Rumors Over, The Fila Sale Finally Happens…
<p>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…</p>
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Finish Line Takes Full Advantage of Nike Shift…
<p>The regional managers we spoke with last week were nearly giddy with the way business has grown since the Nike / Foot Locker spat delivered unto The Finish Line key Nike marquee product that until this last quarter resided mainly at its mall competitor’s </p>
Weather Slows Gart Growth…
<p>Gart Sports sees a near-term hit to earnings from its pending merger with The Sports Authority, but the deal may help smooth out the moguls it encountered in its fiscal 2002 fourth quarter sales…</p>
U.S. Team Keeps Fila Dream Alive…
<p>The U.S. Fila team was obviously still driving to the hoop in 2002, even as the European business fell to pieces. Fila Holding posted its first yearly operating profit in recent memory on the backs of a strengthening U.S. business and the conversion of t</p>
Genesco Loses Out on Athletic Opp…
<p>An over-reliance on softening some casual brands and the lack of a key athletic footwear component conspired to rob Genesco of the growth opportunity other retailers are experiencing in the mall. With athletic footwear now representing 28% of the Journey</p>
Benetton Unloads Rollerblade as Family Purged Over Sportsystem Failures…
<p>Benetton Group announced last week that Chief Executive Luiggi De Puppi will step down at April's annual shareholders meeting. His decision followed the successful completion of his mandate, which included selling off Benetton's unprofitable sp</p>
Pacific Sunwear Takes to the Street…
<p>Pacific Sunwear has certainly turned the tide in the operations area and is now riding a wave of good fortune thanks to strong merchandising, operational efficiencies and aggressive growth. While many other mall retailers continue to suffer from weak com</p>
Price Deflation Impacts Athletic Shoes…
<p>According to The Monthly Mall Merchandise Index, maintained by the International Council of Shopping Centers (ICSC), sales/square foot in mall-based Athletic Footwear stores were $41 in December, a gain of 1.5% versus December LY. Sales for 2002 declined</p>
Quiksilver Sets Pace for Record Year…
<p>Quiksilver looks to riding much the same wave as PacSun, but with broader appeal beyond the narrow – but deep — teen segment. The company is growing business across all age groups, genders and continents to establish a truly global lifestyle brand with </p>
Russell Consolidates Bike Athletic Ops…
<p>It didn’t take long to start the consolidation of Bike Athletic into the Russell Athletic division of Russell Corporation. RML acquired the venerable sporting goods brand out of bankruptcy in late January and should see full consolidation of operations b</p>
Nike Builds Coalition of the Willing…
<p>Maybe the Bush Administration should enlist the help of Nike to help build a broader U.N. coalition against Iraq.<br />
Nike has rounded up a diverse group of supporters as it goes before the U.S. Supreme Court in its first amendment fight over a California Sup</p>
Ashworth Posts Fiscal Q1 Profits on 32% Revenue Rise
<p>Ashworth Inc. announced consolidated net revenue for the first quarter of 2003 ended Jan. 31, 2003 increased 32.3% to $26.6 million as compared to $20.1 million for the first quarter of 2002. The company reported consolidated first quarter net income of $</p>
Gart Sports Net Income Jumps 46% on Flat Comps
<p>Gart Sports Company net income for the fiscal year 2002 ended February 1, 2003 increased to $23.2 million, or $1.86 per fully diluted share, compared with $15.9 million, or $1.54 per fully diluted share, in the prior year. Total sales for the year advanc</p>
Gottschalks February Comps Decrease 1.6%
<p>Gottschalks Inc. announced that same store sales for the month of February 2003 decreased by 1.6% from the prior year. Total sales for the month decreased by 3.1% to $43.3 million from $44.7 million in February 2002…</p>
Goody’s Ferbruary Comps Decrease 11.2%
<p>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… </p>
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