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Billabong Shares Hit Undertow

<p>Shares of the Australian surf lifestyle brand were down 8.9% in heavy trading late last week after the company backed off earlier guidance on fiscal 03 earnings. BBG closed at A$5.35 on Friday after three days of trading that saw over 10.4 million share</p>

Exchange Rates Hurt and Benefit Head&#8230;

<p>Head N.V. expects 2003 sales and profits to be flat or lower than the results reported in 2002 results impacted a great deal by currency exchange rates &#038; rules.<br /> Net sales for 2002 declined 1.1% to $387.5 million. HED company saw a net loss of $2.6 mi</p>

Escalade To Buy Back Stock

<p>Escalade, Inc. will purchase of up to $3 million of its common stock on the open market or through privately negotiated transactions. ESCAs Board of Directors authorized the buy-back at the companys quarterly meeting&#8230;</p>

GBMI Acquires Pony Brand, Partners with The Firm

<p>Global Brand Marketing, Inc., (GBMI) and The Firm jointly announced Monday the formation of a new entity, Pony International, LLC that will own, control and exploit the Pony brand on a global basis. As the owner of a majority interest in the new entity, </p>

Footwear Specialties Sees 46% Sales Increase in 2002

<p>Footwear Specialties International, parent company of Nautilus Safety Footwear, SkidBuster Shoes and Third Watch Public Safety Footwear, announced at their annual meeting that their &#8220;Ultimate&#8221; Service standards contributed to their 46% sales increase over</p>

LaCrosse Footwear Narrows 2002 Loss; Posts Q4 Profit

<p>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</p>

Mossimo 2002 Earnings Up 24% on 19% Revenue Rise

<p>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</p>

Deckers 2002 Earnings Flat on 8.0% Sales Gain

<p>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, </p>

Payless Fiscal 2002 Earnings Double on Comp Store Decline

<p>Payless ShoeSource, Inc. reported company sales for the fiscal year 2002 totaled $2.88 billion, a 1.2% decrease from $2.91 billion in the fiscal year 2001. During the fiscal year 2002, same-store sales decreased 3.2%. In the fiscal year 2002, net earnin</p>

Former Venator CEO Joins Gadzooks Board

<p>Gadzooks, Inc. announced that Carol Greer, President of the Carol Greer Associates retail consulting firm, has joined its Board of Directors, increasing its number of Directors to seven&#8230;</p>

Varsity Brands Swings to Profits in 2002; Sales Up 6.0%

<p>Varsity Brands, Inc. announced net income of $9.9 million, or $0.92 per share on a fully diluted basis, for the year ended December 31, 2002. Net income for the year ended December 31, 2002 included an income tax benefit of $0.7 million. Revenues for th</p>