Oakley Establishes Annual Dividend Policy
Oakley, Inc. announced that its Board of Directors had initiated an annual dividend policy and declared the Company's initial regular annual cash dividend of $0.14 per share, payable October 31, 2003, to shareholders of record at the close of busines
Oakley Appoints New Board Member
Oakley, Inc. announced the appointment of Tom Davin to the company's Board of Directors and to the Audit Committee of the Board of Directors. Mr. Davin currently serves as the Operating Partner of Brentwood Associates, a middle-market private equity
Sport Supply Group Q2 Earnings Fall as Sales Dip 3.0%
Sport Supply Group announced net income before cumulative effect of accounting change for the quarter ended June 2003 fell 45.2% to $115,000 compared to $210,000 for the quarter ended June 2002. Net sales for the quarter dipped 3.0% to $26.0 million. In
TJX Q2 Net Income Off 4.9% on 2.0% Comp Store Gain
The TJX Companies, Inc. announced net sales for the fiscal second quarter were $3.0 billion, a 10% increase over last year, with consolidated comparable store sales increasing 2%. Net income was $123 million and diluted earnings per share were $.24, which
JC Penney Narrows Q2 Loss on 2.1% Comp Store Gain
JC Penney Company reported a second quarter loss of $0.02 per share compared with a loss of $0.05 per share in last year's quarter. Department stores Q2 LIFO operating profit more than doubled to $51 million compared with $22 million last year, an i
Next Inc. Taps Howard for Top Sales Slot
Next, Inc. has appointed Stan Howard to the position of Vice President Sales and Marketing for the company. Mr. Stan Howard, through the acquisition of Lil Fan Inc and affiliates by Next, has added significant customers and product lines. Mr. Howard has
George Joins Nike’s Team Jordan
Jordan, a division of Nike, Inc., announced the addition of record-breaking Pro Bowl running back Eddie George to Team Jordan, the elite group of professional athletes hand-picked by Michael Jordan to represent the Jordan brand of footwear and apparel…
True Temper Sees Benefit from Increase in Q2 International Sales
True Temper Sports, Inc. announced that net sales for the second quarter increased 8.7% to $32.5 million from $29.9 million during the second quarter of 2002. Total international sales increased by 23% when compared to the second quarter of 2002. Net in
May Company Posts Q2 Loss on Divestiture Costs
The May Department Stores Company saw a net loss of $100 million, or 39 cents per share, for the second quarter, compared with net earnings of $69 million, or 22 cents a share, in the year-ago period. The Q2 2003 results include a charge of $318 million,
Sun Ice Withdraws Acquisition Plan
Sun Ice Limited and the company set up to take it private have jointly announced that the plan to execute the transaction has been withdrawn. The purchasing company was set up as a holding company wholly-owned by Sylvia Rempel, the President, CEO and Cha
Tropical Sportswear Board Cleans House in the Executive Suite
Tropical Sportswear has terminated the employment of Christopher B. Munday, the former President and CEO, N. Larry McPherson, the former EVP and CFO, and Gregory Williams, the former EVP and General Counsel, each effective August 15, 2003. Michael R. Mit
Mossimo Q2 Net Income Cut in Half on Lower Net Revenues
Mossimo, Inc. reported second quarter 2003 revenue of $6.9 million compared to $7.4 million for the same period last year. Excluding non-recurring revenue from Q2 2002, MOSS reported a 16% increase in revenue. The company also reported net earnings of $
Speedo Parent Continues Climb Back in Q2
The Warnaco Group, Inc. announced second quarter pro forma
net revenues were $335.8 million, net income was $0.2 million and earnings per share was $0.00, compared to prior year's net revenues of $381.8 million, net income of $14.0 million and earni
Shoe Pavilion Posts Q2 Loss on Lower Comps
Shoe Pavilion, Inc. announced a net loss of $231,000 or (3 cents) per share, for the second quarter ended June 28, 2003 compared to net income of $528,000 or 8 cents per share, for the second quarter of 2002. Net sales decreased 6.9% to $21.2 million for
adidas Lays Out Plan for Troubled U.S. Market…
adidas expects fashion-driven footwear to be a short-lived trend in the U.S. market and is betting long term on performance as the primary driver of the brand in the U.S. Parent company adidas-Salomon laid out a strategy for the U.S. that puts “additiona
