Author: James Hartford

Asics Extends New York City Marathon Partnership

December 1, 2003 SGB Update

ASICS America Corporation and its parent company, ASICS Corporation of Japan, have announced the extension of their multi-year partnership with New York Road Runners, as the official apparel and footwear sponsor of the ING New York City Marathon…

Huffy Issues Warning on Fourth Quarter Sales and Earnings

December 1, 2003 SGB Update

Huffy Corporation announced Monday that fourth quarter sales and earnings are below plan. Currently, sales in November are lagging sales for the same period last
year, orders for the balance of the quarter are running below anticipated levels and it is t

Claiborne Completes Enyce Acquisition

December 1, 2003 SGB Update

Liz Claiborne Inc. announced today that it has completed the purchase of all of the equity interest in ENYCE HOLDING LLC for a purchase price of approximately $114 million, including the retirement of debt at closing…

JC Penney Completes Mexico Divesture

December 1, 2003 SGB Update

J. C. Penney Corporation, Inc. and its subsidiary, J. C. Penney Mexico, Inc., announced Monday that it has successfully completed the sale of its six Mexico department stores to Grupo Sanborns S.A. de C.V. of Mexico City. The sale transaction, which was a

NRF: Holiday Shopping Season Starts Strong

December 1, 2003 SGB Update

The ceremonial kickoff to the holiday season started with a bang, according to the findings of a new National Retail Federation (NRF) survey. The third installment of the NRF 2003 Holiday Consumer Intentions and Actions Survey, conducted by BIGresearch fo

Forzani Group Q3 Earnings Fall 25% as Comps Dip

November 28, 2003 SGB Executive

The Forzani Group Ltd. reported retail system sales for the third quarter ended November 2, 2003 grew by 6.0% to C$260.6 million from C$245.9 million a year ago. Combined revenues, consisting of retail sales from corporate stores and wholesale sales to fr

Next, Inc. Bank Won’t Call Note Despite Default Status

November 28, 2003 SGB Executive

Next, Inc. announced that, as a result of the previously disclosed complaint against its former CEO, the Company is in default under its credit facility with LaSalle Business Credit, LLC. The Company is not in default regarding any financial covenant of t

K2 to Acquire Fotoball in $17 Million Stock Deal

November 26, 2003 SGB Executive

K2 Inc. will purchase Fotoball USA in an all stock transaction with each outstanding share of Fotoball USA exchanged for 0.2757 shares of K2 common stock. Based on the average closing price of K2 shares of $15.85 for the 20 trading days ending November 25

Five Ten Expands McDaniel Sales Territory

November 26, 2003 SGB Executive

Five Ten Footwear is pleased to announce that their long time rep, Robert McDaniel, will be expanding his territory to include Missouri and Kansas. Robert has been representing the 5.10 line since 1998 in the south-central
U.S. territory which includes

LOWA Boots Opens New Stamford Offices

November 26, 2003 SGB Executive

LOWA boots officially opens their new doors on Monday, December 1, just in time for the holiday rush. Over Thanksgiving week-end, the LOWA staff will complete the move from their warehouse facility in Burlington, Vermont and corporate offices in downtown

K2 Inc. Appoints Merck President

November 25, 2003 SGB Executive

K2 Inc. announced the appointment of J. Wayne Merck to the position of President of K2 Inc. He will also retain his previous role as Chief Operating Officer with overall responsibility for the operations of K2's various divisions…

Brine Prevails in Suit Against STX

November 25, 2003 SGB Executive

A federal jury in Worcester, MA has returned a verdict of willful patent infringement and damages of over a million dollars in a suit brought by Brine, Inc. of Milford, Massachusetts against STX of Baltimore, MD…

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