FL-Based The Sports Authority (TSA) recorded record
second-quarter sales, net income and earnings per share for
the period ended July 27, 1997. The company earned net
income of $9.6M, or $.30/share, compared to $9.2M, or
$.29/share in '96. Sales for the period were $383M, up 16%
from the $332M in 2Q '96. For the six months to date, net
income was $12.2M, or $.38/share, an 8% increase over the
$11.2M, or $.35/share in '96. Sales for the six months
totaled $703M, 17% over '96 (TSA). CNBC's Sue Herera
reported that The Sports Authority's earnings were "right in
line with Wall Street estimates" ("Business Tonight," 8/12).
A NEW BOSTON STADIUM? NJ-based Sneaker Stadium is
opening its first store in Natick, MA, this week, and the
BOSTON GLOBE's Chris Reidy writes that the "big-box" store
"hopes it can do for athletic footwear what Staples Inc. has
done for office supplies." Sneaker Stadium Dir of
Advertising & Marketing Laura Anne Williams said the company
projects sales of nearly $150M in '97, with 60% of the
customer base being male (BOSTON GLOBE, 8/13).