Coastcast Corporation reported sales for the year ended December 31, 2002 were $62.4 million vs. $115.5 million in 2001. The 2002 net loss was $10.4 million vs. a loss of $2.3 million in the prior year. Diluted loss per share was ($1.36) vs. ($0.30).
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Nike Rounds Up Support in Free Speech Fight
The Bush Administration, the ACLU, the AFL-CIO, European entities, and dozens of media organizations have joined forces in urging the U.S. Supreme Court to reaffirm the First Amendment right to free and open debate and to overturn an unprecedented Califor
Lauderdale Lakes Leaders Cope with Loss of Sports Authority HQ
This city is dusting itself off again from the loss of another major business, this time the corporate headquarters for Sports Authority. The Lauderdale Lakes-based sporting goods company that began in 1987 announced last week it would merge with Color
Wolverine: Onward and Upward, without Athletic Specialty
At a recent Bear, Stearns Investor Conference in NYC, WWW EVP and CFO, Stephen Gulis described the rapid rise in fortunes at Wolverine…
Creditor Takes Lead in Cannondale Bid…
Cannondale’s creditors weren’t happy with bankruptcy proceedings on Friday that saw the appointment of one the company’s largest creditors, Pegasus Partners II, as the “stalking horse” in auction proceedings scheduled for March 20, 2003 Company assets…
Deckers Positions Brands for Growth
DECK shares were off 5.3% for the week to close at $4.60 on Friday even as the company surpassed analyst’s earnings estimates. Net earnings for the quarter nearly tripled to $1.36 million, compared to $506,000 in the previous year's quarter…
Stride Rite Sees FY03 Cap Ex Down 17%
According to its 10-K report filing, Stride Rite Corp. expects to see a 17% decrease in Cap Ex versus fiscal 2002. SRR expects capital expenditures of $10 million for the year ending November 28, 2003. The company posted capital expenditures of $ 12.1
Buffett Walks on Burlington Deal…
Berkshire Hathaway, Inc. has cancelled its $579 million cash offer to acquire Burlington Industries, Inc. out of bankruptcy court. The deal, initially announced February 11, 2003, was terminated by Warren Buffett’s BRK after a Delaware bankruptcy judge b
Honest, Your container Fell Off a Ship…
We have either used the story or heard the story in our careers, but it appears that containers really DO fall off of boats in the Pacific Ocean…
Billabong Shares Hit Undertow…
Shares of the Australian surf lifestyle brand were down 8.9% in heavy trading late last week after the company backed off earlier guidance on fiscal ‘03 earnings. BBG closed at A$5.35 on Friday after three days of trading that saw over 10.4 million share
Exchange Rates Hurt and Benefit Head…
Head N.V. expects 2003 sales and profits to be flat or lower than the results reported in 2002 – results impacted a great deal by currency exchange rates & rules.
Net sales for 2002 declined 1.1% to $387.5 million. HED company saw a net loss of $2.6 mi
Escalade To Buy Back Stock…
Escalade, Inc. will purchase of up to $3 million of its common stock on the open market or through privately negotiated transactions. ESCA’s Board of Directors authorized the buy-back at the company’s quarterly meeting…
Footwear Specialties Sees 46% Sales Increase in 2002
Footwear Specialties International, parent company of Nautilus Safety Footwear, SkidBuster Shoes and Third Watch Public Safety Footwear, announced at their annual meeting that their “Ultimate” Service standards contributed to their 46% sales increase over
LaCrosse Footwear Narrows 2002 Loss; Posts Q4 Profit
LaCrosse Footwear, Inc. 2002 net sales declined to $97.8 million from $125.3 million in 2001. The full year 2002 net loss was $5.1 million, or a net loss of $0.87 per share, compared to a net loss of $7.9 million, or a net loss of $1.35 per share, in 200
Footwear Specialties Hires Dave Bartels as Sales VP
Footwear Specialties, Int'l, parent company of Nautilus Safety Footwear, SkidBuster Shoes, and 3rd Watch Footwear, announced that it has hired Dave Bartels as its new Western Regional V.P. of Sales…
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