Hey Bob Bell!
We rush each day to report on the events of the industry that may make a difference to people working in the trade. But when a story hits so close to home it is difficult to report it as news, as something sensational, something to be sold. That is the
180s Appoints New CFO
180s, maker of innovative performance wear, has appointed Ted Galovan as Chief Financial Officer. Prior to joining 180s, Galovan was the Chief Financial Officer and Senior Vice-President of Business-Development for EAS, Inc…
The New Sports Authority Looks More Like the Old Gart…
Shares of The Sports Authority hit a new 52-week high last week as the new team of the recently merged entity laid out a bit of its vision for the only national sporting goods chain. Doug Morton, the CEO and vice chairman of the new company, was clearly
TAF Frees Up Cash in Bond Deal…
The Athlete’s Foot has been able to do something that few, if any, retailers have been able to do — capitalize financially on its brand name. The retailer and global franchisor of athletic specialty stores last week announced a securitization transactio
Kmart Narrows Loss; Comps Still Down…
Kmart reported a much smaller loss in the 2003 fiscal second quarter, but sales were still stuck in the doldrums as the discount retailer fights to re-build consumer traffic and sales after its emergence from Chapter 11 bankruptcy protection…
Forzani Sees Big Upside in Close-outs…
Meanwhile, north of the border, Canada’s largest sporting goods retailer and franchisor saw the western provinces drag down sales results in the fiscal second quarter, with British Columbia and Alberta comping down “slightly over 5%” for the quarter compa
Billabong Rides Surfer Girl Wave…
Billabong released year-end financials and it looks like a strong year for the Aussie Surf-wear manufacturer with sales in America and Europe leading the way…
adidas Issues Bonds for Balls……
Published reports last week had adidas-Salomon making a $135 million cash bid for Top-Flite Golf Company, topping the $125 million offer made by the appointed stalking horse, Callaway Golf Company. The bids are part of the 363 asset sale required in Top-F
Positive Industry Trend Continues, But Slows…
Vendors and manufacturers in the industry kept the positive trend moving ahead in the 2003 second quarter, but saw sales growth and profit growth slow a bit from the first quarter results. Much of the slower growth can be attributed to the pull-back seen
Retail Execs See Brighter Days Ahead…
The planets seem to be aligned for retailers right now if the latest Retail Sector Performance Index is any indication. The latest Executive Opinion Survey conducted by National Retail Federation (NRF) and the Bank of Tokyo Mitsubishi Ltd. (BTM) shows th
adidas’ McCool Takes One for the Team…
Tim McCool, director of apparel sales for adidas America, has agreed to plead guilty to a conspiracy charge involving Just for Feet. The U.S. Attorney's Office in Birmingham, AL confirmed that McCool had been charged with conspiracy to submit false s
Vaccaro Tires of the No Cash Routine…
SPORTS EXECUTIVE WEEKLY has confirmed that Sonny Vaccaro, adidas’ director of basketball, has resigned from the company. The move furthers impacts the floundering adidas basketball program that has lost quite a bit of share to resurgent Reebok and
NRF: Back-to-School Helps Fuel Retail Comeback
A strong back-to-school season and solid sales gains continue to fuel optimism in August as retailers begin looking ahead to the fourth quarter. According to the latest NRF-BTM Executive Opinion Survey, a monthly index by the National Retail Federation
Bowers Takes On More Duties at Oakley
Oakley today announced that Scott Bowers, Vice President of Sports Marketing, will take over additional marketing responsibilities for the Oakley brand. In his new role Mr. Bowers will be responsible for overseeing all aspects of Oakley's marketing p
Saucony Taps Carleo as New Marketing Head
Saucony announced the appointment of Tom Carleo
to the position of Vice President of Marketing for Saucony. In his new position, Carleo will
oversee product marketing direction for all categories of footwear, as well as establishing strategic brand direct
