Puma Recovers After Share Sell-Off…
Shares at Puma AG rebounded a bit by the end of the week after falling Monday on news that the company’s largest shareholder Monarchy/Regency Enterprises, put its entire 39% holding up for sale. Puma closed down 3.6% for the week to close at €83.70. Gol
Reebok Looks To Build Global Image…
Reebok International held its Annual Investor Conference on Wednesday, playing to a crowd eager to hear more about the company’s plans to capitalize on its recent gains in the market — and on the street.
THC Prices IPO to Pay NHL…
The Hockey Company Holdings Inc., which will be the new Canadian public entity that owns the CCM, JOFA and KOHO brands, has priced its Initial Public Offering of 4.5 million common shares at CN $16.00 per share. The offering is not available for sale in
Forzani May Be Eyeing U.S. Move…
Canada’s largest sporting goods retailer, had to rely on its franchise stores to provide positive comp store growth in its fiscal 2004 first quarter. The Forzani Group Ltd. said comps at franchise stores jumped 11.1% for the period, while the corporate-o
Wal-Mart May Comps Rise 2.1%
Wal-Mart Stores, Inc. reported net sales for the four-week period ending May 30, 2003, of $18.953 billion, an increase of 10.0% over the $17.231 billion in the similar period in the prior year. Sales for the seventeen-week period were $77.322 billion, an
Sears May Same-Store Sales Dip 1.9%
Sears, Roebuck and Co. announced that comparable domestic store revenues decreased 1.9% for the four weeks ended May 31, 2003. Total domestic store revenues were $2.18 billion in May 2003, compared with $2.21 billion for the four weeks ended June 1, 2002
Dillard’s May Comp Store Sales Decrease 7.0%
Dillard's, Inc. announced that sales for the four weeks ended May 31, 2003 were $536,644,000 compared to sales for the four weeks ended June 1, 2002 of $576,754,000. Sales decreased 7% on both a total and comparable store basis for the four-week peri
JC Penney May Same-Store Sales Up 3.2%
JC Penney Company, Inc. reported that comparable department store sales increased 3.2% for the four weeks ended May 24, 2003. All merchandise divisions had positive comparable store sales increases, with the best performance in Children's, Fine Jewe
Quick, Before They Get On Solid Food…
With the LeBron James endorsement deal saga now over, it’s time to get down to the serious business of signing up athletes before they garner the attention of adidas’ Sonny Vacarro…
We’re On a Mission From God…
Kingdom Ventures, Inc., which claims to be a rapidly growing church development company, said it has signed an agreement with GiveAnything.com, Inc., an on-line service that enables its clients to purchase and give on-line gift certificates that can be sp
The Post Takes on Footstar…
The New York Post, that Bible of American finance, devoted a full page in last Tuesday’s issue to take Footstar to task for its oft-delayed filing of its 10K and 10Q financial reports…
Adidas Sees Q3 Pickup in U.S…
The CFO at adidas-Salomon AG hinted on Tuesday that the company expects stronger fourth quarter sales in sales in the U.S. fueled by higher third quarter orders. Chief Financial Officer Speaking at a conference in Frankfurt, CFO Robin Stalker said that t
New Balance Confirms Moretz Deal…
As reported here after the last Super Show, New Balance has officially confirmed that Moretz Sports will be its licensee to performance socks. The deal, which will be effective in January 2004, will see Moretz “manufacture, market and distribute New Bala
Oakley Settles Luxottica Suit…
For the second time in less than sixty days Oakley has been able to settle actions taken to protect its XYZ Sunglass Optic Patents. The company last week settled two patent and intellectual property suits that were pending against competitor/customer, Lu
Post-War Consumers in Buying Mood…
According to report recently released by The NPD Group, U.S. consumers seem willing to spend more on Footwear and Apparel in the 90-day period from May through July. The post-Iraq War study found that the consumers surveyed were more willing to get out a
