SGB Update Outdoor
Urban Outfitters Doubles Q4 Income…
Urban Outfitters posted an impressive quarter to round out the year. The retailer reduced costs and increased margins to turn a 49.7% Q4 sales increase, from $117.6 million to $176.7 million, into a 120% increase in Q4 net income, from $8.4 million to $18
The Footstar Store Liquidation Sales: Winners and Losers…
Now that the other shoe has dropped in the Footstar bankruptcy case with the company filing motions last week to close at least 165 stores, the conversation has turned from when FTS would file or who would buy it to speculation on who loses and who gains
Not So Fast There Mister Man…
Meanwhile, the proverbial fly in the ointment appeared in the Footstar bankruptcy case as GE Capital Corp., which holds the lease for “certain furniture, fixtures and equipment” with FTS. GECC filed a number of objections to the proposed bidding process
NSGA Cost of Doing Business Survey Calls Out Team Dealers…
The NSGA released the Team Dealers segment of their bi-annual ‘Cost of Doing Business Survey’ and according to the new data, average net profit inched up 80 basis points to 2.6% compared to 1.8% 2001. Team dealers showed positive results in return on tota
180s in Patent Fight over Ear Warmers…
180s is taking on Walgreen’s in a patent infringement case involving the company’s ear-warmers. Walgreen’s has allegedly been selling a product under the brand name ‘Ear Band’ that is identical to 180’s mainstay wrap-behind-the-head ear-warmer, which has
Callaway Snags Another 27,000 Clubheads from Counterfeiter
Callaway Golf Company has seized 27,000 clubheads from Newport Golf, a company controlled by Jimmy Lin and accused of selling illegal copies of Callaway's golf clubs. A court-mediated settlement had given Callaway over $800,000 in cash and 28,000 ot
L.L. Bean Sets Record Revenue Level in Fiscal 2003
L.L.Bean reported net sales for the fiscal year ending February 29, 2004 increased 10% to $1.2 billion. The company also announced that its Board of Directors approved a cash award of 15% of annual pay to eligible employees, and cash gifts to recognize th
Shoe Carnival Q4 Earnings Fall 93% on 4.9% Sales Gain
Shoe Carnival, Inc. reported that net earnings for the fourth quarter ended January 31, 2004 were $113,000 compared with net earnings of $1.7 million in the fourth quarter last year. Diluted earnings per share were a penny per share compared with 13 cents
Dick’s Q4 Net Income Up 36% on 4.6% Comp Store Sales Gain
Dick's Sporting Goods, Inc. reported net income for the fourth quarter ended January 31, 2004 increased 36% to $26.0 million and earnings per share increased 22% to $1.00 per diluted share as compared to net income of $19.1 million and earnings per s
Spyder Signs on as Austrian Ski Team Sponsor
Spyder Active Sports, a leading technical ski apparel brand, has signed an agreement to be an official supplier to the Austria Ski Team. Spyder will outfit the Alpine team on a long-term basis, including the 2006 Winter Olympics in Torin, Italy. The team
Pre-Trial Ruling In Patent Infringement Case Falls In Johnson Outdoors Favor
JOHNSON OUTDOORS announced a major pre-trial ruling in accordance with the Company’s position in its patent infringement case against Confluence Watersports, owned by American Capital Strategies (ACS). The ruling issued by the Federal District Court in P
Mossimo Sales Up, Income Down
Mossimo reported fourth quarter 2003 revenue increased 15%
to $3.0 million compared to $2.6 million for the same period last year. The Company reported fourth quarter 2003 net earnings of $693,000 compared to net earnings of $5.4 million for the same peri
Bell Canoe Stays Involved and Wins Vendor Award
Bell Canoe Works had a busy year in 2003 with community involvement, sponsorships, and awards. Meanwhile, the rapidly growing canoe and paddlesports accessory company continues construction on its new plant. Bell will move into its new home beginning in A
adidas-Salomon Q4 Net Declines 6.9% on Double-Digit Sales Decrease
adidas-Salomon reported the 2003 fourth quarter sales declined 4% on a currency-neutral basis “mainly as a result of unfavorable comparisons with the prior year period, where sales in North America and at TaylorMade-adidas Golf were particularly strong”.
Veltex to Acquire Embroidery Firm
Veltex Corporation has signed a letter of intent to purchase MKL, Inc., Anaheim, California, in a cash plus stock transaction. MKL, a private company, specializes in embroidery of logos and other designs on caps and garments for the promotional products i
