Author: James Hartford

Puma Signs Deal with Formula One Team

December 10, 2003 SGB Update

PUMA AG and BMW WilliamsF1 Team have announced that they have signed a multi-year contract for PUMA AG to become the official supplier of footwear, teamwear and fireproof racewear to the BMW WilliamsF1 Team…

Specialized Recalls Mountain Bike Brake Rotors

December 10, 2003 SGB Update

Specialized Bicycle Components Inc. announced Wednesday a voluntary recall of its brake rotors for mountain bikes.
Company officials said during heavy braking, the brake tabs on the front forks could fail, possibly causing a loss of control and a fall fr

Spiegel Granted Additional Time to File Audited Financials

December 10, 2003 SGB Update

The Spiegel Group announced that the U.S. District Court in Chicago entered an Order on December 4, 2003, granting relief in response to the company's motion to modify the Amended Partial Final Judgment and Order of Permanent Injunction and Other Equ

Next, Inc. Inks Revised Financing Agreement

December 10, 2003 SGB Update

Next, Inc. has reached an agreement with LaSalle Business Credit, LLC, its primary lender, on a revised credit facility which waves the previously announced default under the original terms. Charles L. Thompson, CFO of Next, facilitated the waiver by volu

HH Brown Licenses Born Kid’s Footwear to Stride Rite

December 9, 2003 SGB Update

The Stride Rite Corporation announced a new licensing partnership with H.H. Brown Shoe Company, Inc. to develop, market and sell an exclusive line of children's footwear under the Born name. The license agreement, which will run through March 2007, c

Online Retail Come Into Its Own This Holiday Season

December 9, 2003 SGB Executive

Online retailers are giving thanks for an increase in sales over Black Friday weekend, according to the findings of a new Shop.org/BizRate.com eHoliday Mood Study. The second installment of the study found that more than half of retailers saw sales incre

Martin Resigns CFO Post at Russell Corp.

December 8, 2003 SGB Update

Russell Corporation announced that Robert D. Martin, senior vice president and chief financial officer, will leave the company effective December 31, 2003. Eric N. Hoyle, Russell's CFO from 1998 to 2000, will assume responsibility as interim chief fi

adidas Sees Shift in Legal Department, Executive Board

December 5, 2003 SGB Update

Manfred Ihle, member of the adidas-Salomon Executive Board, responsible for legal and environmental affairs, will leave the Executive Board of adidas-Salomon AG effective June 30th, 2004 to commence retirement. From July 1st, 2004 the Global Legal Departm

Ross Stores November Comps Grow 5.0%

December 4, 2003 SGB Update

Ross Stores, Inc. reported that sales grew 15% to $364 million for the four weeks ended November 29, 2003. These results were on top of a 12% increase for the four weeks ended November 30, 2002, when sales totaled $316 million. Comparable store sales for

Kohl’s November Comps Continue Downward Trend

December 4, 2003 SGB Update

Kohl's Corporation reported that sales for the four week
period ended November 29, 2003 increased 9.3% over the four week period ended November 30, 2002. On a comparable store basis, sales decreased 4.4%. Year-to-date same-store sales are down 1.6%

Saks Inc. Reports 6.7% November Comp Sales Gain

December 4, 2003 SGB Update

Retailer Saks Incorporated announced that total sales for the four weeks ended November 29, 2003 increased 7.6% and comparable store sales increased 6.7% on a total company basis. By segment, comparable store sales increased 3.7% for SDSG and increased 11

Callaway Moving Hogan Operations to Carlsbad

December 4, 2003 SGB Update

Callaway Golf Company will transfer essentially all of the Ben Hogan golf club manufacturing operations from their current location in Fort Worth, TX, to Callaway Golf headquarters in Carlsbad, CA. The move will be completed early in 2004. Callaway said

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