TJX Q3 Sales Up 11% – Comps Up 3%
The TJX Companies announced sales and earnings results for the Q3 ended October 25, 2003. Net sales for the third quarter were $3.4 billion, an 11% increase over last year, with consolidated comparable store sales up 3%. Net income was $183 million and di
J. C. Penney Q3 Income Down On 1.7% Comp Store Gain
J. C. Penney Company third quarter income from continuing operations of $0.27 per share compared with $0.30 per share in last year's quarter. Earnings were in line with management's recent guidance.
May Department Stores Q3 EPS Up on Decreased Sales
The May Department Stores results for the third quarter of fiscal 2003 earnings per share were 15 cents, compared with earnings per share of 5 cents in the similar period a year ago. Net earnings were $47 million, compared with net earnings of $16 millio
Schoeller Opens New Korean Office
Schoeller Switzerland is opening a new office in Korea at a ceremony on October 10 in the Grand Hyatt Hotel in Seoul. In an effort to increase the company’s support to the very important and fast growing Korean market, this new facility will serve as a ma
Amerex Brings in a Trio of New Faces
Amerex Group has appointed Adam Berkman, chief financial officer. Mr. Berkman joins Amerex Group from Accruent Inc., a contract management software company that he co-founded, that counts over 100 of the Fortune 1000 companies as clients. He will report
Gildan Moves into Russell’s Backyard with GA Plant Purchase
Gildan Activewear Inc. has formed a 50%/50% owned joint venture company with Frontier Spinning Mills, Inc., and that the new joint venture company had acquired all of the assets of an existing yarn-spinning facility located in Cedartown, Georgia…
Sports Supply Swings to Q3 Loss on Team Dealer Closures
Sport Supply Group, Inc. reported that net sales for the third quarter ended September 26, 2003 inched up 1.4% to $25.9 million from $25.5 million in the year-ago period. During the quarter, SSPY began closing certain of its team dealer operations — inc
Bear Stearns Reveals the Real Skinny on the CamelBak Deal…
In a story first reported in SEW’s sister publication, The B.O.S.S. Report last Monday, Bear Stearns Merchant Banking confirmed Thursday that they have purchased CamelBak Products, Inc. from Kransco Group owner John Bowes’ family in a $210 million all-cas
Emu Australia Forms Canadian Subsidiary
Emu Australia has announced the company will be taking over Canadian operations under the newly formed company, Emu Ridge Australia (Canada), Ltd. (ERAC). The globally
distributed brand, which currently has headquarters in Geelong, Australia and San Cl
Hockey Co. Sees Tough U.S. Market…
The Hockey Company Holdings, parent of the CCM, JOFA and KOHO brands, rode stronger equipment sales and some foreign exchange rate gains to higher earnings for the third quarter ended September 30, 2003. The new Canadian holding company reports figures i
Karhu to Distribute Exel Oyj Nordic Walking Poles
Executives from Karhu and Exel Oyj Finland announced that Karhu has been awarded the exclusive rights to distribute Exel's line of Nordic Walking poles in North America. The
agreement is effective immediately…
Hall of Fame to Honor Three More…
The Sporting Goods Industry Hall of Fame has selected Jim Chick, Phil Knight and Jerry Turner as the three newest members of the industry’s most exclusive club. The induction ceremonies will be conducted at the NSGA’s Annual Management Conference & Team
X-Sports Adds Manager of OEM Sales
X-Sports has named industry veteran Jim Vincent, Jr. its Manager of OEM Sales, domestic and international. He brings to X-Sports more than 12 years of golf industry experience in product marketing and manufacturing. X-Sports has also hired Caniford and
Everyone’s Got the Outdoor Retail Bug…
Sportsman’s Warehouse of Midvale, UT is planning to open 30 stores in 12 states by the end of next year. This aggressive growth strategy will almost triple the current square footage of the company – bringing it to 48 storefronts from 18 currently…
NRF Report Sees Upbeat Retail Execs…
The latest Executive Opinion Survey conducted by the National Retail Federation (NRF) and the Bank of Tokyo Mitsubishi Ltd. (BTM) indicates that retail executives are buying into the strengthening economy, spiking the Retail Sector Performance Index due t
