REDA Reports 76% Growth in Fiscal 2002
Privately-owned REDA Sports Corporation announced 7.8% comp year-over-year growth and explosive 76.3% year-over-year growth in FY2002, attributed mainly to the robust sales of Kappa USA, the company’s linchpin proprietary soccer brand…
The North Face Opens First NYC Store
The North Face opened its first New York City store last week. Located at 2101 Broadway at 73rd Street, in the heart of Manhattan's Upper West Side, the new store elaborates on The North Face®'s new retail concept designed to personify the bran
The NHL and The Hockey Company Forge Marketing Alliance
The National Hockey League and The Hockey Company have reached an agreement to form a long-term worldwide exclusive licensing and marketing partnership. Under the new agreement, The Hockey Company will have the exclusive rights to supply and market all C
Rodale Sees Turnaround, But Changes Leave Scars
Rodale Inc. said its Men's Health magazine surged in advertising revenue and circulation, reversing recent declines. Runner's World had the highest ad revenue in its history and Scuba Diving put its competition, Skin Diver, out of business.
Nike Golf Appoints U.S. General Manager
Nike Golf announced the appointment of David Pillsbury to U.S. General Manager, effective immediately, according to company president Bob Wood. Pillsbury joins Nike Golf after 14 years with the American Golf Corporation, most recently serving as Presiden
Ashworth and Callaway Profit from Apparel Deal
Ashworth Inc. and Callaway Golf Co. top players in the beleaguered golfing industry, where significant growth has been hard to come by. So, searching for sales in a shrinking market, two years ago they joined forces, inking a licensing agreement that a
Debate Erupts over Nike Free-Speech Case
Bickering has broken out in the U.S. Congress over a free-speech case Nike has appealed to the nation's highest court. Oregon's five U.S. House representatives signed a letter last week urging their colleagues to dismiss a petition circulated
Nordstrom Expects Lower First Quarter Earnings
Nordstrom, Inc. announced that based on quarter-to-date sales, first quarter 2003 earnings per share are expected to be below the previously guided range of $0.23 to $0.27 per share, which compares to $0.22 per share for the same period in the prior year.
Tag-It Pacific Posts 2002 Profit on 38% Sales Gain
Tag-It Pacific, Inc. reported that for the fiscal year ended December 31, 2002, net sales increased approximately $16.5 million, or 38%, to $60.1 million, compared to $43.6 million for fiscal 2001. Earnings per share reached 14 cents per share for the ye
Dillard’s Appoints Wal-Mart Vet to Board
Dillard's, Inc. announced the appointment of Bob L. Martin to its board of directors. Mr. Martin is the former president and chief executive officer of Wal-Mart International…
Quiksilver Opens Times Square Store
Quiksilver, Inc. announced it opened the doors of its Times Square store at 3 Times Square, on the corner of 42nd Street and 7th Avenue in New York City. This latest Quiksilver Boardriders Club features 3,300 square feet of retail space with a 20-foot “w
Kmart Restructures in Advance of Chap. 11 Emergence
Kmart Corporation announced the implementation of an anticipated strategic restructuring of its corporate and headquarters operations initiative, aimed at aligning these functions with the Company's go-forward store base and preparing the organizatio
Building Share, Growing Margins…
A senior industry executive said not long ago that “nobody wants to own inventory except the consumer – and that’s sometime in doubt as well”…
It’s the Product, Stupid…
With Finish Line CEO Alan Cohen declaring that, “It’s all about the product”, the athletic specialty retailer seemed to put a positioning stake in the ground to “focus on superior product selection and presentation, instead of price”. FINL clearly expect
Like Déjà Vu All Over Again…
Skechers on Friday acknowledged that a Pennsylvania law firm has filed a class action suit against the footwear company alleging violations of the federal securities laws and breach of fiduciary duty…
