Ashworth and Callaway Profit from Apparel Deal
Ashworth Inc. and Callaway Golf Co. top players in the beleaguered golfing industry, where significant growth has been hard to come by. So, searching for sales in a shrinking market, two years ago they joined forces, inking a licensing agreement that a
Debate Erupts over Nike Free-Speech Case
Bickering has broken out in the U.S. Congress over a free-speech case Nike has appealed to the nation's highest court. Oregon's five U.S. House representatives signed a letter last week urging their colleagues to dismiss a petition circulated
Nordstrom Expects Lower First Quarter Earnings
Nordstrom, Inc. announced that based on quarter-to-date sales, first quarter 2003 earnings per share are expected to be below the previously guided range of $0.23 to $0.27 per share, which compares to $0.22 per share for the same period in the prior year.
Tag-It Pacific Posts 2002 Profit on 38% Sales Gain
Tag-It Pacific, Inc. reported that for the fiscal year ended December 31, 2002, net sales increased approximately $16.5 million, or 38%, to $60.1 million, compared to $43.6 million for fiscal 2001. Earnings per share reached 14 cents per share for the ye
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…
Sport Court, Inc. Names New President
Charlie Graves has been appointed President of Sport Court, Inc. Headquartered in Salt Lake City, UT, Sport Court, Inc. is the leading provider of backyard recreation game courts, putting greens, and indoor performance sports flooring…
Danskin De-Registers Stock; Terminates Reporting
Danskin, Inc. will file a Form 15 Friday with the Securities and Exchange Commission to deregister its common stock and terminate reporting obligations under the Securities Exchange Act of 1934…
True Temper 2002 Sales Decline 3.3%
True Temper Sports, Inc. reported that 2002 sales declined by 3.3% to $107.4 million in 2002 from $111.1 million the prior year. Full year net income decreased to $9.3 million from $24.6 million in the prior year. Net income increased 35% from $6.9 mill
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
