Genesco Revises Fourth Quarter Sales and Earnings Guidance
Genesco Inc. said it has revised its sales and earnings expectations for the fourth quarter ended February 1, 2003, primarily due to weakness in its Johnston & Murphy business and a period of slow retail sales in the middle of the Holiday season…
Hibbett, Wal-Mart, Kohl’s Continue Solid Gains…
Quick – What do Hibbett and Wal-Mart have in common other than owning small-town markets?
The two, along with Costco and Kohl’s, are the ONLY retailers in the chart on the following chart that reported positive same-store sales growth for January against
Gildan Ups Market Share, Doubles EPS…
Gildan Activewear Inc. reported net earnings of $5.8 million for the fiscal Q1 ended December 29, 2002, up 107% from $2.8 million in fiscal Q1 2002. EPS doubled to 20 cents. Analyst estimates were 16 cents per share…
Reebok Running Collection Nabs Key Product Awards
The accolades keep coming for Reebok's Premier Road, hero shoe of the running collection's Premier Series. In the latest issue of “Runner's World” (March 2003), Reebok's new running shoe is honored with the magazine's highly accla
Callaway 2002 Net Income Jumps 19% on Reduced Revenues
Callaway Golf Company reported net sales for the full year 2002 decreased 3% to $792.1 million versus $816.2 million for the prior year. EPS were $1.03 versus $0.82 in 2001, an increase of 26%. Net income for the full year increased 19% to $69.4 million
Delmore Brothers Join Hilfiger Footwear; Dugan Signs On for Chicago
Courtney Delmore & Trevor Delmore, who are credited with developing and launching the footwear strategy for FUBU in the U.S., have joined the Tommy Hilfiger Footwear team and will handle sales in the Northeast Corridor from New Jersey through New England.
Oakley Launches Strategic Initiative for Women’s Apparel
Oakley Inc. has announced plans to augment and diversify its line of women's apparel. The initiative calls for expansion of the current product line, plus a focused drive to enter new sales markets within the category…
Merrell Continues to Fuel Wolverine Growth
Wolverine World Wide, Inc. reported revenue for fiscal 2002 reached a record $827.1 million, a 14.9% increase from the $720.1 million reported for the full year 2001. Earnings for fiscal 2002 grew to a record $1.15 per share, a 7.5% increase from the $1.
Next, Inc. Launches Motorsports Division
Next Inc. announced the formation of its new Motor Sports Division “RPM Sports USA” to market the Company's specially designed cutting edge “Motor Sports Automotive” line…
Footstar Rapidly Expanding Wal-Mart Partnership
Footstar, Inc. announced that it has reached an agreement with Wal-Mart Stores, Inc. to supply Thom McAn family footwear for up to 1,500 Wal-Mart stores, including the original 300 stores that began selling Thom McAn in October 2002…
Gildan Fiscal Q1 Profits Jump 107% on 16% Sales Growth
Gildan Activewear Inc. reported net earnings rose 107% to $5.8 million for the quarter ended December 29, 2002, or $0.20 per diluted share, up 100% from the first quarter of fiscal 2002. Sales for the first quarter were $102.3 million, up 15.9% from $88.
Nordstrom January Comps Inch Up 0.8%; Year Comps Up 1.3%
Nordstrom, Inc. reported preliminary sales of $316.5 million for the four-week period ending February 1, 2003, an increase of 6.7% compared to sales of $296.6 million for the four-week period ending February 2, 2002. Same-store sales increased 0.8%…
Deep Discounts Mean Retail Stores Feel Pain
Laurie Gilbert traveled down from Freeport Tuesday to look for socks at the Maine Mall. She ended up finding sales she couldn't refuse, and walked away with some compact disks and a pair of shoes — as well as the socks that initially drew her to
Urban Outfitters Q4 Comps Increase 1.3%
Urban Outfitters, Inc. announced total Company sales for the fourth quarter and the fiscal year ended January 31, 2003 were up 13% to $117.8 million from $103.9 million for the comparable quarter last year. Comparable store sales increased 1.3%. Comparab
ShopKo January Comps Decline 2.6%
ShopKo Stores, Inc. reported consolidated sales for the four weeks ended February 1, 2003 were $193.0 million, 2.8 percent lower than the $198.7 million reported for the same period last year. Consolidated comparable store sales declined 2.6%…
