Coastcast 2002 Loss Expands 352% as Sales Drop 46%
Coastcast Corporation reported sales for the year ended December 31, 2002 were $62.4 million vs. $115.5 million in 2001. The 2002 net loss was $10.4 million vs. a loss of $2.3 million in the prior year. Diluted loss per share was ($1.36) vs. ($0.30).
PacSun February Comps Grow 14.8%
Pacific Sunwear of California Inc. reported that same store sales increased 14.8% for the comparable four-week period ended March 1, 2003 with PacSun same store sales up 10% and d.e.m.o. same store sales up 49%…
Mountain Equipment Co-op Launches OutdoorGearSwap.com
Mountain Equipment Co-op (MEC), Canada's leading supplier of outdoor gear, just launched a full-featured on-line gearswap called OutdoorGearSwap.com…
Nike Rounds Up Support in Free Speech Fight
The Bush Administration, the ACLU, the AFL-CIO, European entities, and dozens of media organizations have joined forces in urging the U.S. Supreme Court to reaffirm the First Amendment right to free and open debate and to overturn an unprecedented Califor
Puma Grows U.S. Business 70% in Q4…
Puma shares rose just 1.3% for the week after another extraordinary report on fourth quarter and full-year 2002 sales and profits. The limited rise in price was due no doubt to the fact that the stock rose 91% last year and the benefit this last week was
Nike Renews Monitoring Group Deal…
Nike’s plan to renew its funding for a group that is charged with monitoring its factory policies and conditions raises a number of questions about how independent – and effective – such groups can be in their pursuit of fair treatment for millions of fac
Brown Shoe Sees IMPACT of Initiatives…
Brown Shoe Company announced dramatically higher earnings for fiscal 2002 as a direct result of management’s turnaround initiatives. With the effects of nonrecurring gains and nonrecurring losses factored out, the company's earnings rose 56% for the
Creditor Takes Lead in Cannondale Bid…
Cannondale’s creditors weren’t happy with bankruptcy proceedings on Friday that saw the appointment of one the company’s largest creditors, Pegasus Partners II, as the “stalking horse” in auction proceedings scheduled for March 20, 2003 Company assets…
Deckers Positions Brands for Growth
DECK shares were off 5.3% for the week to close at $4.60 on Friday even as the company surpassed analyst’s earnings estimates. Net earnings for the quarter nearly tripled to $1.36 million, compared to $506,000 in the previous year's quarter…
Buffett Walks on Burlington Deal…
Berkshire Hathaway, Inc. has cancelled its $579 million cash offer to acquire Burlington Industries, Inc. out of bankruptcy court. The deal, initially announced February 11, 2003, was terminated by Warren Buffett’s BRK after a Delaware bankruptcy judge b
Escalade To Buy Back Stock…
Escalade, Inc. will purchase of up to $3 million of its common stock on the open market or through privately negotiated transactions. ESCA’s Board of Directors authorized the buy-back at the company’s quarterly meeting…
LaCrosse Footwear Narrows 2002 Loss; Posts Q4 Profit
LaCrosse Footwear, Inc. 2002 net sales declined to $97.8 million from $125.3 million in 2001. The full year 2002 net loss was $5.1 million, or a net loss of $0.87 per share, compared to a net loss of $7.9 million, or a net loss of $1.35 per share, in 200
Mossimo 2002 Earnings Up 24% on 19% Revenue Rise
Mossimo, Inc. reported fiscal 2002 revenue increased 19.3% to $19.9 million compared to $16.7 million in fiscal 2001. The Company reported fiscal 2002 earnings before benefit for income taxes of $7.3 million, or $0.46 per diluted share, compared to earnin
Deckers 2002 Earnings Flat on 8.0% Sales Gain
Deckers reported 2002 net sales increased 8% to $99.1 million versus $91.5 million in the same period last year. Net earnings before cumulative effect of accounting change for the year ended December 31, 2002 were $1,620,000, or $0.17 per diluted share,
Brown Shoe Canada Names Gilbertson President
Brown Shoe Company, Inc. announced the promotion of Kenneth W. Gilbertson to President of Brown Shoe Canada, its Canadian-based subsidiary…
