Sports Authority Q1 Net income Shrinks as Sales Dip 4.0%
The Sports Authority, Inc. reported net income of $0.5 million or $0.01 per diluted share for the first quarter ended May 3, 2003, versus $1.7 million or $0.05 per diluted share for the first quarter of the prior year. Sales for the first quarter were $3
Icon Prevails in Nautilus Suit Over Crossbow
The United States District Court for the Western District of Washington sided with ICON on Wednesday in all matters before it, denying Nautilus' request for an injunction against ICON in continuing to sell the CROSSBOW and further ruling the CROSSBOW
Oakley and Luxottica Group Settle Litigation
Oakley, Inc. has settled two previously announced patent and intellectual property lawsuits pending against Luxottica Group S.p.A. and its subsidiaries. Neither party admitted to any wrongdoing in either case, and all claims and counterclaims were releas
Reebok Issues LeBron James Concession Speech
The following statement was released by Reebok mid-day Thursday after high school basketball phenom LeBron James signed an endorsement deal with Nike late Wednesday night:
While we believe LeBron James would have been a tremendous asset to
Kmart Promotes Dillon to VP/GMM Over Sporting Goods andToys
Kmart Management Corporation announced the promotions of Robert Atteberry and Joyce Dillon to Vice President and General Merchandise Manager, effective immediately. Dillon will oversee all merchandising functions for electronics, toys, sporting goods, se
Dick’s Sees Net Income Surge 41% on Higher GM; Comps Off 0.9%
Dick's Sporting Goods, Inc. net income for the first quarter increased 41% to $6.7 million, and increased 17% to $0.28 per diluted share, when compared to Q1 2002. On a pro-forma basis, net incomes was up 37% and EPS was up 27% due to the increased
Hibbett Q1 Net Income Jumps 24.6% as Comps Rise 4.5%
Hibbett Sporting Goods saw net sales for the first quarter increase 12.4% to $79.6 million, compared with $70.8 million for the year-ago quarter. Comps rose 4.5%.
Net income for the first quarter increased 24.6% to $5.3 million
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
