Timberland, First Quarter 10-Q
- Total sales $271 mm, up 20%, or $45 mm from Q1 2002.
- International increase was $33 mm, of which $18 mm was attributable to foreign exchange rates.
- At constant currency, growth was up 12%.
Skechers (Q1 Report Week 0317)
- Domestic (wholesale) sales were $147 mm vs. $185 mm in Q1 2002, declining to 71% of total sales from 76% in the year-ago quarter.
- Expect to open 25-30 new doors in 2003, six of which have been opened to date.
- Expect Q2 sales to be $200 mm
K-Swiss (Q1 Report Week 0317)
- Sold 4.5 mm pairs in the quarter.
- Average selling price decreased to $24.71 from $25.20 in Q1 2002.
- Classics business increased 58%.
- Margins decreased to 43.5% from 44.7 % due to “recognition of guaranteed royalty payments to National
Shoe Carnival
- Average store is 11,600 sf, with $2.7 mm annual sales and has 30,000 pairs of shoes in inventory.
- Plans to open 40 doors in 2003 and expand at 20% per year thereafter. All stores are leased.
- Focused on growing Women’s non-athletic.
Genesco
- Journey’s is 53% of total net sales and 64% of profits. Operating margins at Journey’s is 12.2%, down from 13.6% in Q1 LY. 2003 comps were flat.
- Journey’s operates 579 stores, averaging 1600 square feet.
- Average selling price decli
Reebok Goes “DOH” in Classic Campaign…
Just when you think the brand finally has its message right. Right when retailers are starting to feel like the brand might mean something again to the trend-setting urban male. Someone comes up with a campaign that makes even the most loyal Reebok supp
Shoe Carnival Q1 Profits Dip 10% on 5.8% Sales Increase
Shoe Carnival, Inc. announced net earnings for the first quarter ended May 3, 2003 decreased 10% to $5.1 million as compared with net earnings of $5.7 million in the first quarter ended May 4, 2002. Diluted earnings per share decreased 11% to $.39 per sha
Varsity Brands Narrows Q1 Loss on 26.7% Sales Increase
Varsity Brands, Inc. announced that revenues for the first quarter of 2003 increased to $23.7 million, or 26.7%, from $18.7 million in revenues for the first quarter of 2002. The Company reported a net loss of $2.6 million, or ($0.28) per share, for the f
Everlast Q1 Profits Fall 96% as Sales Slide 21.5%
Everlast Worldwide Inc. reported net sales for its first quarter ended March 31, 2003 were $12,355,283 as compared to $15,734,596 reported in 2002. Net income available to common stockholders (after giving effect to the redeemable preferred stock dividen
Warnaco Almost Triples Q1 Pro Forma Net Income
The Warnaco Group, Inc. net revenues for the two-month period since it emerged from bankruptcy totaled $326.3 million and net income totaled $22.6 million and earnings per share totaled $0.50. Warnaco emerged from bankruptcy on February 4, 2003, and the
Kohl’s Q1 Net Income Up 4.1% on 13.2% Sales Increase
Kohl's Corporation reported net sales for the first quarter were $2.1 billion, an increase of 13.2% over the same period a year ago. Net income for the quarter was $111 million, a 4.1% increase over the $107 million reported for the same quarter a ye
Oldham Promoted to RSM for Wilson Golf
Joe Oldham, formerly Territory Manager for Wilson Golf, has been promoted to the position of Western Regional Sales Manager, Wilson Golf & Racquet Sports. Oldham will focus specifically on golf accounts. In his new position, he will direct a staff of 1
Amerex Taps Rubenstein Associates as PR Firm
Amerex Group, Inc. President & CEO Glenn S. Palmer has announced the hiring of Rubenstein Associates, Inc. as Amerex's public relations agency.
New Balance to Sponsor Major League Lacrosse
New Balance Athletic Shoe, Inc. announced that it will sponsor Major League Lacrosse, the premiere professional outdoor lacrosse league. The league launches its third season this year…
Cybex Posts Q1 Loss on 9.0% Sales Increase
Cybex International, Inc. reported net sales for the quarter ended March 29, 2003 were $20,608,000, representing an increase of 9% compared to net sales for the first quarter of 2002 of $18,913,000. The net loss for the quarter was $1,787,000, or $0.20 p
