Nordica USA has appointed Tyler Kipp to the position of New England Racing Coordinator. The New England Racing Coordinator position is new to Nordica and will help solidify service for the company’s growing race program. Kipp will oversee the development
Author: James Hartford
Vans CFO Departs; Company Sees Better Fiscal Q1
Vans, Inc. announced that Andrew J. Greenebaum, Chief Financial Officer, has decided to leave his position for personal reasons, effective as of August 30, 2003. Scott J. Blechman, currently VP of Finance & Controller, will be promoted to CFO. The compa
LiquidGolf Holding to Acquire Best Value Golf
LiquidGolf Holding Corporation announced the execution of a Letter of Intent to acquire Best Value Golf Inc., the parent company of golfgods.com…
NRF Report Shows 6.0% GAFS Gain in July
According to the National Retail Federation, July retail sales in the GAFS category increased 0.8% seasonally adjusted from June, and rose 6.0% from the same period last year. Sporting goods, Internet and catalog retailers joined hobby, book and music st
Oakley Appoints New Board Member
Oakley, Inc. announced the appointment of Tom Davin to the company's Board of Directors and to the Audit Committee of the Board of Directors. Mr. Davin currently serves as the Operating Partner of Brentwood Associates, a middle-market private equity
Sport Supply Group Q2 Earnings Fall as Sales Dip 3.0%
Sport Supply Group announced net income before cumulative effect of accounting change for the quarter ended June 2003 fell 45.2% to $115,000 compared to $210,000 for the quarter ended June 2002. Net sales for the quarter dipped 3.0% to $26.0 million. In
TJX Q2 Net Income Off 4.9% on 2.0% Comp Store Gain
The TJX Companies, Inc. announced net sales for the fiscal second quarter were $3.0 billion, a 10% increase over last year, with consolidated comparable store sales increasing 2%. Net income was $123 million and diluted earnings per share were $.24, which
JC Penney Narrows Q2 Loss on 2.1% Comp Store Gain
JC Penney Company reported a second quarter loss of $0.02 per share compared with a loss of $0.05 per share in last year's quarter. Department stores Q2 LIFO operating profit more than doubled to $51 million compared with $22 million last year, an i
Next Inc. Taps Howard for Top Sales Slot
Next, Inc. has appointed Stan Howard to the position of Vice President Sales and Marketing for the company. Mr. Stan Howard, through the acquisition of Lil Fan Inc and affiliates by Next, has added significant customers and product lines. Mr. Howard has
George Joins Nike’s Team Jordan
Jordan, a division of Nike, Inc., announced the addition of record-breaking Pro Bowl running back Eddie George to Team Jordan, the elite group of professional athletes hand-picked by Michael Jordan to represent the Jordan brand of footwear and apparel…
True Temper Sees Benefit from Increase in Q2 International Sales
True Temper Sports, Inc. announced that net sales for the second quarter increased 8.7% to $32.5 million from $29.9 million during the second quarter of 2002. Total international sales increased by 23% when compared to the second quarter of 2002. Net in
May Company Posts Q2 Loss on Divestiture Costs
The May Department Stores Company saw a net loss of $100 million, or 39 cents per share, for the second quarter, compared with net earnings of $69 million, or 22 cents a share, in the year-ago period. The Q2 2003 results include a charge of $318 million,
Sun Ice Withdraws Acquisition Plan
Sun Ice Limited and the company set up to take it private have jointly announced that the plan to execute the transaction has been withdrawn. The purchasing company was set up as a holding company wholly-owned by Sylvia Rempel, the President, CEO and Cha
Tropical Sportswear Board Cleans House in the Executive Suite
Tropical Sportswear has terminated the employment of Christopher B. Munday, the former President and CEO, N. Larry McPherson, the former EVP and CFO, and Gregory Williams, the former EVP and General Counsel, each effective August 15, 2003. Michael R. Mit
Galyan’s Complete Lease-Buyback for Three More Stores
Galyan's Trading Company, Inc. announced on Tuesday the completion of a sale-leaseback transaction for three stores with an investment trust of W.P. Carey & Co. LLC, bringing the total properties the Company leases through the Carey Group to eight. A