Tachikara Renews Longtime Partnership with the NAIA
Continuing a 24-year relationship, Tachikara USA, Inc., has extended its status as The Official Volleyball Supplier of the NAIA under terms of a new five-year agreement effective until December, 2007…
Burlington Industries Contender Tries Block on Buffett
The battle is on for control of Burlington Industries Inc., as a rival investor said Wednesday he has enough support to block Burlington's proposed sale to investment guru Warren Buffett…
Vail Resorts, Inc. Reveals SEC Probe
Vail Resorts, Inc. announced that the Securities and Exchange Commission (“SEC”) has informed the Company that the SEC has issued a formal order of investigation with respect to the Company…
Former TNF Execs Settle SEC Fraud Allegations
Securities and Exchange Commission regulators said three former executives of outdoor apparel manufacturer North Face Inc have agreed to settle charges of accounting fraud related to allegations they inflated financial results…
Timberland Promotes Steere to Run Outdoor Performance
Jay Steere has been promoted to the position of global category director, outdoor performance at The Timberland Company. He reports directly to Marc Schneider, senior vice president, global product management…
Yue Yuen To Invest $160 Million In Expansion Drive
Yue Yuen Industrial Holdings Ltd, the world's largest shoe firm, on Tuesday said it has set aside between $150 million and $160 million to increase production lines and boost its materials business…
Russell Corp Shows Dramatic Turnaround in 2002
Russell Corporation announced net sales for 2002 increased $3.4 million, or 0.3%, to $1.164 billion versus $1.161 billion in fiscal 2001. Excluding sales from businesses that were acquired or discontinued, 2002 net sales on an ongoing basis increased 2%
Benjamin Russell Will Retire From Russell Board
Russell Corporation announced that Benjamin Russell will retire as a member of its Board of Directors at the company's annual meeting in April 2003. Russell, 65, has been a member of the board since 1963…
Warren Buffett Wins Bidding for Burlington
Burlington Industries, Inc. and Berkshire Hathaway, Inc. announced Tuesday that they have executed a definitive agreement for Berkshire Hathaway to acquire Burlington Industries. Following emergence from Chapter 11, Burlington will operate as a wholly o
Federated Re-Aligns Consumer Direct Businesses
Federated Department Stores, Inc. announced that its Bloomingdale's By Mail catalog and the macys.com e-commerce businesses are being realigned to operate under their respective namesake divisions…
Collegiate Pacific Q2 Loss Narrows on 23% Sales Increase
Collegiate Pacific reported fiscal Q2 sales increased 23% to $3.5 million and the net loss for the quarter narrowed slightly to -$231,061…
Huffy Narrows 2002 Loss on 13% Sales Increase
Huffy Corporation announced earnings from continuing operations, for the year ended December 31, 2002, were $4.6 million or $0.38 per common share compared to a loss from continuing operations of $8.4 million or $0.82 per common share for the prior year.
ShopKo Promotes Wurl to SVP/GMM Hardlines
ShopKo Stores, Inc. announced the promotion of Doug Wurl to senior vice president/general merchandise manager – hardlines and home for the company's ShopKo division…
The North Face Helps Offset Daypack Woes at VF Corp.
VF Corporation reported sales in the company's Outdoor businesses rose 17% in the fourth quarter and 3% in 2002. An increase of 22% in first quality sales of The North Face brand products and an 11% increase in international Outdoor sales in 2002 wer
Brass Eagle 2002 Net Income Surges 149% on 14% Revenue Rise
Brass Eagle Inc. reported net sales for the fiscal year ended December 31, 2002 increased 14.1% to $104.9 million versus $91.9 million for the same period last year. Net income increased 149% to $9.7 million, or $1.30 per diluted share, compared to $3.9
