Nautilus Warns on Q2 and Full Year Results
Nautilus Group Inc. slashed its outlook for the second quarter and fiscal 2003, citing increased competition which hurt its Bowflex product line and soft consumer spending amid the weak market. The company now expects to report second quarter net sales in
Aussie Apparel Adds November to Stable
Aussie Apparel Group Ltd. has signed a letter-of-intent to acquire the November Clothing Company. Aussie Apparel simultaneously announced a letter- of-intent with Krash Distribution Company to acquire the November trademark in an asset purchase agreement.
NPD Expands Management Team
Tim Bowles has become a consultant to The NPD Group, joining the senior management team of this leading market information company. In addition to serving on the firm's Executive Committee, he will spearhead several key strategic projects for the fir
Stride Rite Makes Board Appointment
The Stride Rite Corporation announced that James F. Orr III has been elected to its Board of Directors. Mr. Orr has served as Chairman of the Rockefeller Foundation since December 2000. From May 2000 to December 2001, he was President and Chief Executive
American Capital Supporting Fenway’s Riddell Acquisition
American Capital Strategies Ltd. announced that it has invested $23 million in Riddell Sports Group Inc. American Capital's investment takes the form of senior subordinated debt and equity and supports the acquisition of Riddell by Fenway Partners In
Nordica Opens New Hampshire Headquarters
Nordica USA has opened the doors at its new corporate headquarters in West Lebanon, NH. The inauguation day event marked the storied brand’s return to New England after a six-year absence. On hand to celebrate the June 2nd opening were Mr. Giancarlo Zan
Saks Appoints Yiatchos SVP Marketing for Parisian
Saks Incorporated announced that Gary Yiatchos has been named Senior Vice President of Marketing for Parisian. Yiatchos replaces Bob Ferguson, who recently retired, and reports to George Jones, President and CEO of Saks Department Store Group…
VF Corp. Acquires Nautica in $585 Million Deal
VF Corporation has signed a definitive merger agreement to acquire Nautica Enterprises, Inc. VF will pay Nautica shareholders $17.00 per share in cash. VF will also pay approximately $14.6 million, net of tax, to cash out employee stock options, for a
Davis Named President of Enyce
Sport Brands International (SBI), the new parent company of Fila, Ciesse Piumini and Enyce, has named Evan Davis President of Enyce. Mr. Davis, 39, originally joined Enyce after serving as national sales manager and chief merchandiser for Mecca USA…
West Marine June Comps Down 2.0%
West Marine reported that net sales for the five weeks ended June 28, 2003 were $98.4 million, a 25.0% increase from net sales of $78.7 million for the same period a year ago. Comparable store net sales for the five weeks ended June 28, 2003 decreased 2.0
Shoe Pavilion Reports Q2 Same Store Sales off 7.6%
Shoe Pavilion announced net sales were $21.2 million for the second quarter ended June 28, 2003, compared to net sales of $22.7 million for the same period in 2002, a 6.9% decrease. Net sales from the Company's retail stores and Gordmans licensed sho
Shoe Carnival Appoints New Board Member
Shoe Carnival announced the appointment of Kent A. Kleeberger to its Board of Directors. He will also serve as a member of the Audit Committee…
Sears Elects Bax To Board
The board of directors of Sears, Roebuck and Co. today announced the election of William L. Bax, 59, former managing partner of PricewaterhouseCooper's Chicago-area practice, to membership on Sears' board of directors. His election increases th
GolfGear Licensing Zevo’s ‘Compressor’ Drivers
GolfGear has granted a non-exclusive, worldwide license to Golfsmith International to sell the remaining stock of metal woods it acquired from Zevo Golf – more specifically the Zevo Compressor drivers – under GolfGear's patents covering its proprieta
REI First To Act After FCC Ruling on Personal Locators
Following the recent FCC ruling approving the sale and use of personal locator beacons (PLBs) in the continental United States beginning July 1, Recreational Equipment, Inc. announced the availability of the new satellite-assisted search and rescue techno
