FOGDOG TAPS PARKS, MULLS GLOBAL GROWTH
NEW YORK — Activewear and sporting-goods e-tailer Fogdog Sports has chosen insider Ralph Parks as its new board chairman and is reevaluating its international expansion plans.
The Parks appointment became effective on May 24. Parks, a board member of the company since September 1999, is a former president and chief executive officer of Footaction USA.
He succeeds Brett Allsop, a Fogdog founder, as chairman. Allsop had been based in London for the past year as president of Fogdog International.
Fred Gibbons, a private investor in Fogdog, has also resigned from the e-tailer’s board. Tim Harrington, Fogdog’s ceo, said in a statement, “With our decision to reevaluate our international efforts until market conditions improve, Brett has decided to move on to new challenges. We wish him success in his future endeavors.
“We are also grateful to Fred Gibbons for his assistance on our board,” Harrington continued. “His departure is consistent with our plan to transition the board from venture capitalists and private investors to long-term strategic advisers.”
Harrington added, “Ralph Parks’ extensive retail experience and management background will add a new dimension to the leadership role on our board.”
As noted, Fogdog reported a $14.7 million loss for the first quarter ended March 31, versus a loss of $2.5 million a year earlier. Excluding non-cash charges in both periods, the losses came to $9.8 million for the most recent quarter and $2.2 million in the year-ago period.
First-quarter sales of the site, at fogdog.com, rocketed to $4.7 million from $353,000 last year.