Footstar, Inc. is suddenly the darling in a down market. As both the Dow and the S&P 500 dipped over 1% on Wednesday, Footstar jumped another 32.34% to close at $9.78. The rise was on top of the almost 22% surge in share price experienced Tuesday. Shar
Author: James Hartford
Value City to Split Out Operating Units in New Structure
Value City Department Stores, Inc. announced that effective February 2, 2003, the company will begin to reorganize its corporate structure into a holding company with three retail operating entities and a service organization…
Luxottica Group Signs License for Versace Brands
Luxottica Group S.p.A. and Versace Group jointly announced the signing of a worldwide license agreement for the design, production and distribution of Versace, Versus and Versace Sport sunglasses and prescription frames…
Analysts Take Big 5 Down on Negative News
Shares of Big 5 Sporting Goods Corp. were down 5.6% Wednesday on news released a day earlier (Story) that the-largest-sporting-goods-retailer-on-the-west-coast cut its profit outlook for its fourth quarter
Royal Precision Cuts Second Quarter Losses
Royal Precision Inc. continues losing money, but the maker of golf club shafts and grips managed to cut its losses in the quarter ending Nov. 30 by almost two-thirds thanks to a 23% jump in sales…
Frisby Files For Bankruptcy Protection
Frisby Technologies, Inc. announced that it has filed a voluntary petition for Chapter 11 reorganization with the U.S. Bankruptcy Court for the Middle District of North Carolina…
Callaway Sets Record Straight on Bloomberg Report
Callaway Golf Company demanded and received a correction of an erroneous news report circulated by Bloomberg, the international financial news wire service…
Smith and Wesson Signs Japan Apparel License Deal
Smith & Wesson Holding Corporation announced its newest licensing agreement with Nissho Iwai General Merchandise Corporation of Japan for the design, manufacture and distribution of men's and women's apparel that will bear the Smith & Wesson nam
Speedo Parent Bankruptcy Reorg Plan Accepted
The Warnaco Group, Inc., parent of apparel brands Speedo and Authentic Fitness, announced that the U.S. Bankruptcy Court for the Southern District of New York confirmed its Plan of Reorganization on Thursday…
Callaway Files Late Q3 10-Q; May See Upside to 2002 Guidance
Callaway Golf expects net sales and earnings for the year ended December 31, 2002 to be at the high end, if not slightly above, the range provided on December 16, 2002…
Skechers Assumes Canada Distribution
Skechers USA, Inc. announced that effective immediately it is assuming the distribution of its product in Canada…
The Sportsman’s Guide 2002 Results to Exceed Estimates
The Sportsman's Guide, Inc. announced that the Company will report total sales in the range of $65 to $66 million and net earnings per share of $0.50 to $0.52 for its fourth quarter ended December 31, 2002…
Sears 2002 Per Share Earnings Jump 91.5%
Sears, Roebuck and Co. reported net income was $1.4 bn, or $4.29 per share, for 2002 as compared to $2.24 per share last year. Reported fourth quarter 2002 net income, including the non-comparable items, was $848 million or $2.67 per share, compared with
Federated to Merge Rich’s and Macy’s in Atlanta; Add Bloomingdales
Federated Department Stores, Inc. announced the strategic integration of its Rich's and Macy's stores in metro Atlanta beginning in February, as well as plans to bring Bloomingdale's to the Atlanta market in two major malls as early as fall
Federated Predicts a Flat 2003
Federated Department Stores, Inc. provided preliminary earnings guidance for fiscal 2003, which will be further refined with the conclusion of fiscal 2002 and when year-end earnings are released on February 25…
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal