K2 / Rawlings Deal Stymied By Lack of Partner Consent
In a regulatory filing on Thursday, K2 CEO Dick Heckmann indiocated that the purchase of Rawlings Sporting Goods is in doubt unless the Rawlings camp signs off on certain contract consents and amendments…
Skechers Counter-Sues Britney Spears
Skechers USA, Inc. has filed suit against singer Britney Spears and her companies, Britney Brands, Inc. and Britney Touring, Inc. for fraud and breach of contract. The suit, which was filed in federal court in Los Angeles, also charges Ms. Spears with unj
Cutter and Buck Fiscal Q3 Loss Widens As Sales Inch Higher
Cutter & Buck Inc. saw its loss for the fiscal third quarter ended January 31, 2003 widen to $9.7 million, or 91 cents a share, compared with a loss of $8.5 million, or 80 cents a share a year ago. Sales rose 4% to $34.6 million…
Urban Outfitters 2002 Net Income Surges 83% on 9% Comp Rise
Urban Outfitters, Inc. reported net sales, for the twelve months ended January 31, 2003, increased by 21% to $422.8 million. Comparable store sales increased $25.7 million or 9%: a 7% increase at Urban Retail and a 12% increase at Anthropologie Retail. D
Confluence Acting CEO Makes it Official
Confluence Watersports recently appointed John
Bergeron as the company's new President and Chief Executive Officer. Bob Sharp has been the acting CEO since May of 2002 and will continue in his position as a principal with American Capital Strategies
The Athletes Foot Continues International Expansion
The Athlete's Foot will continue its aggressive growth in 2003 with an emphasis on expansion throughout Europe and the Middle East. This follows a year of strong growth in 2002 despite a sluggish retail market worldwide. In 2002, The Athlete's
Burr Named President and CEO of Pride/Softspikes
On the heels of the acquisition of Softspikes, Inc. by Pride Manufacturing Company, LLC, which established the world’s premier consumable golf products company in Pride/Softspikes, the company named veteran Pride Golf Tee executive Bob Burr as President a
Columbia Acquires Mountain Hardwear
Columbia Sportswear Company has entered into a definitive merger agreement to acquire Mountain Hardwear Inc. for aggregate consideration of approximately $36 million, including approximately $30 million in cash and $6 million of debt assumption. The merg
Sneaker Thieves Make Tracks with 3,000 Pairs of Nike Air Jordans
Thieves have made off with nearly 3,000 pairs of Nike's latest Air Jordan shoes set to show up in Midwest stores later this month. The retail value of the heist: nearly half a million dollars. A tip led police to a trailer full of the $175 sneaker
Sports Authority Rides Tax Benefit to Surging Q4 Profits as Comps Dip 4.7%
The Sports Authority, Inc. reported that for the fourth quarter ended February 1, 2003, net income amounted to $52.9 million or $1.56 per diluted share versus $15.6 million or $0.47 per diluted share for the comparable period last year. Sales for the fou
Rocky Shoes and Boots, Inc. Director Resigns
Rocky Shoes & Boots, Inc. announced the resignation of Stanley I. Kravetz, a Director of the Company, effective immediately. Mr. Kravetz served on the Board of Directors since the Company's initial public offering in February 1993…
adidas and Louisville Sign Sports Marketing Deal
adidas America and the University of Louisville have reached a multi-year sports marketing partnership. This multi-year sports marketing partnership is an extension of the previous agreement that began in 1998. Terms of the agreement were not disclosed…
Wolverine Signs New Sock License Deal
Wolverine World Wide, Inc. has entered into a new licensing agreement with Iris Hosiery, Inc. of Montreal, Canada, to market Wolverine brand socks in North America…
Nike Golf Promotes Zimmerman to CEO
Nike, Inc., announced the appointment of Chris Zimmerman as chief executive officer of Bauer Nike Hockey, Inc., effective April 1, 2003. Zimmerman joins Bauer Nike Hockey after eight years with Nike, including the past four years with Nike Golf…
Foot Locker Grows 2002 Profits 46% on Flat Comps
Foot Locker, Inc. reported sales for the full year 2002 increased 4.3% to $4.5 billion as compared with sales from adjusted operations of $4.325 billion last year. Comparable-store sales inched up 0.1%. Income from continuing operations for 2002 increas