Sports Supply Group Narrows Q3 Loss; Sales Up 8.6%
Sport Supply Group, Inc. announced revenues for the three months ended December 27, 2002 increased 8.6% to $18.5 million. Net loss for the quarter was ($2,358,809) as compared to ($3,695,055) for the comparative quarter last year…
Kmart Receives Exit Financing Approval
Kmart Corporation on Wednesday announced that it has received bankruptcy court approval for the $2 billion in exit financing from GE Commercial Finance, Fleet Retail Finance Inc. and Bank of America, N.A…
adidas Expects 11% Sales Increase in 2002; Net Income Up 10%
Based on preliminary figures, adidas-Salomon sales in 2002 topped euro 6.5 billion, reaching the highest level in the Group's history. This is a 7% year-over-year improvement in euros (2001: euro 6.1 billion) and an 11% improvement on a currency-neut
Russell Acquires Bike Athletic Company
Russell Corporation announced that it had reached an agreement to acquire Bike Athletic Company for $16.25 million. It is anticipated that the U.S. Bankruptcy Court for the Eastern District of Tennessee will approve the agreement in the next few days…
SIA Reports Winter Sports Sales Up 7% Through December
Abundant snowfall coupled with stellar resort conditions led to increased sales in retail stores nationwide through
December. Overall sales for the entire winter sports market increased by 7.0% in dollars to $1.35 bn compared to $1.26 bn in 2001, accord
Rockey Leaves CutterandBuck after Short Tenure
Cutter & Buck Inc. announced that Helen M. Rockey, executive vice president for markets and products, has resigned from the Company, and that Pat Nugent, vice president of merchandising and design, also recently resigned…
Mina Promoted to CEO Foot Locker USA
Foot Locker, Inc. announced that Rick Mina has been promoted to a newly created position of President and CEO of Foot Locker, Inc., U.S.A. He will report to Matthew D. Serra, Foot Locker, Inc.'s President and CEO…
Federated Named as Top Retailer for Executive Women
Federated Department Stores, Inc. announced that the company has been named by the National Association for Female Executives (NAFE) as one of “The Top 30 Companies for Executive Women.”
St. Moritz Rounds Out Canada Rep Coverage
St. Moritz Watch Corporation (SMWC) announced that two new independent agencies have signed on to market their line of watches, stop watches and pedometers. The company appointed Alpine Exposure Inc. and Lightspeed Marketing Inc…
Volleyball Canada Names Tachikara Official Ball
Tachikara announced a new agreement with Volleyball Canada providing the company with notoriety as the “Official Volleyball of Volleyball Canada.”…
Halls Takes CEO Slot at Champs; Anderson Chief Merchant
Foot Locker, Inc. has announced the promotion of Ron Halls to the position of President & CEO, Champs Sports. Mr. Halls previously held the position of Chief Operating Officer, Champs Sports. Marla Anderson has been named EVP Merchandising…
Reebok Triples Q4 Net Income; Full Year Up 23%
Reebok International Ltd. reported net income for the fourth quarter ended December 31, 2002 increased 200% to $16 million compared to net income of $5.1 million in the fourth quarter of 2001. Net Income for the year jumped 23%.
Net sales for the 2002 fo
The NRF Applauds Economy Focus from Dubya
The National Retail Federation welcomed President Bush's focus on the economy in Tuesday's State of the Union address, saying his proposals could significantly bolster the U.S. economy…
CLC Names Top Schools, Vendors
The Collegiate Licensing Company (CLC) announced the top-selling CLC member institutions and manufacturers for the fiscal year-to-date. The rankings represent royalties reported July 1, 2002, through December 31, 2002…
Cannondale Files Chapter 11, Sells All Assets
Cannondale Corporation has announced that it intends to file a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code on today, January 28th.
Cannondale and its lenders have reached an agreement in principle that will provide t
