Be One Announces New German Strategy
After the separation from the German company Faggin, Dutch Accell Group Brand, Be One Bikes, will enter the German market direct…
K-Swiss Doubles Q2 Net Income on 50% Sales Gain; Futures Up Over 80%
K-Swiss Inc. saw net earnings for the second quarter of 2003 increase 108.0% to $12.6 million, or $0.67 per diluted share, compared with $6.0 million, or $0.30 per diluted share, in the prior-year period. Total worldwide revenues increased 49.4% to $111.
The Bon-Ton Proposes Elder-Beerman Merger
The Bon-Ton Stores, Inc. on Tuesday announced that it had submitted a proposal to the board of directors of The Elder-Beerman Stores Corp. that provides for a combination of the two companies in which all Elder-Beerman shareholders would receive $7.00 per
Saucony Q2 Net Income Jumps 44% as Sales Slip
Saucony announced net income for the second quarter increased 44% to $2.2 million while net sales decreased 5.5% to $34.5 million. Domestic net sales decreased 7% to $27.2 million. The net income jump was primarily driven by a 500 basis points increase
Reebok Puts Its Stamp on the Specialty Market…
The award for analyst bad timing has to go to Merrill Lynch who last week downgraded shares of Reebok from BUY to NEUTRAL, citing “the possibility of increased inventory and a growing risk from its increased presence at Foot Locker” as reported by Dow Jon
Sportsman’s Guide Doubles Q2 Profits on 9% Sales Gain
The Sportsman's Guide, Inc. sales for the second quarter were $38.0 million, an increase over the $34.8 million reported for the same period one year ago. The Company reported net earnings of $646,000, and earnings of $0.12 per fully diluted share f
Skechers Is Up in All the Wrong Places…
Shares of Britney’s favorite brand plunged 21.4% to close at $6.74 on Friday after the fashion footwear company reported sharp declines in sales in the second quarter and a loss of over $2 million compared to profits of over $21 million in the year-ago p
Luxottica Q2 Retail Comp Stores Sales Off 3.7%
Luxottica Group saw consolidated net sales for the second quarter decline 19.6%, or down 5.2% currency neutral, to €707.0 ($804.0) million verus the year-ago quarter. Consolidated net income for the quarter was €67.7 ($76.99) million and consolidated net
The K2 Model Starts to Bear Fruit as the Company Leverages Production Assets…
The move to acquire and consolidate Rawlings has had its share of skeptics, and the appeal to retailers for an aggregated brand platform has been a question mark, but the folks at K2 Inc. appear to have assembled a nice formula and a strong team for futur
Ross Ups Burlington Bid in Sale Process
Burlington Industries, Inc. announced that the purchase price in its July 25th acquisition agreement with W.L. Ross & Co. LLC had been increased from $608 million to $620.08 million, both subject to various adjustments. The increase resulted from the sale
Rollerblade CEO Sees Upside in Tecnica Acquisition, Market Stabilization…
Tecnica would an obvious challenger to K2 Inc.’s mission to become the world’s largest sporting goods brand as they have proven their own ability to capture and consolidate brands that would now seem to give them a slot as one of the top three hardlines c
Callaway Holds On To Lead in Top-Flite Pursuit, But Loses Some Advantage…
The U.S. Bankruptcy Court in Delaware on Wednesday established a process and a timetable for the sale of substantially all the assets of The Top-Flite Golf Company, approving Callaway Golf's initial bid of $125 million to be the “stalking horse” bid
ITF Responds to Old Pros’ Demands…
Francesco Ricci Bitti, president of the International Tennis Federation, responded to a letter circulated at Wimbledon by John Barrett and John McEnroe. The original letter (SEW 0328) claimed that the new school of tennis was becoming “unbalanced and one
Coleman and Fleetwood in License Row…
One report after another came over the newswire concerning Coleman and Fleetwood’s folding R.V. trailer licensing deal. First, Coleman announced they would be terminating their licensing agreement with Fleetwood on May 12th 2003. Next, Fleetwood filed s
Columbia’s Taps Footwear for Q2 Gains…
Columbia Sportswear saw U.S. sales grow just 4.1% in the second quarter, but strength in the footwear category and surging International sales are indicators of an improving overall business that should see the company level out its business across the ca
