J. C. Penney Company, Inc. reported that earnings per share from continuing operations doubled to $0.68 for the fourth quarter and were $1.25 for the full year. Department Stores and Catalog Q4 LIFO operating profit increased 35%, or 160 basis points as
Category: Outdoor
ShopKo Names Store Ops Head
ShopKo Stores, Inc. named Dan Bolstad senior vice president of ShopKo store operations, and logistics functions for the company's ShopKo and Pamida divisions…
Galyan’s to Keep Corporate Headquarters in Plainfield
After a yearlong search for a site to relocate its corporate headquarters, Galyan's Trading Co. has decided to stay in Plainfield. The company said Tuesday it will work with Plainfield over the next year to locate a building site for a state-of-th
Rocky Shoes and Boots 2002 Profits Jump 87% on 14% Sales Gain
Rocky Shoes & Boots, Inc. reported net sales declined 13.9% to $89.0 million for the year 2002 from $103.3 million the prior year. Net income rose to $2.8 million, or $0.62 per diluted share, for the twelve months ended December 31, 2002 from $1.5 million
Sportsman’s Guide 2002 Up 43% on 6.2% Sales Increase
The Sportsman's Guide reported sales were $180.3 million for the year ended December 31, 2002, an increase over the $169.7 million reported for 2001. The Company recorded net earnings of $4.0 million, or $0.80 per fully diluted share, for the year,
Gart Sports Q4 Comps Down 3.2%; Reaffirms Guidance
Gart Sports Company reported that it expects to meet its prior earnings guidance for the fourth quarter 2002 of $1.03 per fully diluted share and full year 2002 of $1.86 per fully diluted share.
Total sales for the 13 weeks ended February 1, 2003, were
PacSun First to Launch Hurley Footwear
Pacific Sunwear of California Inc. becomes the first national retailer to launch the new Hurley footwear line. The shoes are available in PacSun stores and online.
K2 Inc. Completes Debentures Transaction
K2 Inc. announced it has completed the transaction with k1 Ventures Ltd., a Singapore-based investment company, in which K2 sold $25.0 million of its 7.25% convertible subordinated debentures due March 2010…
Russell Firing On All Cylinders…
Shares of Russell Corporation rose 4.5% for the week, closing at $15.68 on Friday. The company reported lower Q4 sales and stronger earnings on Thursday…
Saucony Runs with Core Business…
Based on results for the fourth quarter and full year 2002, Saucony is already starting to reap the benefits of the strategy the company put in place in mid 2001 to right-size the business and focus on its core consumer…
K2/Rawlings Vote Scheduled…
K2 Inc. has set the vote on the proposed acquisition of Rawlings Sporting Goods Inc. for March 26, 2003. The special shareholder meeting is scheduled to be held in Los Angeles, CA. Investors of record on February 24, 2003 will be eligible to participat
K-Swiss is Just Getting Started…
The acquisition of Royal Elastics and the launch of the National Geographic footwear line were disappointments in 2002, but K-Swiss expects moves made with both brands to bear fruit in the coming year. The K-Swiss Classics business will continue to fuel
… As The SEC Opens Vail Probe…
Vail Resorts, Inc. revealed that the SEC has issued a formal order of investigation with regard to how the resort tallies initiation fees for its private clubs…
Goldenberg Promoted to COO at X-Sports
X-Sports, Inc. announced that Eric M. Goldenberg has been elected Chief Operating Officer of the Company, effective immediately. Goldenberg previously was Vice President of Sales. He continues to report directly to Xavier Anguiano,
X-Sports’ President an
Vail Resorts, Inc. Reveals SEC Probe
Vail Resorts, Inc. announced that the Securities and Exchange Commission (“SEC”) has informed the Company that the SEC has issued a formal order of investigation with respect to the Company…
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