Author: SGB Media

Airwalk Banker Gets Expedited Hearing…

November 24, 2003 SGB Update

Congress Financial, Airwalk International’s senior secured creditor, has been granted an expedited hearing on November 26, 2003 to press their case with the U.S. Bankruptcy Court in Denver. The Court had stayed the initial NY State Court order that enabl

Watercraft Sinks Johnson Outdoors…

November 24, 2003 SGB Update

Johnson Outdoors is taking full responsibility for their poor performance in the fourth quarter. Chairperson and CEO Helen Johnson-Leipold said repeatedly said in a conference call with analysts that the management team is “disappointed”, and “It’s time

Dwindle Opens Chop Chop Wood Shop in China for Skate Decks..

November 24, 2003 SGB Update

Dwindle Distribution announced this week that they will now be producing all of their skateboard decks in China. The new facility has been named the “Chop Chop Wood Shop” and is expected to allow the company to increase the number of man hours spent on ea

Amer Takes on ATEC, Dumps Tobacco…

November 24, 2003 SGB Update

Wilson Sporting Goods has purchased the Athletic Training Equipment Company from Sport Supply Group for a cash consideration of $10.5 million. ATEC, which manufactures pitching machines and training equipment, posted $11 million in sales last year and we

Genesco Adds Nike to Mall Mix…

November 24, 2003 SGB Update

Genesco is tapping into the renewed focus on athletic in the mall, deciding to add Nike to their broad breadth of footwear suppliers at Journeys and Underground Station. The company said it will add Nike to a “majority” of Underground Station stores and

Carnival Held Back by Boot Weakness…

November 24, 2003 SGB Update

Although Shoe Carnival didn’t meet analysts’ (or its own) expectations for comp store sales for the third quarter, the retailer controlled expenses and saw improvement in gross margin through better inventory management to deliver results in line with the

SEW Goes One-On-One with… Jim Tompkins

November 24, 2003 SGB Executive

Jim Tompkins is President and COO of New Balance Athletic Shoe, Inc. Mr. Tompkins joined the company in 1984 as a product manager and moved to the U.K. in 1985 to serve as the Sales & Marketing Manager for New Balance Europe. He returned in 1988 to as

Fourth Quarter Net Income Up at Stage Stores On Lower Sales

November 20, 2003 SGB Update

Stage Stores, Inc. net income for Q3 ended November 1, 2003 was $12.9 million, or $0.63 per diluted share, compared to $10.2 million, or $0.50 per diluted share, for the prior year Q3. Total sales for the 13-week period decreased 3.2% to $197.9 million fr

The Hockey Company Acquires German Distributor

November 20, 2003 SGB Update

The Hockey Company Holdings announced the proposed acquisition of Norbert Ewald GmbH (Ewald Sport Service), a leading hockey equipment distributor in Germany, in order to better service the Central European market…

Reebok Hires New Chief Human Resources Officer

November 20, 2003 SGB Update

Reebok has appointed Bob Myers as Chief Human Resources Officer and Senior Vice President of the corporation. Bob has more than twenty-two years of human resources experience, which includes leadership positions at such top global brands as PepsiCo, Targ

Vail Resorts Shuffles Their Deck

November 19, 2003 SGB Executive

Vail Resorts announced two senior officer appointments: Jeffrey W. Jones, currently SVP and CFO of Vail Resorts Development Company, will become senior vice president and chief financial officer of Vail Resorts, Inc. In this capacity, Jeff Jones will be r

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