Dillard’s Appoints Wal-Mart Vet to Board
Dillard's, Inc. announced the appointment of Bob L. Martin to its board of directors. Mr. Martin is the former president and chief executive officer of Wal-Mart International…
Quiksilver Opens Times Square Store
Quiksilver, Inc. announced it opened the doors of its Times Square store at 3 Times Square, on the corner of 42nd Street and 7th Avenue in New York City. This latest Quiksilver Boardriders Club features 3,300 square feet of retail space with a 20-foot “w
Kmart Restructures in Advance of Chap. 11 Emergence
Kmart Corporation announced the implementation of an anticipated strategic restructuring of its corporate and headquarters operations initiative, aimed at aligning these functions with the Company's go-forward store base and preparing the organizatio
Building Share, Growing Margins…
A senior industry executive said not long ago that “nobody wants to own inventory except the consumer – and that’s sometime in doubt as well”…
It’s the Product, Stupid…
With Finish Line CEO Alan Cohen declaring that, “It’s all about the product”, the athletic specialty retailer seemed to put a positioning stake in the ground to “focus on superior product selection and presentation, instead of price”. FINL clearly expect
Like Déjà Vu All Over Again…
Skechers on Friday acknowledged that a Pennsylvania law firm has filed a class action suit against the footwear company alleging violations of the federal securities laws and breach of fiduciary duty…
Converse Delays IPO, But Rolls On…
Converse management has decided to delay the timing of its Initial Public Offering until current global geo-political issues can play out and the market returns to a somewhat normal cycle. The company hasn't launched a pre-offering “roadshow” for in
And Then There Were None…
Benneton Group has finally jettisoned the last of its Benneton Sportsystem brands, inking a deal Friday that will see current Prince management — led by CEO George Napier — partner with Lincolnshire Equity Fund II LP to purchase the former number one te
K2 / Rawlings Complete Deal…
Shareholders from both companies voted Wednesday to approve the deal that will make Rawlings Sporting Goods a wholly owned subsidiary of K2…
Puma Takes Control in Japan…
Puma shares finished up 10% for the week on news that the company raised its 2003 sales growth outlook after it took direct responsibility for its Japanese footwear and accessories business. The new fully owned subsidiary, Puma Japan K.K., will start ope
Hilfiger Lead Growth at Stride Rite…
Stride Rite Corporation saw Q1 2003 net income rise 17% to $8.8 million on solid sales gains for its Keds, Sperry Top-Sider, and Tommy Hilfiger footwear lines. Earnings per share for the quarter ended February 28, 2003 were 22 cents, up from 18 cents fo
Never Bet On A Sucker’s Game…
A recent article in the New York Times started, “If it’s not marked down, America’s shoppers are telling merchants to forget it”. The article went on, “Fewer shoppers are interested…because they have become accustomed to bargains—discounts that are furth
Gildan Activewear Announces Consolidation of Sewing Facilities
Gildan Activewear Inc. announced its intention to close its Montreal sewing plant, which currently provides approximately 2% of the Company's overall sewing requirements. The continuing growth in Gildan's integrated sewing production will be sup
The Finish Line Fiscal Year Net Income Up 35% on 8.0% Sales Gain
The Finish Line, Inc. reported fiscal 2003 net sales increased 8% to $757.2 million for the fifty-two weeks ended March 1, 2003 compared to $701.4 million for the fiscal 2002. Comparable store net sales increased 3% for the year. On a GAAP basis, net in
Everlast 2002 Net Income Up 4.7% on 24% Sales Increase
Everlast Worldwide Inc. reported net sales for the year ended December 31, 2002 increased 23.9% to $65,613,012 as compared to $52,951,510 reported in 2001. Net income grew 50.2% to $997,443, or $0.32 per basic share, compared with $664,056, or $0.21 per
