SGB Update Outdoor
Kmart Promotes Day to CEO
Kmart Corporation announced that President Julian C. Day has been named to the additional post of Chief Executive Officer, effective immediately…
Callaway Takes Hit After Filing Late 10-Q…
Shares at Callaway Golf dipped nearly 8.8% for the week after an erroneous Bloomberg News report put a damper on the company’s otherwise positive predictions that its sales and profits for 2002 might be better than forecast…
Nautilus Shares Fall on ’03 View…
Nautilus Group Inc. saw its share price drop 16.0% as the company warned that 2003 earnings will fall and revenue will be flat…
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…
Delta Apparel Q2 Net Income Up 70% on 23% Sales Increase
Delta Apparel, Inc. announces record sales for the quarter ended December 28, 2002 of $30.0 million, a 23.3% increase from the prior year second fiscal quarter. Net earnings for the quarter were $1.2 million…
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…
Parallel Universe? I think Not.
Recently, industry pundits attempted to draw a parallel between Levi Strauss and Nike, implying that Levi’s fall from grace may portend the same for the world's largest athletic brand. There was an article about NKE in last Sunday’s New York Times ma
Hartford Snags Top Rep Prize; Sporthill Signs On
Larry Hartford, principal of Laguna Niguel-based the hartford sales group, had a Merry Christmas this year. The thirty-year industry sales veteran was recently named the west coast recipient of the SGMA/SGAA/Sports Edge Magazine Sales Rep of the
Columbia Gets Canadian Duty Penalty Relief…
Columbia and its Sorel unit have been paying additional duties up to 72% since September of last year. The levy was based on an initial Canadian Customs and Revenue Agency finding that nine Columbia footwear models and 37 Sorel footwear models imported f
Vans May Not Meet Lender Covenants…
Vans Inc., citing losses that it posted in the second quarter, said it might be failing to comply with one or both of its covenants regarding EBITDA under a credit line for its third quarter ending March 1. The company said its lenders have consented to
Oakley Sees 2003 Earnings Below Street View…
Oakley shares were off 4.2% for the week after the company reaffirmed its guidance for fourth quarter and issued its initial expectations for 2003. The company sees Q4 earnings per diluted share of approximately $0.03 before a previously announced Europ
Sport Chalet Cancels Store at Headquarters in La Canada
A retail store will not be added to the new Sport Chalet corporate headquarters because a second phase of the development project has been canceled, according to the company's owner…
Shoe Carnival December Comps Increase 3.4%
Shoe Carnival, Inc. reported sales December increased 6.4% to $57.0 million. Comparable store sales decreased 3.4%…
Pac Sun December Comps Jump 16.1%
Pacific Sunwear reported that total sales for the five weeks of December of fiscal 2002 were $152.9 million, an increase of 28.7%. Company same-store sales increased 16.1% for the comparable five-week period ended Jan. 4, 2003, with PacSun same-store sal
Payless ShoeSource Dec Same-Store Sales Decrease 0.7%
Payless ShoeSource, Inc. reported that same-store sales decreased 0.7% during the December reporting period, the five weeks ended January 4, 2003. Company sales totaled $292.0 million, a 1.4% increase from $287.9 million during December 2001…
