Department Stores Reinvent Themselves in Effort to Remain Relevant
Wider aisles, centrally located cash registers, and new brands greet customers of Sears, Roebuck and Co. The Hoffman Estates, Ill.-based merchant is one of many retailers reeling from recession and hoping to turn things around this year…
John Henderson Named President of Sag Harbor
John R. Henderson has been named president of Sag Harbor, a Kellwood Company, according to Marty Brody, chief executive officer of Sag Harbor…
The Ski Market Secures $10 Million Credit Line
LaSalle Retail Finance announced that it has provided a $10 million, three-year, revolving credit facility to The Ski Market Ltd., Inc…
Fisher Named Stein Mart CEO
As expected, Michael D. Fisher began his tenure as chief executive officer of Stein Mart, Inc., replacing the retiring John H. (Jack) Williams, Jr. who served the Company for 23 years. The planned succession was previously announced on June 3, 2002…
Mr. Rags Files Chapter 11…
California-based Mr. Rags Acquisition Inc. has filed for Chapter 11 bankruptcy protection. A private investment firm bought the 114 store teen retailer last spring from Claire’s Stores…
Quiksilver Expands CapEx Budget in 2003…
Quiksilver Inc. announced in an SEC filing last week that it expects $35 million to $40 million in capital expenditures in fiscal 2003 ending October 31, 2003. Fiscal 2002 capital expenditures were $22.2 million, compared with $22.6 million in fiscal 200
Head Consolidates Winter Sports Operations
Head N.V. announced a two-stage process to consolidate offices and warehousing in the U.S. The Head Tyrolia Wintersports business will move to Norwalk, CT and the company's Winter warehouse will be consolidated into the new, larger, state-of-the-art
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
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…
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…
