Clash of the Titans VIII: The Reconciliation Begins…
The dispute between the two biggest kids on the block appears to be softening a bit as both Nike and Foot Locker find new ways to help each other achieve their respective goals without compromising the stand each took in their now nine-month old spat over
As Foot Locker Sees Positive Back-to-School Signals…
While the good news here can’t be heralded as the “Miracle on 34th Street” just yet, Foot Locker is showing signs that it is reaping some benefits from the improving overall retail picture…
Genesco Sees Brighter Back-to-School…
Genesco is also seeing improved traffic and sales patterns at most of its retail units. The Journeys unit did see a 1.0% decline in comp store sales for Q2 while Underground Station posted a 9.0% jump in comps for the quarter on top of a 19% gain in the
Footwear Numbers Reveal a Tough H1 — No Matter How You Look at Them…
In an attempt to be “fair and balanced”, we thought it would be interesting to look at the footwear results for the first 6 months from 4 different perspectives: the financial results of major public footwear retailers, SportsScanINFO data, NPD data and
Dick’s Sees Share Increase Impact EPS…
The sharp increase of the share price of DKS has led to increased exercising of employee stock options that drove total shares outstanding to an estimated 25.5 million shares for Q3, up from 23.0 million shares earlier in the year. Total year shares outs
Galyan’s Pulls the Plug on Guidance…
Galyan’s got hurt on Wall Street last week after telling analysts that it expected difficult conditions to continue and it would no longer provide guidance on earnings and gross margins. Shares were down 13.7% for the week to close at $10.82 on Friday…
Hibbett Has License to Kill (the Competiton)…
Hibbett Sporting Goods bested analysts’ second quarter earnings estimates by a penny and then went on to tell the market that business is starting to get better.
HIBB said it expects third quarter earnings per share of about 24 cents to 26 cents, up 14.2
Shoe Carnival Hit by Seasonal Issues…
Shoe Carnival was plagued by slower traffic in the second quarter, as slow-moving seasonal product – notably sandals – forced the retailer to increase promotional activity to liquidate the goods. The result was narrower margins and lower comp store resul
Lotto Sees Some Control Changes …and Pulls Out of Burma
The 50% shareholder of Lotto SpA stock, Enerlux S.A., has seen 45% of their shares transferred from Roberto Danieli to Andrea Tomat, Adriano Sartor and Gianni Lorenzato, who together already had a 55% control over the company…In other news, Lotto is pul
Be One Lands in North America With Canadian Distributor
After recently changing the distribution strategy in Germany, Be One Bikes signs an agreement with Orange Sport Supply Inc. for the exclusive distribution of Be One Bikes in Canada…
SGMA: U.S. Sporting Goods H1 Imports See Robust Growth
According to SGMA International’s analysis of data from the U.S. Commerce Department, sporting goods imports for the first half of 2003 compared to 2002 increased by 8.8% . In 2002, imports had declined by 1.5% compared with 2001…
Cannondales Bedford Plant Will Be Strictly Cycles
Beginning early next year, Cannondale will begin outsourcing the production of its cycling apparel and accessory lines. The move will allow the company to focus its Bedford, Pennsylvania factory exclusively on bicycle manufacturing…
Schure Sports Expands Karbon
Schure Sports Inc. is extremely pleased to announce the promotion of an existing team member and welcome onboard three well-respected industry greats who will definitely make a huge impact on KARBON's share of the marketplace and improve customer ser
Stage Stores Q2 Net Income Dips 12.5% on 3.5% Comp Store Decline
Stage Stores Inc. announced that net income for the second quarter ended Aug. 2, 2003 was $9.1 million, or $0.45 per diluted share, compared to $10.4 million, or $0.47 per diluted share, for Q2 2002. Total sales for the 13-week period increased 0.1% to $2
The Bon-Ton Posts Q2 Profit as Comps Inch Up
The Bon-Ton Stores, Inc. reported income of $858,000, or $0.06 per share, for the second quarter of fiscal 2003, compared to a net loss of $1.6 million, or $0.10 per share, for the second quarter of fiscal 2002. Total sales for the quarter decreased 0.5%
