Footstar, Inc. reported that comparable store sales for the thirteen-week period ended June 28, 2003 declined 2.2%. Comparable store sales at Meldisco decreased 4.9%, and comparable store sales for the athletic segment increased 1.0%. Total sales in the
Tag: Supplier
Skate Board Group Makes Cross-Country Trek for a Cause
On August 2nd, skate industry veteran Jack Smith and three friends will begin a 3,000 mile journey pushing their skateboards across the United States. The trek that will take them from Oregon to Virginia in the middle of the summer heat is expected to ta
Gotcha Emerges from Bankruptcy
Gotcha International LP announced Tuesday that it is emerging from bankruptcy. The company, which filed for Chapter 11 reorganization in August, will pay its creditors fully with 6-8 percent interest. Gotcha owes about $8.0 million, which should be pai
Thornton Takes President’s Post at Stride Rite; Adds Woodworth to Run Hilfiger
The Stride Rite Corporation has announced that Richie Woodworth has joined the Company as President of Tommy Hilfiger Footwear. He will report to the company's newly appointed President and COO, Richard T. Thornton. Thornton will report to David Cha
Stride Rite Makes Board Appointment
The Stride Rite Corporation announced that James F. Orr III has been elected to its Board of Directors. Mr. Orr has served as Chairman of the Rockefeller Foundation since December 2000. From May 2000 to December 2001, he was President and Chief Executive
Sears Elects Bax To Board
The board of directors of Sears, Roebuck and Co. today announced the election of William L. Bax, 59, former managing partner of PricewaterhouseCooper's Chicago-area practice, to membership on Sears' board of directors. His election increases th
The “Bible of Baseball” Falls Hard…
The 117 year-old weekly sports magazine, The Sporting News, is being forced into a budget crunch. Nearly 20% of their editorial staff has been laid off and sources say the personnel situation was already tight. The move is part of an effort to cut back
PacSun Adds Brands to Grow Footwear…
Pacific Sunwear may not be the as fashion –forward as many people think, but the teen retailer is adding new brands that will continue to bolster sales and keep the kids coming in the door. PSUN shed their west coast shades and pitched in at the 13th Ann
Pacific Sunwear Appoints Outlet Head
Pacific Sunwear of California Inc. announced the appointment of Bill Rosenbaum to the newly created position of vice president/GMM Outlet. Rosenbaum was formerly PacSun's VP/GMM of Young Men's and has been with the company since April of 2000…
Kmart Files to Recover $49 Million From Vendor
Kmart Holding Corporation confirms that it has filed a complaint in U.S. Bankruptcy Court for the Northern District of Illinois against Handleman Company to recover the $49 million critical vendor payment Kmart paid to Handleman at the outset of Kmart
Reebok Looks To Build Global Image…
Reebok International held its Annual Investor Conference on Wednesday, playing to a crowd eager to hear more about the company’s plans to capitalize on its recent gains in the market — and on the street.
Dillard’s May Comp Store Sales Decrease 7.0%
Dillard's, Inc. announced that sales for the four weeks ended May 31, 2003 were $536,644,000 compared to sales for the four weeks ended June 1, 2002 of $576,754,000. Sales decreased 7% on both a total and comparable store basis for the four-week peri
Asia Strategy Seen in Malden Recovery…
Reuters was reporting on Friday that Malden Mills expects to post a $9.8 million profit in its first full year out of bankruptcy protection. The company expects a $9.0 million loss in 2002…
Variflex Up On In-Line Skate Deal…
Variflex shares skyrocketed last week on much higher volume, gaining almost 47% for the week to close at $5.55 on Friday. The run-up appeared to be due to the impressive results reported for the company’s fiscal third quarter, with sales jumping over 55%
Golfsmith Swings to First Quarter Loss; Acquires Zevo Brand…
Golfsmith is the latest retailer to report that online sales are getting a larger percentage of total sales.
The operator of 26 golf “Superstores” now sees retail store sales account for 54.7%, or $25.0 million, of its business versus 56.7% for the last