Author: James Hartford

adidas-Salomon AG said this week that it had achieved its 2002 sales and profit goals, with sales rising 5% for the year and net profit growth coming in at the upper end of a 5% – 10% forecast range…

Looks like Skechers’ foray into roller skates is coming back to haunt the fashion footwear company yet again. Seems Britney Spears has sued the company for more than $1.5 million, citing breach of agreement, claiming Skechers USA, Inc. used her to plug i

Estimates of total additional store closings for the beleaguered discount retailer range from 300 on the low end to almost 600 on the high side. Kmart had 2,114 stores before it closed 283 stores last spring. The company well may be at least a third sma

The January 2nd hearing scheduled to review certain matters in the company’s Chapter 11 case was postponed until Thursday, January 9, 2003…

Footstar, Inc. reported that comparable store sales for the period ended December 28, 2002 increased 2.1%.
Comparable store sales at Meldisco increased 4.0%, and comparable store sales for the athletic segment decreased 0.2%. Due to the calendar shift, s

Effective January '03, adidas has partnered with Betlin, Inc. as the official licensee responsible for the exclusive manufacturing and selling of custom and stock uniforms…

The online bag retailer announced its third straight positive cash flow quarter and its first ever GAAP profitable quarter (includes non-cash expenses such as depreciation and amortization)…

Shoe Pavilion, Inc. announced comparable store net sales decreased 3.7% and 1.0%, respectively, for the fourth quarter and twelve months ended December 28, 2002 from the same periods last year…