Galyan’s Q1 Comps Down 6.3%; Issues EPS Warning
Galyan's Trading Company, Inc. reported net net sales for the first quarter were $129.6 million, representing a 14.2 percent increase over the same period last year. Comparable store sales for the first quarter declined 6.3%. Increased comparable sto
GBMI Appoints National Sales Manager for Dry-shoD
Global Brand Marketing, Inc., owner of Pony International and Dry-ShoD, and global footwear licensee for Diesel, XOXO, Nautica and Mecca, has named Thomas Anzures as National Sales Manager for Dry-shoD. Mr. Anzures will be responsible for all US sales and
U.S. Signs Apparel Quota Agreement with Vietnam
Retailers cheered and the textile sector groaned after the United States signed an apparel agreement with Vietnam giving a generous package of clothing quotas to the country that was the site of one of the U.S. military's most humiliating retreats
Nicklaus Sues Wilson Over Name Use
In the golf world, if you don't have Nicklaus, you can't have JACK. That's the argument of Jack Nicklaus and his golf-products companies, which are suing Wilson Sporting Goods in federal court in Columbus, OH.
Wilson, the suit conten
Retailers Report Slumping March Sales
Fixated on news coverage of the war in Iraq and worried about their jobs, shoppers stayed away from the malls in March, giving the nation's retailers another month of disappointing sales. Unseasonably cool weather in parts of the country and a late E
Costco March Same-Store Sales Up 8.0%
Costco Wholesale Corporation reported net sales of $3.88 billion for the five weeks ended April 6, 2003, an increase of 12% from $3.46 billion in the same five-week period of the prior fiscal year…
Regional Sporting Goods Retailers Find Niches
Reading a lot these days about physical fitness and health concerns? The sporting goods industry watches fitness levels, activities and trends, too — all with an eye on its own financial health. Sporting equipment is a $65 billion industry at the wh
As Sales Slip in U.S., Foot Locker Looks to Europe…
With Foot Locker CEO Matt Serra stating that “BOGO’s are getting tired” and “we're missing some product there” when talking about the loss of Nike allocations and reduced orders, the company was left focusing on a building on Europe and re-building U
The TSA / Gart Merger is Looking Better Every Day — Except for Apparel Brands…
The Sports Authority reported net income climbed to $52.9 million, or $1.56 a share, for the quarter ended February 1, 2003, but the increase came primarily from deferred tax credits the company was able to take after sustaining three years of profitabili
Columbia Builds on Top of Pyramid…
Columbia Sportswear is taking steps to ensure future growth at the top end of the brand pyramid as it sees increasing competition from its own retail partners and their growing concentration on private label…
Nike and Hurley Matching Up Nicely
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…
Finish Line Takes Full Advantage of Nike Shift…
The regional managers we spoke with last week were nearly giddy with the way business has grown since the Nike / Foot Locker spat delivered unto The Finish Line key Nike marquee product that until this last quarter resided mainly at its mall competitor’s
Weather Slows Gart Growth…
Gart Sports sees a near-term hit to earnings from its pending merger with The Sports Authority, but the deal may help smooth out the moguls it encountered in its fiscal 2002 fourth quarter sales…
U.S. Team Keeps Fila Dream Alive…
The U.S. Fila team was obviously still driving to the hoop in 2002, even as the European business fell to pieces. Fila Holding posted its first yearly operating profit in recent memory on the backs of a strengthening U.S. business and the conversion of t
Genesco Loses Out on Athletic Opp…
An over-reliance on softening some casual brands and the lack of a key athletic footwear component conspired to rob Genesco of the growth opportunity other retailers are experiencing in the mall. With athletic footwear now representing 28% of the Journey
