Britney Sues Skechers Over Skate Shoe Deal

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

Kmart Continues Bleed, May Exit Sports…

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

Sears CEO Under Some Pressure to Show Results Soon

Sears, Roebuck and Co. Chief Executive Alan Lacy was riding high seven months ago. The company's credit card business was cruising along nicely, stores were being remodeled, and Sears' stock hit a four-year high of nearly $60 per share. But

Footstar Athletic Reports Flat December Comps

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

adidas Announces Uniform Partnership

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… Sees Holiday Sales Jump 101%

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 Reports Q4 Comps Up 3.7%

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…

Reebok Scores a ‘Homer’ With New Ad

He's traveled to space, rock n' rolled with Mick and Keith, owned the Denver Broncos and played softball with Roger Clemens. But, in February 2003, Homer J. Simpson embarks on his greatest feat yet: being the latest talent featured in the new3