Author: James Hartford

Saks Inc. Feb. Comps Take Hit From Winter Storms

March 5, 2003 SGB Update

Retailer Saks Incorporated announced that comparable store sales for the four weeks ended March 1, 2003 compared to the four weeks ended March 2, 2002 decreased 4.1% on a total company basis. By segment, comparable store sales increased 1.2% for SDSG and

Costco Fiscal Q2 Profit Shrinks on 8% Sales Gain

March 5, 2003 SGB Update

Costco Wholesale Corporation announced net sales for the second quarter of fiscal 2003 increased 8% to $9.92 billion from $9.21 billion during the second quarter of fiscal 2002. Net income for the second quarter of fiscal 2003 decreased 5% to $182.1 milli

Kohl’s 2002 Net Income Jumps 30% on 22% Sales Increase

March 5, 2003 SGB Update

Kohl's Corporation reported net income for the fiscal year ended Feb. 1, 2003, increased 29.8% to $643.4 million, or $1.87 per diluted share, compared to $495.7 million, or $1.45 per diluted share for the fiscal year ended February 2, 2002. Net sales

NSGA Report Shows Female Sneaker Purchase Decline

March 5, 2003 SGB Update

Although females continue to lead males as purchasers
of sports footwear, their lead decreased in 2002, according to data released by the National Sporting Goods Association (NSGA). For 2002, females purchased 53.1% of all sport footwear compared to 54.7%

GBMI Gets Attitude With Pony Acquisition Deal

March 3, 2003 SGB Update

Rumors have been flying for weeks about a mysterious “Brand Six” that was about to be added to the stable at GBMI. Speculation ran from GBMI buying an athletic performance brand to acquiring a skate shoe company. A section of their new headquarters in S

Fila Narrows 2002 Loss on 7.0% Sales Decline

March 3, 2003 SGB Update

Fila Holding S.p.A. reported a 2002 full year net loss of $76.4 million compared with $125.2 million in 2001. Worldwide revenues for the year decreased by 7% to EUR 909.5 million and were flat when expressed in terms of constant exchange rate and continu

Coastcast 2002 Loss Expands 352% as Sales Drop 46%

March 3, 2003 SGB Update

Coastcast Corporation reported sales for the year ended December 31, 2002 were $62.4 million vs. $115.5 million in 2001. The 2002 net loss was $10.4 million vs. a loss of $2.3 million in the prior year. Diluted loss per share was ($1.36) vs. ($0.30).

PacSun February Comps Grow 14.8%

March 3, 2003 SGB Update

Pacific Sunwear of California Inc. reported that same store sales increased 14.8% for the comparable four-week period ended March 1, 2003 with PacSun same store sales up 10% and d.e.m.o. same store sales up 49%…

Pacific Sunwear 2002 Profits Surge 80% on 24% Sales Jump

March 3, 2003 SGB Update

Pacific Sunwear of California Inc. reported total sales for fiscal 2002 increased 23.6% to $846.4 million. Same-store sales increased 9.7% for the comparable 52 week period ended Feb. 1, 2003. Net income for fiscal 2002 increased 80% to $49.7 million, o

Nike Rounds Up Support in Free Speech Fight

March 3, 2003 SGB Update

The Bush Administration, the ACLU, the AFL-CIO, European entities, and dozens of media organizations have joined forces in urging the U.S. Supreme Court to reaffirm the First Amendment right to free and open debate and to overturn an unprecedented Califor

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