ShopKo Appoints New Chief Merchant; Three SVP’s Leave
ShopKo Stores, Inc. announced the reorganization of its ShopKo division's merchandising, marketing and replenishment areas. Kevin Easton has been promoted to corporate Executive Vice President and ShopKo division Chief Merchandising Officer…
Royal Precision Cuts Second Quarter Losses
Royal Precision Inc. continues losing money, but the maker of golf club shafts and grips managed to cut its losses in the quarter ending Nov. 30 by almost two-thirds thanks to a 23% jump in sales…
Frisby Files For Bankruptcy Protection
Frisby Technologies, Inc. announced that it has filed a voluntary petition for Chapter 11 reorganization with the U.S. Bankruptcy Court for the Middle District of North Carolina…
Callaway Sets Record Straight on Bloomberg Report
Callaway Golf Company demanded and received a correction of an erroneous news report circulated by Bloomberg, the international financial news wire service…
Smith and Wesson Signs Japan Apparel License Deal
Smith & Wesson Holding Corporation announced its newest licensing agreement with Nissho Iwai General Merchandise Corporation of Japan for the design, manufacture and distribution of men's and women's apparel that will bear the Smith & Wesson nam
Speedo Parent Bankruptcy Reorg Plan Accepted
The Warnaco Group, Inc., parent of apparel brands Speedo and Authentic Fitness, announced that the U.S. Bankruptcy Court for the Southern District of New York confirmed its Plan of Reorganization on Thursday…
Callaway Files Late Q3 10-Q; May See Upside to 2002 Guidance
Callaway Golf expects net sales and earnings for the year ended December 31, 2002 to be at the high end, if not slightly above, the range provided on December 16, 2002…
Skechers Assumes Canada Distribution
Skechers USA, Inc. announced that effective immediately it is assuming the distribution of its product in Canada…
The Sportsman’s Guide 2002 Results to Exceed Estimates
The Sportsman's Guide, Inc. announced that the Company will report total sales in the range of $65 to $66 million and net earnings per share of $0.50 to $0.52 for its fourth quarter ended December 31, 2002…
Sears 2002 Per Share Earnings Jump 91.5%
Sears, Roebuck and Co. reported net income was $1.4 bn, or $4.29 per share, for 2002 as compared to $2.24 per share last year. Reported fourth quarter 2002 net income, including the non-comparable items, was $848 million or $2.67 per share, compared with
Federated to Merge Rich’s and Macy’s in Atlanta; Add Bloomingdales
Federated Department Stores, Inc. announced the strategic integration of its Rich's and Macy's stores in metro Atlanta beginning in February, as well as plans to bring Bloomingdale's to the Atlanta market in two major malls as early as fall
Federated Predicts a Flat 2003
Federated Department Stores, Inc. provided preliminary earnings guidance for fiscal 2003, which will be further refined with the conclusion of fiscal 2002 and when year-end earnings are released on February 25…
Tecnica to Establish Nordica Subsidiary in U.S.
Upon finalization of the sale of the Nordica brand from Benetton to the Tecnica Group on February 1, 2003, Nordica will establish an independent subsidiary in the USA…
Footstar Continues Surge on Kmart News, Upbeat Reports
Footstar, Inc. is suddenly the darling in a down market. As both the Dow and the S&P 500 dipped over 1% on Wednesday, Footstar jumped another 32.34% to close at $9.78. The rise was on top of the almost 22% surge in share price experienced Tuesday. Shar
Value City to Split Out Operating Units in New Structure
Value City Department Stores, Inc. announced that effective February 2, 2003, the company will begin to reorganize its corporate structure into a holding company with three retail operating entities and a service organization…
