Author: James Hartford

Outdoor Retailer Moves Winter Market Back a Day

March 25, 2003 SGB Update

VNU Sports Group announced they will change the 2004 Outdoor Retailer Winter Market show dates to run from Friday, January 30th through Monday, February 2nd, 2004. Winter Market’s 2004 dates had originally been scheduled for January 29th-February 1st. T

MLB Gives Consent on K2/Rawlings Deal

March 24, 2003 SGB Update

K2 Inc. announced late Monday that certain consents and approvals related to the proposed merger with Rawlings Sporting Goods Company, Inc. have been obtained, including the consent of Major League Baseball, eliminating a final hurdle for K2's propos

Oleksyk Takes Top Spot at Pride Golf Products Division

March 24, 2003 SGB Update

Rick Oleksyk has teed up to take command at Pride Golf Products Division, a Gaithersburg subsidiary of Pride/Softspikes Inc. Formerly known as Softspikes Inc., the manufacturer of plastic golf cleats merged in January with Pride Manufacturing Inc., a Gu

Kmart Posts $3.22 Billion Loss for 2002

March 24, 2003 SGB Update

Kmart Corporation reported total sales for the 52 weeks ended January 29, 2003 totaled $30.76 billion, compared with $36.15 billion in fiscal 2001. On a same-store basis, sales declined 10.1% in fiscal 2002 from the previous year. Kmart reported a net l

Callaway Golf and The NHL Announce Licensing Agreement

March 24, 2003 SGB Update

Callaway Golf Company announced that it has signed a licensing agreement with the National Hockey League to manufacture and sell golf products bearing the logos of the NHL and its teams. The multiyear agreement applies to Callaway Golf products and putter

Forzani Group 2002 Profits Up 48% on 20% Sales Increase

March 24, 2003 SGB Update

The Forzani Group Ltd. announced retail system sales (corporate and franchised stores) for the fiscal year ended February 2nd, 2003 increased 20.2% to $1.053 billion compared with $876.4 million for the year ended January 27th, 2002. Net earnings for the

Converse May Delay IPO

March 24, 2003 SGB Update

Converse has reportedly canceled a conference call to discuss its planned $86 million Initial Public Offering. The IPO has been delayed to “uncertain global conditions” and stock market uncertainties over the start of the war in Iraq…

Galyan’s 2002 Profits Quadruple on 24% Sales Gain

March 20, 2003 SGB Update

Galyan's Trading Company announced earnings per share on a fully diluted basis were $1.09 per share, on net earnings of $18.7 million for the fiscal year 2002, compared to $0.32 per share on a fully diluted basis, on net earnings of $4.6 million for

G-III 2002 Profits Plunge 84% as Sales Flatten

March 20, 2003 SGB Update

G-III Group, Ltd. reported net sales for the twelve-month period ended January 31, 2003 were $202.7 million compared to $201.4 million last year. The Company reported net income of $382,000, or $0.05 per diluted share, for the twelve months ended January

Elder-Beerman Reports 2002 Profit on Weaker Sales

March 20, 2003 SGB Update

The Elder-Beerman Stores Corp. reported income, before the cumulative effect of changes in accounting principles, of $0.9 million or $0.08 per diluted share for the fiscal year ended February 1, 2003 compared to a net loss of $0.9 million or $0.08 per dil

Timex Adds Hartford Group as West Coast Reps

March 20, 2003 SGB Update

Timex announced the appointment of the Hartford Sales Group to represent Timex in the Sports channel in the west coast territory of Arizona, California, Hawaii and Nevada. The Hartford Sales Group will be representing Timex, Reebok, & Timberland watches

Nike U.S. Re-Alignment Hurts Sales and Earnings

March 19, 2003 SGB Update

NIKE, Inc. reported revenues for the third quarter ended February 28, 2003 increased 6% to $2.4 billion, versus $2.3 billion for the same period last year. Third quarter net income totaled $125 million, or $0.47 per diluted share, compared to $126 millio

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