VF Corp. Makes Moves to Push Outdoor Business Forward…
Mike Egeck, currently President of The North Face, has been named President of Outdoor – North America for VF Corporation. Egeck will continue to have responsibility for The North Face brand and will add responsibility for the JanSport and Eastpak brands
NSGA Projects 2% Growth for Industry…
In the soon to be released report, The Sporting Goods Market in 2004, the NSGA is expecting 2% growth in the industry for 2004. Sporting goods sales, which have been relatively flat for the past three years, are projected to reach $46.6 billion, compared
Johnson Family Extends $18 Per Share Offer
Johnson Outdoors announced that Helen Johnson-Leipold, Chairman and Chief Executive Officer, and Samuel C. Johnson, majority shareholder and director of Johnson Outdoors, are extending their non-binding proposal to acquire the outstanding public shares of
Egeck Named President of Outdoor – North America at VF
VF Corporation announced changes in leadership designed to support the continued growth and expansion in its Outdoor Coalition. Mike Egeck, currently President of The North Face, has been named President of Outdoor – North America. In his new role, Egeck
Hibbett Q1 Net Income Jumps 53.4% on 8.8% Comp Sales Gain
Hibbett Sporting Goods reported that net sales for the first quarter ended May 1, 2004 increased 21.3% to $96.5 million compared with $79.6 million for the year-ago period. Comparable store sales increased 8.8%. Net income increased 53.4% to $8.1 millio
Torpedo Sports to Liquidate Subsidiary
Torpedo Sports USA, Inc. has evaluated the future business prospects for its children's snow products and related business conducted by its wholly owned subsidiary, Torpedo Sports, Inc. of Canada, as previously announced on February 4, 2004. Followi
Big Dog Holdings Q1 Loss Widens on Acquisition Expenses
Big Dog Holdings, Inc. reported consolidated net sales for the first quarter ended March 31, 2004 were $21.9 million as compared with $15.4 million in the first quarter 2003. Consolidated retail store sales increased 43% due to the addition of $5.3 millio
The Finish Line Issues Statement After Foot Locker CEO Makes Charge
The Finish Line, Inc. issued a press release late Thursday in response to comments made by Foot Locker chairman and CEO Matt Serra on a conference call with analysts following FL's Q1 earnings release. Finish Line said they issued the statement due
Buck Knives Announces Early June Groundbreaking for New Facility
Executives of Buck Knives Inc. signed documents to commence construction on their new headquarters in Post Falls, Idaho, marking the first step toward moving their manufacturing facility from it's current home in El Cajon, CA. A staggered transition
Stage Stores Net Income Climbs 41%
Stage Stores reported that net income for the first quarter, 2004 increased 41.0% to $18.9 million from $13.4 million for the prior year first quarter. Due to the higher number of diluted shares outstanding in this year's first quarter versus last ye
Gander Mountain Q1 Comps Up 8.7%; Loss Widens
Gander Mountain Company reported total sales for the first quarter of fiscal 2004 increased 42%, or $29.3 million, to $98.7 million. Comparable store sales increased 8.7%. The net loss for the quarter was $13.6 million compared with a net loss of $11.2 mi
Brown Shoe Sees Q1 Earnings Decline on Bass License Costs
Brown Shoe reported that net earnings in the fiscal first quarter declined 4.8% to $8.6 million for the quarter, or 45 cents per diluted share, versus net earnings of $9.0 million, or 49 cents per diluted share, in the first quarter of 2003. Excluding a
Collegiate Pacific Retires Debt
Collegiate Pacific announced that due to increased cash flows and continuing conversion of its outstanding warrants, it has now paid in full its outstanding commercial bank line. Michael Blumenfeld, CEO, said that the company is now in a position to pursu
Footstar Sells Off Balance of Shoe Zone Stores
Footstar, Inc. has entered into an agreement for the sale of its 27 Shoe Zone stores in Puerto Rico to Novus, Inc. for $5.5 million in cash, subject to closing adjustments and conditions including approval of the Bankruptcy Court. The agreement continues
Dick’s SG Q1 Net Income Jumps 64%; Comps Rise 4.6%
Dick's Sporting Goods, Inc. reported net income for the first quarter ended May 1, 2004 increased 64% to $10.9 million and earnings per share increased 50% to 21 cents per diluted share as compared to net income of $6.7 million and earnings per share
