Coastcast May Be Latest to Go Private
Coastcast Corporation reported that the Company's board of directors voted Thursday to establish a special committee of the board to consider whether it is in the Company's best interests to remain an independent publicly-traded company, and to
Luxottica Q1 Net Income Down 35% on 20% Sales Decline
Luxottica Group S.p.A. announced consolidated net sales for the first quarter of 2003 declined 20.0% to euro 704.5 million. Assuming constant exchange rates, consolidated net sales for the quarter would have declined by 6.6%. Wholesale sales declined 15
Brunswick Q1 Earnings Up 47% on 8% Sales Gain
Brunswick Corporation saw a 47% increase in diluted earnings per share in the first quarter of 2003 to $19.8 million, or $0.22 per diluted share, in line with previously announced expectations. For the quarter ended March 31, 2003, the company had net s
Rocky Halves Q1 Loss on Stronger Brand Sales
Rocky Shoes & Boots, Inc. reported the net loss for the three months ended March 31, 2003 decreased to $622,569, or $0.14 per diluted share, compared with a net loss of $1.2 million, or $0.27 per diluted share, for the same period last year. Net sales im
Kmart Reorg Plan Approved, Will Exit Chapter 11 May 5th
Kmart Corporation announced that the U.S. Bankruptcy Court entered an order Tuesday evening confirming the company's First Amended Joint Plan of Reorganization, as modified. With this and other actions, Kmart is set to complete its “fast-track” reor
SGMA Coordinating Sporting Goods Donations for Iraq, Afghanistan
Sporting goods are headed to Afghanistan and Iraq – earmarked for the children. SGMA International, World Vision and AmeriCares are making it happen! SGMA International is notifying the sports industry about this effort and World Vision and AmeriCares a
SGMA Releases 2003 ESPN Sports Fan Poll
Do you want to be the first one on the block to know the stats – on the American sports fan? You can find all this information in the ESPN Sports Poll/SGMA State of Sports Report (2003 edition), released by SGMA International. This survey examines inter
West Marine Appoints Nelson as CFO
West Marine, Inc. has announced that Eric Nelson, vice president — Finance, will be assuming a new role as senior vice president and chief financial officer effective May 7, 2003. Nelson, age 46, joined the Company in March 2000 as vice president and con
K2 Q1 Debt Restructure Sends Profits Down 96%
K2 Inc. reported that net revenues for the first quarter ended March 31, 2003, increased 6.5% to $157.1 million from $147.5 million in the yea-ago period. Net income in the quarter was $137,000, or $0.01 per diluted share, after an after-tax charge of $0
Callaway Rides Exchange Rates to Higher Q1 Sales, Profits
Callaway Golf Company has announced its financial results , announcing a 42% year-over-year increase in diluted earnings per share on a 6% increase in sales for the first
quarter ended March 31, 2003. The Company reported net sales of $271.7 million, com
Delta Mills Narrows Fiscal Q3 Loss on 13% Sales Gain
Delta Mills, Inc. reported net sales for the quarter ended March 29, 2003 increased 12.9% to $46.5 million compared to net sales of $41.2 million for the quarter ended March 30, 2002. The company reported a net loss of $1.1 million for the quarter compar
Shoe Carnival Issues Warning On Q1 Results
Shoe Carnival, Inc. has announced that due to lower customer traffic, sales for April and the first quarter ending May 3, 2003, are below previous expectations. Consequently, the Company has revised its sales and earnings expectations for the first quarte
GBMI Taps Robert Mangione to Lead Mecca Sales
Global Brand Marketing, Inc. has announced the appointment of Robert Mangione as National Sales Manager for Mecca Footwear. Mr. Mangione joins GBMI with over 15 years of marketing and sales management experience in the athletic footwear arena with positi
Saks, Inc. Appoints Two Parisian Execs
Saks Inc. has announced that David Doub and Kenneth Armstrong will join Parisian's senior management team on April 28, 2003. Doub has been named Senior Vice President/General Merchandise Manager of Ready-to-Wear for Parisian and Armstrong has been ap
adidas Forms New Cycling Unit
adidas-Salomon announced the formation of Mavic-adidas Cycling to manage the Group's road cycling and mountain biking activities in one operational unit. The new unit, Mavic-adidas Cycling, will be responsible for the design, marketing, sales and di
