Head Takes Sales Benefit from Reporting Currency, But Q2 Loss Widens
Head N.V. announced net sales for the second quarter ended June 30, 2003 increased 8.7% to $ 79.2 million while the net loss per share was flat at 25 cents for the quarter. The operating loss for Q2 increased from $3.2 million to $9.1 million.
Coastcast Continues Decline; Cites Chinese Competition
Coastcast Corporation reported net sales were $13,133,000 for the second quarter of 2003 vs. $19,945,000. For the six months ended June 30, 2003 as compared to the same period in 2002, sales were $23,864,000 vs. $41,901,000. The company expects to report
Fox River Mills Taps Results Sales And Marketing
Fox River Mills has named a new sales representative group for upstate New York and western Pennsylvania.
Results Sales and Marketing, whose principal representatives include Kirk Miller and Jim Moore, will represent Fox River in those regions.
Oakley Establishes Annual Dividend Policy
Oakley, Inc. announced that its Board of Directors had initiated an annual dividend policy and declared the Company's initial regular annual cash dividend of $0.14 per share, payable October 31, 2003, to shareholders of record at the close of busines
Former Cutter and Buck Execs Charged with Fraud as Company Settles Probe…
Cutter & Buck has finalized its previously announced agreement with the Securities and Exchange Commission, resolving the SEC's investigation of the company. CBUK will not have to pay any fines or monetary penalties, but agreed to comply with the f
Top-Flite Can Use Cash for Lawyers…
Top-Flite Golf Co. received bankruptcy court permission last week to use cash that is collateral for secured debt to fund its Chapter 11 restructuring. The company’s unsecured creditors has challenged the company’s move to use the collateral, contending
Amer Group Gets Hurt by Weaker Golf Sales, Exchange Rates, and Asia Woes …
There are times when it just doesn’t pay to be a division of a corporation in another country, and that may just be the case this last quarter as the Amer Group PLC reported results that were negatively affected by the weaker dollar and a much stronger Eu
Clash of the Titans… The Ongoing Saga Continues…
The speculation of Nike and Foot Locker getting back together may seem logical based on the hit both companies have taken in their respective sales numbers of late, but in its recently filed 10-K report for fiscal 2003 Nike gave no hint that it sees the r
As Nike Inks Another U.K. Soccer Deal…
In other news from Nike, the company has extended its partnership with another major soccer icon as it inked a long-term apparel manufacturing deal with London soccer club Arsenal. The seven-year deal, reportedly worth £55 million ($88.5 million), will r
Marmot Mountain Ltd. Made two big announcements…
Marmot Mountain Ltd. made two big announcements the week before the OR show. First they were awarded the 2003 American Mountain Guides Association Industry award. Tom Fritz, Marmot VP of Marketing, will accept the award from Mike Alkaitis, Executive direc
Specialty Quick Hits
There’s more good news for snow sports; Bogner and Phenix are teaming up; After failing to get EPA approval on its BugAway Ex Officio and Orvis Filanny Get It Right…; Crank Brothers beefs up its U.S., European, and Canadian Distribution; Transcend re-la
Outdoor Industry Vets Found New Sourcing Company
Two prominent veterans in the outdoor and active apparel industry, Jim Heiden and Mike Costa, announced today that they have joined forces to launch InterSource LLC, an international sourcing company specializing in knits and woven apparel…
Speedo Parent Continues Climb Back in Q2
The Warnaco Group, Inc. announced second quarter pro forma
net revenues were $335.8 million, net income was $0.2 million and earnings per share was $0.00, compared to prior year's net revenues of $381.8 million, net income of $14.0 million and earni
Grivel Receives ISO 14001 Environmental Certification
Grivel has obtained ISO 14001 certification by the International Organization of Standardization. The certification acknowledges Grivel as a business in compliance with internationally established environmental regulations, and is valid for the 'desi
Shoe Pavilion Posts Q2 Loss on Lower Comps
Shoe Pavilion, Inc. announced a net loss of $231,000 or (3 cents) per share, for the second quarter ended June 28, 2003 compared to net income of $528,000 or 8 cents per share, for the second quarter of 2002. Net sales decreased 6.9% to $21.2 million for
