Footwear Specialties Sees 46% Sales Increase in 2002

Footwear Specialties International, parent company of Nautilus Safety Footwear, SkidBuster Shoes and Third Watch Public Safety Footwear, announced at their annual meeting that their “Ultimate” Service standards contributed to their 46% sales increase over

LaCrosse Footwear Narrows 2002 Loss; Posts Q4 Profit

LaCrosse Footwear, Inc. 2002 net sales declined to $97.8 million from $125.3 million in 2001. The full year 2002 net loss was $5.1 million, or a net loss of $0.87 per share, compared to a net loss of $7.9 million, or a net loss of $1.35 per share, in 200

Mossimo 2002 Earnings Up 24% on 19% Revenue Rise

Mossimo, Inc. reported fiscal 2002 revenue increased 19.3% to $19.9 million compared to $16.7 million in fiscal 2001. The Company reported fiscal 2002 earnings before benefit for income taxes of $7.3 million, or $0.46 per diluted share, compared to earnin

Deckers 2002 Earnings Flat on 8.0% Sales Gain

Deckers reported 2002 net sales increased 8% to $99.1 million versus $91.5 million in the same period last year. Net earnings before cumulative effect of accounting change for the year ended December 31, 2002 were $1,620,000, or $0.17 per diluted share,

Payless Fiscal 2002 Earnings Double on Comp Store Decline

Payless ShoeSource, Inc. reported company sales for the fiscal year 2002 totaled $2.88 billion, a 1.2% decrease from $2.91 billion in the fiscal year 2001. During the fiscal year 2002, same-store sales decreased 3.2%. In the fiscal year 2002, net earnin

Former Venator CEO Joins Gadzooks Board

Gadzooks, Inc. announced that Carol Greer, President of the Carol Greer Associates retail consulting firm, has joined its Board of Directors, increasing its number of Directors to seven…

Varsity Brands Swings to Profits in 2002; Sales Up 6.0%

Varsity Brands, Inc. announced net income of $9.9 million, or $0.92 per share on a fully diluted basis, for the year ended December 31, 2002. Net income for the year ended December 31, 2002 included an income tax benefit of $0.7 million. Revenues for th

Court Approves Kmart Disclosure Statement

Kmart Corporation announced Wednesday that the U.S. Bankruptcy Court for the Northern District of Illinois has approved the Disclosure Statement filed in connection with the Company's First Amended Joint Plan of Reorganization…

Former Kmart Executives Indicted for Fraud

Two former Kmart vice presidents indicted Wednesday for their part in Kmart's financial downfall could be just the first of a wave of executives to face criminal charges for pushing the century-old retailer into bankruptcy, experts predicted…