Pacific Sunwear Increases 2003 Store Opening Plans
Pacific Sunwear of California, Inc. announced that it is increasing its store opening plans to 75 net new stores for fiscal 2003, which includes at least 10 net new d.e.m.o. stores…
Court Approves Kmart Disclosure Statement
Kmart Corporation announced Wednesday that the U.S. Bankruptcy Court for the Northern District of Illinois has approved the Disclosure Statement filed in connection with the Company's First Amended Joint Plan of Reorganization…
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…
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…
China Gives Nike Spanish Relief…
Nike lost its Spanish trademark battle, but may have won the war in the Chinese courts…
Gart / TSA Deal May Cost Reps $25 Million…
The Gart/TSA deal announced last week is expected to generate $2.5 billion in total retail sales. Assuming an average 45% margin on goods and 7% in private label sales, we would expect about $1.3 billion in wholesale dollars to be shipped in 2003. Conse
Smuggled Clothing, Mostly from China, Costs U.S. Millions
Illegal shipments of clothes and fabric from China are cheating the U.S. government out of millions of dollars and costing American workers their jobs, say industry and government sources…
Oakley Tries to Diversify in Weak Economy
Oakley is known for making quality sunglasses for serious athletes. Oakley is also known for making sunglasses with $100-$300 price tags, which has hurt the Foothill Ranch company in this soft economy where consumers are looking to save a buck…
