Author: James Hartford

Footstar, Inc. has entered into an agreement for the sale of its 27 Shoe Zone stores in Puerto Rico to Novus, Inc. for $5.5 million in cash, subject to closing adjustments and conditions including approval of the Bankruptcy Court. The agreement continues

Dick's Sporting Goods, Inc. reported net income for the first quarter ended May 1, 2004 increased 64% to $10.9 million and earnings per share increased 50% to 21 cents per diluted share as compared to net income of $6.7 million and earnings per share

lucy activewear, inc. has appointed Michael J. Edwards as president and CEO. Edwards will also join the company's board of directors and will assume his responsibilities on June 14, 2004. Edwards succeeds founder Sue Levin, who will continue to serve

The TJX Companies, Inc. reported that first quarter sales at Bob's Stores were $61.4 million and posteds operating earnings of $1.25 million at the 31-door unut acquired last last year after a hard bidding process with Dick's SG and their partne

Perry Ellis International has entered into a license agreement with CBK/Knothe Apparel Group for the manufacture and domestic distribution of Pro Player® performance underwear. The underwear will be constructed from breathable microfibers and include tech

Retail sales of sporting goods, which reached $45.8 billion in 2003, are expected to grow 2% in 2004, according to the National Sporting Goods Association (NSGA). For 2004, sales of athletic and sports equipment, shoes and clothing are forecast to reach $

GSI Commerce Inc. has named Robert Blyskal to the newly created position of co-president and chief operating officer. Blyskal will report to Michael Rubin, chairman, CEO, and co-president of GSI Commerce. With the division of the president functions, GSI

Urban Outfitters, Inc. announced first quarter earnings of $16.9 million, or 41 cents per diluted share, for the three months ended April 30, 2004, a 164% increase over the comparable quarter last year. Net sales for Q1 increased by 59% to a record $170.

Columbia Sportswear Company has signed a distribution agreement with Portland Norge AS to distribute Columbia and Sorel products in Norway and Iceland, commencing with the Spring 2005 product line. Portland Norge will also own and operate two Columbia Sp

The Buckle, Inc. reported net income for the first quarter ended May 1 increased 98% to $5.9 million, or 27 cents per diluted share, compared with $3.0 million, or 14 per diluted share, for the first quarter of 2003. Net sales for the first quarter incre

Coastcast Corporation announced Wednesday that it intends to cease operations. Hans Buehler, chairman and CEO, said that the board of directors determined that it was in the best interests of the company to wind up business operations. He said a “very re

Nike, Inc. announced today it will open a new and larger Nike retail store at the PDX airport. The store, with almost 1,450 square feet of retail space, is scheduled to open in July 2004. The current Portland airport store, which is 828 square feet, will

Broder Bros. Co. announced that pro forma net sales for the first quarter 2004 increased 6.3% to $176.8 million compared to pro forma net sales of $166.4 million for the first quarter 2003. The Q1 2004 loss from operations of $800,000 was flat to the fir