Nordstrom Q3 Earnings Jump 147% on 5.0% Comp Gain

Nordstrom, Inc. reported net earnings increased 147% to $45.5 million, or 33 cents per diluted share, for the third quarter of 2003 ended November 1, 2003, compared to net earnings of $18.4 million, or 14 cents per diluted share, for the year-ago period.

Next, Inc. Addresses of Securities Fraud Charges

Responding to questions about potential federal securities fraud charges against its CEO, Next, Inc. issued a release Thursday that no one associated with the alleged charges had been served with an “official copy of the complaint”. The company was react

Mossimo Reportedly Cuts Design Staff

Media sources are reporting that Mossimo Inc. laid off four of its clothing design staff Thursday, according reports from the company's Canadian retail partner. The affected staff is reportedly is comprised of “most of the team in charge of designin

Reda Sports Shuts Down with No Explanantion…

Reda Sports Inc. shuttered its doors on Friday with no explanation and is revealing little about the future of the sporting goods distributorship or its Kappa, Patrick, uhlsport, and Lanzera brands. In a conversation with a local newspaper, CEO Scott Red

Skecher Signs Swimwear Licensee

Skechers USA, Inc. announced that Christina America, Inc. has been named the licensee for Skechers-branded women's and junior swimwear in the United States and select international markets including Canada and the United Kingdom…

Burlington CEO Speaks Out On China Safeguards

Wilbur L. Ross, Chairman of Burlington Industries said, “We are delighted with the Administration's decision regarding the China safeguards. The textile and apparel industries have been hurt severely by inappropriate behavior on the part of China and

Boeri Refutes Consumer Report’s Findings

In the December 2003 issue of Consumer Reports Magazine an article was published titled “Safety on the Slopes”. In this article several ski helmets were tested and evaluated by the staff at Consumer Reports. One of the tested models was the Boeri Axis Rag

SmartWool Signs Partnership Agreement With Vail

SmartWool is pleased to announce a multi-year partnership with Vail Resorts, designating SmartWool as the “Official Sock” for many of the top ski areas in the country: Vail, Beaver Creek, Breckenridge Resort, Keystone and Heavenly Ski Resort…

Airwalk Foreclosure Plan Stymied at 11th Hour…

Airwalk International’s parent company, Sunrise Capital Partners, almost made it to the finish line in their bid to buy the troubled company out of foreclosure on Friday, but they were stymied at the eleventh hour by a group of Asian factories and an agen