JC Penney Appoints Krauter GMM Men’s and Kid’s
J.C. Penney Corporation, Inc. announced the appointment of Lana Cain Krauter, 51, as Executive Vice President and General Merchandise Manager, Men's and Children's Division. She will report to Vanessa Castagna, JCP Chairman and Chief CEO of JCPe
Columbia Reports 2002 Net Income Up 15.4%
Columbia Sportswear Company announced net sales increased 1.4% to $217.3 million for the fourth quarter ended December 31, 2002. The company reported net sales increased 4.7% to $816.3 million for fiscal year 2002. Net income for Q4 was $29.1 million, a
Luxottica Reports 2002 Net Income Increases 17.6%
Luxottica Group S.p.A. announced consolidated net sales for the quarter ended December 31, 2002 declined 7.7% to 668.6 million euros. Net income for the quarter rose year-over-year by 22.3% to 74.4 million euros…
Brunswick Sees Q4 Net Sales Rise 29%; Reports Profit
Brunswick Corporation reported net earnings of $20.5 million for the fourth quarter of 2002, compared with a net loss of $2.6 million for the year-ago quarter. Sales increased 29% to $928.0 million. The company reported net sales rose 10% to $3.7 bn for
SIA Appoints New Chairman, Board Members
A new chairman and three directors were elected
to the SnowSports Industries America board of directors this week at the association’s annual meeting in Las Vegas. The meeting was held in conjunction with the 2003
SIA SnowSports Show…
The Sports Authority Cuts Q4 Outlook on Reduced Comps
The Sports Authority, Inc. announced that it expects fourth quarter earnings from normal operations of $0.46 to $0.49 per diluted share versus the Company's prior guidance of $0.50 to $0.53. The reduced view is expected to result in
earnings per di
Malden Strikes Initial Deal on Chapter 11 Exit
Malden Mills Industries, Inc. announced that the company, the agent for its senior lending group, and its unsecured creditors' committee have agreed in principle to terms for a consensual plan of reorganization…
West Marine January Comp Store Sales Dip 5.4%
West Marine, Inc. reported that net sales for the four weeks ended January 25, 2003 increased 10.4% to $24.5 million. Comparable store net sales decreased 5.4% from the same period a year ago…
Vans Extends Asia Licenses
Vans, Inc. announced that it has reached agreements for five-year extensions of its license agreements with ABC-Mart Inc. The licenses cover Japan, South Korea, Hong Kong, and Taiwan…
Sports Supply Group Narrows Q3 Loss; Sales Up 8.6%
Sport Supply Group, Inc. announced revenues for the three months ended December 27, 2002 increased 8.6% to $18.5 million. Net loss for the quarter was ($2,358,809) as compared to ($3,695,055) for the comparative quarter last year…
Kmart Receives Exit Financing Approval
Kmart Corporation on Wednesday announced that it has received bankruptcy court approval for the $2 billion in exit financing from GE Commercial Finance, Fleet Retail Finance Inc. and Bank of America, N.A…
adidas Expects 11% Sales Increase in 2002; Net Income Up 10%
Based on preliminary figures, adidas-Salomon sales in 2002 topped euro 6.5 billion, reaching the highest level in the Group's history. This is a 7% year-over-year improvement in euros (2001: euro 6.1 billion) and an 11% improvement on a currency-neut
Russell Acquires Bike Athletic Company
Russell Corporation announced that it had reached an agreement to acquire Bike Athletic Company for $16.25 million. It is anticipated that the U.S. Bankruptcy Court for the Eastern District of Tennessee will approve the agreement in the next few days…
SIA Reports Winter Sports Sales Up 7% Through December
Abundant snowfall coupled with stellar resort conditions led to increased sales in retail stores nationwide through
December. Overall sales for the entire winter sports market increased by 7.0% in dollars to $1.35 bn compared to $1.26 bn in 2001, accord
Mina Promoted to CEO Foot Locker USA
Foot Locker, Inc. announced that Rick Mina has been promoted to a newly created position of President and CEO of Foot Locker, Inc., U.S.A. He will report to Matthew D. Serra, Foot Locker, Inc.'s President and CEO…
