Columbia Gets Canadian Duty Penalty Relief…
Columbia and its Sorel unit have been paying additional duties up to 72% since September of last year. The levy was based on an initial Canadian Customs and Revenue Agency finding that nine Columbia footwear models and 37 Sorel footwear models imported f
Benetton Sells Nordica Back to Tecnica…
Benetton Group has agreed to sell its Nordica ski unit to Italian bootmaker Tecnica Group…
Vans May Not Meet Lender Covenants…
Vans Inc., citing losses that it posted in the second quarter, said it might be failing to comply with one or both of its covenants regarding EBITDA under a credit line for its third quarter ending March 1. The company said its lenders have consented to
Four Great Companies to Work For…
REI, WL Gore, Timberland and Nordstrom were once again named to Fortune magazine’s “100 Best Companies to Work For” list. Gore topped the list for the sports-related companies, checking in at #27, seven slots higher than last year’s #34 ranking. Gore, w
Wells Fargo Helps Re-Cap Copeland’s…
Wells Fargo Retail Finance, LLC announced that it has provided a $35 million credit facility for Copeland Enterprises, Inc., operators of Copeland's Sports. The credit facility contributed to the recapitilization of the Company by Bruckmann, Rosser,
Phoenix Takes a Run at Antigua…
Phoenix Footwear Group, Inc., formerly known as Daniel Green Company, has made an offer to purchase Antigua Enterprises, Inc. through a tax-free merger. The deal would see Phoenix acquiring all of Antigua's approximately 15,030,214 shares of outstan
Oakley Sees 2003 Earnings Below Street View…
Oakley shares were off 4.2% for the week after the company reaffirmed its guidance for fourth quarter and issued its initial expectations for 2003. The company sees Q4 earnings per diluted share of approximately $0.03 before a previously announced Europ
Finish Line Q3 Net Loss Widens as Comps Decrease
The Finish Line, Inc. announced net sales increased 4% to $147.9 million for the thirteen weeks ended November 30, 2002 compared to $142.3 million reported for the thirteen weeks last year ended December 1, 2001. Comparable store net sales decreased 1% fo
Rawlings Fiscal Q1 Sales Decline 10%; Reports Loss
Rawlings' first quarter fiscal year 2003 sales were $30.0 million, down 10.3% from first quarter fiscal year 2002 sales of $33.4 million. Net loss for first quarter fiscal year 2003 was $0.7 million compared to a loss in first quarter fiscal year 20
Forzani Group Appoints New CEO and President/COO
The Forzani Group Ltd. has announced the appointment of Robert Sartor to the position of Chief Executive Officer of The Forzani Group Ltd. and Bill Gregson to the position of President and Chief Operating Officer, each such appointment effective February
Sport Chalet Cancels Store at Headquarters in La Canada
A retail store will not be added to the new Sport Chalet corporate headquarters because a second phase of the development project has been canceled, according to the company's owner…
Shoe Carnival December Comps Increase 3.4%
Shoe Carnival, Inc. reported sales December increased 6.4% to $57.0 million. Comparable store sales decreased 3.4%…
The Buckle See December Same-Store Sales Inch Up
The Buckle, Inc. announced that sales for the five-week period ended January 4, 2003 increased 0.8% to $66.7 million. Comparable store sales were down 1.9% for the five-week period ended January 4, 2003…
Stage Stores Dec Comps Decreased 5.8%
Stage Stores, Inc. reported that comparable store sales for the five-week period ended January 4, 2003 decreased 5.8%. Total sales decreased 3.4% to $144.3 million…
Goody’s Dec Comp Store Sales Down 1.5%
Goody's Family Clothing, Inc. reported total sales for the fiscal month of December 2002 of $184.2 million, a decrease of 1.1%. Comparable store sales for December 2002 decreased 1.5%…
