key Personnel
Ex Officio recently broadened their sales team to brace for growth in 2004. Three openings in the Midwest, Rocky Mountain States, and Southern territories have made room for some new sales representatives to join the Ex-O team. In addition, two Divisional
SGAA July Rep News
The Sporting Goods Agents Association has recently inducted several rep agencies into the 69 year-old trade organization. New reps welcomed by SGAA president Gary Niland were Bob Watkowski, Double Eagle Sales Inc.; John Conlin and Mike Bloom, John Conlin
K2 Inc. Acquires V2 Optics
K2 has reached agreement to acquire V2 Optics, a designer, manufacturer and distributor of high-performance sunglasses and technologically advanced snow goggles. V2 is also the first company to develop a snow goggle specifically for women…
SGMA: Sales of U.S. Recreational Products on Positive Pace
From archery to water skiing, the U.S. sports industry is nearly a $70 billion business. According to SGMA International's Recreation Market Report, manufacturers' sales of sporting goods equipment, sports apparel, athletic footwear, and
Cutter and Buck Renews Sorenstam Sponsorship Deal
Cutter & Buck Inc. has renewed its sponsorship deal with Annika Sorenstam. Under this three-year contract, the Swedish athlete will wear Cutter & Buck golf and lifestyle apparel exclusively for all professional golf tournaments, events and media appearan
Fotoball Sees Q2 Loss as Sales Cut Almost in Half
Fotoball USA Inc. reported net sales for the second quarter of 2003 were $7.5 million with a net loss per diluted common share of ($0.02) versus second quarter of 2002 net sales of $14.3 million with a net income of $0.12 per diluted common share. The co
NRF: Back-to-School Spending to Top $14 Billion
Consumers are planning a trip back to the stores before sending their children back to school this year, according to the findings of a new National Retail Federation (NRF) survey. The NRF 2003 Back-to-School Consumer Intentions and Actions Survey
Next, Inc. Locks Up Major Shareholders
Next Inc. has announced that its significant stockholders (representing approximately 63% of total shares of common stock outstanding as of July 22, 2003) have entered into lock-up agreements with each other and the Company restricting their ability to se
Coleman Reaffirms Termination of Fleetwood License
The Coleman Company, Inc. said that it stands by its announcement Monday that its licensing agreement with Fleetwood Enterprises, Inc. has been terminated, and disagrees with Fleetwood's position expressed in a company press release late Monday…
Here Comes That Upstream Inventory Effect…
We speculated just a few weeks ago (SEW 0325) about the effect the apparent climb in Q1 retail inventories would have on results for the vendors as we moved into the calendar second quarter. After reviewing the first of the vendor Q2 reports released this
Carrefour Extends License Agreement with Cherokee
Cherokee Inc., a marketer, licensor and manager of a variety of brands it owns and represents announced that Carrefour S.A. has elected to extend its agreement for the Cherokee brand for an additional three years…
