Brown Shoe Raises 2002 Estimates…
Brown Shoe raised its Fiscal 2002 guidance to $2.48 to $2.50 EPS, up from its previous estimates of $2.35 to $2.40 EPS. The increased guidance is a result of better-than-anticipated January margins, higher wholesale shipments, and the completion of sever
Merrell Paves the Way for WWW…
Merrell is now Wolverine’s leading profit-producing brand, growing over sevenfold since WWW acquired the brand five years ago…
THC Kills Rollerblade Deal…
The Hockey Company reported late Friday that the company has terminated discussions with Benetton Group SpA regarding THC’s acquisition of Rollerblade…
TBL Easily Beats Analyst Estimates…
Timberland reported 2002 year-end and Q4 sales and earnings last week, handily beating analyst’s estimates and sending TBL shares up 11.8% for the week to close at $34.59 on Friday…
Gart Sports and The Sports Authority Announce Merger…
Well, the time for chasing rumors is now through, and the landscape for the Sporting Goods Industry in the U.S. will be changed forever. After many years of attempting to establish itself as a national entity, The Sports Authority will finally achieve th
Cannondale Gets New Life – For Now…
Cannondale filed for Chapter 11 bankruptcy protection in U.S. Court last week, pointing to losses in its motor- sports division that inhibited the company's ability to make future investments…
Dallas Apparel Mart is Closing…
The venerable Dallas International Apparel Mart, the 40-year old national institution that once bustled with energy and acted as a driver for many apparel businesses, is set to close next year…
CEO Gets Option to Buy Back Malden…
Malden Mills struck a preliminary deal with its major creditors that will allow it to emerge from bankruptcy protection this spring. The plan of reorganization will include an exclusive option in favor of president & CEO Aaron Feuerstein to purchase the
Russell Out at Frisby…
Frisby Technologies announced the “termination” of company president & COO Duncan Russell…
Columbia Sees U.S. Business Shrink…
Columbia Sportswear saw its share price drop 16.4% for the week even as the company outpaced both earning and sales estimates for the fourth quarter. However, analysts were disappointed with company estimates for full year 2003…
Sport Supply Group Announces Improved Results for Quarter
Sports Supply saw revenues for the fiscal third quarter rise 8.7% to $18.5 million. The net loss for the quarter ending Dec. 27, 2002 narrowed to $2.4 million compared to a $3.7 million loss for the year ago period. Gross profit decreased 100 bps to 27.
Sport Supply Group Announces Improved Results for Quarter
Sports Supply saw revenues for the fiscal third quarter rise 8.7% to $18.5 million. The net loss for the quarter ending Dec. 27, 2002 narrowed to $2.4 million compared to a $3.7 million loss for the year ago period. Gross profit decreased 100 bps to 27.
Sports Authority Shares Drop on Warning…
Sports Authority shares fell almost 17% for the week, closing at $5.59 on Friday. The drop was due to a company report that earnings from operations in the fourth quarter would come in at 46 cents to 49 cents a share, well below its previous expectations
Sport Chalet Bucks Trend, Posts Gain…
Sport Chalet saw a turnaround in comp store sales in their fiscal Q3 ending Dec. 31, 2002, posting a 2.2% same-store sales gain in a very tough retail quarter. SPCH had reported a 2.3% decline in comps in their Q2…
Foot Locker Signaling a Succession Plan…
Foot Locker announced that Rick Mina has been promoted to a newly created position of President and CEO of Foot Locker, Inc., U.S.A. He will report to Matt Serra, Foot Locker, Inc.'s President and CEO. Mina will be responsible for the company'