Category: Outdoor

Galyan’s Profits Up on Weak Comps…

March 17, 2003 SGB Update

Galyan’s, like so many others in our space, had strong profits on weak sales in the fourth quarter ended February 1, 2003. And like so many other retailers — given the economy and world events — they were unable to give sales guidance for the first qua

…As SVP’s Exit in Cost-Cutting Move

March 17, 2003 SGB Update

Vans announced that Art Carver, SVP of Global Operations, and Bob Nagel, SVP of Sales and Apparel, are leaving the company as of May 31, 2003. Vans CEO Gary Schoenfeld described the move as “an effort to reduce fixed costs”…

Nike and Hurley Matching Up Nicely

March 12, 2003 SGB Executive SGB Update

Nike and Hurley International stunned the action-sports industry last year when the athletic shoe giant bought the relatively small but well-regarded Costa Mesa surf and skateboard clothing company. Skeptics feared the worst…

The Finish Line Promotes Four New VP’s

March 11, 2003 SGB Update

The Finish Line, Inc. Alan H. Cohen, President and Chief Executive Officer announced the promotion of four new vice presidents. Jason Prodouz has been named VP – Planning & Allocation, Todd M. Kuebel has been named VP – Inventory Management, Cindy Loren

Goody’s Ferbruary Comps Decrease 11.2%

March 6, 2003 SGB Update

Goody's Family Clothing, Inc. reported total sales for the fiscal month of February 2003 of $66.3 million, a decrease of 12.0% from total sales for the fiscal month of February 2002 (the four weeks ended March 2, 2002) of $75.3 million…

Ross Stores Feb Comps Fall 3.0%

March 6, 2003 SGB Update

Ross Stores, Inc. reported sales of $243 million for the four weeks ended March 1, 2003, a 7% increase above the $227 million for the four weeks ended March 2, 2002. Comparable store sales for the four week period fell 3% compared to a 13% increase in sam

Payless February Same-Store Sales Inch Up 0.4%

March 6, 2003 SGB Update

Payless ShoeSource, Inc. reported that same-store sales decreased 0.6% during the February reporting period, the four weeks ended March 1, 2003. Company sales totaled $175.3 million, a 0.4% increase from $174.6 million during fiscal February of last year

May Company February Comps Decrease 8.9%

March 6, 2003 SGB Update

The May Department Stores Company reported preliminary net sales of $846 million for the four-week period ended March 1, 2003, a 7.5% decrease from $914 million in the similar four-week period last year. Store-for-store sales decreased 8.9%…

Federated February Same-Store Sales Down 6.8%

March 6, 2003 SGB Update

Federated Department Stores, Inc. reported total sales of $985 million for the four weeks ended March 1, 2003. This represents a decrease of 6.0% from total sales of $1.048 billion for the same period last year. On a same-store basis, Federated's Fe

Value City February Comps Decrease 12.1%

March 6, 2003 SGB Update

Value City Department Stores, Inc. announced total sales for the four weeks ended March 1, 2003, decreased 7.2% to $145.0 million from $156.2 million for the four weeks ended March 2, 2002. The company's same store sales decreased 12.1% for the four

Benneton Unloads Rollerblade Unit to Tecnica

March 6, 2003 SGB Update

Benetton Group has signed a preliminary binding agreement for the divestiture of its Rollerblade business to Prime Newco, a company of the Tecnica Group, and recent acquirer of the Nordica business…

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