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Oakley 2002 Net Income Down 19.6% as Sales Increase 14%

Oakley, Inc. announced total 2002 net sales increased 14% to $489.6 million, fueled by a 19.2% increase in U.S. net sales to $254.0 million, including a 267.1% increase in Oakley's retail store sales to $32.6 million. International net sales increase

Footstar Rapidly Expanding Wal-Mart Partnership

Footstar, Inc. announced that it has reached an agreement with Wal-Mart Stores, Inc. to supply Thom McAn family footwear for up to 1,500 Wal-Mart stores, including the original 300 stores that began selling Thom McAn in October 2002…

Gildan Fiscal Q1 Profits Jump 107% on 16% Sales Growth

Gildan Activewear Inc. reported net earnings rose 107% to $5.8 million for the quarter ended December 29, 2002, or $0.20 per diluted share, up 100% from the first quarter of fiscal 2002. Sales for the first quarter were $102.3 million, up 15.9% from $88.

Deep Discounts Mean Retail Stores Feel Pain

Laurie Gilbert traveled down from Freeport Tuesday to look for socks at the Maine Mall. She ended up finding sales she couldn't refuse, and walked away with some compact disks and a pair of shoes — as well as the socks that initially drew her to

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

adidas Net Income Growth Slowing in 2003…

adidas-Salomon AG reported that sales for 2002 grew 11% on a currency-neutral basis exceeding $7.04 billion (€ 6.5 billion) for the year. Net income rose 10% to $248 million (€ 229 million), or $5.46 per share, up from $4.98 per share in 2001. Currency

Cannondale Gets New Life – For Now…

Cannondale filed for Chapter 11 bankruptcy protection in U.S. Court last week, pointing to losses in its motor- sports division that inhibited the company's ability to make future investments…

SIA Appoints New Chairman, Board Members

A new chairman and three directors were elected
to the SnowSports Industries America board of directors this week at the association’s annual meeting in Las Vegas. The meeting was held in conjunction with the 2003
SIA SnowSports Show…

Kmart Receives Exit Financing Approval

Kmart Corporation on Wednesday announced that it has received bankruptcy court approval for the $2 billion in exit financing from GE Commercial Finance, Fleet Retail Finance Inc. and Bank of America, N.A…