With a full quarter of Timberland results and continued momentum in the Outdoor & Action Sports Coalition, VF reported record net income of $257,318,000, a gain of 365% compared to last year’s $54,309,000 for the final quarter ended Dec. 31 as revenues expanded 37% to $2,879,431,000 from $2,104,415,000.

Net income rose 5% to $109,863,000 from $103,513,000 in the fourth quarter ended Dec. 31. Final period revenues improved 5% to $983,745,000 from 934,411,000.

The complaint, filed earlier this month by Converse, alleges defendant Modcloth, a Pittsburgh company with a Web business, infringed on the Chuck Taylor All Star trade dress and the brand’s “star in circle” logo with its offerings on its website.

The parent of the Black Diamond and Gregory Mountain Products brands, which only has 57 shareholders currently with Executive Chairman Warren Kanders controlling 29% of the company, intends to sell 7.75 million shares priced at $7.50 per for gross proceeds of approximately $58.1 million.

A new report from the National Retail Foundation and KPMG LLP, Retail Horizons: Benchmarks for 2011, Forecasts for 2012, suggests U.S. retailers will be focused on building up and out many of their operations this year as they attempt to establish a new sense of brand loyalty with their respective customers.

Perry Ellis has added a fifth brand to its portfolio of golf apparel brands by acquiring the global intellectual rights to the Ben Hogan brand for apparel and accessories, including South Korea and Japan, from Callaway Golf Co.

Monthly declines in import cargo volume in Jan. and Feb. are projected to rebound and show monthly increases for the remainder of the first half, according to the Global Port Tracker.

Net income was $273,312 against $3,038,511, including a one-time charge of $3.7 million related to termination of a pension plan, for the period ended Dec. 31.