Pacific Sunwear Q4 Net Jumps 48%; Comps Increase 12%
Pacific Sunwear of California, Inc. reported that net income for the fourth quarter increased 48% to $34.3 million, or 43 cents per diluted share, compared to $23.2 million, or 31 per diluted share, for fiscal Q4 2002. Total sales for Q4 ended January 31,
Footstar Permitted Access to Credit Facility
Footstar has received interim court approval to access a new $300 million debtor in possession (DIP) financing package that was committed to it by a bank group led by Fleet National Bank and GECC Capital Markets Group, Inc. This credit facility is now ava
Pacific Sunwear Continues Double-Digit Comp Gains in February
Pacific Sunwear of California Inc. reported that total sales for the four weeks of February of fiscal 2004 were $67.7 million, an increase of 26.8% over total sales of $53.4 million for the four weeks of February of fiscal 2003. Company same store sales i
February Comps Jump 24.4% at Neiman Marcus
The Neiman Marcus Group announced in the four-week February period, comparable revenues increased 24.4%. The Company experienced strong sales trends in all of its geographic regions.
Coastcast Cuts Q4 Net Loss 77% as Sales Increase 26%
Coastcast Corporation reported sales for the fourth quarter of 2003 increased 25.6% to $10.2 million from $8.1 million in the year earlier quarter. The net loss for the quarter narrowed considerably to $574,000, or 8 cents per diluted share, versus a net
West Marine Reports 13.8% Comp Sales Increase for February
West Marine net sales for the four weeks ended February 28, 2004 were $35.5 million, a 14.0% increase from net
sales of $31.1 million for the four week period a year ago. Comparable store net sales for February increased 13.8% compared to the same period
Callaway Expands Trade In Program to Include Other Brands
Callaway Golf Company announced plans to expand its successful Trade In! Trade Up! program to include products from other golf brands. Acting on strong feedback from consumers and retailers, Trade In! Trade Up! will now make it easy for owners of other ma
American Eagle February Comps Up 15.2%
American Eagle Outfitters total sales for the month ended February 28, 2004 increased 27.3% to $94.6 million, compared to $74.3 million for the month ended March 1, 2003. Comparable store sales for the American Eagle Outfitters stores increased 15.2% for
NRF: Retail Execs Saw February Increases
The American consumer continued to shop and spend at high levels in February, according to the latest findings of the NRF Executive Opinion Survey, a monthly index by the National Retail Federation (NRF). The Retail Sector Performance Index (RSPI) dipped
Mavis to Oversee All Product at Brooks
Brooks Sports, Inc. has elevated Stan Mavis to senior vice president of product. Formerly senior vice president of apparel and accessories, Mavis will now take on new footwear management responsibilities to help Brooks leverage recent brand and category g
La Sportiva Lowers Prices on Rock-Climbing Shoes
La Sportiva is lowering wholesale/MSRP prices on all Italian-made rock shoes by 15% to 20%, as reported in The B.O.S.S. Report (BOSS_0405). This means the award-winning Testarossa, formerly $160, will now cost $130. The Venom, its slipper counterpa
Nike Makes U.S. Management Changes
Nike is apparently re-shuffling roles for some key managers in the U.S. market. Claire Hammill, formerly VP of U.S. Commerce and Retail is now VP/GM of New Business Development. Elliot Hill, Formerly VP of U.S. Retail is now VP of U.S. Commerce and Retai
Giuliani Partners Invests in CamelBak
Giuliani Partners announced that it is becoming a strategic investor in CamelBak Products. According to Giulliani Partners, “CamelBak has developed a superior product with applications that extend well beyond the sports and recreation market into the real
Forzani Cuts Full Year Earnings Forecast; Sees Q1 Momentum
The Forzani Group Ltd. reported that net earnings for the fourth quarter will be between C$0.46 and C$0.48 per share versus C$0.43 per share in the prior year. The company has revised its earnings guidance for the year ended February 1, 2004 to between C
BackcountryStore.com Reports Seventh Year of Triple Digit Sales Increases
BackcountryStore.com reported record sales for 2003, with an increase of 134% year-over-year versus 2002. The increase is the 7th year in a row of triple digit growth for the company. In addition, the fourth quarter of 2003 was BackcountryStore.com’s bigg
