Author: James Hartford

Vans Gets $8.0 Million Award in Brabson Lawsuit

February 4, 2003 SGB Update

Vans was awarded approximately $8.0 million in a lawsuit Vans had filed against a former officer and consultant and their affiliates in March 2002. The suit alleged that the defendants engaged in a conspiracy to get unauthorized payments or commissions fr

Mr. Rags Files Chapter 11…

February 3, 2003 SGB Update

California-based Mr. Rags Acquisition Inc. has filed for Chapter 11 bankruptcy protection. A private investment firm bought the 114 store teen retailer last spring from Claire’s Stores…

Quiksilver Expands CapEx Budget in 2003…

February 3, 2003 SGB Update

Quiksilver Inc. announced in an SEC filing last week that it expects $35 million to $40 million in capital expenditures in fiscal 2003 ending October 31, 2003. Fiscal 2002 capital expenditures were $22.2 million, compared with $22.6 million in fiscal 200

Head Consolidates Winter Sports Operations

February 3, 2003 SGB Update

Head N.V. announced a two-stage process to consolidate offices and warehousing in the U.S. The Head Tyrolia Wintersports business will move to Norwalk, CT and the company's Winter warehouse will be consolidated into the new, larger, state-of-the-art

The Sports Authority Cuts Q4 Outlook on Reduced Comps

January 31, 2003 SGB Update

The Sports Authority, Inc. announced that it expects fourth quarter earnings from normal operations of $0.46 to $0.49 per diluted share versus the Company's prior guidance of $0.50 to $0.53. The reduced view is expected to result in
earnings per di

JC Penney Appoints Krauter GMM Men’s and Kid’s

January 31, 2003 SGB Update

J.C. Penney Corporation, Inc. announced the appointment of Lana Cain Krauter, 51, as Executive Vice President and General Merchandise Manager, Men's and Children's Division. She will report to Vanessa Castagna, JCP Chairman and Chief CEO of JCPe

Columbia Reports 2002 Net Income Up 15.4%

January 31, 2003 SGB Update

Columbia Sportswear Company announced net sales increased 1.4% to $217.3 million for the fourth quarter ended December 31, 2002. The company reported net sales increased 4.7% to $816.3 million for fiscal year 2002. Net income for Q4 was $29.1 million, a

Brunswick Sees Q4 Net Sales Rise 29%; Reports Profit

January 31, 2003 SGB Update

Brunswick Corporation reported net earnings of $20.5 million for the fourth quarter of 2002, compared with a net loss of $2.6 million for the year-ago quarter. Sales increased 29% to $928.0 million. The company reported net sales rose 10% to $3.7 bn for

SIA Appoints New Chairman, Board Members

January 31, 2003 SGB Update

A new chairman and three directors were elected
to the SnowSports Industries America board of directors this week at the association’s annual meeting in Las Vegas. The meeting was held in conjunction with the 2003
SIA SnowSports Show…

Malden Strikes Initial Deal on Chapter 11 Exit

January 30, 2003 SGB Update

Malden Mills Industries, Inc. announced that the company, the agent for its senior lending group, and its unsecured creditors' committee have agreed in principle to terms for a consensual plan of reorganization…

Vans Extends Asia Licenses

January 30, 2003 SGB Update

Vans, Inc. announced that it has reached agreements for five-year extensions of its license agreements with ABC-Mart Inc. The licenses cover Japan, South Korea, Hong Kong, and Taiwan…

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