The Finish Line, Inc. reported fiscal 2003 net sales increased 8% to $757.2 million for the fifty-two weeks ended March 1, 2003 compared to $701.4 million for the fiscal 2002. Comparable store net sales increased 3% for the year. On a GAAP basis, net in
Tag: People
True Temper 2002 Sales Decline 3.3%
True Temper Sports, Inc. reported that 2002 sales declined by 3.3% to $107.4 million in 2002 from $111.1 million the prior year. Full year net income decreased to $9.3 million from $24.6 million in the prior year. Net income increased 35% from $6.9 mill
K2 Inc. and Rawlings Announce Merger Exchange Ratio
K2 Inc.and Rawlings Sporting Goods Company, Inc. have announced the exchange ratio in connection with K2's proposed merger with Rawlings. If the merger with Rawlings is completed, each Rawlings stockholder will receive 1.080 shares of K2 common stock
Oleksyk Takes Top Spot at Pride Golf Products Division
Rick Oleksyk has teed up to take command at Pride Golf Products Division, a Gaithersburg subsidiary of Pride/Softspikes Inc. Formerly known as Softspikes Inc., the manufacturer of plastic golf cleats merged in January with Pride Manufacturing Inc., a Gu
Kmart Posts $3.22 Billion Loss for 2002
Kmart Corporation reported total sales for the 52 weeks ended January 29, 2003 totaled $30.76 billion, compared with $36.15 billion in fiscal 2001. On a same-store basis, sales declined 10.1% in fiscal 2002 from the previous year. Kmart reported a net l
Vans Q3 Hit on Skatepark Charge…
It wasn’t long ago that the Vans skateparks represented a revolutionary approach to marketing the brand to the extreme sports crowd. The concept was once the envy of the industry – a marketing concept that pays for itself and eventually becomes a profit
Goody’s Posts 2002 Profit on Flat Sales
Goody's Family Clothing, Inc. reported net earnings for the year ended February 1, 2003 were $7.6 million, or $0.23 per diluted share, compared with a net loss of $20.2 million, or $0.62 per share, for fiscal 2001. Total sales for fiscal 2002 were $
Sports Authority Rides Tax Benefit to Surging Q4 Profits as Comps Dip 4.7%
The Sports Authority, Inc. reported that for the fourth quarter ended February 1, 2003, net income amounted to $52.9 million or $1.56 per diluted share versus $15.6 million or $0.47 per diluted share for the comparable period last year. Sales for the fou
Hibbett Fiscal Year Net Income Jumps 27.5% on 3.9% Comp Gain
Hibbett Sporting Goods, Inc. reported net sales for fiscal year 2003 ended February 1, 2003 increased 15.8% to $279.2 million. Comparable store sales increased 3.9% in fiscal 2003. Net income for the year increased 27.5% to $14.7 million compared with $1
PacSun February Comps Grow 14.8%
Pacific Sunwear of California Inc. reported that same store sales increased 14.8% for the comparable four-week period ended March 1, 2003 with PacSun same store sales up 10% and d.e.m.o. same store sales up 49%…
Puma Grows U.S. Business 70% in Q4…
Puma shares rose just 1.3% for the week after another extraordinary report on fourth quarter and full-year 2002 sales and profits. The limited rise in price was due no doubt to the fact that the stock rose 91% last year and the benefit this last week was
Deckers 2002 Earnings Flat on 8.0% Sales Gain
Deckers reported 2002 net sales increased 8% to $99.1 million versus $91.5 million in the same period last year. Net earnings before cumulative effect of accounting change for the year ended December 31, 2002 were $1,620,000, or $0.17 per diluted share,
Pacific Sunwear Increases 2003 Store Opening Plans
Pacific Sunwear of California, Inc. announced that it is increasing its store opening plans to 75 net new stores for fiscal 2003, which includes at least 10 net new d.e.m.o. stores…
Court Approves Kmart Disclosure Statement
Kmart Corporation announced Wednesday that the U.S. Bankruptcy Court for the Northern District of Illinois has approved the Disclosure Statement filed in connection with the Company's First Amended Joint Plan of Reorganization…
Kratowicz Named ShopKo Division VP
ShopKo Stores, Inc. announced the promotion of James Kratowicz to vice president of pricing, consumer information resources and e-commerce for the company's ShopKo division…