Author: James Hartford

Urban Outfitters Appoints New CFO

October 29, 2003 SGB Update

Urban Outfitters, Inc. announced that John Kyees has accepted an offer to become the CFO. Mr. Kyees has had extensive experience in the financial management of a number of specialty retail companies including the Express division of the Limited, Inc. and

Aldila Posts Q3 Profit on 24% Sales Gain

October 29, 2003 SGB Update

Aldila, Inc. announced third quarter net sales increased 24% to $8.0 million, compared to net sales of $6.5 million for the 2002 third quarter. Net income was $189,000 ($.04 per share) for Q3 compared to a net loss of $699,000 ($0.14 loss per share) for

Perry Ellis Expands Europe and Australia Distribution

October 29, 2003 SGB Update

Perry Ellis International Inc. has entered into distribution agreements for three of its top brands in Europe and Australia. Bunker Boy, based in the U.K., will distribute Grand Slam products throughout the U.K. and Europe. Core Distribution will concent

Nautilus Q3 Earnings Plunge 74% as Sales Fall 24%

October 28, 2003 SGB Update

The Nautilus Group, Inc. saw third quarter net sales fall 24.1% to $116.0 million compared to $152.9 million for the corresponding period last year. Net income plunged 73.7% during to $6.6 million, or $0.20 per diluted share, compared to $25.1 million, or

Amer Group Rides Precor to Higher Q3 Sales and Profits

October 28, 2003 SGB Update

Amer Group PLC saw third quarter net sales increase 6.2% to €301.1 million ($339.2 million) compared to €283.6 million ($279.0 million) in the year-ago period. Net profit jumped 48.8% to €38.6 million ($43.5 million)on a gain of $23.0 million, or €20.5 mi

Cybex Q3 Loss Widens as Sales Increase 10%

October 28, 2003 SGB Update

Cybex International, Inc. reported net sales for the third quarter ended September 27, 2003 increased 10% to $21.9 million versus $19.9 million for the comparable 2002 period. The net loss for Q3 widened 146% to $953,000, or $0.12 per share, compared to

REI’s Madsen Named to Rails-to-Trails Board

October 28, 2003 SGB Update

Dennis Madsen, president and CEO of Recreational Equipment, Inc., has been named to the national board of directors of the Rails-to-Trails Conservancy (RTC), a Washington, D.C.-based nonprofit organization that advocates for uniting communities and improv

Gates Adds Grimsrud-Barnes Group to Cover Midwest

October 28, 2003 SGB Update

As part of an overall goal to manage and continue growth in the active mountain sports market, GATES™ Gloves and Gear has appointed Grimsrud-Barnes to represent GATES in the select territories of Illinois, Wisconsin, Minnesota, Upper Peninsula of Michigan

Luxottica Sees U.S. Q3 Retail Turnaround

October 28, 2003 SGB Update

ttica Group S.p.A. reported that third quarter consolidated net sales declined year-over-year by 6.3% to €694.5 million ($782.5 million). In constant currency, consolidated net sales for Q3 would have increased by 3.4%. Retail sales declined by 4.7% to €

Champion Licenses Name for Sports Drink

October 27, 2003 SGB Executive

Champion Athleticwear has settled its complaint against ChampionLyte Holdings, Inc. and signed a licensing agreement with the company, allowing it to continue to use the Champion name on its sugar-free entry in the isotonic sports drink category…

Head Appoints New Diving Unit Chief

October 27, 2003 SGB Executive

Head N.V. announced that Stefano Di Martino will be joining Head as the Managing Director of the Diving Division. He will take up his position in January 2004 when he will also be appointed Managing Director of HTM Sport S.p.A Italy and become a Member of

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