Gildan Fiscal Q2 Net Income Up 36% on 10% Sales Gain, Special Charges
Gildan Activewear Inc. reported net earnings in U.S. dollars before a special charge amounted to $14.1 million, or $0.48 per diluted share, up respectively 36.9% and 37.1% from the second quarter of fiscal 2002. Sales were a second quarter record of CN $
Gottschalks April Comps Down 3.0%
Gottschalks Inc. announced that April 2003 same store sales decreased 3.0% from the prior year. Total sales decreased 5.7% to $43.0 million from $45.6 million in April 2002. During the month the Company operated seven fewer stores than in the same period
Goody’s April Comp Store Sales Up 5.6%
Goody's Family Clothing, Inc. reported total sales for the month ended May 3, 2003 were up 4.2% to $95.1 million, compared to $91.3 million in April 2002. Comparable store sales increased 5.6%…
Oregon Bank Parent Names Nike’s DeStefano to Board
Umpqua Holdings Corporation, parent company of Umpqua Bank and Strand Atkinson Williams & York, increased its focus on the Portland market by adding Nike President of USA Operations Gary DeStefano to its board of directors…
Galyan’s Name New Apparel GMM
Robert B. Mang, Chairman and CEO of Galyan's Trading Company, Inc. announced the appointment of Jeff Brown to the position of Senior Vice President, General Merchandise Manager Apparel. Jeff joins Galyan's after more than 28 years with Kaufmann&
Kellwood Acquires XOXO Apparel License
Kellwood Company announced it has acquired the XOXO license for sportswear, dresses and intimate apparel from Global Brand Holdings. Kellwood's acquisition of the license is subject to the closing of the sale of the XOXO trademark by Aris Industries
Global Brands Acquires Aris Brands
Aris Industries, Inc. announced Wednesday it has signed a definitive trademark purchase agreement with Global Brand Holdings, LLC (“Global”) providing for the sale of the XOXO, XOXO IN AMERICA AND ABROAD, FRAGILE and LOLA trademarks and related assets for
Escalade Ups Stake in STIGA Parent
Escalade, Inc. has increased its ownership interest in Sweden Table Tennis AB from 37.5% to 50%. Sweden Table Tennis AB owns the STIGA table tennis brand name and is the recognized leader in table tennis design and engineering. Sweden Table Tennis AB repo
Foot Locker Shuffles the Upper Deck
The strength of the retailer’s European business, and the planned growth there, made the resignation of Foot Locker Europe CEO Simon Rider a surprise to many. Foot Locker's major expansion plans in Europe were counted on to offset the weakening US b
NPD Responds to NetRatings Patent Suit
The NPD Group, Inc. announced Monday that it filed its response to litigation brought by NetRatings, Inc., an affiliate of VNU NV. NetRatings alleges that NPD infringes upon a patent, which according to the Complaint covers “a system and method for loggi
Aussie Apparel Projects $280mm in U.S. Revenues through 2008
Aussie Apparel Group Ltd. announced that it has received its first domestic orders for its Hot Tuna brand for shipment to US retailers in September and October. The Company is utilizing the Hot Tuna label as its platform for entry into the US market…
Saks, Inc. Acquires Midwest Teen Retailer
Retailer Saks Incorporated announced it has acquired Club Libby Lu, LLC. Club Libby Lu owns and operates 11 mall-based Club Libby Lu stores, predominantly in the Midwest, catering to pre-teen girls…
Filene’s Basement Appoints Politzer EVP Merchandising
Value City Department Stores announced that Jerald Politzer has joined its Filene's Basement segment as Executive Vice President of Merchandising. Mr. Politzer was most recently Chairman and Chief Executive Officer with Salant Corporation…
Kmart Exits Chapter 11, Names Lampert Chairman
Kmart Holding Corporation announced that the Board of Directors of the Company has appointed Edward S. Lampert, Chairman and Chief Executive Officer of ESL Investments, as Chairman of the Board. Kmart emerged from bankruptcy court protection Tuesday.
KSA Offers Survival Strategies for Difficult Economic Times
Retailers must focus their attention on eight retail priorities to survive in difficult economic times says Phil Kowalczyk, Managing Director, North America for Kurt Salmon Associates (KSA). “Successful retailers know they must consistently focus on devel
