Finish Line Inc

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USA: Strong Footwear Sales Close Finish Line's 2nd Quarter Company Press Release | 22 Sep 00

An investment in footwear and a reduction in its slower selling apparel category has helped The Finish Line Inc (Nasdaq:FINL) achieve a 15 per cent sales gain for the thirteen weeks ended August 26, 2000. The specialty retailer of men's, women's and children's brand name athletic and lifestyle footwear, activewear and accessories, has also announced that it plans to open around 30 new stores in the remaining fiscal year. In a statement, Alan H Cohen, president and chief executive officer said: "We are pleased to report a 15 per cent sales gain for the quarter which included a 3 per cent increase in comparable store sales. However, as we discussed in our August 31 sales release, our product margins suffered due to significant promotions and clearance markdowns in our apparel category. On the positive side, comparable footwear sales continue to be strong, resulting in a 6 per cent gain for the quarter and 5 per cent year to date. We have continued to emphasize the footwear category and reduce our investment in the slower selling apparel category. At the end of the quarter, overall inventories were down 8 per cent per square foot primarily due to significant reductions in apparel, which decreased almost 30 per cent per square foot. "We plan to open approximately 30 new stores and remodel/expand 12 existing stores equating to a 7-8 per cent increase in retail square footage for this fiscal year. Our balance sheet remains strong with over $50 million in cash and marketable securities and no interest bearing debt as of the end of Q2. Our stockholders' equity has grown to $234 million, which approximates $9.50 per share. We are well positioned financially to remain flexible and strong during a difficult period for athletic apparel retailing."


USA: Nike.com Enters The Tour De France With Champion's Video Diary Company Press Release | 30 Jun 00

On July 1, as the Tour de France participants begin making their way through the French countryside, sports fans can log onto www.nike.com /lance and follow the competition through the unique perspective of Lance Armstrong, the race's defending champion.Chris Carmichael, Lance's personal coach and the creator of the Carmichael Training Systems for reaching personal fitness goals, will work with an on-site production team to chronicle the race in the form of a video diary using interviews, photos and imagery. The site will be updated daily, from the first day of the Tour through July 23, when the winner will cross the finish line on the Champs-Elysees in Paris."The main goal of nike.com/lance is to give fans a chance to have an intimate and emotional connection with Lance Armstrong, the world-class cyclist and the person, as he goes through this three-week long test of physical, mental and emotional strength," said Ean Lensch, nike.com/lance site producer. "This is Nike's tribute to Lance and his courage and determination to win again against tremendous odds, inspiring the rest of us to be the best we can be."Nike Inc, headquartered in Beaverton, Ore., markets its products in more than 100 countries and is the world's leading sports and fitness company. Further information about Nike can be obtained at www.nike.com and


USA: Finish Line Reports First Quarter Earnings Company Press Release | 29 Jun 00

Alan H. Cohen, president and chief executive officer of The Finish Line, Inc (Nasdaq:FINL) announced earnings for the first quarter representing the thirteen weeks ended May 27, 2000. FIRST QUARTER RESULTS:

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