Dick’s Looks to New Strategies in Fitness, Golf and Outdoor for 2004 Growth…
Dick's Sporting Goods is laying the groundwork for another solid year ahead as it focuses its strategy on increasing business in its fitness and outdoor businesses while it leverages growth in private label to grow margins and sales. The retailer wi
Wall Street Likes What it Hears in New Shoe Carnival Strategy…
Fourth quarter earnings at Shoe Carnival Inc. fell 93% and comparable store sales declined 4.9% versus the year-ago quarter, but The Street appeared to like the company’s forward-looking strategy as they sent SCVL shares up 5.4% for the week to close at $
Quiksilver Sets New Base for Business Growth at $1 Billion…
Quiksilver, Inc. just passed the $1 billion sales mark for the trailing twelve months and is already looking at a $3 billion business down the road as it continues to strengthen its control of its brands worldwide, takes aggressive steps to expand its own
While Savier Shuts Down Its Business…
While DC Shoes found a savior of sorts, it appears that the ol’ Nike magic wasn’t enough to keep the fledgling Savier skate brand alive. The small Portland-based company that was funded in part by Nike in 2001 has shut down operations…
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
Variflex Struggles with the Seasons…
Variflex reported an $800,000 net loss for the fiscal second quarter, an increase of 14.3% from a net loss of $700,000 in the year-ago period. Net sales for Q2 were $8.5 million, down 14.2% from net sales of $9.9 million for Q2 last year. Net loss per di
Hibbett Looks to be More Important to Fewer Vendors…
Hibbett Sporting Goods expects to become more important to a number of vendors this year as they consolidate the business in the hardlines area to do more business with fewer brands…
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
Nike Creates Marathon for Women
Nike has announced the creation of Nike 26.2, a marathon and half marathon for women to be run in San Francisco on October 24, 2004. The event will benefit The Leukemia & Lymphoma Society. Participants can train for the marathon through the Society's
TJX Appoints Group President to Oversee Bob’s Stores
The TJX Companies, Inc. has announced senior management changes that support the Company's ongoing growth plans. Among other promotions of senior management, Peter Maich has been promoted to Senior Executive Vice President, Group President. Mr. Maic
Cutter and Buck to Issue Dividend, Buy Back Stock
Cutter & Buck Inc. is starting a quarterly dividend and a stock repurchase program. The Board of Directors approved a dividend of $.05 a share, payable on April 9 to holders of record on March 26. The Board also approved repurchase of up to $6 million in
