Variflex Up On In-Line Skate Deal…
Variflex shares skyrocketed last week on much higher volume, gaining almost 47% for the week to close at $5.55 on Friday. The run-up appeared to be due to the impressive results reported for the company’s fiscal third quarter, with sales jumping over 55%
Golfsmith Swings to First Quarter Loss; Acquires Zevo Brand…
Golfsmith is the latest retailer to report that online sales are getting a larger percentage of total sales.
The operator of 26 golf “Superstores” now sees retail store sales account for 54.7%, or $25.0 million, of its business versus 56.7% for the last
E21 Gets USGA Shaft Approval…
The United States Golf Association notified Element 21 Golf Company last week that the company’s scandium shaft technology “conforms to the Rules of Golf”…
GolfGear Doubles Q1 Loss…
GolfGear International Inc. saw net sales in the first quarter rise 44.3% to $545,245, compared to $377,780 for the same quarter last year. The company had a net loss of $502,601 in Q1, compared with a $240,290 net loss in the year-ago period. The full
Kappa Taps New Partners…
BasicNet, the Italian sportswear firm, said its Kappa Spain unit has signed a deal with Spanish sporting goods distributor Proged to distribute BasicNet’s Kappa and Robe di Kappa brands in Spain, Portugal and Andora. Another deal was struck with the new
G-III Sees Q1 Gains on Factory Closure…
G-III Apparel Group reported net sales for the fiscal 2004 first quarter jumped 47.4% to $18.7 million, compared to $12.7 million in the year-ago period. The company narrowed its net loss for the period ended April 30th to $2.6 million, or ($0.38) per sh
We’re On a Mission From God…
Kingdom Ventures, Inc., which claims to be a rapidly growing church development company, said it has signed an agreement with GiveAnything.com, Inc., an on-line service that enables its clients to purchase and give on-line gift certificates that can be sp
Adidas Sees Q3 Pickup in U.S…
The CFO at adidas-Salomon AG hinted on Tuesday that the company expects stronger fourth quarter sales in sales in the U.S. fueled by higher third quarter orders. Chief Financial Officer Speaking at a conference in Frankfurt, CFO Robin Stalker said that t
Oakley Settles Luxottica Suit…
For the second time in less than sixty days Oakley has been able to settle actions taken to protect its XYZ Sunglass Optic Patents. The company last week settled two patent and intellectual property suits that were pending against competitor/customer, Lu
Nautilus Appeals Loss in ICON Action…
The Nautilus Group, maker of the Bowflex fitness machine, will appeal a ruling last week that saw its motion for a preliminary injunction against rival fitness equipment maker ICON Health and Fitness, Inc. denied by the United States District Court in Was
Oregon Archery Products Company Grows Quickly
BowTech says it makes the fastest bow on the market. And the company may be in line to claim another speed record — for the fastest-growing archery company in the nation. With sales almost doubling every year since its founding in late 1999, the maker
Moir Named Wilson Golf Global Business Director
Wilson Sporting Goods has announced that Angus Moir, Wilson’s Business Director, Golf Europe has been appointed as Global Business Director, Wilson Golf, effective immediately. Angus will be responsible for leading the worldwide Wilson Sporting Goods gol
Holst Named Eastern Regional For Wilson Golf and Racquet Sports
John Holst, formerly Territory Manager for Wilson Golf, has been promoted to the position of Eastern Regional Sales Manager, Wilson Golf & Racquet Sports. Holst will focus specifically on golf accounts. In his new position, he will direct a staff of 11
Varsity Brands, Inc. Files Preliminary Merger Proxy Statement
Varsity Brands, Inc. announced that it had filed on Wednesday its preliminary merger proxy statement and schedule 13E-3 transaction statement with the Securities and Exchange Commission in connection with the previously announced acquisition of the compan
GBMI Names John Lewis Vice President of Marketing
Global Brand Marketing, Inc., owner of Pony International and Dry-shoD, and global footwear licensee for Diesel, XOXO, Nautica and Mecca, has named John Lewis as Vice President of Marketing for GBMI. Mr. Lewis will be responsible for overseeing all aspect
