Environmental Awareness is Working its Way Into Manufacturing…
The International Organization of Standardization has granted Grivel “14001 certification” for sustainable development…PrAna is joining Patagonia and MEC as the only 3 outdoor clothing manufacturers who use organic cotton…On top of these developments,
Specialty Quick Hits…
Raliegh Bicycles is gearing up for a move into the higher-end component and bicycle market; SRAM and RockShox have expanded their “BlackBox” Product Development to include BlackBoxRacing.com; Jet Boil made a stir at the OR show; Aaron Feuerstein is still
Honest, It Was the Neoprene Fumes…
Federal securities regulators have settled fraud charges with the former president of Orange County, CA-based Freedom Surf, Inc. and Cyrus Industries. Raece Richardson, an Australian citizen that ran both companies, agreed to pay $175,000 in penalties to
Oakley Will Not Get Restraining Order…
Oakley and The Hockey Company have been wrapped up a court dispute over the Jofa “Image” protective hockey visor. Oakley filed suit against THC on July 31st and applied for a temporary restraining order. The request was denied.
Oakley claims that the
Famous Footwear Set to Pay Dividends…
Brown Shoe Co. will continue to invest heavily in the turnaround at Famous Footwear. While traffic and sales were sluggish at the company’s family footwear unit, operating profits jumped more than 88% for second quarter as gross margin improved 200 basis
Hibbett Has License to Kill (the Competiton)…
Hibbett Sporting Goods bested analysts’ second quarter earnings estimates by a penny and then went on to tell the market that business is starting to get better.
HIBB said it expects third quarter earnings per share of about 24 cents to 26 cents, up 14.2
Dick’s Sees Share Increase Impact EPS…
The sharp increase of the share price of DKS has led to increased exercising of employee stock options that drove total shares outstanding to an estimated 25.5 million shares for Q3, up from 23.0 million shares earlier in the year. Total year shares outs
Genesco Sees Brighter Back-to-School…
Genesco is also seeing improved traffic and sales patterns at most of its retail units. The Journeys unit did see a 1.0% decline in comp store sales for Q2 while Underground Station posted a 9.0% jump in comps for the quarter on top of a 19% gain in the
As Foot Locker Sees Positive Back-to-School Signals…
While the good news here can’t be heralded as the “Miracle on 34th Street” just yet, Foot Locker is showing signs that it is reaping some benefits from the improving overall retail picture…
Stage Stores Q2 Net Income Dips 12.5% on 3.5% Comp Store Decline
Stage Stores Inc. announced that net income for the second quarter ended Aug. 2, 2003 was $9.1 million, or $0.45 per diluted share, compared to $10.4 million, or $0.47 per diluted share, for Q2 2002. Total sales for the 13-week period increased 0.1% to $2
Goody’s Q2 Earnings Jump 465%
Goody's Family Clothing, Inc. reported net earnings of $7.1 million, or $0.21 per diluted share, for the thirteen weeks ended August 2, 2003, compared with net earnings of $1.3 million, or $0.04 per diluted share, for the year-ago period. Sales for
The Wet Seal Shuffles Executives
The Wet Seal, Inc. has appointed Allan D. Haims as President of the Wet Seal division and fashion designer Victor Alfaro as Senior Vice President, Creative Director. Susan O'Toole, the current president of the division, will take on the new role as
GolfGear Narrows Q2 Loss on Stronger Margins
GolfGear International Inc. reported net sales of $643,257 for the second quarter of 2003, a 66.6% increase over the $386,066 recorded for the same quarter last year. Gross margin for the second quarter increased from 10% to 47.2%, yielding a net loss of
Wacoal Appoints New Western Sales Director
The Wacoal Sports Science Corp. has appointed Oleg Shikverg, 32, Western Sales Director. Shikverg will expand CW-X's distribution, consumer brand awareness, and overall business in the western part of the U.S…
Black Diamond Wins Moving Mountains Award
Black Diamond has been recognized as the 2003 Moving Mountain Industry Award Winner. Well-known within the outdoor not-for-profit community, Black Diamond received the award at the Outdoor Retailer Summer Market in Salt Lake City, Utah on Friday, August 1
