Brown Shoe Company announced dramatically higher earnings for fiscal 2002 as a direct result of management’s turnaround initiatives. With the effects of nonrecurring gains and nonrecurring losses factored out, the company's earnings rose 56% for the
Category: Outdoor
Creditor Takes Lead in Cannondale Bid…
Cannondale’s creditors weren’t happy with bankruptcy proceedings on Friday that saw the appointment of one the company’s largest creditors, Pegasus Partners II, as the “stalking horse” in auction proceedings scheduled for March 20, 2003 Company assets…
Deckers Positions Brands for Growth
DECK shares were off 5.3% for the week to close at $4.60 on Friday even as the company surpassed analyst’s earnings estimates. Net earnings for the quarter nearly tripled to $1.36 million, compared to $506,000 in the previous year's quarter…
Brown Shoe Canada Names Gilbertson President
Brown Shoe Company, Inc. announced the promotion of Kenneth W. Gilbertson to President of Brown Shoe Canada, its Canadian-based subsidiary…
Former Venator CEO Joins Gadzooks Board
Gadzooks, Inc. announced that Carol Greer, President of the Carol Greer Associates retail consulting firm, has joined its Board of Directors, increasing its number of Directors to seven…
LaCrosse Footwear Narrows 2002 Loss; Posts Q4 Profit
LaCrosse Footwear, Inc. 2002 net sales declined to $97.8 million from $125.3 million in 2001. The full year 2002 net loss was $5.1 million, or a net loss of $0.87 per share, compared to a net loss of $7.9 million, or a net loss of $1.35 per share, in 200
Mossimo 2002 Earnings Up 24% on 19% Revenue Rise
Mossimo, Inc. reported fiscal 2002 revenue increased 19.3% to $19.9 million compared to $16.7 million in fiscal 2001. The Company reported fiscal 2002 earnings before benefit for income taxes of $7.3 million, or $0.46 per diluted share, compared to earnin
Deckers 2002 Earnings Flat on 8.0% Sales Gain
Deckers reported 2002 net sales increased 8% to $99.1 million versus $91.5 million in the same period last year. Net earnings before cumulative effect of accounting change for the year ended December 31, 2002 were $1,620,000, or $0.17 per diluted share,
Famous Footwear Helps Brown Shoe Achieve Record Profits
Brown Shoe Company, Inc. reported net sales for 2002 rose 4.9% to $1.8 billion. Net income for fiscal 2002 was $45.2 million, or $2.52 per diluted share, compared with a net loss of $3,962,000, or 23 cents per diluted share, in fiscal 2001. Fiscal 2002
West Marine February Comps Drop 13.9%
West Marine, Inc. reported that net sales for the four weeks ended Feb. 22, 2003 were $31.1 million, a 12.6% increase from net sales of $27.6 million for the same period a year ago. Comparable store net sales for the four weeks ended Feb. 22, 2003 decreas
Pacific Sunwear Increases 2003 Store Opening Plans
Pacific Sunwear of California, Inc. announced that it is increasing its store opening plans to 75 net new stores for fiscal 2003, which includes at least 10 net new d.e.m.o. stores…
Court Approves Kmart Disclosure Statement
Kmart Corporation announced Wednesday that the U.S. Bankruptcy Court for the Northern District of Illinois has approved the Disclosure Statement filed in connection with the Company's First Amended Joint Plan of Reorganization…
SportsLine.Com To Produce Official NCAA Site; Dumps Gambling Sites
SportsLine.com has carved out a deal to produce the website for all of the National Collegiate Athletic Association's championship events, starting with the men's basketball tourney next month. But the deal, which runs until 2006, means that th
Kratowicz Named ShopKo Division VP
ShopKo Stores, Inc. announced the promotion of James Kratowicz to vice president of pricing, consumer information resources and e-commerce for the company's ShopKo division…
REI 2002 Net Income Surges 112% on Total Sales Decline
Recreational Equipment, Inc.(REI)declared a $38.7 million patronage refund to its active members on 2002 sales of $735 million. The cooperative also announced that, based on the 2002 results, its corporate giving commitment will increase by 80% to $1.8 mi