TJX Q2 Net Income Off 4.9% on 2.0% Comp Store Gain
The TJX Companies, Inc. announced net sales for the fiscal second quarter were $3.0 billion, a 10% increase over last year, with consolidated comparable store sales increasing 2%. Net income was $123 million and diluted earnings per share were $.24, which
Sun Ice Withdraws Acquisition Plan
Sun Ice Limited and the company set up to take it private have jointly announced that the plan to execute the transaction has been withdrawn. The purchasing company was set up as a holding company wholly-owned by Sylvia Rempel, the President, CEO and Cha
Shoe Pavilion Posts Q2 Loss on Lower Comps
Shoe Pavilion, Inc. announced a net loss of $231,000 or (3 cents) per share, for the second quarter ended June 28, 2003 compared to net income of $528,000 or 8 cents per share, for the second quarter of 2002. Net sales decreased 6.9% to $21.2 million for
adidas Lays Out Plan for Troubled U.S. Market…
adidas expects fashion-driven footwear to be a short-lived trend in the U.S. market and is betting long term on performance as the primary driver of the brand in the U.S. Parent company adidas-Salomon laid out a strategy for the U.S. that puts “additiona
Major league Baseball Inks Landmark Licensing Deals…
In the most recent ESPN Sports Poll, almost a quarter of all respondents picked the NFL as their favorite spectator sport. No real surprises with that result, except that it might be a little low, but it was the number two spot we found interesting…
Gildan Builds More Share in Fiscal Q3…
Gildan Activewear reported net sales for its fiscal third quarter benefited from the inclusion of an extra week in the reporting period. Sales were up 4.2% to C$204.0 million ($142.1 million) compared to C$195.7 million ($125.1 million) in the year-ago q
Top-Flite Can Use Cash for Lawyers…
Top-Flite Golf Co. received bankruptcy court permission last week to use cash that is collateral for secured debt to fund its Chapter 11 restructuring. The company’s unsecured creditors has challenged the company’s move to use the collateral, contending
Amer Group Gets Hurt by Weaker Golf Sales, Exchange Rates, and Asia Woes …
There are times when it just doesn’t pay to be a division of a corporation in another country, and that may just be the case this last quarter as the Amer Group PLC reported results that were negatively affected by the weaker dollar and a much stronger Eu
Marmot Mountain Ltd. Made two big announcements…
Marmot Mountain Ltd. made two big announcements the week before the OR show. First they were awarded the 2003 American Mountain Guides Association Industry award. Tom Fritz, Marmot VP of Marketing, will accept the award from Mike Alkaitis, Executive direc
Grivel Receives ISO 14001 Environmental Certification
Grivel has obtained ISO 14001 certification by the International Organization of Standardization. The certification acknowledges Grivel as a business in compliance with internationally established environmental regulations, and is valid for the 'desi
AAI gives Atlas Guides Choice Award…
Atlas Snowshoe Company received the American Alpine Institute's 2003 “Guides Choice” Award for both its men's and women's snowshoes..
Pacific Sunwear Q2 Net Income Jumps 84%; Sales Up 23%
Pacific Sunwear saw net income for the second quarter of fiscal 2003 increase 84% to $13.4 million, or $.26 per share, basic and diluted, over net income of $7.3 million, or $.15 per share, basic and diluted, for the second quarter of fiscal 2002. Sales
Nike Opens Golf RandD Center; June Retail Sales Double
Nike Golf unveils its first full-service and dedicated research & design facility for the development of performance golf clubs and the testing of both golf clubs and golf balls in Fort Worth, Texas. The company alos revealedits latest retail golf sales
U.S. Ski Areas Break Visits Record in Latest Season
According to the recently-released final 2002/03 Kottke End-of-Season Survey, U.S. ski areas tallied a record 57.6 million skier/snowboarder visits last season. The results post a 0.45% increase over the previous 57.3 million-visit record set in the 2000
Stein Mart July Comps Down 6.2%
Stein Mart announced net sales and comparable store sales.Total sales for the four-week July period were $80.5 million, a 2.2 % decrease from the $82.3 million in sales for the same period in 2002. Comparable store sales for July decreased 6.2 % from 2002
