Consumer Confidence Holding Steady…
In spite of market predictions to the contrary, consumer confidence held its ground for the month of June. The confidence index, which is based on both present and future sentiment, sent mixed signals to investors with a rise in future expectations and a
Don’t You Just Love Summer Weddings…
Looks like The Sports Authority and Gart Sports will tie the knot shortly after the preacher asks the shareholder congregation of both companies if anyone knows of any reason why the two may not wed. Barring a last minute run up the aisle by a jilted sui
Dick’s Hints at Southern Strategy…
Dick's Sporting Goods wants to be primarily focused on the “core athlete” and “outdoor enthusiast”, and by the looks of the trend line for the stock the last few weeks, the latter seems appropriate as their chart begins to look more like the north fa
PacSun Adds Brands to Grow Footwear…
Pacific Sunwear may not be the as fashion –forward as many people think, but the teen retailer is adding new brands that will continue to bolster sales and keep the kids coming in the door. PSUN shed their west coast shades and pitched in at the 13th Ann
As Quiksilver Grows Its Brand Portfolio…
Diversification was the word as Quiksilver took the stage in Nantucket, with company CFO Steve Brink pointing to three key areas to exemplify his point. Focus on diversity of brands, distribution and category are key in the company’s strategy to represen
Zodiac Sells Sevylor Leisure Division…
National Ventures has agreed to buy The Zodiac Group’s Leisure division, Sevylor, after a long and successful relationship between the two companies. National Ventures has long been manufacturing the inflatable water sports equipment for the Sevylor bran
adidas-Salomon Sees Continued North America Weakness
At a round-table discussion with journalists at ispo in Munich, Herbert Hainer, adidas-Salomon CEO, re-confirmed full year projections of 5% currency-neutral sales growth, a gross margin of 42-43% and earnings growth of between 10 and 15%. However, curre
Pacific Sunwear Appoints Outlet Head
Pacific Sunwear of California Inc. announced the appointment of Bill Rosenbaum to the newly created position of vice president/GMM Outlet. Rosenbaum was formerly PacSun's VP/GMM of Young Men's and has been with the company since April of 2000…
Goody’s Settles with Hilfiger in Trademark Suit
Goody's Family Clothing, Inc. has reached a settlement agreement with Tommy Hilfiger resolving all outstanding issues arising out of the previously disclosed action brought by Tommy Hilfiger against Goody's…
Kmart Files to Recover $49 Million From Vendor
Kmart Holding Corporation confirms that it has filed a complaint in U.S. Bankruptcy Court for the Northern District of Illinois against Handleman Company to recover the $49 million critical vendor payment Kmart paid to Handleman at the outset of Kmart
EB Acquisition Continues Fight for Elder-Beerman
EB Acquisition, Ltd. has responded to statements made by members of the Board of Directors of The Elder-Beerman Stores Corp. on June 26. Among other issues, these statements addressed the issues of break-up fees in the merger agreement and the process of
Johnson Outdoors to Replace Head of Diving Unit
Johnson Outdoors Inc. is conducting a worldwide search for a new head for the company's Global Diving business based in France, following the departure of Mr. Mamdouh Ashour from the company. The unit manufactures and markets diving equipment and in
Elder-Beerman Acquired by Investment Group
The Elder-Beerman Stores Corp. announced Thursday that it has entered into a definitive merger agreement providing for the sale of the company to Wright Holdings, Inc., a company formed by Goldner Hawn Johnson & Morrison Incorporated. The merger agreement
Nike Breaks $10 Billion Barrier in Fiscal Year; Profits Up 13%
NIKE, Inc. reported Q4 revenues increased 11% to $3.0 bn, versus $2.7 bn for the same period last year. Fourth quarter net income jumped 18.1% to $246.2 million, or $0.92 per diluted share, compared to Q4 2002. Full year revenues increased 8.0% to $10.7
West Marine Warns On Q2 Earnings; Reaffirms on Q3, Q4
West Marine, Inc. announced Thursday that sales for the second quarter would be approximately $232 million to $233 million. Comparable stores sales for the quarter are estimated to decrease by approximately 4.5% to 4.7%. WMAR now expects to earn between
