New President Named of TJX Canadian Division
The TJX Companies, Inc. has announced that David Margolis will retire from active management of its Canadian division, Winners, effective June 27, 2003. Michael MacMillan, Winners' Executive Vice President, Merchandising and Planning, will assume th
West Marine May Comp Store Sales Dip 1.5%
West Marine, Inc. reported that net sales for the four weeks ended May 24, 2003 were $74.5 million, a 27.0% increase from net sales of $58.7 million for the same period a year ago. Comparable store net sales decreased 1.5%…
GolfGear Q1 Loss Widens as Sales Increase 44%
GolfGear International Inc. reported net sales of $545,245 for the first quarter of 2003, a 44.3% increase over the $377,780 recorded for the same quarter last year. the company had a net loss applicable to common shareholders of $502,601 for the quarter
The U.K. Sees Sluggish April at Retail…
Reports from the Office for National Statistics in the U.K. reflect a retail environment mirroring the sluggish U.S. retail trend. April sales gained a meager 0.3% against the previous month. The U.K. is experiencing its slowest annual rate since May 19
Bat Companies Come Out Pro-Choice…
The Massachusetts Interscholastic Athletic Council voted 12-5 on Thursday to allow the use of aluminum bats in regular-season games next year. The MIAC is the rule making body of the Massachusetts Interscholastic Athletic Association…
It’s All In The Timing…
Federated Department Stores has decided to broaden the use of the venerable Macy’s nameplate throughout the company’s multitude of department store brands. Initially slated for Atlanta and the merger of the Rich’s and Macy’s group there, the largest depa
Yue Yuen Expanding Apparel Empire…
On the heels of its recent move to acquire 73% of apparel manufacturer Pro Kingtex Industrial Co Ltd, footwear-maker Yue Yuen is now reportedly close to a deal with Taiwanese sportswear maker Quang Viet Enterprise Co…
O’Neill Riding Surfer Girl Wave…
After Pacific Sunwear anmed them as one of their top three vendors in both juniors and young men’s apparel, O'Neill Clothing has seized the opportunity to expand the traditional surf brand into the swimwear and girls 7-14 to its juniors line…
Phoenix Takes on Buffalo in San Diego…
Phoenix Footwear Group has signed a letter of intent to acquire H.S. Trask & Co., the Montana-based designer of men's casual boots and shoes started by former Reebok executive, Harrison Trask. Trask, who designs and develops footwear from buffalo an
Bean Moving on Bauer Deal…
Looks like L.L. Bean is getting serious about a possible Eddie Bauer acquisition. The idea first surfaced a few weeks ago after Bauer parent Spiegel filed for Chapter 11 bankruptcy protection and started closing EB stores and terminating employees…
Brunswick Lays Up Short, Takes Par…
Based on “developments” in the ongoing negotiations between Life Fitness and Precor over a lawsuit related to patent rights held by Precor for its cross trainer design, Life Fitness parent Brunswick Corp. will establish a $25 million reserve related to th
Nike Nabs James in Endorsement War
LeBron James has signed a multiyear shoe and apparel deal with Nike for contract likely to approach $100 million.
A Nike spokesman confirmed late Wednesday night that the St. Vincent-St. Mary senior had agreed to a contract with the Swoosh, but said terms
Brown Shoe Sees 18% Q1 Net Income Gain on Flat Sales
Brown Shoe Company, Inc. reported an 18% increase in net earnings to $9.0 million, and a 14% gain in diluted earnings per share to $0.49, for the first quarter of fiscal 2003 ended May 3, 2003. This compares to net earnings of $7.6 million, or $0.43 per
Upper Deck Inks LeBron James Deal
The Upper Deck Company LLC announced Thursday the signing of hoops phenom LeBron James, one of the most highly-touted young talents in basketball history, to his first professional sponsorship deal…
ShopKo Sees Q1 Loss as Sales Dip 2.9%
ShopKo Stores, Inc. announced sales and earnings for the first quarter ended May 3, 2003. Consolidated sales were $707.9 million compared with $728.8 million for the same period last year. Comps decreased 2.7%. Net loss for the quarter was $1.1 million
