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
Author: James Hartford
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
Mossimo Q2 Net Income Cut in Half on Lower Net Revenues
Mossimo, Inc. reported second quarter 2003 revenue of $6.9 million compared to $7.4 million for the same period last year. Excluding non-recurring revenue from Q2 2002, MOSS reported a 16% increase in revenue. The company also reported net earnings of $
Speedo Parent Continues Climb Back in Q2
The Warnaco Group, Inc. announced second quarter pro forma
net revenues were $335.8 million, net income was $0.2 million and earnings per share was $0.00, compared to prior year's net revenues of $381.8 million, net income of $14.0 million and earni
Shoe Pavilion Posts Q2 Loss on Lower Comps
Shoe Pavilion, Inc. announced a net loss of $231,000 or (3 cents) per share, for the second quarter ended June 28, 2003 compared to net income of $528,000 or 8 cents per share, for the second quarter of 2002. Net sales decreased 6.9% to $21.2 million for
adidas Lays Out Plan for Troubled U.S. Market…
adidas expects fashion-driven footwear to be a short-lived trend in the U.S. market and is betting long term on performance as the primary driver of the brand in the U.S. Parent company adidas-Salomon laid out a strategy for the U.S. that puts “additiona
Pacific Sunwear Q2 Net Income Jumps 84%; Sales Up 23%
Pacific Sunwear saw net income for the second quarter of fiscal 2003 increase 84% to $13.4 million, or $.26 per share, basic and diluted, over net income of $7.3 million, or $.15 per share, basic and diluted, for the second quarter of fiscal 2002. Sales
NIKE Declares Dividend
On August 11, 2003, the Board of Directors of NIKE, Inc. declared a cash dividend of fourteen cents ($0.14) per share on its outstanding Class A Common Stock and Class B Common Stock payable October 1, 2003, to shareholders of record at the close of busin
Cutter and Buck Settles SEC Probe; Ex-Execs Charged with Fraud
Cutter & Buck Inc. has finalized its previously announced agreement with the Securities and Exchange Commission (SEC), resolving the Commission's investigation of the company. The agreement provides for Cutter & Buck to comply with the financial repo
Nike Opens Golf RandD Center; June Retail Sales Double
Nike Golf unveils its first full-service and dedicated research & design facility for the development of performance golf clubs and the testing of both golf clubs and golf balls in Fort Worth, Texas. The company alos revealedits latest retail golf sales
Phoenix Completes Trask Acquisition
Phoenix Footwear Group, Inc. has finalized its acquisition of H.S. Trask & Co. Phoenix Footwear had announced the signing of a definitive agreement with H.S. Trask on June 16, 2003. Terms of the acquisition were not disclosed in detail, but the Company
Antigua First Half Sales Off 6.2%; Profits Down 48%
Antigua Enterprises Inc. reported net sales for the first half of 2003 totaled $19.8 million compared to $21.1 million in 2002. Net income for the half was $432,501 compared to $832,489 in 2002. As previously reported, the the company in late April comp
Gildan Gains Fiscal Q3 Sales, But Loses Profits on Weaker U.S. Dollar
Gildan Activewear Inc. reporteded fiscal third quarter net earnings of $31.3 million, or $1.05 per diluted share, up respectively 13.0% and 11.7% from $27.7 million or $0.94 per diluted share in the third quarter of fiscal 2002. The quarter comprised 14 w
Urban Outfitters Q2 Comp Stores Sales Up 11%
Urban Outfitters, Inc. announced total Company sales for the second quarter climbed to a record $122.9 million, a 22% increase over the same period last year. Total company comparable store sales increase of 11% on top
of an 11% 'comp' store sa
Stage Stores July Comps Dip 1.0%
Stage Stores Inc. reported that comparable store sales for the four-week period ended Aug. 2, 2003 decreased 1.0% as compared to the prior year four-week period ended Aug. 3, 2002, during which comparable store sales increased 2.1%. Total sales increased