PacSun February Comps Grow 14.8%
Pacific Sunwear of California Inc. reported that same store sales increased 14.8% for the comparable four-week period ended March 1, 2003 with PacSun same store sales up 10% and d.e.m.o. same store sales up 49%…
Pacific Sunwear 2002 Profits Surge 80% on 24% Sales Jump
Pacific Sunwear of California Inc. reported total sales for fiscal 2002 increased 23.6% to $846.4 million. Same-store sales increased 9.7% for the comparable 52 week period ended Feb. 1, 2003. Net income for fiscal 2002 increased 80% to $49.7 million, o
Mountain Equipment Co-op Launches OutdoorGearSwap.com
Mountain Equipment Co-op (MEC), Canada's leading supplier of outdoor gear, just launched a full-featured on-line gearswap called OutdoorGearSwap.com…
Nike Rounds Up Support in Free Speech Fight
The Bush Administration, the ACLU, the AFL-CIO, European entities, and dozens of media organizations have joined forces in urging the U.S. Supreme Court to reaffirm the First Amendment right to free and open debate and to overturn an unprecedented Califor
Lauderdale Lakes Leaders Cope with Loss of Sports Authority HQ
This city is dusting itself off again from the loss of another major business, this time the corporate headquarters for Sports Authority. The Lauderdale Lakes-based sporting goods company that began in 1987 announced last week it would merge with Color
GBMI Gets Attitude in New Pony Deal…
Rumors have been flying for weeks about a mysterious “Brand Six” that was about to be added to the stable at GBMI. Speculation ran from GBMI buying an athletic performance brand to acquiring a skate shoe company. A section of their new headquarters in S
Puma Grows U.S. Business 70% in Q4…
Puma shares rose just 1.3% for the week after another extraordinary report on fourth quarter and full-year 2002 sales and profits. The limited rise in price was due no doubt to the fact that the stock rose 91% last year and the benefit this last week was
Wolverine: Onward and Upward, without Athletic Specialty
At a recent Bear, Stearns Investor Conference in NYC, WWW EVP and CFO, Stephen Gulis described the rapid rise in fortunes at Wolverine…
Nike Renews Monitoring Group Deal…
Nike’s plan to renew its funding for a group that is charged with monitoring its factory policies and conditions raises a number of questions about how independent – and effective – such groups can be in their pursuit of fair treatment for millions of fac
Brown Shoe Sees IMPACT of Initiatives…
Brown Shoe Company announced dramatically higher earnings for fiscal 2002 as a direct result of management’s turnaround initiatives. With the effects of nonrecurring gains and nonrecurring losses factored out, the company's earnings rose 56% for the
Creditor Takes Lead in Cannondale Bid…
Cannondale’s creditors weren’t happy with bankruptcy proceedings on Friday that saw the appointment of one the company’s largest creditors, Pegasus Partners II, as the “stalking horse” in auction proceedings scheduled for March 20, 2003 Company assets…
REI Gains With Multi-Channel Strategy…
While most retailers in our industry gave up on the Internet after its initial hype — and sold out their online brand presence to someone else — we are starting to see investments in the category start to pay off for some key retail nameplates…
Deckers Positions Brands for Growth
DECK shares were off 5.3% for the week to close at $4.60 on Friday even as the company surpassed analyst’s earnings estimates. Net earnings for the quarter nearly tripled to $1.36 million, compared to $506,000 in the previous year's quarter…
Stride Rite Sees FY03 Cap Ex Down 17%
According to its 10-K report filing, Stride Rite Corp. expects to see a 17% decrease in Cap Ex versus fiscal 2002. SRR expects capital expenditures of $10 million for the year ending November 28, 2003. The company posted capital expenditures of $ 12.1
Buffett Walks on Burlington Deal…
Berkshire Hathaway, Inc. has cancelled its $579 million cash offer to acquire Burlington Industries, Inc. out of bankruptcy court. The deal, initially announced February 11, 2003, was terminated by Warren Buffett’s BRK after a Delaware bankruptcy judge b
