Advertisement
YOU ARE HERE: LAT HomeCollectionsJust For Feet Inc
IN THE NEWS

Just For Feet Inc

FEATURED ARTICLES
BUSINESS
October 28, 1999
Just For Feet Inc. said it will close nearly half of its specialty stores over the next three to four months in an effort to return to profitability. Closing 85 stores, including Athletic Attic, Athletic Lady and Imperial Sports locations, will leave Just For Feet with 88 specialty stores, 151 superstores and its World Wide Web site, Feet.com. The Birmingham, Ala.-based company also said it cut 31 jobs.
ARTICLES BY DATE
BUSINESS
October 28, 1999
Just For Feet Inc. said it will close nearly half of its specialty stores over the next three to four months in an effort to return to profitability. Closing 85 stores, including Athletic Attic, Athletic Lady and Imperial Sports locations, will leave Just For Feet with 88 specialty stores, 151 superstores and its World Wide Web site, Feet.com. The Birmingham, Ala.-based company also said it cut 31 jobs.
Advertisement
BUSINESS
July 4, 1998 | JAMES F. PELTZ, TIMES STAFF WRITER
The sneaker business has been on loose footing for a year now, but athletic-shoe retailer Just for Feet Inc. keeps sprinting ahead with aggressive expansion plans--and Wall Street likes what it sees. Indeed, stock in the Birmingham, Ala.-based chain hit a 52-week high this week of $28.94 in Nasdaq trading.
BUSINESS
July 4, 1998 | JAMES F. PELTZ, TIMES STAFF WRITER
The sneaker business has been on loose footing for a year now, but athletic-shoe retailer Just for Feet Inc. keeps sprinting ahead with aggressive expansion plans--and Wall Street likes what it sees. Indeed, stock in the Birmingham, Ala.-based chain hit a 52-week high this week of $28.94 in Nasdaq trading.
NEWS
June 13, 1995 | STEVE PEARLSTEIN, THE WASHINGTON POST
The typical American owns two or three pairs of athletic shoes, which range in price from a $20 pair of old-fashioned sneakers at a discount store to $135 for top-of-the-line basketball shoes. One big seller has been Nike's Air Pegasus, which, like nearly all athletic shoes, is manufactured by suppliers in Asia. This accounting is based on a sale at an outlet of a large national retailer. (BEGIN TEXT OF INFOBOX / INFOGRAPHIC) Cost to Nike: Materials............................$9.00 Duties.......
BUSINESS
April 27, 2005 | From Dow Jones/Associated Press
Deloitte & Touche agreed Tuesday to pay $50 million to settle charges that it failed to detect a massive accounting fraud at Adelphia Communications Corp., a company that it deemed one of its riskiest clients. The payment to end charges filed by the Securities and Exchange Commission is the largest yet to be levied on an auditing firm in the aftermath of the accounting scandals of the last decade.
BUSINESS
February 9, 2000 | From Bloomberg News
Shares in Nike Inc. dropped 19% after the athletic apparel and shoe company warned that its earnings will be hurt this fiscal year and next by retailers' plans to close hundreds of sporting-goods stores. The stock fell $8.25 to close at $37 in New York Stock Exchange trading. Earnings for the fiscal year ending May 31 could be slightly less than the average $2.08-a-share forecast of analysts polled by First Call/Thomson Financial, Nike executives told analysts in New York.
BUSINESS
May 1, 2004 | From Bloomberg News
PepsiCo Inc. said Friday that the Securities and Exchange Commission might bring civil charges against two of the company's divisions for allegedly assisting in improper accounting by Kmart Holding Corp. The SEC, which notified PepsiCo of the possible legal action, alleges that employees of the company's soft-drink and Frito-Lay divisions signed documents acknowledging payments of $5.8 million, which Kmart used to improperly record the timing of revenue.
BUSINESS
October 6, 1999 | From Bloomberg News
Earnings trackers on Wall Street say there's still no reason to think third-quarter corporate results overall will be anything but stellar, but you wouldn't know it from the number of bombs dropping. Oil field services giant Halliburton Co. saw its shares plunge $5.25 to $34.50 on Tuesday on the New York Stock Exchange after the company warned late Monday that earnings will be in the range of 11 to 13 cents a share in the quarter, down from analysts' consensus estimate of about 19 cents.
BUSINESS
January 13, 2000 | From Bloomberg News
K-Swiss Inc., a Westlake Village-based maker of athletic shoes, said Wednesday that fiscal fourth-quarter profit may fall as much as 27% below analysts' estimates after some retailers canceled orders. The news sent K-Swiss shares plunging $4.25, or 24%, to close at $13.25 on Nasdaq.. The company expects profit of 40 cents to 50 cents a share, below analysts' average estimate of 55 cents, according to First Call/Thomson Financial. The company also expects sales of $49 million to $50 million.
BUSINESS
July 30, 2005 | From Bloomberg News
The deadline for investors to get money from Wall Street's $1.4-billion settlement over biased research was Friday -- and almost half of those eligible might have failed to file claims. About 75,000 investors were eligible for a share of the $432.8-million settlement. Applications postmarked after Friday won't be accepted. Francis McGovern, a law professor at Duke University in Durham, N.C.
BUSINESS
May 30, 2003 | From Bloomberg News
Bank of America Corp. made an undisclosed payment to a securities firm in 1999 to publish research on Just for Feet Inc., a client that filed for bankruptcy protection later that year, people familiar with the matter said. The payment to brokerage U.S. Bancorp Piper Jaffray came two months after Bank of America's securities unit arranged the April 1999 sale of $200 million in high-yield bonds for Just for Feet, a shoe retailer.
Los Angeles Times Articles
|