Russell Corp. Issues Profit Warning for Q3

Russell Corporation revised its earnings expectations for the 2003-third quarter and 2003-fiscal year, primarily citing difficult conditions in the Artwear channel. The company now forecasts earnings for the 2003-third quarter ending October 5, 2003 to b

Elder-Beerman August Comps Fall 9.5%

Comparable store sales for The Elder-Beerman Stores decreased 9.5% for the four weeks ended August 30, 2003 compared to the four weeks ended August 31, 2002. Total store sales decreased by 9.9% to $41.4 million versus the same period last year.For the yea

Value City August Comps Up 4.2%

Value City Department Stores announced total sales for the four weeks ended August 30, 2003, increased 8.7% to $205.1 million from $188.7 million for the four weeks ended August 31, 2002. The company's same store sales increased 4.2% for the four wee

Nike Acquires Converse in $305 Million Deal

NIKE, Inc. has entered into a definitive agreement to acquire Converse, Inc. The total price to be paid for 100 percent of the equity shares is approximately $305 million plus the assumption of certain working capital liabilities at the time of the transa

Nike Issues Statement on High Court Ruling

The U.S. Supreme Court today dismissed on technical grounds a case in which Nike was seeking to reaffirm the First Amendment right to free and open debate. Nike had challenged in the High Court a California state court ruling that adopted a legal standa

Fila Completes Sale to Epstein Group

Fila Holding SpA on Tuesday sold all of its subsidiaries, including Sparks, Md.-based Fila USA Inc., to a Fila management team for $351 million in cash. The new owner is Sport Brands International LLC, whose partners include Fila USA's current chi

Nike Nabs James in Endorsement War

LeBron James has signed a multiyear shoe and apparel deal with Nike for contract likely to approach $100 million.
A Nike spokesman confirmed late Wednesday night that the St. Vincent-St. Mary senior had agreed to a contract with the Swoosh, but said terms

Columbia Completes Acquisition of Mountain Hardwear

Outdoor apparel and footwear leader Columbia Sportswear Company announced that it has completed its previously announced acquisition of Mountain Hardwear, Inc. A wholly owned subsidiary of Columbia Sportswear merged with and into Mountain Hardwear effect

Skechers Signs Men’s Apparel License Deal

Skechers USA, Inc. announced that Garson International has been named the licensee for Skechers men's outerwear in the United States. Under the licensing agreement, Garson International will design, distribute and market Skechers Collection men&#039

Phoenix Footwear Group, Inc. Updates 2003 Outlook

Phoenix Footwear Group, Inc. commented on its recent failed bid for Antigua Enterprises, Inc. and also announced that for the 12 months ended December 31, 2003, it expects to generate earnings, after one-time charges related to relocation of the company&#