Pacific Sunwear Completes Stock Buy-Back
Pacific Sunwear of California repurchased an aggregate of 2,223,700 shares of Pacific Sunwear common stock in the first quarter at an average price of $22.483, for approximately $50.0 million. These repurchases complete the authorization made by the compa
LaCrosse Sees Q1 Upside from Production Outsourcing…
LaCrosse Footwear posted a 19.4% jump in first quarter 2004 sales, recording $23.7 million in revenue for the period compared to $19.9 million for the first quarter of 2003. Sales of Lacrosse brands increased to the retail channel in the quarter and Dann
Pacific Sunwear Q1 Net Income Jumps 88%; Raises Guidance
Pacific Sunwear of California Inc. reported that net income for the first quarter ended May 1, 2004 increased 88% to $15.0 million, or 19 cents per diluted share, compared to $8.0 million, or 10 cents per diluted share, for the first quarter of fiscal 200
Garmin’s Q1 Margins Hurt by Chip Costs…
Garmin's revenue for first quarter of the year increased 28% to $158.3 million from $123.8 million in the year-ago quarter. Gross margins fell 950 bps to 50.8% for the 2004 first quarter compared to 60.3% last year. SG&A expenses were reduced 40 ba
New Era Rolls Out Exclusive Hatworld/Lids Program
New Era Cap Co. announced the rollout of its exclusive national partnership with HATWORLD/LIDS for the year-long 59FIFTYat50 campaign. The partnership between New Era and HATWORLD/LIDS represents exclusive product launch opportunities during the 59FIFTYa
Sea to Summit Triples Sales…
Sea to Summit more than tripled its sales in the first quarter of 2004 with 218% growth, thanks to an expanded product line and its new sales force (see BOSS_0410). Seven years ago the company launched its U.S. line with an assortment of travel liners, an
Michael Jordan Kicks off China Tour
According to a release from Nike's Jordan brand, Michael Jordan will make a “rare trip” overseas on a four city tour of Asia where he will “inspire youth and fans by reinforcing the importance of excellence in every endeavor”. Making stops in Beijing
Bite Sees the Market Swinging Up…
Bite footwear has been posting some strong results, with a 20% increase in sales for the month of April – the company’s highest U.S. sales in a single month to date. March also showed the strongest Canadian sales numbers Bite has ever seen as well…
Apparel a Bright Spot for adidas-Salomon…
adidas-Salomon saw a sizable gain in its gross margin overshadow sales declines across most regions and brand groups to help the company post a 41% increase in net income for the first quarter of 2004. The company pointed to the impact of foreign currency
Johnson Outdoors Strengthens Marine Equipment Group with Acquisition…
Johnson Outdoors is reinforcing its already strong motors division, now labeled the Marine Electronics division, with the acquisition of Techsonic Industries. The acquisition adds the popular Humminbird brand to Johnson Outdoors' marine electronics
Reebok First FLA Accredited Company…
The board of directors at the Fair Labor Association have named Reebok as the first FLA company to have a program accredited. Reebok’s footwear factories underwent an extensive review process which examined the company’s independent factory monitoring pr
Guru Apologizes to Cervelo…
Last August Cervélo filed suit against Guru Cycles because of an e-mail correspondence between an unnamed customer and a member of the Guru sales team. Apparently, the Guru employee misrepresented some facts about Cervélo with regards to quality and weig
FX Rate Both Curse and Benefit to THC…
Despite a solid sales increase and gains in the gross margin line, The Hockey Company swung to a loss in the first quarter, due primarily to extraordinary expenses and foreign exchange losses on long-term debt…
Germany’s First IPO Since Recession is a Bike Company…
Mitteldeutsche Fahrradwerke, a German bicycle manufacturer plans to launch the country’s first IPO in two years. The company plans to raise €14 million and will be listed on the Frankfurt Stock Exchange…
Schutt Sports Back on Base with the SEC
Schutt Sports, the Official Base Supplier of Major League Baseball, is partnering with the Southeastern Conference for their 2004 baseball and softball tournaments. Now in its sixth year of involvement with the SEC, Schutt supplies on-field products for
