Nike Wins the Summer Hoops Trifecta…
Nike Inc. won the trifecta this week, with the addition of Kobe Bryant to its player roster. Nike declined to disclose terms of the deal, but estimates put it at roughly $45 million…
Fila’s Peveto Hits the Ground Running…
In an exclusive interview with SPORTS EXECUTIVE WEEKLY, Fila’s newly appointed SVP of Global Footwear, Mikal Peveto laid out his vision and objectives for the latest incarnation of the brand…
U.S. Forces in Iraq Look to Camelbak…
Dealing with temperatures that regularly reach the triple digits is no easy task, especially with 50 pounds of body armor trapping all of the heat…
The “Bible of Baseball” Falls Hard…
The 117 year-old weekly sports magazine, The Sporting News, is being forced into a budget crunch. Nearly 20% of their editorial staff has been laid off and sources say the personnel situation was already tight. The move is part of an effort to cut back
Consumer Confidence Holding Steady…
In spite of market predictions to the contrary, consumer confidence held its ground for the month of June. The confidence index, which is based on both present and future sentiment, sent mixed signals to investors with a rise in future expectations and a
Don’t You Just Love Summer Weddings…
Looks like The Sports Authority and Gart Sports will tie the knot shortly after the preacher asks the shareholder congregation of both companies if anyone knows of any reason why the two may not wed. Barring a last minute run up the aisle by a jilted sui
Johnson Outdoors to Replace Head of Diving Unit
Johnson Outdoors Inc. is conducting a worldwide search for a new head for the company's Global Diving business based in France, following the departure of Mr. Mamdouh Ashour from the company. The unit manufactures and markets diving equipment and in
Nike Breaks $10 Billion Barrier in Fiscal Year; Profits Up 13%
NIKE, Inc. reported Q4 revenues increased 11% to $3.0 bn, versus $2.7 bn for the same period last year. Fourth quarter net income jumped 18.1% to $246.2 million, or $0.92 per diluted share, compared to Q4 2002. Full year revenues increased 8.0% to $10.7
West Marine Warns On Q2 Earnings; Reaffirms on Q3, Q4
West Marine, Inc. announced Thursday that sales for the second quarter would be approximately $232 million to $233 million. Comparable stores sales for the quarter are estimated to decrease by approximately 4.5% to 4.7%. WMAR now expects to earn between
Nike Issues Statement on High Court Ruling
The U.S. Supreme Court today dismissed on technical grounds a case in which Nike was seeking to reaffirm the First Amendment right to free and open debate. Nike had challenged in the High Court a California state court ruling that adopted a legal standa
Elder-Beerman Acquired by Investment Group
The Elder-Beerman Stores Corp. announced Thursday that it has entered into a definitive merger agreement providing for the sale of the company to Wright Holdings, Inc., a company formed by Goldner Hawn Johnson & Morrison Incorporated. The merger agreement
Next, Inc. to Acquire Kid’s Licensed Products Company
Next Inc. has announced an agreement to acquire the business of Lil Fan and affiliates, a privately held sales and marketing company located in Noblesville, Indiana. NEXT anticipates that Lil Fan will generate revenue of approximately $5 million for the
Kmart Sourcing Chief Resigns
Kmart Holding Corporation announced Tuesday that William D. Underwood, Executive Vice President, Sourcing and Global Operations, resigned from the Company, effective immediately…
REI to Offer Store Pick-up for Online Orders
Recreational Equipment, Inc. has launched its first REI Store Pickup service for online orders. Customers placing orders through REI.com or REI-OUTLET.com now have the
option of picking them up at any REI store free of shipping charges…
Nike Wins the Basketball Summer Trifecta…
Nike Inc. won the trifecta this week, with the addition of Kobe Bryant to its player roster. Nike declined to disclose terms of the deal, but estimates put it at roughly $45 million. Bryant last year paid $8 million to get out of his six-year contract w
