Amer Sports Divisions See Double-Digit Q1 Sales Drop
Amer Group’s consolidated net sales for the first quarter 2003 were €283.9 million ($306.6 million) versus €289.4 million in Q1 2002. The Group’s operating profit was flat at €15.3 million ($16.5 million). Geographically, sales were similar to 2002 in E
Value City Amends Q4 Earnings Overstatement
Value City Department Stores, Inc. announced Tuesday that, due to an administrative error, fourth quarter 2002 diluted earnings per share were overstated in a press release dated April 7, 2003 when the Company reported diluted earnings per share of $0.16
Oxford Industries to Acquire Tommy Bahama Parent
Oxford Industries, Inc. has signed a definitive agreement to purchase all of the outstanding capital stock of Viewpoint International, Inc., owner of the Tommy Bahama(R) brand. The transaction is valued at up to $325 million consisting of $240 million in
Acushnet to Close Plant; Announces Layoffs
Acushnet, the Fortune Brands subsidiary that makes Titleist and Pinnacle golf balls and other products, announced last week it will carry out two rounds of layoffs. The company also said it would close a factory in Acushnet, MA…
TaylorMade-adidas Golf Purchases KandM Golf
K&M Golf will relocate to TaylorMade headquarters in Carlsbad and Ma, formerly President of K&M, has joined TaylorMade as Manager of Tour Engineering and Finishing, Putters, and will work directly with Tom Olsavsky, Director of Rossa, and TaylorMade'
Von Maur Succeeding While Other Department Stores Fail
Von Maur stores rarely advertise, don't have sales and keep the aisles free of promotional clutter. On top of that, shoppers can pay for goods with an interest-free store credit card. The small, family-owned company could be considered the anti-dep
Industry Mourns Passing of Another Sales Pioneer
Donald B. Lynch, 82, a former Sporting Goods Agents Association board member and a 1989 SGAA Lifetime Sales Achievement recipient, passed away April 16, 2003 at his residence after a long illness. Lynch co-founded Lynch-Bird & Associates, covering the M
Nike Golf and Lamkin in Grip Licensing Deal
Nike Golf and Lamkin, Inc. have entered into a licensing program that will allow Lamkin to sell Nike Golf branded grips through its distribution channels in the U.S. and Japan. The arrangement is effective immediately and channel distribution is expected
Angel Martinez, Jim van Dine Join Keen Footwear
Keen Footwear has announced that Angel Martinez has joined the company as named president and Jim van Dine has signed on as National Sales Manager…
The Finish Line Promotes Two New SVP’s
The Finish Line, Inc. announced the promotion of two new senior vice presidents. Michael J. Smith, age 45, has been named Senior Vice President-Loss Prevention. Mr. Timothy R. Geis, age 42, has been named Senior Vice President- Footwear…
PUMA Q1 Net Income Doubles on 47% Sales Gain; Futures Up 50%
PUMA’s strong sales growth continued during the 2003 first quarter as consolidated sales increased by 47.4% from €232.8 million to €343.2 million ($370.7 million). On a currency-neutral basis, sales were up by 57.1%. Consolidated net income rose from €2
Deckers Q1 Earnings Double as Sales Increase 9.0%
Deckers Outdoor Corporation announced first quarter net sales increased 9% to $36.1 million versus $33.3 million in the same period last year. Net earnings for the quarter increased to $4.2 million compared to earnings before a cumulative effect of change
Johnson Outdoors Q1 Results Tempered by Wolfskin Exit
Johnson Outdoors sales decreased 15% to $83.3 million and operating profit declined 26% to $6.1 million compared with last year's second quarter that included the Jack Wolfskin business. Income from continuing operations increased 10% to $4.3 millio
K-Swiss Q1 Earnings Up 41% on 44% Sales Gain; Backlog Surges 63%
K-Swiss Inc.reported that net earnings for the first quarter of 2003 increased 41.1% to $13.6 million, or $0.72 per diluted share, compared to the prior-year period. Total worldwide revenues increased 43.7% to $115.9 million compared with $80.7 million i
Reebok Q1 Net Income Up 9% as Sales Growth Slows
Reebok International Ltd. reported net income for the first quarter ended March 31, 2003 of $41 million, or $.63 per diluted share, an earnings per share increase of 9.0% when compared to Q1 last year. Net sales for the quarter were $798 million, an incr
