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Nordy’s Fiscal 2002 Profits Slide 28%

Nordstrom, Inc. reported net earnings and earnings per diluted share for fiscal 2002 ending January 31, 2003 decelined 28% to $90.2 million and $0.66, respectively. Fiscal 2002 net sales increased 6.1% to $6.0 billion compared to sales of $5.6 billion in

Thule Appoints Field Envoy

Thule has appointed Darren Snyder as its Thule Envoy. In this newly created field position, Snyder will report to Mike Moore, Thule Western Sales Manager and support Thule’s western region sales representatives…

JC Penney DS 2002 Operating Profit Up 27%

J. C. Penney Company, Inc. reported that earnings per share from continuing operations doubled to $0.68 for the fourth quarter and were $1.25 for the full year. Department Stores and Catalog Q4 LIFO operating profit increased 35%, or 160 basis points as

Galyan’s to Keep Corporate Headquarters in Plainfield

After a yearlong search for a site to relocate its corporate headquarters, Galyan's Trading Co. has decided to stay in Plainfield. The company said Tuesday it will work with Plainfield over the next year to locate a building site for a state-of-th

When Does a Good Show Get Too Big???

Lesson One in trying to kill the golden goose trade show – make the show so big that you have to trek all over town and then shoo away all the retailers with bad timing. Blow into a balloon long enough and it will pop! That was the feeling as the exhibit

When Does a Good Show Get Too Big???

Lesson One in trying to kill the golden goose trade show – make the show so big that you have to trek all over town and then shoo away all the retailers with bad timing. Blow into a balloon long enough and it will pop!…

Russell Firing On All Cylinders…

Shares of Russell Corporation rose 4.5% for the week, closing at $15.68 on Friday. The company reported lower Q4 sales and stronger earnings on Thursday…

Collegiate Pacific Narrows Q2 Loss…

The loser in the Bike bid posted a 23% increase in net sales for the fiscal Q2 ended December 31, 2002 , racking up $3.5 million in sales . The net loss for the quarter narrowed a bit to -$231.1k from -$253.1k in the year-ago period. BOO saw gross pro

GSIC Burning Cash, Expects Losses…

GSI Commerce reported net revenue for 2002 increased 68.2% to $172.6 million. Comp sales increased approximately 16%. The net loss was $33.8 million for the year, compared to a net loss of $30.6 million last year. Net loss per share was $0.88 for 2002

Saucony Runs with Core Business…

Based on results for the fourth quarter and full year 2002, Saucony is already starting to reap the benefits of the strategy the company put in place in mid 2001 to right-size the business and focus on its core consumer…

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

Warren Buffett Snags Burlington…

The world’s most famous long-term investor’s Berkshire Hathaway company said that it will pay $579 million in cash to the creditors of Burlington Industries Inc., the textile manufacturer that filed for Chapter 11 bankruptcy protection in 2001…

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