Powered by heavy consumer traffic the week preceding and the day after Christmas, U.S. retailers are closing out their strongest holiday season in the last four years, according to a Chicago firm that follows shoppers' spending. Sales for the wee
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The Spiegel Group Identifies Eddie Bauer Stores to Close
The Spiegel Group has announced the location of 29 Eddie Bauer stores it intends to close in 2004, 16 of which involve natural lease expirations. These store closings are part of the company's ongoing efforts to improve the
productivity of its store
NESGAA Honors Retailer of the Year
The New England Sporting Goods Agents Association has announced the selection of the 2004 New England Retailer of the Year. The 2004 honorees are Paul & Bunny Wiener of Sports & Marine Parafunalia in Merideth, New Hampshire. As part of the award, Paul a
NYSE Suspends Trading of Footstar Shares
The New York Stock Exchange announced today that it determined that the common stock of Footstar Inc. – ticker symbol FTS – should be suspended immediately. Application to the Securities and Exchange Commission to delist the issue is pending the completio
Collegiate Pacific Executes New Credit Facility
Collegiate Pacific stated that it has executed a long-term, commercial banking agreement with Merrill Lynch Business Services…
GolfGear Announces Resignation Of Suspended CEO
On Dec. 18, 2003, pending completion of an investigation into possible violations of his employment contract and fiduciary duties, Donald A. Anderson tendered his resignation as a member of the Board of Directors of GolfGear International Inc. The follow
Vail Resorts, Intrawest to Divide Assets of Keystone Partnership
Vail Resorts, Inc. announced it has reached an amicable agreement with Intrawest Corporation to divide the remaining developable assets, to jointly liquidate remaining partnership inventory, and ultimately to dissolve the Keystone development partnership
Fanbuzz to Operate Celtics Online Store
The Boston Celtics has entered into an e-commerce agreement with FanBuzz. As part of the agreement, FanBuzz' services include Web site development, back-end fulfillment and customer care for the private-label Boston Celtics online store at www.celtic
Nike Sees U.S. Strengthening Across the Board…
Nike, Inc. blew past analysts’ EPS estimates for their fiscal second quarter ended November 30, besting the prognosticators by 8% to 11% by posting earnings of 66 cents per diluted share on much better margins, benefits from currency exchange rates and im
Collegiate Pacific to Acquire Kesslers…
Kesslers Team Sports of Richmond, IN, the nation's largest independent team sporting goods distributor with annual revenues exceeding $30 million will join the Collegiate Pacific stable. Terms of the deal, which is expected to close in early 2004, w
Vail Resorts Hit with Record Verdict…
A jury awarded $17.5 million in compensatory damages to Joette Williams and her deceased husband’s family. The couple suffered from carbon monoxide poisoning in August of 2001 at a Jackson Hole, Wyoming resort owned by Vail Resorts. Joette Williams surviv
Vans Looks to Girl’s Biz for Growth…
Vans was bleeding red ink in fiscal Q2 regardless if they include the troubled skatepark business in their GAAP results or when look at their continuing “base business” that excludes the five skateparks that will close this year. The company appeared to
Rossignol Feels the Currency Pains…
Rossignol sales have dropped 11% for the first six months of the 2003-04 season from €224.9 million ($226.1 million) to €199.9 million ($213.9 million)…
Blades Files for Chapter 11 Protection…
Based on court papers obtained by Sports Executive Weekly, it appears that Blades Board and Skate, the 14-store action sports chain based in New Jersey, filed for Chapter 11 bankruptcy protection on December 4 due to an injunctive order obtained just days
Callaway Sees Top-Flite Drag in 2004…
Callaway Golf Company announced that sales and earnings estimates for 2003 will be in line with previous estimates and will include about $25 million in pre-tax integration costs that are expected to put diluted earnings per share in the 65 cents to 67 ce
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