Footstar’s sudden announcement last week that they may file for bankruptcy protection if they couldn’t sell off assets and/or get new financing had everyone scrambling on Thursday at the show. While we didn’t find any vendors that would readily admit tha
Author: SGB Media
Mossimo Delays the Inevitable…
In June of last year, the Los Angeles Superior Court ruled that the finder's agreement between Cherokee Inc. and Mossimo Inc. was valid, ruling that Mossimomust pay Cherokee 15% of all monies received by MOSS from Target Stores pursuant to Mossimo�
Big 5 Sees a “Wonderful” Start in 2004…
Big 5 Sporting Goods is reportedly off to another good year after reporting its eighth straight year of comp store sales increase and its 32nd consecutive quarterly gain. Management characterized the start to 2004 as “wonderful” due to “favorable weather
Russell Sees Nice Upside from Acquisitions; Base Business Continues Sharp Decline…
Russell Corporation’s Russell Athletic division looked to acquisitions once again to post any type of growth for the fourth quarter of 2003. Sales for the division without the Spalding and Bike Athletic acquisitions last year would have been down about 1
Oakley Gets Q4 Sunglass Spike; Looks to International and Retail for 2003 Gains…
Oakley saw its U.S. wholesale business, led by growth in Sunglass sales, rebound in the fourth quarter after trending lower for much of the year. Full year 2003 numbers appear to reflect a trend that sees Oakley relying more on its owned-retail sale to g
VF Corp Again Taps Outdoor for Gains…
VF Corporation has identified the outdoor category as a key growth driver for the corporation and plans to “aggressively pursue growth” in the division through acquisitions as well as organic internal growth. Full year 2003 sales in the company's Ou
Dick’s Raise Guidance; Splits Shares…
Dick's Sporting Goods is again raising expectations for itself as well as the industry after reporting that total sales for the fiscal fourth quarter ended January 31 increased 20% to $474.4 million from with $395.2 million in the year-ago period. Co
Sport Supply Gets Lift from Asset Sales…
The November sale of the company’s Athletic Training Equipment Company division to Wilson Team Sports has enabled Sport Supply Group to post a net gain in earnings for its fiscal third quarter ended December 26.
SIA SnowSports Retail Audit Reveals Deeper Price Deflation at Specialty…
According to the preliminary SIA Retail Audit for the first five months of the 2003/2004 winter season, total sales for the winter sports market increased by 1.5% to $1.35 billion compared to $1.33 billion in 2002. Unit sales were up 4.6%, signaling some
Patagonia Pushes for Dam Removal on Lower Snake River
As a result of a partnership between The Save Our Wild Salmon Coalition (SOS) and outdoor apparel company Patagonia, Inc., over ten-thousand emails and letters have been sent to President George W. Bush since October 30th, urging him to remove four dams o
Footstar Announces Possible Bankruptcy
Footstar, Inc. reported that it has received a waiver and extension until February 27, 2004 of the requirement to provide financial statements to the syndicate of banks, led by Fleet National Bank, that provide the Company's $345 million senior secur
Sportsman’s Guide Net Earnings Up 53.3% on 8.6% Sales Increase
The Sportsman's Guide reported results of operations for the quarter and year ended December 31, 2003 that were at the high end of the Company's most recent guidance. Sales for the quarter were $71.7 million, an increase over the $66.3 million
Phoenix Footwear Q4 Sales Up 53% with 10% Organic Growth
Phoenix Footwear Group announced consolidated results for the fourth quarter and full-year ended December 27, 2003. Net sales for the fourth quarter totaled $11.3 million versus $7.4 million for the fourth quarter of 2002, an increase of $3.9 million or
TSA Hires New Brand Strategy Firm
Watt International, a wholly-owned subsidiary of Envoy Communications Group Inc. announced that it has been selected by North America's largest sporting goods retailer, Sports Authority, Inc., as its branding and design agency of record…
Cutter and Buck Responds To Insurance Case Ruling
Cutter & Buck Inc. responded to the court's issuance of an order rejecting the company's claims against Genesis Insurance Company. Cutter & Buck had sought reinstatement of its directors' and officers' liability insurance policy, which