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…
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
Footwear Numbers Reveal a Tough H1 — No Matter How You Look at Them…
In an attempt to be “fair and balanced”, we thought it would be interesting to look at the footwear results for the first 6 months from 4 different perspectives: the financial results of major public footwear retailers, SportsScanINFO data, NPD data and
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
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
Lotto Sees Some Control Changes …and Pulls Out of Burma
The 50% shareholder of Lotto SpA stock, Enerlux S.A., has seen 45% of their shares transferred from Roberto Danieli to Andrea Tomat, Adriano Sartor and Gianni Lorenzato, who together already had a 55% control over the company…In other news, Lotto is pul
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
Foot Locker Q2 Net Income Up 14% Despite 4.4% Comp Store Decline
Foot Locker, Inc. reported that second quarter income from continuing operations increased 14% to $0.25 per share, or $37 million, from $0.22 per share, or $33 million last year. For the 13-week second quarter period, sales increased 3.5% to $1,123 millio
CGPR Celebrates First Decade
CGPR is celebrating a decade of solid growth this August. In addition to reaching this 10 year milestone, CGPR added 7 new clients to its roster in the last 6 months. CGPR will mark the anniversary this week at the 2003 Outdoor Retailer Summer Market…
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
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
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
Ross Stores Q2 Net Earnings Up 10% on Flat Comps
Ross Stores, Inc. reported that net earnings for the fiscal second quarter period were $54.6 million, or 70 cents per share, compared to $49.7 million, or 62 cents per share, for the year-ago quarter. Current year second quarter sales rose 10% to $966 mi
D’Aloia Named President and COO of Huffy Corp.
Huffy Corporation announced Wednesday that the Board of Directors has elected Paul R. D'Aloia to the position of President and Chief Operating Officer of the Corporation. D'Aloia was most recently President and General Manager of the Huffy Spor
Shoe Carnival Q2 Net Income Falls 57% on 3.0% Comp Store Decline
Shoe Carnival, Inc. announced net income for the second quarter of fiscal 2003 was $1.5 million, or $0.12 per diluted share, compared with net income of $3.6 million, or $0.27 per diluted share, in the second quarter of fiscal 2002. Net sales increased 7
