Phoenix Footwear Q1 Profit Down 38% on 15% Sales Decline
Phoenix Footwear Group, Inc. announced net sales for the first quarter ended March 29, 2003 totaled $9.2 million versus $10.8 million for the first quarter of 2002. Net income for the quarter was $375,000 versus $605,000 for the year-ago quarter and earn
Spiegel to Close 60 Eddie Bauer Stores
The Spiegel Group announced its intent to close 60 under-performing Eddie Bauer stores as an integral part of a multi-phase reorganization process. These stores will remain open for business pending approval of the store- closing plan by the Bankruptcy Co
OP Signs Infant Furnishings License
Ocean Pacific Apparel Corporation announced it has formalized a licensing agreement with California-based Crown Crafts Infant Products, Inc., a leading infant furnishings and accessory veteran with 25 years in the business and established department, mass
Galyan’s Closes on New Five-Year Revolver
Galyan's Trading Company, Inc. has closed on a $250 million senior secured bank facility that will mature in April 2008. This new revolving credit facility replaces the previous $160 million revolving credit facility that was to expire on May 3, 2004
Kmart Adds General Counsel
Kmart Corporation announced that Harold W. Lueken will join the Company as Senior Vice President and General Counsel, effective May 12, 2003. Reporting to President and CEO Julian C. Day, Lueken, 41, will be responsible for the Company's Legal and H
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…
Johnson Outdoors Inc. Receives $12 Million Delivery Order on D.O.D. Tents
Johnson Outdoors Inc. was awarded a $12 million delivery order for the production and delivery of 2,000 Modular General Purpose Tent Systems (MGPTS). The company was awarded the original MGPTS contract in September 1997 and continues to build tents and ac
Coastcast May Be Latest to Go Private
Coastcast Corporation reported that the Company's board of directors voted Thursday to establish a special committee of the board to consider whether it is in the Company's best interests to remain an independent publicly-traded company, and to
Luxottica Q1 Net Income Down 35% on 20% Sales Decline
Luxottica Group S.p.A. announced consolidated net sales for the first quarter of 2003 declined 20.0% to euro 704.5 million. Assuming constant exchange rates, consolidated net sales for the quarter would have declined by 6.6%. Wholesale sales declined 15
