Confluence Surges In Spite of Compet-itor Promotional Deals…
Confluence Watersports has hired 41 new employees, bringing their total workforce to 217 people. In an exclusive interview with SPORTS EXECUTIVE WEEKLY, Kelley Woolsey, Confluence VP of Sales and Marketing, said these new employees are long overdue…
Pegasus Appoints New Cannondale COO.
John Doer has come aboard as Cannondale’s Chief Operating Officer. The former VP of Supply Chain Management at Bell Sports has a solid background in the Cycling industry with a successful tenure at the helmet company…
Bike Imports Fall; May Specialty Up…
The National Sporting Goods Association is reporting that bicycle imports fell to 3.5 million units in the first quarter of 2003, 13% fewer than in the same quarter last year, according to U.S. Department of Commerce data. The sporting goods retail trade
Galyans Appoints New President and COO
Galyan's appointed Edwin J. Holman as President and Chief Operating Officer of the Company. Mr. Holman will be responsible for Finance, Operations, Systems, Planning and Allocation, Stores and Culture. Real Estate, Legal, Store Planning and Construct
Finish Line Promotes Three; Geis to Head Apparel and Footwear
The Finish Line, Inc. has shifted some responsibilities for its footwear and apparel management teams. Jason Short and Mike Watson have each been promoted to Divisional Merchandise Manager of Footwear while Kathleen Kaplan has been promoted to the positio
Head Makes Director Promotions on Sales and Marketing Team
HEAD/Penn Racquet Sports has announced the promotions of Greg Mason to Director of Marketing and Pro/Specialty Sales and Phil Mintz to Director of Key Accounts/HEAD USA, both effective immediately…
Easton Renews Canadian License Deal with Mondor
Easton Sports announced that it has renewed its licensing agreement with Mondor Ltd., signing a multiyear extension with the Canadian hockey and baseball apparel manufacturer…
Obermeyer Taps Backbone Media for PR Effort
Obermeyer has retained Backbone Media to handle their public relations efforts. Located in Aspen, Obermeyer will partner with local Carbondale company Backbone Media to oversee media communications and promotions of its apparel, brand and rich company his
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
