TJX saw an opportunity to dump the bad stuff and expand their footprint into a younger mall consumer demographic when they offered to acquire Bob’s Stores. To execute the plan, the two need to pull off a Chapter 11 bankruptcy of Bob’s Stores to jettison t
Author: James Hartford
Vans’ Fiscal Q2 Loss Widens 46.4% as Revenues Increase 10.4%
Vans, Inc. saw net sales for the second quarter of fiscal 2004 ended November 29 for the base business increase 10.4% to $63.4 million, compared to $57.4 million for fiscal Q2 2003. Company-owned comp store sales increased 15.2%. The net loss during th
SEC Sues Three Genesco Execs for Fraud; Company Settles
The Securities and Exchange Commission filed suit Tuesday alleging that three Johnston & Murphy division executives, one current and two former employees, fraudulently reported 2001 sales results at year-end. The suit claims that the three, former J&M di
KSA Taps New Principal for NA Retail Ops Practice
Michael J. Brown has joined global management consulting firm Kurt Salmon Associates as a Principal in its
North American Retail Operations Practice. Mr. Brown began his retail career with Federated Department Stores' A&S division, where he held
Bratton Joins Fila as NSM for Apparel
Bill Bratton has joined Fila USA as National Sales Manager for the Apparel division. He will report to Greg Niel, VP Sales for Apparel. Mr. Bratton was most recently VP Sales Sporting Goods for Danskin. Prior to Danskin, Bratton was an Apparel Sales D
Jon Epstein Pleads Guilty in Just for Feet Fraud Case
The industry has been buzzing ever since new Fila parent, Sport Brands International, made it public last week that CEO Jon Epstein had resigned for “personal reasons”.
The former CEO has agreed to plead guilty in a fraud investigation of the Just For Fee
Play it Again Parent Makes Franchise Mgmt Promotions
Winmark Corporation, the parent company for Play it Again Sports, has announced the promotion of Rebecca J. Geyer to the position of Vice President of Franchise Management and Steven A. Murphy to the position of Vice President of Franchise Management…
TAF Extends Credit Facility
The Athlete's Foot Stores has received an extension of its $20 million credit facility with Wells Fargo Retail Finance through is through June 2007. This independent facility is secured by the assets of the company-owned stores and will provide work
K2 Inc. Approaches Billion Dollar Business in 2004
K2 Inc. is forecasting fiscal year 2004 sales of approximately $920 million and earnings per share in the range of 92 cents to 94 cents based on assumed outstanding shares of 34.4 million as of December 31, 2004. For fiscal year 2003, K2 reconfirmed its
Nike Trounces U.S. Street Estimates on Stronger U.S. Business
NIKE, Inc. reported revenues for the fiscal second quarter ended November 30, 2003 increased 13% to $2.8 billion, versus $2.5 billion for the same period last year. Net
income totaled $179.1 million, or $0.66 per diluted share, compared to $152.0 million,
Ashworth Fiscal Q4 Net Jumps 59% on 9.5% Revenue Gain
Ashworth, Inc. announced consolidated net revenue for the fourth quarter ended October 31, 2003 increased 9.5% to a record $32.2 million as compared to $29.4 million for the fourth quarter of fiscal 2002. The Company reported consolidated fourth quarter
Quiksilver Fiscal Q4 Earnings Up 43% on 37% Sales Jump
Quiksilver, Inc. announced consolidated revenues for the fourth quarter of fiscal 2003 ended October 31, 2003
increased 37% to $269.2 million as compared to Q4 2002 revenues of $196.1 million. Consolidated net income for increased 43% to $17.4 million, o
Callaway to Exceed $1.0 Billion in Current Fiscal Year
Callaway Golf Company has announced that it expects consolidated net sales and fully diluted earnings per share for the year ending December 31, 2003 to be approximately $810 million and between $0.65 and $0.67. For the full year 2004, ELY's current
Sorel Inks Sock License Deal with Crescent Hosiery
Sorel, a division of Columbia Sportswear Company has signed a North American license agreement with Crescent, Inc. for the design, manufacture and marketing of men's, women's and children's socks. The Sorel branded sock collection will be a
Smith Taps Randolph as Cycling Team Manager
Smith Optics has hired respected professional cyclist, Greg “Chopper” Randolph, as its bike team and promotions manager, effective immediately. Randolph will be responsible for supporting the current roster of athletes while continuing to develop its tea
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