| Greg Norman Reports Double-Digit Core Golf Sales Growth For 2004
New York, NY -- Greg Norman Collection announces Core Golf sales increases of 19% with operating profits up significantly over last year as well. Additionally, in the fourth quarter, Core Golf sales were up 22%, marking the 8th consecutive quarter of double-digit sales growth for the company in the green grass segment.
Factors contributing to the growth include the success of its women's collection which grew 200% over last year and a 25% increase in Play Dry® products across all categories of its business.
"Our year end results exceeded our plan for 2004," said Suzy Biszantz, Chief Executive Officer and President. "We are very pleased with the results and are positioned well for 2005."
Additional growth came from new product offerings within our Essentials Collection including the Ottoman Mercerized Polo and the Ultimate Greg Norman Polo as well as a 12% increase in new Green Grass accounts.
Greg Norman Collection, a division of Reebok International Ltd., is a leading worldwide marketer of men's and women's sportswear, golf apparel and accessories. |