Mr. Rags Files Chapter 11…
<p>California-based Mr. Rags Acquisition Inc. has filed for Chapter 11 bankruptcy protection. A private investment firm bought the 114 store teen retailer last spring from Claire’s Stores…</p>
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adidas Net Income Growth Slowing in 2003…
<p>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</p>
Foot Locker Signaling a Succession Plan…
<p>Foot Locker announced that Rick Mina has been promoted to a newly created position of President and CEO of Foot Locker, Inc., U.S.A. He will report to Matt Serra, Foot Locker, Inc.'s President and CEO. Mina will be responsible for the company'</p>
Sport Chalet Bucks Trend, Posts Gain…
<p>Sport Chalet saw a turnaround in comp store sales in their fiscal Q3 ending Dec. 31, 2002, posting a 2.2% same-store sales gain in a very tough retail quarter. SPCH had reported a 2.3% decline in comps in their Q2…</p>
Sports Authority Shares Drop on Warning…
<p>Sports Authority shares fell almost 17% for the week, closing at $5.59 on Friday. The drop was due to a company report that earnings from operations in the fourth quarter would come in at 46 cents to 49 cents a share, well below its previous expectations</p>
Sport Supply Group Announces Improved Results for Quarter
<p>Sports Supply saw revenues for the fiscal third quarter rise 8.7% to $18.5 million. The net loss for the quarter ending Dec. 27, 2002 narrowed to $2.4 million compared to a $3.7 million loss for the year ago period. Gross profit decreased 100 bps to 27.</p>
Sport Supply Group Announces Improved Results for Quarter
<p>Sports Supply saw revenues for the fiscal third quarter rise 8.7% to $18.5 million. The net loss for the quarter ending Dec. 27, 2002 narrowed to $2.4 million compared to a $3.7 million loss for the year ago period. Gross profit decreased 100 bps to 27.</p>
Columbia Sees U.S. Business Shrink…
<p>Columbia Sportswear saw its share price drop 16.4% for the week even as the company outpaced both earning and sales estimates for the fourth quarter. However, analysts were disappointed with company estimates for full year 2003…</p>
Russell Out at Frisby…
<p>Frisby Technologies announced the “termination” of company president & COO Duncan Russell…</p>
CEO Gets Option to Buy Back Malden…
<p>Malden Mills struck a preliminary deal with its major creditors that will allow it to emerge from bankruptcy protection this spring. The plan of reorganization will include an exclusive option in favor of president & CEO Aaron Feuerstein to purchase the </p>
Dallas Apparel Mart is Closing…
<p>The venerable Dallas International Apparel Mart, the 40-year old national institution that once bustled with energy and acted as a driver for many apparel businesses, is set to close next year…</p>
Cannondale Gets New Life – For Now…
<p>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…</p>
Gart Sports and The Sports Authority Announce Merger…
<p>Well, the time for chasing rumors is now through, and the landscape for the Sporting Goods Industry in the U.S. will be changed forever. After many years of attempting to establish itself as a national entity, The Sports Authority will finally achieve th</p>
The Sports Authority Cuts Q4 Outlook on Reduced Comps
<p>The Sports Authority, Inc. announced that it expects fourth quarter earnings from normal operations of $0.46 to $0.49 per diluted share versus the Company's prior guidance of $0.50 to $0.53. The reduced view is expected to result in<br />
earnings per di</p>
JC Penney Appoints Krauter GMM Men’s and Kid’s
<p>J.C. Penney Corporation, Inc. announced the appointment of Lana Cain Krauter, 51, as Executive Vice President and General Merchandise Manager, Men's and Children's Division. She will report to Vanessa Castagna, JCP Chairman and Chief CEO of JCPe</p>
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