As Rawlings Investor Gives Go Ahead…
Daniel Gilbert, who holds nearly 15% of Rawlings' stock, said he has become comfortable with K2 CEO Dick Heckmann's vision for Rawlings and will support KTO’s purchase of the venerable sporting goods brand…
China Gives Nike Spanish Relief…
Nike lost its Spanish trademark battle, but may have won the war in the Chinese courts…
IT’S DONE. Gart and TSA Merge…
Gart Sports Company and The Sports Authority, Inc. announced that their boards of directors have unanimously approved a definitive agreement providing for a merger of equals to create the nation's preeminent sporting goods retailer. The combined comp
Skechers Ends Year with Q4 Loss; Sales Down 15.6%
Skechers USA, Inc. reported fiscal year 2002 net sales slipped 1.8% to $943.6 million, compared to net sales of $960.4 million in 2001. Net earnings for 2002 were $47.0 million, flat to 2001. Net sales for the fourth quarter of 2002 were $180.8 million c
Johnson Outdoors Aims to Boost Sales through Discount Chains
Johnson Outdoors Inc. will try to boost sales by creating more products for big discount chains, starting with Eureka! tents at Wal-Mart stores this year…
U.S. to Push for Limit on Vietnamese Textiles
Trade negotiators today will discuss limiting Vietnamese clothing exports to the United States following skyrocketing sales during the past year…
Gilbert Drops K2/Rawlings Objections; Declines Board Seat
Investor Daniel Gilbert, a nearly 15% stakeholder in Rawlings Sporting Goods Company, Inc., announced Wednesday that he is now supporting the proposed merger with K2 Inc…
Reebok Expands Mall Presence to Limited Too
Reebok and Limited Too announced a partnership that includes Reebok footwear in Limited Too's stores, website, and “catazine” — the retailer's product and promotions guide which is mailed to more than 4 million girls several times per year…
Liquidmetal Narrows 2002 Loss
Liquidmetal Technologies announced revenues for 2002 grew to $13.1 million compared to $3.9 million in 2001, a 238% increase. For the full year, the net loss including discontinued operations amounted to $18.4 million, or $0.47 per share, compared with a
Nordy’s Fiscal 2002 Profits Slide 28%
Nordstrom, Inc. reported net earnings and earnings per diluted share for fiscal 2002 ending January 31, 2003 decelined 28% to $90.2 million and $0.66, respectively. Fiscal 2002 net sales increased 6.1% to $6.0 billion compared to sales of $5.6 billion in
Thule Appoints Field Envoy
Thule has appointed Darren Snyder as its Thule Envoy. In this newly created field position, Snyder will report to Mike Moore, Thule Western Sales Manager and support Thule’s western region sales representatives…
Tommy Armour Names Custom Club Manager
Tommy Armour Golf Company, a subsidiary of Huffy Corporation, announced that Mark Adams, a Professional Clubmakers’ Society (PCS) Certified Class A Clubmaker, has been hired as Manager, Custom Golf Club Operations…
UA’s Kevin Plank Named to Fast 50
The March 2003 issue of Fast Company named Kevin Plank, founder and president of Baltimore-based Under Armour® Performance Apparel, as one of the top 50 business innovators in the world.
NSSRA Names Top Suppliers
Honoring vendors whom its membership feels have best
serviced ski and snowboard shops, the National Ski & Snowboard Retailers Association (NSSRA) presented five industry suppliers with its “Supplier of the Year” awards during the recent SIA SnowSports Sho
JC Penney DS 2002 Operating Profit Up 27%
J. C. Penney Company, Inc. reported that earnings per share from continuing operations doubled to $0.68 for the fourth quarter and were $1.25 for the full year. Department Stores and Catalog Q4 LIFO operating profit increased 35%, or 160 basis points as
