Ski Companies to Force Retailer into Chapter 7
Fischer, Rossignol, Tecnica, Volkl and Marker USA have filed a petition to force a closed Clifton Park sporting goods retailer into Chapter 7 bankruptcy. The involuntary petition brought against Clifton Park Sports Inc. seeks more than $41,000 in payme
Kmart Woes with Competitors Will Outlive Bankruptcy
When Kmart Corp. emerges from federal bankruptcy protection as a smaller version of itself, the retailer acknowledged in court filings Monday it would continue to face major challenges in its competition against Wal-Mart Stores and Target Corp. Documen
Timberland Sees Q1 Profits Jump 39% on 20% Sales Gain
The Timberland Company reported record first quarter revenue of $271.0 million, 20.1% higher than the $225.7 million reported for the first quarter of 2002. Constant dollar revenue growth, which excludes the impact of changes in foreign exchange rates, g
Spiegel Gets Partial Relief From Permanent Injunction
The Spiegel Group announced that the court entered an Order on April 10, 2003, granting relief in response to the company's motion for clarification of the permanent injunction included in the SEC Judgment…
Footstar Sees Another Finance Exec Exit
Footstar, Inc. announced that Kathy Guinnessey, Vice President Finance and Treasurer, has decided to leave the Company effective April 18, 2003 to accept a position at another company. Ms. Guinnessey's responsibilities will be assumed by Stephen R.
Warnaco Taps Former Brooks Brothers CEO the Head Company
The Warnaco Group, Inc. announced that it has named Joe Gromek President and Chief Executive Officer, effective April 15, 2003. He will succeed Tony Alvarez, who has served as President and CEO since November 2001. Gromek, 56, was also elected to Warnaco
Winmark Corp. Q1 Net Income Up 4.3%; Sales Fall 14%
Play it Again Sports parent Winmark Corporation announced net income for the quarter ended March 29, 2003 of $1,122,200 compared to net income of $1,075,900 for the first quarter of 2002. Diluted earnings were $.18 per share compared to $.17 per share in
Brass Eagle Issues Q1 Warning as Sales Plunge 33%
Brass Eagle Inc. expects to report net sales for the first quarter of $13.4 million versus $20.1 million for the same period last year. The Company expects to report diluted earnings per share loss of $0.03 for the first quarter compared to diluted earni
SGMA Lists Top 30 U.S. Participation Activities
Fitness activities and outdoor pursuits. Those two categories are now attracting the highest level of interest among sports participants in the U.S. That's the conclusion of SGMA International following an analysis of the Sports Participa
Fingerhut Direct Snags $100 Million to Get Started
Fingerhut Direct announced that it has received a $100 million senior secured line of credit comprised of a revolving line of credit secured by inventory and a bridge loan for consumer installment receivables. CIT Business Credit's Retail Finance Gro
Escalade Reports Small Q1 Profit on 5.0% SG Sales Gain
Escalade, Incorporated reports the company's seasonally slow first quarter got the year off to a satisfactory start. Sporting goods sales increased 5% to $11,179,000 as sales from prior year acquisitions more than offset slower sales of products wit
Nordstrom March Comps Decrease 1.7%
Nordstrom, Inc. reported preliminary sales of $518.0 million for the five-week period ending April 5, 2003, an increase of 2.9% compared to sales of $503.6 million for the five-week period ending April 6, 2002. Same-store sales decreased 1.7%, in-line wi
The Bon-Ton March Comp Store Sales Down 8.4%
The Bon-Ton Stores, Inc. announced sales for the five weeks ended April 5, 2003 decreased 9.0% to $54.3 million versus $59.7 million reported for the prior year period. Comparable store sales for the month decreased 8.4%…
The Buckle March Same-Store Sales Down 3.1%
The Buckle, Inc. announced that sales for the five-week period ended April 5, 2003 decreased 0.5 percent to $32.2 million from sales of $32.3 million in the corresponding five-week period ended April 6, 2002. Comparable store sales were down 3.1%…
Shoe Carnival March Comps Drop 11.2%
Shoe Carnival, Inc. reported sales for the five-week period ended April 5, 2003 decreased 0.5% to $54.6 million from sales of $54.8 million for the five-week period ended April 6, 2002. Comparable store sales decreased 11.2% in March 2003…
