… As The SEC Opens Vail Probe…
Vail Resorts, Inc. revealed that the SEC has issued a formal order of investigation with regard to how the resort tallies initiation fees for its private clubs…
Russell Firing On All Cylinders…
Shares of Russell Corporation rose 4.5% for the week, closing at $15.68 on Friday. The company reported lower Q4 sales and stronger earnings on Thursday…
TNF and NFL Drive VFC…
VF Corporation reported sales in the company's Outdoor businesses rose 17% in the fourth quarter and 3% in 2002. An increase of 22% in first quality sales of The North Face brand and an 11% increase in international Outdoor sales were partially off
Collegiate Pacific Narrows Q2 Loss…
The loser in the Bike bid posted a 23% increase in net sales for the fiscal Q2 ended December 31, 2002 , racking up $3.5 million in sales . The net loss for the quarter narrowed a bit to -$231.1k from -$253.1k in the year-ago period. BOO saw gross pro
Snowboard Drives Strong Season…
SIA reported that chain store sales for snow sports equipment and apparel were up 2.2% to $293.9 million for the 2002 season through December, when compared to the same period of 2001. Unit sales were behind last year, tracking down 9.3%…
Dick’s Sets New Industry Benchmark…
Shares of Dick's Sporting Goods Inc. surged 15.4% for the week after DKS issued a report Monday raising earnings expectations for the Pittsburgh-based retailer. Strong comp store gains — up 4.9% in the quarter ending February 1, 2003 — coupled with
GSIC Burning Cash, Expects Losses…
GSI Commerce reported net revenue for 2002 increased 68.2% to $172.6 million. Comp sales increased approximately 16%. The net loss was $33.8 million for the year, compared to a net loss of $30.6 million last year. Net loss per share was $0.88 for 2002
Weather May Stymie Big 5 Win Streak…
The largest-retailer-on the west-coast said they focused on margins rather than chasing sales in the fourth quarter after good winter weather showed them a “head fake” in early November before disappearing for the balance of the quarter…
Saucony Runs with Core Business…
Based on results for the fourth quarter and full year 2002, Saucony is already starting to reap the benefits of the strategy the company put in place in mid 2001 to right-size the business and focus on its core consumer…
Nike May Be Eyeing Fila Bid…
Italian daily Il Sole/24 Ore reported last week that Nike Inc. is preparing a €400 million ($429 million) offer for Fila Holding SpA. The paper did not cite any sources.
The financial newspaper suggested that NKE would assume €280 million of Fila debt
K2/Rawlings Vote Scheduled…
K2 Inc. has set the vote on the proposed acquisition of Rawlings Sporting Goods Inc. for March 26, 2003. The special shareholder meeting is scheduled to be held in Los Angeles, CA. Investors of record on February 24, 2003 will be eligible to participat
Warren Buffett Snags Burlington…
The world’s most famous long-term investor’s Berkshire Hathaway company said that it will pay $579 million in cash to the creditors of Burlington Industries Inc., the textile manufacturer that filed for Chapter 11 bankruptcy protection in 2001…
Settlement Charge Impacts Huffy Q4…
Huffy Corporation reported that a charge related to the settlement of two lawsuits against a former subsidiary led to losses for the fourth quarter and full year…
K-Swiss is Just Getting Started…
The acquisition of Royal Elastics and the launch of the National Geographic footwear line were disappointments in 2002, but K-Swiss expects moves made with both brands to bear fruit in the coming year. The K-Swiss Classics business will continue to fuel
K-Swiss 2002 Earnings Up 23% as Total Sales Jump 22%
K-Swiss Inc. announced net earnings for the year ended December 31, 2002 increased 23.1% to $28.7 million, or $1.46 per diluted share, compared with $23.3 million, or $1.14 per diluted share, for 2001. Total worldwide revenues for 2002 were $290.4 millio
