Spiegel Starts to Make Re-Org Cuts
As part of its ongoing reorganization process, The Spiegel Group announced that it plans to close one of its customer sales and service centers, that its Eddie Bauer division has restructured its headquarters workforce and that it has realigned its corpor
Cannondale Completes Asset Sale to Pegasus
An upbeat, optimistic Cannondale concluded its rapid transition through the Chapter 11 bankruptcy process Monday with the closing on the sales of the assets of its bicycle and motorsports divisions to affiliates of Pegasus Partners II, L.P. Cannondale ha
Coastcast Posts $2.7 mm Q1 Loss as Sales Plunge 51%
Coastcast Corporation reported sales for the first quarter ended March 31, 2003 were $10,731,000 as compared to $21,956,000 for the same period in 2002, net (loss) income was ($2,736,000) vs. $723,000, and diluted (loss) earnings per share were ($0.36) vs
Escalade Sports Renews Labor Union Contract
Escalade Sports, a wholly owned subsidiary of Escalade, Inc., announced its union employees have ratified a new three-year labor agreement at its Evansville manufacturing facility. The successful negotiation of this agreement ensures there will be no disr
Yue Yuen Buys Stake In Sportswear Maker
Sports shoe giant Yue Yuen Industrial (Holdings) Ltd on Friday announced it has bought a 73% stake in sportswear and casualwear maker Pro Kingtex Industrial Co Ltd. The deal is reportedly worth $3.8 million…
Retailers Welcome Debit Card Lawsuit Settlement
The National Retail Federation has welcomed the settlements reached with Visa and MasterCard this week in a federal antitrust lawsuit brought by U.S. merchants against the two companies regarding their debit card practices. The settlements came in a laws
Best Takes Helm at JD Sports as U.K. Retailer’s Results Falter
U.K. retailer JD Sports revealed a boardroom reshuffle as it revealed “disappointing” set of financial figures. Co-founder John Wardle will move from executive chairman to executive deputy chairman, to be replaced by former Reebok executive Roger Best.
Russell Q1 EPS Up 38% on 6% Sales Gain
Russell Corporation reported fiscal 2003 first quarter net sales of $228.0 million, a 6% increase over the comparable period last year. The company also reported earnings per diluted share of $.11, a 38% increase over the comparable period last year, whi
Big 5 Doubles Q1 Net Income as Comps Inch Up 0.6%
Big 5 Sporting Goods Corporation reported net sales for the fiscal 2003 first quarter that ended on March 30, 2003 increased by $7.4 million, or 4.7%, to $164.5 million from $157.1 million in the first quarter of 2002. Same store sales increased 0.6% ver
Wilson Golf and Racquet Sports Names Management Team
Wilson Sporting Goods Co. has further restructured management at its newly formed Golf & Racquet Sports division. Wilson parent Amer Group announced changes earlier in the week that saw the Golf & Racquet Sports division emerge as a separate operating un
adidas Q1 Hit by Weak Dollar; U.S. Backlog Heading Lower
adidas-Salomon reported sales for the first quarter ending March 31, 2003 increased 2% to €1.67 bn ($1.8 bn). On a currency-neutral basis, sales grew 12%. The Group's net income increased 19% to €51 million ($55 million) in 2003. adidas revenues inc
Ross Stores to Move Headquarters to Pleasanton, CA
Less was not more in this case for Ross Stores Inc., the discount retail chain whose slogan is “Dress For Less.” Having outgrown its long-time home in Newark, CA, the discount retailer said Tuesday that it plans to move its corporate headquarters into a
Genesco Warns on First Quarter Sales and Earnings
Genesco Inc. announced that it currently expects to report total sales in the range of $190 million to $192 million for the first quarter ending May 3, 2003, compared to $190.6 million for the same period last year. The company also stated that total sam
Antigua Completes Sale to Ashley NA
Antigua Enterprises Inc. has completed the $10.25 million sale to Ashley NA, LLC of Antigua's common and preferred shares representing a controlling interest in Antigua. Ashley is owned by Sports Soccer Limited, which owns the Sports Soccer and Lill
Aldila Q1 Loss Narrows on 10% Sales Decline
Aldila Inc. net sales for first quarter fell 10.5% to $10.2 million as the net loss narrowed 15% to $169,000 ($0.03 per share) for three months ended March 31, 2003.