Goody’s Posts 2002 Profit on Flat Sales

Goody's Family Clothing, Inc. reported net earnings for the year ended February 1, 2003 were $7.6 million, or $0.23 per diluted share, compared with a net loss of $20.2 million, or $0.62 per share, for fiscal 2001. Total sales for fiscal 2002 were $

Phoenix Footwear Group, Inc. Updates 2003 Outlook

Phoenix Footwear Group, Inc. commented on its recent failed bid for Antigua Enterprises, Inc. and also announced that for the 12 months ended December 31, 2003, it expects to generate earnings, after one-time charges related to relocation of the company&#

Ross Stores 2002 Earnings Up 30% on 18% Sales Gain

Ross Stores, Inc. reported earnings per share for the year ended February 1, 2003 grew 32% to $2.52, from $1.91 for the previous year. Net earnings for 2002 increased 30% to a record $201.2 million, compared to $155.0 million for last year. Sales for t

NSGA: Team Sports Participation Solid in 2002

With the exception of tackle football and volleyball, all team sports showed participation increases in 2002, according to preliminary numbers found in the soon-to-be released “Sports Participation in 2002” reports. The reports, published in two series by

Smith and Wesson Q3 Earnings Plunge on Higher SGandA Costs

Smith & Wesson Holding Corporation reported revenue for the third quarter of fiscal 2003 and 2002 was $24.9 million and $21.6 million, respectively. Resulting earnings per share for the same periods were $.01 versus $.07. Revenues for the nine months end

K2 Confirms MLB Contract Issue in Rawlings Deal

K2 Chairman and Chief Executive Richard Heckmann confirmed on Monday that Rawlings’ Major League Baseball contract is the stumbling block in the acquisition talks between the two companies.

Heckman said he would abandon K2's proposed $74 million pu

SIA: Specialty Store Sales Up 7.9% as Average Price Dips

According to the SnowSports Industries America (SIA) Retail Audit, sales through the end of January at specialty ski and snowboard shops were up 7.9% compared to the same time period last season. In dollars, that translates to $1.32 billion in sales compa

MOSA Recalls Bicycle Helmets

MOSA Sports of Hermosa Beach, Calif., Tuesday recalled 1,250 Five 40 brand bicycle helmets because they failed Consumer Product Safety Commission impact tests. The recalled helmets are black, white or red, and have the name “Five 40” printed on the front

Pacific Cycle Acquires InSTEP

Pacific Cycle, maker of Schwinn, GT and Mongoose bikes, is continuing its expansion in the recreation and fitness category with the acquisition of Minnesota-based InSTEP, the nation's leading producer of jogging strollers and bicycle trailers. The de

Spiegel Files For Chapter 11, Secures DIP Financing

The Spiegel Group Monday announced that, in order to address its financial and operational challenges, the company and its principal operating subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in t

Callaway Halts Sale of Illegal Putter Knockoffs in Japan

Callaway Golf Company announced Monday that Japan-based golf club sellers Kabushiki Kaisha Maruzen (“K.K. Maruzen”) and Kabushiki Kaisha Seima (“K.K. Seima”) have agreed to immediately cease the sale of their “White Shot New Wave Twin Ball” putter and to