The Stride Rite Corporation reported sales for the first quarter of fiscal 2004 decreased 11% to $136.1 million from $152.3 million in the comparable period of fiscal 2003. Net income for the first quarter totaled $7.5 million or $.19 per diluted share, a
Author: James Hartford
Broder Bros. 2003 Net Loss Widens on Restrucuring Charges
Broder Bros. Co. reported that net sales for the fiscal year 2003 were $487.8 million compared to $429.7 million for fiscal year 2002. The loss from operations for fiscal year 2003 was $6.0 million, compared to income from operations of $9.8 million in f
Footstar to Sell Off Footaction Unit; Cites Lack of Nike Support
Footstar, Inc. has announced that it is moving forward with an accelerated process to sell its remaining athletic footwear operations to focus its full attention and resources on its core Meldisco business. The company also said that its decision to purs
Finish Line Q4 Net Income Up 37%; Raises 2005 Guidance
The Finish Line, Inc. reported that net sales increased 30% to $305.3 million for the fiscal 2004 fourth quarter compared to $234.4 million reported for the year-ago period. Comparable store net sales increased 19% for Q4 on top of a 10% increase reported
West Marine Raises Q1 Guidance on Strong March Sales
West Marine, Inc. CEO John Edmondson said that March sales have been very strong, prompting the company to raise its estimate for comparable store sales for March to reflect a an increase of 9% to 14% and a fiscal first quarter increase of 11% to 14%, up
NRF: Easter Spending on the Rise
Easter is officially on its way and consumers are ready to spend more than last year, according to the NRF 2004 Easter Consumer Intentions and Actions Survey, conducted by BIGresearch for NRF. The surevey found that 75.6% of Americans plan to celebrate E
VF Corp. Brightens Q1 Outlook on Stronger Sales
VF Corporation, parent company to the Eastpak, Jansport, and The North Face brands, has updated its first quarter guidance to reflect “stronger than expected sales of its products at retail in most of its businesses”. VFC now expects an 8% to 10% increase
Oakley Reiterates 2004 Sales and Earnings Guidance
Oakley, Inc. has reiterated its 2004 sales and earnings guidance provided earlier this year. The company expects full year sales growth of approximately 10%, to approximately $574.0 million, with earnings expected to grow approximately 15% to 64 cents per
Forzani Buys the Gen-X Close-Out Business; Sees Decline in YTD Comps
The Forzani Group Ltd. confirmed its fiscal 20003 results, previously released on March 2nd, 2004 and then dropped a bit of a bombshell, announcing that they had acquired all of the shares of the Gen-X Sports opportunity business. Huffy Corp. on Monday a
Vans Swings to Fiscal Q3 Profit; Raises 2004 Guidance
Vans, Inc. reported that net sales for its base business for the fiscal third quarter (excluding skateparks expected to be closed) increased 10.0% to $86.3 million, compared to $78.4 million for the third quarter of fiscal 2003. Net income for the base bu
Columbia Partners With Chinese Authorities in Counterfeit Raids
Columbia Sportswear Company recently joined forces with Chinese authorities in three separate raids of factories producing counterfeit Columbia Sportswear apparel. As part of an aggressive campaign to stamp out counterfeiters and protect its unique brand
Golfsmith Cuts Q4 Losses as Comps Rise 8.1%
Golfsmith International, Inc. reported net revenue for the fiscal ourth quarter ended January 3, 2004 jumped 38.2% to $61.5 million from net revenue of $44.5 million in the year-ago quarter. Comps were up 8.1% for the quarter. The net loss for the perio
Next, Inc. Launches New Active Outdoor Line
Next, Inc. has added American Wildlife USA.com to feature the company's newest specialty line of apparel aimed at people who “enjoy an active outdoor lifestyle”…
Asics Renews Gardner Endorsement Deal
ASICS has renewed a multi-year endorsement deal with 2000 Olympic Greco-Roman Wrestling gold medalist Rulon Gardner. The Afton, Wyoming native will endorse ASICS footwear, apparel, and accessories and first became a member of ASICS Wrestling Advisory Staf
PowerBar Founder Maxwell Dies from Heart Attack
Brian Maxwell, the founder of PowerBar, died of an apparent heart attack on Friday. He was 51 years young. Maxwell, who was ranked as the number three marathoner in the world in 1977, is credited with starting the energy bar industry that today is a nec