KHS Offers New Financing Package
KHS and American General Finance (AGF) have joined forces to provide retailers with financing for their customers for the purchase of KHS and/or Free Agent Bikes…
Everlast Q3 Net Income Falls 75% on 4.9% Sales Decline
Everlast Worldwide Inc. reported net sales declined 4.9% to $16.1 million for the third quarter ended September 30, 2003, compared to $16.9 million in the year-ago period. Net licensing revenues increased 14.8% to $1.6 million vs. $1.4 million in the 200
Kohl’s Q3 Net Income Decreases 9.1% on Lower Comp Sales
Kohl's Corporation reported net sales for the third quarter increased to $2.4 billion from $2.1 billion a year ago, an increase of 11.7%. Comparable store sales declined 1.3%. Net income was $121.2 million or $0.35 per diluted
share, compared with $1
Solidarity Fund To Sell 2.5 Million Gildan Shares
Gildan Activewear confirmed that the Solidarity Fund QFL had informed the Company of its intention to sell, in an orderly manner, its entire equity position in Gildan, amounting to close to 2.5 million class A subordinate voting shares…
Payless Swings to Q3 Loss on 1.4% Comp Sales Decline
Payless ShoeSource, Inc. posted a loss of $2.2 million, or $0.03 per diluted share, for the third quarter of fiscal 2003, compared to net earnings of $29.6 million, or diluted earnings per share of $0.43, during the third quarter of fiscal 2002. Company
WaterMark Revamps Management Team
WaterMark announced that Andy Papademetriou has joined WaterMark's management team as vice president of product development. Joe Pulliam has been promoted to executive vice president of business development and will remain at the Easley, S.C. facilit
Timberland Announces Stock Repurchase Authorization
The Timberland Company today announced that its Board of Directors has authorized the repurchase of up to an additional four million shares of the Company's Class A Common Stock. This additional program supplements the Company's current four mil
WL Ross Completes Burlington Acquisition
WL Ross & Co. has completed the purchase of Burlington Industries previously approved by U.S. Bankruptcy Judge Newsome, and the simultaneous sale of Lees Carpets to Mohawk Industries, Inc. CIT Business Credit, Inc. has provided the new company with an $85
TJX Q3 Sales Up 11% – Comps Up 3%
The TJX Companies announced sales and earnings results for the Q3 ended October 25, 2003. Net sales for the third quarter were $3.4 billion, an 11% increase over last year, with consolidated comparable store sales up 3%. Net income was $183 million and di
J. C. Penney Q3 Income Down On 1.7% Comp Store Gain
J. C. Penney Company third quarter income from continuing operations of $0.27 per share compared with $0.30 per share in last year's quarter. Earnings were in line with management's recent guidance.
May Department Stores Q3 EPS Up on Decreased Sales
The May Department Stores results for the third quarter of fiscal 2003 earnings per share were 15 cents, compared with earnings per share of 5 cents in the similar period a year ago. Net earnings were $47 million, compared with net earnings of $16 millio
Schoeller Opens New Korean Office
Schoeller Switzerland is opening a new office in Korea at a ceremony on October 10 in the Grand Hyatt Hotel in Seoul. In an effort to increase the company’s support to the very important and fast growing Korean market, this new facility will serve as a ma
Amerex Brings in a Trio of New Faces
Amerex Group has appointed Adam Berkman, chief financial officer. Mr. Berkman joins Amerex Group from Accruent Inc., a contract management software company that he co-founded, that counts over 100 of the Fortune 1000 companies as clients. He will report
Gildan Moves into Russell’s Backyard with GA Plant Purchase
Gildan Activewear Inc. has formed a 50%/50% owned joint venture company with Frontier Spinning Mills, Inc., and that the new joint venture company had acquired all of the assets of an existing yarn-spinning facility located in Cedartown, Georgia…
Sports Supply Swings to Q3 Loss on Team Dealer Closures
Sport Supply Group, Inc. reported that net sales for the third quarter ended September 26, 2003 inched up 1.4% to $25.9 million from $25.5 million in the year-ago period. During the quarter, SSPY began closing certain of its team dealer operations — inc
