Bon-Ton Struggles in Q1 with Beerman Acquisition
The Bon-Ton Stores reported a net loss of $5.6 million, or $0.35 per share, for the first quarter of fiscal 2004 compared to a net loss of $2.9 million, or $0.20 per share, for the first quarter of fiscal 2003…
Stage Stores Net Income Climbs 41%
Stage Stores reported that net income for the first quarter, 2004 increased 41.0% to $18.9 million from $13.4 million for the prior year first quarter. Due to the higher number of diluted shares outstanding in this year's first quarter versus last ye
Egeck Named President of Outdoor – North America at VF
VF Corporation announced changes in leadership designed to support the continued growth and expansion in its Outdoor Coalition. Mike Egeck, currently President of The North Face, has been named President of Outdoor – North America. In his new role, Egeck
Hibbett Q1 Net Income Jumps 53.4% on 8.8% Comp Sales Gain
Hibbett Sporting Goods reported that net sales for the first quarter ended May 1, 2004 increased 21.3% to $96.5 million compared with $79.6 million for the year-ago period. Comparable store sales increased 8.8%. Net income increased 53.4% to $8.1 millio
Torpedo Sports to Liquidate Subsidiary
Torpedo Sports USA, Inc. has evaluated the future business prospects for its children's snow products and related business conducted by its wholly owned subsidiary, Torpedo Sports, Inc. of Canada, as previously announced on February 4, 2004. Followi
Big Dog Holdings Q1 Loss Widens on Acquisition Expenses
Big Dog Holdings, Inc. reported consolidated net sales for the first quarter ended March 31, 2004 were $21.9 million as compared with $15.4 million in the first quarter 2003. Consolidated retail store sales increased 43% due to the addition of $5.3 millio
The Finish Line Issues Statement After Foot Locker CEO Makes Charge
The Finish Line, Inc. issued a press release late Thursday in response to comments made by Foot Locker chairman and CEO Matt Serra on a conference call with analysts following FL's Q1 earnings release. Finish Line said they issued the statement due
Buck Knives Announces Early June Groundbreaking for New Facility
Executives of Buck Knives Inc. signed documents to commence construction on their new headquarters in Post Falls, Idaho, marking the first step toward moving their manufacturing facility from it's current home in El Cajon, CA. A staggered transition
Nautica Sponsors U.S. Sailing
Nautica has signed as the “Official Apparel Supplier” of US SAILING, national governing body of the sport, to dress the 2004 US Sailing Teams. According to the sponsorship agreement, Nautica will outfit the 130 members of the US Sailing Team, US Disabled
Columbia Appoints New Legal Chief
Columbia Sportswear announced that, effective July 15, 2004, Carl Davis, VP/General Counsel, will be leaving that position and assuming the new position of VP of Governmental Affairs. Davis will work part-time as he transitions toward full retirement. Pe
Foot Locker Q1 Net Income Up 20.5% on Small Comp Gain
Foot Locker, Inc. reported that income from continuing operations for the first quarter ended May 1, 2004 increased 20.5% to $47 million, or 31 cents per share, compared with $39 million, or 27 cents, in Q1 last year. EPS rose 14.8%. Net sales increased
SGMA: Apparel Sales Down on Declining Prices
Consumer spending for sports apparel declined 2.1% in 2003 to $37.0 billion, according to research by The NPD Group, but other signs indicate that consumer enthusiasm for casual, sporty clothing is on the increase. Consumers actually purchased 3% more it
Sporting Goods Industry Lobbies Congress for P.E. Support
A plethora of sporting goods industry executives plus a number of sports superstars arrived on Capitol Hill to help fight childhood obesity. These champions of sport brought a message: ‘There’s an overwhelming need for daily P.E. in our schools, which wil
NRF: More Than Half of Consumers Affected by Higher Gas Prices
Just as the retail landscape started to stabilize, rising prices at the pump are shifting consumers’ spending habits once again. Although nearly half of consumers (43.2%) do not believe gas prices will have a major impact on their spending, others are cho
Montrail Sees 33% Growth in Q1
According to Montrail, new products, strong sell-through, and a healthy retail climate have all contributed to Montrail's leap in first quarter sales for 2004. Q1 sales for the Seattle-based outdoor footwear manufacturer have grown by 33%. The first
