SGB Executive

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

Stage Stores Q1 Net Income Down 24.7%; Sales Down 4.2%

Stage Stores, Inc. announced that net income for the first quarter ended May 3, 2003 was $13.4 million, or $0.69 per diluted share, compared to $17.8 million, or $0.82 per diluted share, for the prior year first quarter ended May 4, 2002. Total sales for

Gart Q1 Results Benefit from Settlement Gains; Sales Down 6.8%

Gart Sports Company reported total sales for quarter ended May 3, 2003 decreased 6.8% to $228.4 million compared with $245.0 million in the year-ago quarter. Comps decreased 8.8% from last year. Net income increased to $4.2 million, or $0.34 per fully d

O’Neill Hits the Surfer Girl Wave

O'Neill Clothing President Kelly Gibson announced that the brand will add swimwear and girls 7-14 categories to their juniors line as it continues an explosive pattern of growth.
The company reported that junior sales were up 44% in the first quarter

Other Suitors Enter Elder-Beerman Bidding

EB Acquisition Ltd. sent a letter Wednesday to Steven Mason, the Chairman of the Board of Directors of The Elder- Beerman Stores Corp., expressing an interest in acquiring Elder-Beerman pursuant to an all-cash offer that would represent a premium to the c