Footstar has reportedly reached an agreement with Nike over a dispute that arose over Nike’s attempt to cut the retailer’s discount terms. A report in a local paper quoted a Footstar spokesperson that said, “The terms are confidential, and the proceeding
Category: Outdoor
Footstar GOB Sales Get Under Way; Will Close Additional Doors…
Footstar commenced Going Out of Business sales at 163 stores on Friday, including all remaining Just for Feet locations and 75 of the company’s Footaction stores. Hilco Merchant Resources was the winning bidder in the auction to be appointed as liquidati
McCool Sentenced in JFF Fraud Case…
The first sentence in the Just for Feet fraud case was handed down on Thursday, with adidas America’s Timothy R. McCool receiving an eight-month sentence and a $10,000 fine. He pled guilty in October to conspiracy to submit false statements to the audito
The New Sports Authority Sees Operational Upside, Sluggish Sales in Q4…
The format that the New Sports Authority is using to report numbers will give it some cover over the next year as the positioning of a “lost quarter” for the old TSA’s Q2 make it impossible to draw any clear full-year comparisons for the pre- and post-mer
Callaway Golf Defends its Turf
Callaway Golf Company has seized 27,000 club-heads from Newport Golf, an Anaheim, California-based entity controlled by a Jimmy Lin. A court-mediated settlement recently gave Callaway Golf over $800,000 and 28,000 other golf club components valued at mor
Apparel , Ski-Systems, and Snowboarding are Hot at Specialty Stores…
According to the most recent SIA Retail Audit for the 2003/2004 winter season, total sales for the winter sports market increased by 1.8% to $1.72 billion compared to $1.69 billion last year. Unit sales were up 4.6%, again signaling some price erosion.
Bite Footwear Adds New Midwest Reps
Bite Footwear has hired two new sales representatives to expand the company’s sales in the Midwestern region. Rick Harnisch and Steve Humphreys are the latest additions to Bite’s team….
Outside Magazine Fights Inactivity in College Students
Outside Magazine announced the launch of “Outside University,” a nationwide tour of colleges and universities designed to promote an active lifestyle to a new generation of enthusiasts…
Salter Group Buys Back Gen-X Close-Out Business
Huffy Corporation has sold its Gen-X 'opportunity' business to a group headed by its original founders, James Salter and Kenneth Finkelstein, and industry veteran Rick White for an undisclosed amount. HUF CEO Paul D’Aloia said that the sale of
Walden Ads Two New Reps
Walden Kayaks announced that it has hired two experienced sales representatives to the Walden Kayaks team, Don Otey and Ethan Ebersold. Otey will cover the Mid-Atlantic region, while Ebersold is the new western sales representative…
adidas’ McCool Receives Eight Month Sentence in JFF Fraud Case
The first sentence in the Just for Feet fraud case was handed down on Thursday, with adidas America’s Timothy R. McCool receiving an eight-month sentence and a $10,000 fine. He pleaded guilty in October to conspiracy to submit false statements to the aud
Johnson Family Extends Offer Period to Buy Company
Helen Johnson-Leipold, chairman and CEO of Johnson Outdoors, and Samuel C. Johnson, majority shareholder and director of Johnson Outdoors, are extending for an additional sixty days their February 20, 2004 non-binding proposal to acquire the outstanding p
NPD: Teens Are More Value Conscious
According to The NPD Group's latest report, Buying Habits of Teens and Tweens, teens are spending much of their money at value-based stores such as mass merchants, like Wal-Mart and Target, instead of trendy mall retailers. Teens are bargain hunters.
Footstar Gets GOB Sale Approval; Will Move Direct Biz to NJ
Footstar, Inc. announced Thursday that it is beginning inventory clearance sales at 88 Just For Feet stores and 75 of its 428 Footaction stores. Footstar has appointed Hilco Merchant Resources as liquidation agent. Footstar also now plans to close its t
Nike Fiscal Q3 Net Income Up 61% on 21% Revenue Gain
Nike, Inc. reported revenues for the third quarter ended February 29, 2004 increased 21% to $2.9 billion, versus $2.4 billion for the same period last year. Third quarter net income totaled $200.3 million, or $0.74 per diluted share, compared to $124.7 mi
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