Galyan’s Profits Up on Weak Comps…
Galyan’s, like so many others in our space, had strong profits on weak sales in the fourth quarter ended February 1, 2003. And like so many other retailers — given the economy and world events — they were unable to give sales guidance for the first qua
…As SVP’s Exit in Cost-Cutting Move
Vans announced that Art Carver, SVP of Global Operations, and Bob Nagel, SVP of Sales and Apparel, are leaving the company as of May 31, 2003. Vans CEO Gary Schoenfeld described the move as “an effort to reduce fixed costs”…
Sports Authority Rides Tax Benefit to Surging Q4 Profits as Comps Dip 4.7%
The Sports Authority, Inc. reported that for the fourth quarter ended February 1, 2003, net income amounted to $52.9 million or $1.56 per diluted share versus $15.6 million or $0.47 per diluted share for the comparable period last year. Sales for the fou
Wolverine Signs New Sock License Deal
Wolverine World Wide, Inc. has entered into a new licensing agreement with Iris Hosiery, Inc. of Montreal, Canada, to market Wolverine brand socks in North America…
Nike and Hurley Matching Up Nicely
Nike and Hurley International stunned the action-sports industry last year when the athletic shoe giant bought the relatively small but well-regarded Costa Mesa surf and skateboard clothing company. Skeptics feared the worst…
Hibbett Fiscal Year Net Income Jumps 27.5% on 3.9% Comp Gain
Hibbett Sporting Goods, Inc. reported net sales for fiscal year 2003 ended February 1, 2003 increased 15.8% to $279.2 million. Comparable store sales increased 3.9% in fiscal 2003. Net income for the year increased 27.5% to $14.7 million compared with $1
The Finish Line Promotes Four New VP’s
The Finish Line, Inc. Alan H. Cohen, President and Chief Executive Officer announced the promotion of four new vice presidents. Jason Prodouz has been named VP – Planning & Allocation, Todd M. Kuebel has been named VP – Inventory Management, Cindy Loren
Rumors Over, The Fila Sale Finally Happens…
The deal was announced Friday that would see the sale of all Fila Holding S.p.A operating businesses to Sport Brands International LLC, an affiliate of Cerberus Capital Partners, LP…
Goody’s Ferbruary Comps Decrease 11.2%
Goody's Family Clothing, Inc. reported total sales for the fiscal month of February 2003 of $66.3 million, a decrease of 12.0% from total sales for the fiscal month of February 2002 (the four weeks ended March 2, 2002) of $75.3 million…
Ross Stores Feb Comps Fall 3.0%
Ross Stores, Inc. reported sales of $243 million for the four weeks ended March 1, 2003, a 7% increase above the $227 million for the four weeks ended March 2, 2002. Comparable store sales for the four week period fell 3% compared to a 13% increase in sam
Payless February Same-Store Sales Inch Up 0.4%
Payless ShoeSource, Inc. reported that same-store sales decreased 0.6% during the February reporting period, the four weeks ended March 1, 2003. Company sales totaled $175.3 million, a 0.4% increase from $174.6 million during fiscal February of last year
May Company February Comps Decrease 8.9%
The May Department Stores Company reported preliminary net sales of $846 million for the four-week period ended March 1, 2003, a 7.5% decrease from $914 million in the similar four-week period last year. Store-for-store sales decreased 8.9%…
Federated February Same-Store Sales Down 6.8%
Federated Department Stores, Inc. reported total sales of $985 million for the four weeks ended March 1, 2003. This represents a decrease of 6.0% from total sales of $1.048 billion for the same period last year. On a same-store basis, Federated's Fe
Value City February Comps Decrease 12.1%
Value City Department Stores, Inc. announced total sales for the four weeks ended March 1, 2003, decreased 7.2% to $145.0 million from $156.2 million for the four weeks ended March 2, 2002. The company's same store sales decreased 12.1% for the four
Benneton Unloads Rollerblade Unit to Tecnica
Benetton Group has signed a preliminary binding agreement for the divestiture of its Rollerblade business to Prime Newco, a company of the Tecnica Group, and recent acquirer of the Nordica business…
