Sport Supply Group Q2 Earnings Fall as Sales Dip 3.0%
Sport Supply Group announced net income before cumulative effect of accounting change for the quarter ended June 2003 fell 45.2% to $115,000 compared to $210,000 for the quarter ended June 2002. Net sales for the quarter dipped 3.0% to $26.0 million. In
Galyan’s Complete Lease-Buyback for Three More Stores
Galyan's Trading Company, Inc. announced on Tuesday the completion of a sale-leaseback transaction for three stores with an investment trust of W.P. Carey & Co. LLC, bringing the total properties the Company leases through the Carey Group to eight. A
Sun Ice Withdraws Acquisition Plan
Sun Ice Limited and the company set up to take it private have jointly announced that the plan to execute the transaction has been withdrawn. The purchasing company was set up as a holding company wholly-owned by Sylvia Rempel, the President, CEO and Cha
TJX Q2 Net Income Off 4.9% on 2.0% Comp Store Gain
The TJX Companies, Inc. announced net sales for the fiscal second quarter were $3.0 billion, a 10% increase over last year, with consolidated comparable store sales increasing 2%. Net income was $123 million and diluted earnings per share were $.24, which
Former CGA Board Members Respond To New Climbing Gym Challenges…
A woman died last month in Missouri after a fall from a portable climbing wall. The accident, seen as the first fatality in the history of the climbing gyms in the U.S., occurred during a changing of the guard within the industry, during a time when a nu
Pacific Sunwear Q2 Net Income Jumps 84%; Sales Up 23%
Pacific Sunwear saw net income for the second quarter of fiscal 2003 increase 84% to $13.4 million, or $.26 per share, basic and diluted, over net income of $7.3 million, or $.15 per share, basic and diluted, for the second quarter of fiscal 2002. Sales
Top-Flite Can Use Cash for Lawyers…
Top-Flite Golf Co. received bankruptcy court permission last week to use cash that is collateral for secured debt to fund its Chapter 11 restructuring. The company’s unsecured creditors has challenged the company’s move to use the collateral, contending
Gildan Builds More Share in Fiscal Q3…
Gildan Activewear reported net sales for its fiscal third quarter benefited from the inclusion of an extra week in the reporting period. Sales were up 4.2% to C$204.0 million ($142.1 million) compared to C$195.7 million ($125.1 million) in the year-ago q
NIKE Declares Dividend
On August 11, 2003, the Board of Directors of NIKE, Inc. declared a cash dividend of fourteen cents ($0.14) per share on its outstanding Class A Common Stock and Class B Common Stock payable October 1, 2003, to shareholders of record at the close of busin
Build It And They Will Come
We all remember the day when every suburban kid was walking to class wearing a Mountain-light Jacket. It was a $300 2-ply Gore-Tex fashion statement, and the outdoor specialty shops couldn’t order them fast enough. I remember re-stocking North Face Jack
Nike Opens Golf RandD Center; June Retail Sales Double
Nike Golf unveils its first full-service and dedicated research & design facility for the development of performance golf clubs and the testing of both golf clubs and golf balls in Fort Worth, Texas. The company alos revealedits latest retail golf sales
ShopKo Stores July Comps Decrease 2.1%
ShopKo Stores, Inc. reported consolidated sales for the four weeks ended August 2, 2003 decreased 2.4% to $224.6 million from $230.2 million during the same period last year. Consolidated comparable store sales decreased 2.1%…
Gottschalks July Comps Inch Up 0.1%
Gottschalks announced that July 2003 same store sales increased 0.1% from the prior year. Total sales decreased 2.8% to $42.0 million from $43.2 million in July 2002…
The Buckle Sees July Comps Decline 2.5%
The Buckle, Inc. announced that sales for the four-week period ended August 2, 2003 increased 1.1% to $32.2 million from sales of $31.9 million in the corresponding four-week period ended August 3, 2002. Comparable store sales declined 2.5%…
Prince Appoints New CFO
Prince Sports, Inc. announced the appointment of Dave Evins as Executive Vice President and Chief Financial Officer, reporting directly to George Napier, CEO. In addition to being a key part of the senior management team, Evins' scope of responsibili
