Genesco Q3 Net Income Up 28.4% as Sales Jump 36%
Genesco Inc. reported that net sales for the fiscal third quarter increased 36% to $288 million compared to $212 million for Q3 2004. Earnings before discontinued operations were $12.5 million, or 55 cents per diluted share, for the period compared to $9
Knight to Step Down as Nike CEO; Successor Named
Nike, Inc. has appointed William D. Perez as President, Chief Executive Officer, and Director effective December 28, 2004. Mr. Perez will succeed Nike, Inc. co-founder, Chairman and CEO Philip H. Knight, who will continue as Chairman of the Board. Mr. Pe
Gander Mountain Q3 Net Halved on Weaker Comps
Gander Mountain Company reported that total sales for the fiscal third quarter ended October 30 increased 24.4%, or $34.9 million, to $178.1 million. Comparable store sales decreased 7.5% after a 12.5% increase in the third quarter of fiscal 2003. The com
Globe Appoints New VP of Global Marketing
Globe has appointed Michael Marckx to Vice President of Global Marketing. Marckx will oversee the marketing and direction of the Globe and Gallaz brands. Marckx’s appointment is effective immediately. Marckx has over 18 years of experience in all facets o
Accell Boosts Earnings Outlook; Proposes Stock Split
Accell Group N.V. is adjusting its profit forecast upwards. For the full year 2004 the company now expects an increase of earnings per share by at least 30% compared to 2003. The principal reasons underlying this adjustment are solid sales of bicycles, bi
Level Gloves Launches U.S. Company
Level Gloves has established a US based company, Level USA Inc, in Stowe, Vermont. The company was formed in July, 2004. Level is based in Sondrio, Italy, just minutes from the world famous resort of Bormio, sight of the 2005 World Alpine Ski Championship
Brown Shoe Q3 Net Income Falls 11.3%; Cuts Forecast
Brown Shoe Company consolidated net sales for the quarter increased 4.3% to $514.8 million versus $493.4 million for the year-ago quarter. Net earnings declined 11.3% to $18.8 million, or $1.01 per diluted share, from $21.2 million, or $1.13 million per
Quiksilver Boosts Q4 Sales and Earnings Outlook
Quiksilver, Inc. now expects fourth quarter fiscal 2004 revenue to range between $345 million and $348 million, an increase of 28% to 29% compared to $269 million for the fourth quarter of fiscal 2003. The Company also stated that it expects diluted earni
Redfeather Launches Charitable Donation Program
Redfeather announced its charitable involvement in several
community organizations outdoor programs to endorse active lifestyles and snowshoeing as a sport. With 28% sales growth from last year and increased awareness of
snowshoeing as a sport throughout
Scott USA Hires Price as Product Manager
Scott USA has hired Daryl Price to coordinate products for its U.S. bicycle group. Price brings more than 20 years of experience to SCOTT USA, 10 of those as a professional mountain bike racer, with victories in both World Cup and NORBA National Champion
Sears and Kmart to Merge; Now Nation’s Third Largest Retailer
Kmart Holding Corporation and Sears, Roebuck and Co. announced Wednesday they have signed a definitive merger agreement that will combine Sears and Kmart into a major new retail company named Sears Holdings Corporation. Sears Holdings will be the nation&#
Shoe Carnival Q3 Net Down 10.3% as Comps Inch Up 0.4%
Shoe Carnival, Inc. announced net earnings for the third quarter ended October 30 declined 10.3% to $4.9 million from $5.5 million in Q3 last year. Diluted earnings per share were 38 cents per share compared with 42 cents per share in last year's thi
Wolverine Files Patent Suit Against Harbor Footwear and Kohl’s
In a move to protect the proprietary technology and design of its Merrell(R) footwear brand, Wolverine World Wide, Inc. has filed a patent infringement suit against Harbor Footwear Group and Kohl's, Inc. The federal lawsuit alleges that New York-base
Wallenfels Takes the Reins at Mountain Hardwear
Mountain Hardwear announced that beginning January 1, 2005, Mike Wallenfels will transition to President of Mountain Hardwear. Wallenfels will succeed Jack Gilbert, who has served as President from the Company’s founding in 1993. Gilbert will step down f
Jim Stanley Joins SMS
SMS Clothing has announced the appointment of Jim Stanley as their new sales rep covering the mid-west: MN, WI, IL, ND, SD, MO, IA, KS, NB, and upper MI. Stanley joins this emerging outwear company with five years experience as a rep in the sporting goods
