SGB Update Outdoor

May Company February Comps Decrease 8.9%

The May Department Stores Company reported preliminary net sales of $846 million for the four-week period ended March 1, 2003, a 7.5% decrease from $914 million in the similar four-week period last year. Store-for-store sales decreased 8.9%…

Federated February Same-Store Sales Down 6.8%

Federated Department Stores, Inc. reported total sales of $985 million for the four weeks ended March 1, 2003. This represents a decrease of 6.0% from total sales of $1.048 billion for the same period last year. On a same-store basis, Federated's Fe

Value City February Comps Decrease 12.1%

Value City Department Stores, Inc. announced total sales for the four weeks ended March 1, 2003, decreased 7.2% to $145.0 million from $156.2 million for the four weeks ended March 2, 2002. The company's same store sales decreased 12.1% for the four

Benneton Unloads Rollerblade Unit to Tecnica

Benetton Group has signed a preliminary binding agreement for the divestiture of its Rollerblade business to Prime Newco, a company of the Tecnica Group, and recent acquirer of the Nordica business…

Kellwood Elects Ruzow and Weaver Corporate VPs

The Kellwood Board of Directors meeting elected Stephen L. Ruzow and Donna B. Weaver corporate vice presidents. Ruzow joined Kellwood as president of Kellwood Womenswear in 2001. Donna B. Weaver was named vice president corporate communications in 2002..

Costco Fiscal Q2 Profit Shrinks on 8% Sales Gain

Costco Wholesale Corporation announced net sales for the second quarter of fiscal 2003 increased 8% to $9.92 billion from $9.21 billion during the second quarter of fiscal 2002. Net income for the second quarter of fiscal 2003 decreased 5% to $182.1 milli

NSGA Report Shows Female Sneaker Purchase Decline

Although females continue to lead males as purchasers
of sports footwear, their lead decreased in 2002, according to data released by the National Sporting Goods Association (NSGA). For 2002, females purchased 53.1% of all sport footwear compared to 54.7%

SGMA: Spending for Athletic Footwear Rose 2.5% in 2002

U.S. consumers purchased nearly 7% more pairs of athletic footwear in 2002 than in 2001, but the average price paid per pair fell by 4.2%. The result was that total spending rose only 2.5%, according to research by The NPD Group…

Coastcast 2002 Loss Expands 352% as Sales Drop 46%

Coastcast Corporation reported sales for the year ended December 31, 2002 were $62.4 million vs. $115.5 million in 2001. The 2002 net loss was $10.4 million vs. a loss of $2.3 million in the prior year. Diluted loss per share was ($1.36) vs. ($0.30).

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%…

Nike Rounds Up Support in Free Speech Fight

The Bush Administration, the ACLU, the AFL-CIO, European entities, and dozens of media organizations have joined forces in urging the U.S. Supreme Court to reaffirm the First Amendment right to free and open debate and to overturn an unprecedented Califor

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

Nike Renews Monitoring Group Deal…

Nike’s plan to renew its funding for a group that is charged with monitoring its factory policies and conditions raises a number of questions about how independent – and effective – such groups can be in their pursuit of fair treatment for millions of fac