Author: James Hartford

GBMI Acquires Pony Brand, Partners with The Firm

March 2, 2003 SGB Update

Global Brand Marketing, Inc., (GBMI) and The Firm jointly announced Monday the formation of a new entity, Pony International, LLC that will own, control and exploit the Pony brand on a global basis. As the owner of a majority interest in the new entity,

Footwear Specialties Sees 46% Sales Increase in 2002

March 1, 2003 SGB Update

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

February 28, 2003 SGB Update

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

February 28, 2003 SGB Update

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

February 28, 2003 SGB Update

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

February 28, 2003 SGB Update

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

February 28, 2003 SGB Update

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%

February 28, 2003 SGB Update

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

Famous Footwear Helps Brown Shoe Achieve Record Profits

February 27, 2003 SGB Update

Brown Shoe Company, Inc. reported net sales for 2002 rose 4.9% to $1.8 billion. Net income for fiscal 2002 was $45.2 million, or $2.52 per diluted share, compared with a net loss of $3,962,000, or 23 cents per diluted share, in fiscal 2001. Fiscal 2002

West Marine February Comps Drop 13.9%

February 27, 2003 SGB Update

West Marine, Inc. reported that net sales for the four weeks ended Feb. 22, 2003 were $31.1 million, a 12.6% increase from net sales of $27.6 million for the same period a year ago. Comparable store net sales for the four weeks ended Feb. 22, 2003 decreas

TJX 2002 Earnings Up 11% on 3.0% Comp Store Rise

February 27, 2003 SGB Update

The TJX Companies, Inc. announced net sales for fiscal 2003 were $12.0 billion, up 12% over the previous year, and consolidated comparable store sales increased 3%. For the 52-week fiscal year, net income reached $578 million and diluted earnings per shar

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