The outlook for using the Internet to research purchases before going to local stores, otherwise known as Web-to- store (W2S) shopping, is stronger than online e-commerce, according to new research released this week. Shopping patterns during the last th
Author: James Hartford
Huffy to Post Fiscal Year Loss on Lower Margins, Higher Expenses
Huffy Corp. announced that preliminary fourth quarter sales figures are in line with expectations, but the loss from continuing operations for the quarter will be substantially higher than previously anticipated and will likely result in a modest loss fro
Stride Rite 2003 Net Income up 5.7% on a 3.3% Sales Gain
The Stride Rite Corporation reported net sales for the fourth quarter of fiscal 2003 increased 6% to $103.8 million, resulting in a 3% net sales increase for the full year. Hilfiger Footwear increased 7% for Q4 and 9% for the year and Sperry Top-Sider ga
Hilpert Named Footstar Chairman and CEO
Footstar, Inc. has announced the appointment of Dale W. Hilpert, a veteran retailing executive, as Chairman, President and CEO. Mr. Hilpert, 60, succeeds Neele E. Stearns, Jr., who has been acting as Chairman and Interim CEO. Mr. Stearns was appointed Vic
Footstar Makes Changes with Financial Execs
The appointment of a new chairman and CEO at Footstar, Inc. has led to a number of changes in the executive team. Stephen R. Wilson, EVP/CFO of Footstar, will become EVP – Chief Administrative Officer reporting directly to the new CEO, Dale Hilpert. As
Footstar Athletic Comp Store Sales Dip 0.4% in Q4 on JFF Weakness
Footstar, Inc. reported a comparable store sales decline of 6.0% for the 14-week 2003 fourth quarter over the same 14-week period in 2002. Comparable store sales for the Athletic segment decreased 0.4% and at Meldisco decreased 10.4%. The company did not
Footstar Updates Restatement; May Sell Off Athletic Unit
Footstar, Inc. has updated its expectations for the total impact of its financial restatement for fiscal years 1997 through the first half of fiscal 2002 and reported on discussions it is having with its bank syndicate. The company is continuing to evalu
Pacific Cycle Acquired by Canadian Consumer Brands Company
Dorel Industries Ltd. has signed a purchase agreement to acquire Pacific Cycle, best known for its Schwinn, Mongoose and GT bicycle brands. The total value of the all-cash transaction is US$310 million and is being financed through additional debt facilit
SGMA: Forecasting the Future of the Sporting Goods Industry – 2010
Getting the right product to the right place at the right time. That’s the key to success in business – especially in the sporting goods industry. How that will be best accomplished by 2010 is the $64,000 question. That’s one of the dominant themes of
Vans Raises Guidance for Fiscal Q3, Full Year
Based on current trends, Vans, Inc. is raising its previous guidance by $0.04 for the third quarter and full fiscal year 2004. The company now expects diluted earnings per share from continuing operations for the base business (excluding skate parks expec
Deckers Raises 2004 Guidance on Ugg Strength
Deckers believes that based on the heightened demand for the company's Ugg product line it is raising its fiscal 2004 sales guidance to a range of $133 million to $140 million versus its previous guidance of $126 million to $132 million. DECK is als
GBMI Appoints Kaminsky NSM for XOXO
Global Brand Marketing, Inc. has appointed Scott Kaminsky to National Sales Manager of XOXO Footwear. Kaminsky will be responsible for all U.S. sales operations for XOXO Footwear and will be charged with managing the company's domestic revenue growth
Saucony to Exceed Previous Guidance for 2003
Saucony now expects net sales for the fourth quarter of 2003 to be approximately $31 million and earnings per share to be in the range of 14 cents to 17 cents, versus the preveiously guided range of 8 cents to 10 cents per share. The company also sees ear
SIA: SnowSports Specialty Sales Fall 9.0% in November
Overall sales in dollars for the winter sports market for the August through November period, including specialty and chain stores, decreased slightly by 1.65% to $652 million according to the SnowSports Industries America (SIA) Retail Audit. Unit
SIA: SnowSports Chain Store Sales Up 4.7% in November
Overall sales in dollars for the winter sports market for the August through November period, including specialty and chain stores, decreased slightly by 1.65% to $652 million according to the SnowSports Industries America (SIA) Retail Audit. Unit sales w
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