Sports Authority Shares Drop on Warning…
Sports Authority shares fell almost 17% for the week, closing at $5.59 on Friday. The drop was due to a company report that earnings from operations in the fourth quarter would come in at 46 cents to 49 cents a share, well below its previous expectations
Sport Chalet Bucks Trend, Posts Gain…
Sport Chalet saw a turnaround in comp store sales in their fiscal Q3 ending Dec. 31, 2002, posting a 2.2% same-store sales gain in a very tough retail quarter. SPCH had reported a 2.3% decline in comps in their Q2…
Foot Locker Signaling a Succession Plan…
Foot Locker announced that Rick Mina has been promoted to a newly created position of President and CEO of Foot Locker, Inc., U.S.A. He will report to Matt Serra, Foot Locker, Inc.'s President and CEO. Mina will be responsible for the company'
adidas Net Income Growth Slowing in 2003…
adidas-Salomon AG reported that sales for 2002 grew 11% on a currency-neutral basis exceeding $7.04 billion (€ 6.5 billion) for the year. Net income rose 10% to $248 million (€ 229 million), or $5.46 per share, up from $4.98 per share in 2001. Currency
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…
Puma Continues Record Streak in 2002…
Preliminary reports for Puma AG indicate that the company saw consolidated sales jump 52.1% on a currency-neutral basis to $983.9 million (€909.8 million) from $646.8 million (€598.1 million) last year. Currency-adjusted sales increased by a healthy 54.8
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
Nike Signs Mexican National Soccer Team
Nike, Inc. announced it has signed an agreement with the Mexican Soccer Federation to be the official footwear, apparel and equipment sponsor for the Mexican National Soccer Teams…
Vans Expects Arbitration Ruling Soon
Vans had filed a lawsuit against a former officer and consultant and their affiliates in March 2002. The suit alleges that the defendants engaged in a conspiracy to get unauthorized payments or commissions from some of Vans' factories in China…
Nordstrom December Comps Up 3.4%
Nordstrom, Inc. reported preliminary sales increased 9.2% to $839.2mm for the five-week period ending January 4, 2003. Same-store sales increased 3.4%…
