K2/Rawlings Vote Scheduled…
K2 Inc. has set the vote on the proposed acquisition of Rawlings Sporting Goods Inc. for March 26, 2003. The special shareholder meeting is scheduled to be held in Los Angeles, CA. Investors of record on February 24, 2003 will be eligible to participat
K-Swiss is Just Getting Started…
The acquisition of Royal Elastics and the launch of the National Geographic footwear line were disappointments in 2002, but K-Swiss expects moves made with both brands to bear fruit in the coming year. The K-Swiss Classics business will continue to fuel
… As The SEC Opens Vail Probe…
Vail Resorts, Inc. revealed that the SEC has issued a formal order of investigation with regard to how the resort tallies initiation fees for its private clubs…
Goldenberg Promoted to COO at X-Sports
X-Sports, Inc. announced that Eric M. Goldenberg has been elected Chief Operating Officer of the Company, effective immediately. Goldenberg previously was Vice President of Sales. He continues to report directly to Xavier Anguiano,
X-Sports’ President an
Vail Resorts, Inc. Reveals SEC Probe
Vail Resorts, Inc. announced that the Securities and Exchange Commission (“SEC”) has informed the Company that the SEC has issued a formal order of investigation with respect to the Company…
Benjamin Russell Will Retire From Russell Board
Russell Corporation announced that Benjamin Russell will retire as a member of its Board of Directors at the company's annual meeting in April 2003. Russell, 65, has been a member of the board since 1963…
Hibbett, Wal-Mart, Kohl’s Continue Solid Gains…
Quick – What do Hibbett and Wal-Mart have in common other than owning small-town markets?
The two, along with Costco and Kohl’s, are the ONLY retailers in the chart on the following chart that reported positive same-store sales growth for January against
Nordstrom January Comps Inch Up 0.8%; Year Comps Up 1.3%
Nordstrom, Inc. reported preliminary sales of $316.5 million for the four-week period ending February 1, 2003, an increase of 6.7% compared to sales of $296.6 million for the four-week period ending February 2, 2002. Same-store sales increased 0.8%…
ShopKo January Comps Decline 2.6%
ShopKo Stores, Inc. reported consolidated sales for the four weeks ended February 1, 2003 were $193.0 million, 2.8 percent lower than the $198.7 million reported for the same period last year. Consolidated comparable store sales declined 2.6%…
L.L. Bean to Eliminate 300 Jobs
L.L. Bean announced the second-largest round of layoffs in its 91-year history Tuesday, saying it will slash 300 jobs in the next two months despite turning a higher profit last year…
Timberland Sees Reduced 2002 Earnings; Sales Inch Up 0.6%
The Timberland Company reported results for the quarter and year ended December 31, 2002. Revenue for the fourth quarter totaled $357.0 million, 4.7% higher than the $341.1 million reported for the fourth quarter of 2001. Earnings were $27.1 million for
Famous Footwear January Comps Down 6.1%; BWS Ups 2002 Guidance
Brown Shoe Company, Inc. raised its full-year earnings guidance to $2.48 to $2.50 per share, from its previous guidance of $2.35 to $2.40 per share. The increased full-year guidance results from better-than-anticipated margins in January, higher wholesal
Ross Stores January Comps Decline 2.0%
Ross Stores, Inc. reported sales for the four weeks ended February 1, 2003 of $196 million, up 7.0% from the $183 million reported for the four weeks ended February 2, 2002. Comparable store sales declined 2.0%…
Saks Inc. January Comps Decrease 2.1%
Retailer Saks Incorporated announced that comparable store sales for the four weeks ended February 1, 2003 compared to the four weeks ended February 2, 2002 decreased 2.1% on a total company basis. By segment, comparable store sales were flat for SDSG and
Sears January Same-Store Sales Decrease 8.0%
Sears, Roebuck and Co. announced total domestic store revenues for the four weeks ended February 1, 2003 were $1.6 billion, a 6.3 percent decrease compared with the four weeks ended February 2, 2002. Comparable domestic store revenues decreased 8.0%…
