Columbia Acquires Mountain Hardwear
Columbia Sportswear Company has entered into a definitive merger agreement to acquire Mountain Hardwear Inc. for aggregate consideration of approximately $36 million, including approximately $30 million in cash and $6 million of debt assumption. The merg
Sneaker Thieves Make Tracks with 3,000 Pairs of Nike Air Jordans
Thieves have made off with nearly 3,000 pairs of Nike's latest Air Jordan shoes set to show up in Midwest stores later this month. The retail value of the heist: nearly half a million dollars. A tip led police to a trailer full of the $175 sneaker
Foot Locker Grows 2002 Profits 46% on Flat Comps
Foot Locker, Inc. reported sales for the full year 2002 increased 4.3% to $4.5 billion as compared with sales from adjusted operations of $4.325 billion last year. Comparable-store sales inched up 0.1%. Income from continuing operations for 2002 increas
Vail Resorts Fiscal Q2 Net Income Sinks as Revenue Surges
Vail Resorts, Inc. announced Mountain revenue for the second quarter of fiscal 2003 ended January 31, 2003 was $189.2 million, a 29.6% increase from $146.0 million for the comparable period last year. Lodging revenue for the second quarter increased $2.5
Nike and Hurley Matching Up Nicely
Nike and Hurley International stunned the action-sports industry last year when the athletic shoe giant bought the relatively small but well-regarded Costa Mesa surf and skateboard clothing company. Skeptics feared the worst…
Hibbett Fiscal Year Net Income Jumps 27.5% on 3.9% Comp Gain
Hibbett Sporting Goods, Inc. reported net sales for fiscal year 2003 ended February 1, 2003 increased 15.8% to $279.2 million. Comparable store sales increased 3.9% in fiscal 2003. Net income for the year increased 27.5% to $14.7 million compared with $1
Better Ski Conditions Help American Skiing Co. Narrow Fiscal Q2 Loss
American Skiing Company reported the net loss for the second quarter of fiscal 2003 was $16.7 million, or $0.53 per basic and diluted share, compared with a net loss of $43.7 million, or $1.38 per basic and diluted share for the second fiscal quarter of
Sports Authority Rides Tax Benefit to Surging Q4 Profits as Comps Dip 4.7%
The Sports Authority, Inc. reported that for the fourth quarter ended February 1, 2003, net income amounted to $52.9 million or $1.56 per diluted share versus $15.6 million or $0.47 per diluted share for the comparable period last year. Sales for the fou
Rocky Shoes and Boots, Inc. Director Resigns
Rocky Shoes & Boots, Inc. announced the resignation of Stanley I. Kravetz, a Director of the Company, effective immediately. Mr. Kravetz served on the Board of Directors since the Company's initial public offering in February 1993…
adidas and Louisville Sign Sports Marketing Deal
adidas America and the University of Louisville have reached a multi-year sports marketing partnership. This multi-year sports marketing partnership is an extension of the previous agreement that began in 1998. Terms of the agreement were not disclosed…
Wolverine Signs New Sock License Deal
Wolverine World Wide, Inc. has entered into a new licensing agreement with Iris Hosiery, Inc. of Montreal, Canada, to market Wolverine brand socks in North America…
Nike Golf Promotes Zimmerman to CEO
Nike, Inc., announced the appointment of Chris Zimmerman as chief executive officer of Bauer Nike Hockey, Inc., effective April 1, 2003. Zimmerman joins Bauer Nike Hockey after eight years with Nike, including the past four years with Nike Golf…
adidas-Salomon Sales Surpass $6.5 Billion Mark in 2002
adidas-Salomon 2002 fourth quarter net sales grew 8% to €1.5 billion vs. €1.4 billion in Q4 2001. On a currency-neutral basis, sales increased 17%. Net income improved 21% to €29 million, or €0.64 per share.
Consolidated net sales for full year 2002 g
Jantzen Drives Q4 Perry Ellis Growth; Earnings Almost Triple
Perry Ellis International, Inc. reported net income of $2.8 million for the fourth quarter 2002, a 194% increase over Q4 2001. Net sales for the fourth quarter, driven by strong shipments from the Company's Jantzen swimwear business, increased 51.3%
Quiksilver Signs China Joint Venture Deal
Quiksilver, Inc. announced that it has entered into a joint venture with Glorious Sun Enterprises, Ltd. for the opening of retail stores and wholesale distribution of its products in China…
