Stein Mart Q1 Profits Fall 87% On 7.1% Sales Decline
Stein Mart, Inc. announced the company earned $1.5 million, or $0.04 per share, for the first quarter of 2003 compared to earnings of $11.4 million, or $0.27 per share, in the first quarter of 2002. Total sales were $330.6 million, a 7.1% decrease from t
Elder_Beerman Shrinks Q1 Net Loss on 7.2% Decline
The Elder-Beerman Stores Corp. reported a net loss of $2.5 million or $0.22 per diluted share for the first quarter ended May 3, 2003, versus a net loss of $18.6 million or $1.64 per diluted share in the same period in 2002. Net sales for the quarter dec
Phoenix Footwear to Acquire H.S. Trask
Phoenix Footwear Group, Inc. has signed a letter of intent to acquire H.S. Trask & Co., a Montana-based designer of men's casual boots and shoes. The transaction consideration consists of cash and Phoenix Footwear stock. Under the terms of the tran
Galyan’s Q1 Loss Widens as Sales Increase 14.2%
Galyan's Trading Company, Inc. reported a GAAP net loss of $2.6 million, or $0.15 per share, for the first quarter of fiscal 2003 compared with a GAAP net loss of $414,000, or $0.02 per share in the prior year's first fiscal quarter. Net sales
Foot Locker Q1 Net Income Up 2.6% on 3.5% Sales Increase
Foot Locker, Inc. reported income from continuing operations for the first quarter increased to $39 million, or $0.27 per share, compared with $38 million, or $0.26 per share, last year. Sales increased 3.5% to $1.13 bn this year compared with sales of $
Genesco Q1 Earnings Fall 60% on Slight Sales Uptick
Genesco Inc. reported net earnings of $3.3 million, or $0.15 per diluted share, for the first quarter ended May 3, 2003, compared with $8.2 million, or $0.33 per diluted share, for the first quarter last year. Net sales for the quarter were $193 million
Hilfiger Suit Wipes Out Goody’s Q1 Profit Gain
Goody's Family Clothing, Inc. reported net earnings of $1,863,000, or $0.06 per diluted share, for the 13 weeks ended May 3, 2003, compared with net earnings of $5,572,000, or $0.17 per diluted share, for the 13 weeks ended May 4, 2002. Total sales
The Bon-Ton Narrows Q1 Loss as Sales Decline 6.2%…
The Bon-Ton Stores, Inc. reported a net loss of $2.9 million, or $0.20 per share, for the first quarter of fiscal 2003 compared to a net loss of $4.4 million, or $0.29 per share, for the first quarter of fiscal 2002. First quarter comparable store sales
Stage Stores Q1 Net Income Down 24.7%; Sales Down 4.2%
Stage Stores, Inc. announced that net income for the first quarter ended May 3, 2003 was $13.4 million, or $0.69 per diluted share, compared to $17.8 million, or $0.82 per diluted share, for the prior year first quarter ended May 4, 2002. Total sales for
Gart Q1 Results Benefit from Settlement Gains; Sales Down 6.8%
Gart Sports Company reported total sales for quarter ended May 3, 2003 decreased 6.8% to $228.4 million compared with $245.0 million in the year-ago quarter. Comps decreased 8.8% from last year. Net income increased to $4.2 million, or $0.34 per fully d
O’Neill Hits the Surfer Girl Wave
O'Neill Clothing President Kelly Gibson announced that the brand will add swimwear and girls 7-14 categories to their juniors line as it continues an explosive pattern of growth.
The company reported that junior sales were up 44% in the first quarter
Other Suitors Enter Elder-Beerman Bidding
EB Acquisition Ltd. sent a letter Wednesday to Steven Mason, the Chairman of the Board of Directors of The Elder- Beerman Stores Corp., expressing an interest in acquiring Elder-Beerman pursuant to an all-cash offer that would represent a premium to the c
Wilson Appoints Golf Marketing Team
Wilson Golf & Racquet Sports announced four appointments within the newly restructured division. Mike Boylan will assume total control of premium and recreational clubs as Business Director, Golf Clubs, while Jeff Sernick will remain Business Director, G
Boyle, Galyan and Burton Inducted into Sporting Goods Hall of Fame
The Sporting Goods Industry Hall of Fame made its inductee presentations Tuesday morning at the 39th Annual NSGA Management Conference and 5th Annual Team Dealer Summit in Phoenix. Gertrude (Gert) Boyle, Chairwoman of the board of Columbia Sportswear; Ja
Nautilus Group Appeals Ruling in ICON Action
The Nautilus Group, Inc. announced that it has appealed a ruling by a U.S. District Court in which the Court denied the company's motion for a preliminary injunction and granted partial summary judgment to ICON Health and Fitness, Inc., on the issue