Famous Footwear Helps Brown Shoe Achieve Record Profits
Brown Shoe Company, Inc. reported net sales for 2002 rose 4.9% to $1.8 billion. Net income for fiscal 2002 was $45.2 million, or $2.52 per diluted share, compared with a net loss of $3,962,000, or 23 cents per diluted share, in fiscal 2001. Fiscal 2002
West Marine February Comps Drop 13.9%
West Marine, Inc. reported that net sales for the four weeks ended Feb. 22, 2003 were $31.1 million, a 12.6% increase from net sales of $27.6 million for the same period a year ago. Comparable store net sales for the four weeks ended Feb. 22, 2003 decreas
Aussie Apparel Group Retains Retail Marketing Firm
Aussie Apparel Group, Ltd. announced that it had retained Los-Angeles-based A.D.D. Marketing & Advertising to manage its promotional and marketing efforts for its recently acquired brands…
Federated Names Lundgren CEO, Adds Four Vice Chairs
Federated Department Stores announced a long-planned management transition and change in its top corporate management structure. Terry J. Lundgren, president/COO and CMO, has been chosen to succeed James M. Zimmerman as Federated's CEO. Zimmerman wi
Kratowicz Named ShopKo Division VP
ShopKo Stores, Inc. announced the promotion of James Kratowicz to vice president of pricing, consumer information resources and e-commerce for the company's ShopKo division…
Head NV Posts Loss for 2002 as Sales Dip 1.0%
Head N.V. announced net sales for the three months ended December 31, 2002 increased 6% to $ 135.8 million. Net income was 15% lower at $8.4 million. Net income, prior to tax and excluding foreign exchange gains and losses increased by 32% to $13.5 mill
REI 2002 Net Income Surges 112% on Total Sales Decline
Recreational Equipment, Inc.(REI)declared a $38.7 million patronage refund to its active members on 2002 sales of $735 million. The cooperative also announced that, based on the 2002 results, its corporate giving commitment will increase by 80% to $1.8 mi
adidas Kicks Off National Branding Campaign
adidas embarks on a new national branding campaign beginning this month. The campaign uses color to capture the raw emotions of sport and layers it with the 3-stripes, the authentic symbol of sport…
MAGIC Can’t Pull a Rabbit Out of This Hat…
On the flight to Las Vegas for the MAGIC show last Tuesday I thought about complaining about making the fourth trip to the city-that-never-sleeps in as many weeks for trade shows. Then I thought about the exhibitors and attendees stuck under two feet of
Sportsman’s Guide Rides ‘Net Wave…
Internet sales are expected to account for a third of total sales at The Sportsman’s Guide in 2003 after reaching the 30% mark in 2002. Web sales represented 21% of sales in 2001…
Galyan’s to Stay in Hometown…
Galyan’s Trading Co. has decided to stay in Plainfield, IN, the town where it first started in business more than 40 years ago. The retailer had been looking at numerous sites in the Indianapolis area, but will now work with Plainfield to locate a buildi
Reebok: DOH! Part Too…
I believe it was Jim Carey in his unforgettable performance in The Mask that first exclaimed the words, “Somebody Stop Me!”, but someone at Reebok should be looking in the mirror and shouting the same this week after the company announced its latest retai
Earth and Ocean Sports Sinks…
The parent company of water ski and wakeboard brands O'Brien and Liquid Force ran out of money on February 10, 2003, laying off over 130 people in its Seattle and California facilities…
K2 Goes on Offense…
K2 is set to go on the offensive in 2003 after spending much of the last 18 months paying down debt and building a war chest. The umbrella company for several Inline Skate, Ski & Snowboard and Fishing Tackle and Water Products brands is also expected to
As Rawlings Investor Gives Go Ahead…
Daniel Gilbert, who holds nearly 15% of Rawlings' stock, said he has become comfortable with K2 CEO Dick Heckmann's vision for Rawlings and will support KTO’s purchase of the venerable sporting goods brand…
