Footstar started the process of dismantling the Footaction business for good last week, announcing Thursday that it would sell off the remaining 353-store athletic footwear chain and then announced Friday that Shawn Neville, the former Reebok North Americ
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Core Skate and Strong Owned-Retail Results, Leads VANS Back to Black…
Vans, Inc, continued its climb back in its fiscal third quarter ended February 28, looking to owned-retail and a stronger men’s business to post a nice profit for its ongoing base business as well as its total business. The base business excludes the thr
Stride Rite Takes a Q1 Hit; Looks to Fill…
The Stride Rite Corporation had to rely on a double-digit gain in their Children’s Retail stores and a 3.0% increase in the Sperry Top-Sider business for good news in the fiscal first quarter ended February 28. Total sales for the company were down 10.5%
Bob Goes Direct in Canada
BOB Trailers, Inc. will begin shipping their bicycle cargo trailer and Sport Utility Stroller products from a new Kamloops, British Columbia warehouse starting April 10, 2004. Utilizing the services of a third party warehouse, NRI Distribution, Inc., BOB
Everlast Posts Q4 Loss on Restructuring; Sales Down 8.2%
Everlast Worldwide Inc. reported that net sales for the 2003 fourth quarter declined 8.2% to $16.7 million compared to reported net sales of $18.2 million in Q4 2002. Net licensing revenues advanced 40.6% to $1.8 million vs. $1.3 million in the 2002 perio
CLI Taps Pentland as U.K. Airwalk Licensee
Collective Licensing International, LLC has entered into a licensing agreement with British-based Pentland to license the Airwalk® brand in the U.K. and Ireland. Under the new agreement, Pentland will serve as the master licensee for the Airwalk® brand an
Shawn Neville Exits as Footstar Athletic Chief
Footstar, Inc. announced Friday that Shawn Neville, President and CEO of Footstar's Athletic segment is no longer with the Company. Mr. Neville's responsibilities have been assumed by a team of executives including Mark Lardie, SVP-GMM, Jodi Joh
Stride Rite Fiscal Q1 Earnings Down 14.8% as Sales Decline 11% for Quarter
The Stride Rite Corporation reported sales for the first quarter of fiscal 2004 decreased 11% to $136.1 million from $152.3 million in the comparable period of fiscal 2003. Net income for the first quarter totaled $7.5 million or $.19 per diluted share, a
Broder Bros. 2003 Net Loss Widens on Restrucuring Charges
Broder Bros. Co. reported that net sales for the fiscal year 2003 were $487.8 million compared to $429.7 million for fiscal year 2002. The loss from operations for fiscal year 2003 was $6.0 million, compared to income from operations of $9.8 million in f
Footstar to Sell Off Footaction Unit; Cites Lack of Nike Support
Footstar, Inc. has announced that it is moving forward with an accelerated process to sell its remaining athletic footwear operations to focus its full attention and resources on its core Meldisco business. The company also said that its decision to purs
Superfeet Partners with The Penguin
Superfeet recently partnered with John “The Penguin” Bingham, runner, author and inspiration for runners of all levels…
NRF: Easter Spending on the Rise
Easter is officially on its way and consumers are ready to spend more than last year, according to the NRF 2004 Easter Consumer Intentions and Actions Survey, conducted by BIGresearch for NRF. The surevey found that 75.6% of Americans plan to celebrate E
VF Corp. Brightens Q1 Outlook on Stronger Sales
VF Corporation, parent company to the Eastpak, Jansport, and The North Face brands, has updated its first quarter guidance to reflect “stronger than expected sales of its products at retail in most of its businesses”. VFC now expects an 8% to 10% increase
Oakley Reiterates 2004 Sales and Earnings Guidance
Oakley, Inc. has reiterated its 2004 sales and earnings guidance provided earlier this year. The company expects full year sales growth of approximately 10%, to approximately $574.0 million, with earnings expected to grow approximately 15% to 64 cents per
Vans Swings to Fiscal Q3 Profit; Raises 2004 Guidance
Vans, Inc. reported that net sales for its base business for the fiscal third quarter (excluding skateparks expected to be closed) increased 10.0% to $86.3 million, compared to $78.4 million for the third quarter of fiscal 2003. Net income for the base bu
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