Author: James Hartford

Airwalk Taps Royer as New European Licensee

February 2, 2004 SGB Update

Collective Licensing International, LLC, owner of the Airwalk® brand, recently announced that the company has entered into a pan-european licensing agreement with France-based Royer SA to license the Airwalk® brand. Royer SA will distribute and market Air

PUMA Doubles 2003 Net Income on 40% Sales Increase

January 30, 2004 SGB Update

PUMA AG Rudolf Dassler Sport reported preliminary results for FY 2003 indicating that consolidated sales increased 40.0% to €1.27 bn ($1.44 bn) from €910 million ($861 mm), or up 48% in currency-neutral terms. Consolidated net
earnings rose from €85 milli

Gildan Calls for Independent Audit of Honduran Operation

January 30, 2004 SGB Update

Gildan Activewear Inc. has requested the Fair Labor Association, in which Gildan is a Participating Company, to conduct an independent audit at one of its Honduran sewing facilities. The audit is related to a complaint filed with the FLA, alleging that Gi

Delta Sees Fiscal Q2 Loss Despite 52% Increase in Sales

January 30, 2004 SGB Update

Delta Apparel, Inc. announced a 52.1% increase in sales to $45.6 million for the company's second fiscal quarter ended December 27, 2003. The $15.6 million sales increase over the prior year quarter was the result of the acquisition of M. J. Soffe C

Russell Athletic Renews BCS Agreement for Two More Years

January 30, 2004 SGB Update

Russell Athletic, a division of Russell Corporation, has reached an agreement in principal to renew its Bowl Championship Series sponsorship with ESPN and ABC Sports for the next two seasons, which goes through the championship game in January 2006. Fina

Russell Corp. to Reincorporate in Delaware

January 30, 2004 SGB Update

The Russell Corporation board of directors has approved a proposal to change the Company's state of legal incorporation from Alabama to Delaware. The reincorporation proposal will be submitted for consideration at Russell's annual meeting of sha

Footstar Gets Extension from Lenders to File Financials

January 30, 2004 SGB Update

Footstar, Inc. today reported that it has received a waiver and extension until February 11, 2004 of the requirement to provide financial statements to the syndicate of banks, led by Fleet National Bank, that provides the Company's $345 million senio

Brunswick Sees Q4 Net Income Jump 95% on 17% Sales Gain

January 29, 2004 SGB Executive

Brunswick Corporation reported net earnings of $39.9 million, or 43 cents per diluted share, for Q4 2003, nearly double net earnings of $20.5 million, or 22 cents per diluted share, for the year-ago quarter. BC said the 95% increase in net earnings came

Deckers Inks Ugg Handbags License Deal

January 29, 2004 SGB Update

Deckers Outdoor Corporation has entered into a license agreement for handbags and small leather goods bearing the Ugg brand in the United States. Under the terms of the agreement, Jacobs & Leslie Hsu Designs, a designer and distributor of high-end handbag

Columbia Q4 Net Income Grows 10.5% on 18.5% Sales Gain

January 29, 2004 SGB Update

Columbia Sportswear Company reported net sales increased 18.5% to $257.4 million for the fourth quarter ended December 31, 2003, versus net sales of $217.3 million for the same period of 2002. Net income increased 10.5% to $32.2 million, or 79 cents per

Puma Re-Signs Zito to Two Year Deal

January 29, 2004 SGB Update

PUMA has announced the re-signing of Barry Zito, the 2002 Cy Young Award winning Oakland A's pitcher. The two-year sponsorship agreement extends his relationship with PUMA baseball to 5 years. Zito joins some of the best players in baseball represent

Brine Wins Final Judgment in STX Action

January 29, 2004 SGB Update

A federal judge in Worcester, Massachusetts has issued a final judgment of almost $3 million dollars in a patent infringement suit brought by Brine, Inc. against STX of
Baltimore, Maryland. In November 2003, a federal jury returned a verdict of willful pa

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