SGB Update Outdoor
ShopKo January Comps Up 3.2%
ShopKo Stores reported consolidated sales for the four weeks ended January 31, 2004 increased 3.2 percent to $199.3 million from $193.0 million during the same period last year. Consolidated comparable store sales
increased 3.2 percent…
January Comps Up 13% at Costco
Costco Wholesale Corporation reported net sales of $3.44 billion for the four weeks ended February 1, 2004, an increase of 16% from $2.97 billion in the same four-week period of the prior fiscal year. January Comps Rose 13%…
JOUT Files For Temporary Restraining Order
Johnson Outdoors announced a Temporary Restraining Order had been issued by the Superior Court of Maine, barring a former employee from working for a major competitor. The TRO was issued on January 28th, and was upheld by the Court in a ruling yesterday
JFF Probe Claims Two More Industry Execs…
Tom Shine, currenly Reebok’s SVP for Sports Marketing, is the latest to plead guilty in the federal probe of Just for Feet. The incident occurred when Shine was president of Logo Athletic, which was acquired by Reebok in 2001 and became its On-Field divi
Judge Dismisses All Charges Against Wal-Mart in Las Vegas Labor Action
An Administrative Law Judge (ALJ) in Las Vegas dismissed all charges last week in a complaint of unfair labor practices issued against Wal-Mart in February of 2003. The complaint, based on charges filed by a union attempting to organize WMT employees, in
Federated January Comps Increase 5.5%; Ups Guidance
Federated Department Stores, Inc. reported total sales of $814 million for the four weeks ended January 31, 2004, an increase in total sales of 5.1% compared to total sales of $775 million in the same period last year. On a same-store basis, Federated
Johnson Outdoors Sees Resolution of E.U. Inquiry
Johnson Outdoors Inc. announced that an inquiry by the European Commission {of the European Union} has been concluded, with no further action warranted and no fine imposed. In February 2003, the competition department of the European Commission initiated
Gadzooks Files for Bankruptcy Protection; Closing 156 Stores
Gadzooks, Inc. has filed for bankruptcy protection in the Northern District of Texas. This move was necessary in order to provide time to complete the reorganization of its core business around 252 stores chosen to strengthen its market position in the ju
Sport Chalet Fiscal Q3 Net Income Up 18% on 2.9% Comp Gain
Sport Chalet, Inc. reported that sales for the fiscal third quarter ended December 31, 2003 increased 10.3% to $79.7 million from $72.3 million in the year-ago period. Same-store sales increase of 2.9%. GM improved 130 basis points to 32.6%. Increased
Brown Shoe Company Closes on Bass Deal
Brown Shoe Company, Inc. and Phillips-Van Heusen Corporation announced that they have closed the previously announced transaction for PVH to license to Brown Shoe the design, sourcing and marketing of footwear at wholesale under PVH's well-known Bass
LaCrosse Footwear Receives Settlement in Vendor Dispute
LaCrosse Footwear, Inc. has received a one-time, nonrecurring cash payment of $900,000 in settlement of a dispute with a former vendor. This will be reported as an expense reduction in the first quarter of 2004…
Everlast Inks Russian Licensing Deal
Everlast Worldwide Inc. has signed a new licensing agreement with Sparta Ltd., a sporting goods supplier based in St. Petersburg, Russia. Sparta will serve as the Everlast licensee of retail boxing equipment as well as products used for exercising, aerobi
Airwalk Taps Royer as New European Licensee
Collective Licensing International, LLC, owner of the Airwalk® brand, recently announced that the company has entered into a pan-european licensing agreement with France-based Royer SA to license the Airwalk® brand. Royer SA will distribute and market Air
PUMA Doubles 2003 Net Income on 40% Sales Increase
PUMA AG Rudolf Dassler Sport reported preliminary results for FY 2003 indicating that consolidated sales increased 40.0% to €1.27 bn ($1.44 bn) from €910 million ($861 mm), or up 48% in currency-neutral terms. Consolidated net
earnings rose from €85 milli
Gildan Calls for Independent Audit of Honduran Operation
Gildan Activewear Inc. has requested the Fair Labor Association, in which Gildan is a Participating Company, to conduct an independent audit at one of its Honduran sewing facilities. The audit is related to a complaint filed with the FLA, alleging that Gi
