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Saucony U.S. Sales Drives Q1 Increase; Profits Up 63%

Saucony, Inc. reported that net income increased 63% to $4.2 million in the first quarter of 2004, compared to $2.6 million in the year-ago period. Diluted earnings per share increased to 58 cents per Class A share and 64 cents per Class B share, compared

Aldila Swings to Q1 Profit on 50% Sales Increase

Aldila, Inc. reported net sales of $15.3 million and net income of $2.3 million, or 46 cents per share, for the three months ended March 31, 2004. In the comparable 2003 first quarter, ALDA had net sales of $10.2 million and a net loss of $169,000, or thr

Torpedo Sports Q2 Loss Doubles as Sales Cut in Half

Torpedo Sports USA reported unaudited net sales of $1,142,044 and $2,625,053 with net losses of $(1,047,243) and $(1,343,886) for the three and six month fiscal periods ended January 31, 2004, respectively. This compares to net sales of $2,410,629 and $5,

Cutter and Buck Director Resigns; Bourgeois Exits

Cutter & Buck Inc. has announced the resignation of Mike Brownfield from the company's board of directors. In a letter to Cutter & Buck CEO Fran Conley, Brownfield cited the demands of his work schedule and Board and Committee related travel requirem

Luxottica Q1 Sales Rise 7.9%

Luxottica Group S.p.A. announced results for the quarter ended March 31, 2004. Net sales for the quarter improved by 7.9% to €760.4 million ($949.9 mm). Operating income for the quarter improved 7.9% to €120.1 million ($150.0 mm). Consequently, the operat

Pacific Sunwear Hires New Sourcing Chief

Pacific Sunwear of California, Inc. has hired C. Joseph Harris to the position of Vice President of Sourcing and Production. Mr. Harris will be responsible for the sourcing and production of all private label merchandise for PacSun and d.e.m.o., which acc

Urban Outfitters Ups Guidance; EPS Will Double

Urban Outfitters, Inc., which operates retail stores under the Anthropologie, Urban Outfitters and Free People brands, said that quarter-to-date comparable store sales continue to significantly exceed the sales plan set at the beginning of the year. Q1 C

Foot Locker Wins Footaction’s Hand…

The U.S. Bankruptcy court last week weighed arguments from Footstar, Inc. and the lawyers representing the Unsecured Creditor’s Committee regarding competing bids for the assets of the company’s remaining Footaction stores. Footstar was urging the Court

Take a Gander at this IPO…

Gander Mountain came out strong in its Initial Public Offering last week, posting a share price increase of nearly 51% for the week to close at $24.10 on Friday. The IPO was priced at $16 on Wednesday and raised $91.6 million before fees and will clear $