Stride Rite Sees FY03 Cap Ex Down 17%
According to its 10-K report filing, Stride Rite Corp. expects to see a 17% decrease in Cap Ex versus fiscal 2002. SRR expects capital expenditures of $10 million for the year ending November 28, 2003. The company posted capital expenditures of $ 12.1
Fila Narrows 2002 Loss on 7.0% Sales Decline
Fila Holding S.p.A. reported a 2002 full year net loss of $76.4 million compared with $125.2 million in 2001. Worldwide revenues for the year decreased by 7% to EUR 909.5 million and were flat when expressed in terms of constant exchange rate and continu
Buffett Walks on Burlington Deal…
Berkshire Hathaway, Inc. has cancelled its $579 million cash offer to acquire Burlington Industries, Inc. out of bankruptcy court. The deal, initially announced February 11, 2003, was terminated by Warren Buffett’s BRK after a Delaware bankruptcy judge b
Coastcast 2002 Loss Expands 352% as Sales Drop 46%
Coastcast Corporation reported sales for the year ended December 31, 2002 were $62.4 million vs. $115.5 million in 2001. The 2002 net loss was $10.4 million vs. a loss of $2.3 million in the prior year. Diluted loss per share was ($1.36) vs. ($0.30).
Honest, Your container Fell Off a Ship…
We have either used the story or heard the story in our careers, but it appears that containers really DO fall off of boats in the Pacific Ocean…
PacSun February Comps Grow 14.8%
Pacific Sunwear of California Inc. reported that same store sales increased 14.8% for the comparable four-week period ended March 1, 2003 with PacSun same store sales up 10% and d.e.m.o. same store sales up 49%…
Billabong Shares Hit Undertow…
Shares of the Australian surf lifestyle brand were down 8.9% in heavy trading late last week after the company backed off earlier guidance on fiscal ‘03 earnings. BBG closed at A$5.35 on Friday after three days of trading that saw over 10.4 million share
Pacific Sunwear 2002 Profits Surge 80% on 24% Sales Jump
Pacific Sunwear of California Inc. reported total sales for fiscal 2002 increased 23.6% to $846.4 million. Same-store sales increased 9.7% for the comparable 52 week period ended Feb. 1, 2003. Net income for fiscal 2002 increased 80% to $49.7 million, o
Exchange Rates Hurt and Benefit Head…
Head N.V. expects 2003 sales and profits to be flat or lower than the results reported in 2002 – results impacted a great deal by currency exchange rates & rules.
Net sales for 2002 declined 1.1% to $387.5 million. HED company saw a net loss of $2.6 mi
Mountain Equipment Co-op Launches OutdoorGearSwap.com
Mountain Equipment Co-op (MEC), Canada's leading supplier of outdoor gear, just launched a full-featured on-line gearswap called OutdoorGearSwap.com…
Escalade To Buy Back Stock…
Escalade, Inc. will purchase of up to $3 million of its common stock on the open market or through privately negotiated transactions. ESCA’s Board of Directors authorized the buy-back at the company’s quarterly meeting…
Nike Rounds Up Support in Free Speech Fight
The Bush Administration, the ACLU, the AFL-CIO, European entities, and dozens of media organizations have joined forces in urging the U.S. Supreme Court to reaffirm the First Amendment right to free and open debate and to overturn an unprecedented Califor
Lauderdale Lakes Leaders Cope with Loss of Sports Authority HQ
This city is dusting itself off again from the loss of another major business, this time the corporate headquarters for Sports Authority. The Lauderdale Lakes-based sporting goods company that began in 1987 announced last week it would merge with Color
GBMI Gets Attitude in New Pony Deal…
Rumors have been flying for weeks about a mysterious “Brand Six” that was about to be added to the stable at GBMI. Speculation ran from GBMI buying an athletic performance brand to acquiring a skate shoe company. A section of their new headquarters in S
Puma Grows U.S. Business 70% in Q4…
Puma shares rose just 1.3% for the week after another extraordinary report on fourth quarter and full-year 2002 sales and profits. The limited rise in price was due no doubt to the fact that the stock rose 91% last year and the benefit this last week was
