Author: James Hartford

SGMA: Sporting Goods Imports Increase 4.1%

March 15, 2004 SGB Executive

If it’s ‘Made in Southeast Asia,’ it might well be headed to a retail shelf in the United States. This is one of the main findings of SGMA International’s analysis of the U.S. Commerce Department’s statistical data on imports of athletic footwear,

Shoe Carnival Q4 Earnings Fall 93% on 4.9% Sales Gain

March 11, 2004 SGB Update

Shoe Carnival, Inc. reported that net earnings for the fourth quarter ended January 31, 2004 were $113,000 compared with net earnings of $1.7 million in the fourth quarter last year. Diluted earnings per share were a penny per share compared with 13 cents

Variflex Fiscal Q2 Loss Widens on Lower Sales

March 11, 2004 SGB Update

Variflex, Inc. reported reported a net loss of $826,000 or ($0.18) per diluted share, for the second fiscal quarter ended January 31, 2004 on net sales of $8.5 million, compared to a net loss of $670,000, or ($0.15) per diluted share, on net sales of $9.9

Veltex to Acquire Embroidery Firm

March 10, 2004 SGB Update

Veltex Corporation has signed a letter of intent to purchase MKL, Inc., Anaheim, California, in a cash plus stock transaction. MKL, a private company, specializes in embroidery of logos and other designs on caps and garments for the promotional products i

Ross McMullin Loses Fight With Cancer

March 10, 2004 SGB Update

The former chief of the North America business for adidas succumbed to cancer on Monday at his Portland home. John Ross McMullin was just 47 years young.

The former adidas America CEO has bat

Hibbett Posts 36.7% Net Income Gain in Q4

March 10, 2004 SGB Update

Hibbett Sporting Goods, Inc. reported net income for the fourth fiscal quarter increased 41.3% to $6.5 million compared with $4.6 million in Q4 last year. Earnings per diluted share increased 36.7% to 41 cents from 30 cents in the prior year. Net sales i

Hibbett Names Mickey Newsome Chairman of the Board

March 10, 2004 SGB Update

Hibbett Sporting Goods, Inc. announced that the Board of Directors has named Mickey Newsome, President and Chief Executive Officer, to serve as Chairman of the Board. John F. Megrue, Jr. is relinquishing his role as Chairman and retiring from the Board, e

LeRoy Jumps to Gildan to Head Retail Sales

March 9, 2004 SGB Update

Gildan Activewear Inc. announced the appointment of Douglas E. LeRoy as Vice-President of Retail Sales. Mr. LeRoy will be based in Barbados and report to Mike Hoffman, President of Gildan Activewear SRL, Gildan's U.S. and international sales and mark

Nike to Blow Past Street’s Q3 Earnings Estimates

March 9, 2004 SGB Update

NIKE, Inc. now anticipates that its revenue for the fiscal third quarter ended February 29, 2004 will increase more than 20% over the prior year. The revenue increase would result in estimated third quarter earnings per share of between 71 cents and 74 c

Quiksilver to Acquire DC Shoes in $87 Milion Deal

March 8, 2004 SGB Update

Quiksilver, Inc. and DC Shoes, Inc. announced a definitive agreement whereby Quiksilver will acquire DC Shoes, the premier designer, producer and distributor of action sports inspired footwear, apparel and related accessories in the U.S. and international

GBMI Appoints Rate as Sourcing Chief

March 8, 2004 SGB Update

Global Brand Marketing, Inc. has promoted Andrew Rate to Senior Vice President of Global Sourcing and Manufacturing. In his new position, Rate will oversee all aspects of sourcing, production, and quality control of footwear, apparel, and accessories in C

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