Kmart Continues Bleed, May Exit Sports…
Estimates of total additional store closings for the beleaguered discount retailer range from 300 on the low end to almost 600 on the high side. Kmart had 2,114 stores before it closed 283 stores last spring. The company well may be at least a third sma
Bike Bankruptcy Review Postponed…
The January 2nd hearing scheduled to review certain matters in the company’s Chapter 11 case was postponed until Thursday, January 9, 2003…
Sears CEO Under Some Pressure to Show Results Soon
Sears, Roebuck and Co. Chief Executive Alan Lacy was riding high seven months ago. The company's credit card business was cruising along nicely, stores were being remodeled, and Sears' stock hit a four-year high of nearly $60 per share. But
Breach of Contract Suit against American Skiing Is Dismissed
Park City-based American Skiing Co. claimed victory Thursday after a judge rebuffed a New England consortium's lawsuit over its derailed $91.4 million bid to buy Colorado's Steamboat ski resort last year…
Despite Strong Holiday Sales, L.L. Bean Considers Downsizing
Despite a disappointing holiday season for many retailers, L.L. Bean Inc., had its best December ever, but the strong month may not be enough to avoid downsizing in a “deflationary retail market.”
Footstar Athletic Reports Flat December Comps
Footstar, Inc. reported that comparable store sales for the period ended December 28, 2002 increased 2.1%.
Comparable store sales at Meldisco increased 4.0%, and comparable store sales for the athletic segment decreased 0.2%. Due to the calendar shift, s
Big 5 Strategy Wins Over Market…
The largest sporting goods retailer on the West Coast keeps winning over the pundits as they consistently execute against their time-tested strategies. Senior management and buyers alike will often tell vendors, “Don’t try to tell us how to do it, we kno
Everlast Suit Claimant Files Appeal…
The claimant in a $49 million lawsuit against on Everlast Worldwide, Inc. filed an appeal Tuesday after the New York Supreme Court dismissed the original suit…
And She Seemed Like Such a Nice Girl…
Looks like Skechers’ foray into roller skates is coming back to haunt the fashion footwear company yet again. Seems Britney Spears has sued the company for more than $1.5 million, citing breach of agreement, claiming Skechers USA, Inc. used her to plug i
Bike Bankruptcy Review Postponed…
The January 2nd hearing scheduled to review certain matters in the company’s Chapter 11 case was postponed until Thursday, January 9, 2003…
Wall Street Review…
What seemed like an eternity of a Christmas break for many people this year was jolted back to life with a market rally on Thursday that sent the Dow Jones Industrial Average up almost 300 points, or 3.6%, for the week. The S&P 500 followed suit, with th
adidas Announces Uniform Partnership
Effective January '03, adidas has partnered with Betlin, Inc. as the official licensee responsible for the exclusive manufacturing and selling of custom and stock uniforms…
eBags.com Sees Holiday Sales Jump 101%
The online bag retailer announced its third straight positive cash flow quarter and its first ever GAAP profitable quarter (includes non-cash expenses such as depreciation and amortization)…
Shoe Pavilion Reports Q4 Comps Up 3.7%
Shoe Pavilion, Inc. announced comparable store net sales decreased 3.7% and 1.0%, respectively, for the fourth quarter and twelve months ended December 28, 2002 from the same periods last year…
West Marine December Comps Down 9.6%
West Marine, Inc. reported that December sales decreased 4% to $36.8 million versus the same period a year ago. Comparable store net sales decreased 9.6%…
