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
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
Bill Dodge Appointed Marketing Manager for Dunham
In an effort to build on the momentum gained in 2003, Boston-based Dunham announces that Bill Dodge will assume the role of Marketing Manager for the brand. In this new role, Dodge will be responsible for all aspects of the Dunham product development team
Timberland Q4 Net Income Jumps 46% on Strong Global Growth
The Timberland Company reported fourth quarter net income of $39.5 million, or $1.10 per per diluted share, compared with net income of $27.1 million, 73 cents per per diluted share, in the year-ago quarter 2002. Fourth quarter revenue increased 16.4% to
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
Vail Gets Approval for Major Keystone Expansion
Adam Aron, chairman and chief executive officer of Vail Resorts, announced Tuesday that effective immediately the U.S. Forest Service has approved the addition of an impressive 861 acres of ski terrain to the Keystone Ski Resort. The new terrain, known as
Kellwood Completes Phat Fashions Acquisition
Kellwood Company has completed the purchase of Phat Fashions, its licensing organization and its trademarks, Phat Farm, Baby Phat, and Phat. Phat Fashions will operate as a subsidiary of Kellwood. Russell Simmons will remain at the helm of Phat Fashions
Gildan Activewear Announces Succession Plan
Gildan Activewear Inc. announced that H. Greg Chamandy would assume the newly- created role of Chairman of the Executive Committee of Gildan Activewear in addition to his continuing responsibilities as Chairman of the Board of Directors, while Glenn J. Ch
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
