Perry Ellis International, Inc. reported net income of $2.8 million for the fourth quarter 2002, a 194% increase over Q4 2001. Net sales for the fourth quarter, driven by strong shipments from the Company's Jantzen swimwear business, increased 51.3%
Author: James Hartford
Quiksilver Signs China Joint Venture Deal
Quiksilver, Inc. announced that it has entered into a joint venture with Glorious Sun Enterprises, Ltd. for the opening of retail stores and wholesale distribution of its products in China…
The Finish Line Promotes Four New VP’s
The Finish Line, Inc. Alan H. Cohen, President and Chief Executive Officer announced the promotion of four new vice presidents. Jason Prodouz has been named VP – Planning & Allocation, Todd M. Kuebel has been named VP – Inventory Management, Cindy Loren
Jandd Considers Move Back to Santa Barbara Roots
Jandd Mountaineering Inc., maker of high-quality bags, backpacks and a host of other accessories for the active outdoors, may return to Santa Barbara. The company founded by then-UCSB student Dave Sisson 20 years ago, packed its own bags and headed sou
Sierra Designs Moving to Boulder; McCoy to Leave Company
Sierra Designs announced over the weekend that it will move to the Boulder, Colorado area this summer. Longstanding company president, Sally McCoy, will lead the company through the transition period, then Mark Herbert, the current Vice President/General
Reda Sports Hires New GMM
Reda Sports Corporation announced the hiring of new General Merchandise Manager, Michael J. Belisle. Belisle brings 10 years of procurement and planning experience to the role…
Rumors Over, The Fila Sale Finally Happens…
The deal was announced Friday that would see the sale of all Fila Holding S.p.A operating businesses to Sport Brands International LLC, an affiliate of Cerberus Capital Partners, LP.
Cerberus is
U.S Sporting Goods Imports Resume Growth in 2002
The dollar value of sporting goods imported into the U.S. increased by 6.3% in 2002. Imports had posted declines in three of the past four years (1998-2001). This is the main finding of SGMA International’s analysis of the U.S. Commerce Departmen
Ashworth Posts Fiscal Q1 Profits on 32% Revenue Rise
Ashworth Inc. announced consolidated net revenue for the first quarter of 2003 ended Jan. 31, 2003 increased 32.3% to $26.6 million as compared to $20.1 million for the first quarter of 2002. The company reported consolidated first quarter net income of $
Target Corp. Sees Feb Comps Off 1.4%
Target Corporation reported that its net retail sales for the four weeks ended March 1, 2003 increased 6.4 percent to $2.926 billion from $2.750 billion for the four-week period ended March 2, 2002. Comparable-store sales declined 1.4 percent from fiscal
Wal-Mart February Comps Up 2.6%
Wal-Mart Stores, Inc. reported net sales for the four-week period ending February 28, 2003, of $18.796 billion, an increase of 9.2% over the $17.207 billion in the similar period in the prior year…
JC Penney February Comps Decrease 2.1%
J. C. Penney Company, Inc. reported February comparable department store sales decreased 2.1% for the four weeks ended February 22, 2003, compared with last year's strong 12.5% gain…
Quiksilver Doubles Fiscal Q1 Profits on 31% Sales Gain
Quiksilver, Inc. announced consolidated net sales for the first quarter of fiscal 2003 ended January 31, 2003 increased 31% to $192.1 million as compared to fiscal 2002 first quarter consolidated net sales of $147.0 million. Consolidated net income for th
Benneton Unloads Rollerblade Unit to Tecnica
Benetton Group has signed a preliminary binding agreement for the divestiture of its Rollerblade business to Prime Newco, a company of the Tecnica Group, and recent acquirer of the Nordica business…
Kellwood 2002 Net Earnings Rose 11.4% on Sales Dip
Kellwood Company reported sales for the year were $2.2 billion, down $77 million, or 3% from $2.3 billion reported last year. Excluding the acquisition of Gerber Childrenswear on June 25, 2002, sales for the year were down $192 million, or 8%, but ahead