The SEC continues to make moves on company executives that have allegedly misused corporate funds or reported false revenues or profits…
Author: SGB Media
Callaway to Sell NHL Licensed Gear…
Callaway Golf Company has signed a deal to make and sell golf products bearing the logos of the National Hockey League and its teams. Callaway will use its Odyssey Golf label to market the licensed goods…
… As They Halt Japan Putter Knockoffs
Callaway Golf Company said last week that two Japan-based golf club sellers have agreed to immediately cease the sale of their “White Shot New Wave Twin Ball” putter…
Rawlings Investor Bolts as K2 Deal Gets Iffy…
Two interesting developments in the K2 / Rawlings acquisition deal last week. On Monday, K2 Chairman and CEO Richard Heckmann confirmed that Rawlings’ Major League Baseball contract is indeed the stumbling block in the acquisition talks between the two c
Cannondale Asset Sale Completed…
Cannondale completed the Section 363 sale of its assets on Friday, enabling the company to emerge from bankruptcy protection within ‘the next several weeks” following the court's anticipated approval of the auction and the subsequent closing of the
Yue Yuen Sees European Shift As Well…
Yue Yuen Industrial Ltd., a subsidiary of manufacturing powerhouse Pou Chen Corp., saw its revenues rise 31% to $611.5 million in its fiscal first quarter, pointing to acquisitions as a driver of revenue growth…
Forzani Fiscal Year Profits Surge 48%…
The Forzani Group said favorable weather patterns are expected to outweigh the issues associated with the outbreak of the conflict in Iraq. FGL announced fiscal 2003 retail system sales, which represent both corporate and franchised stores, increased 20.
G-III Looks to Licensed for Growth…
Stronger Sports Licensed Apparel drove fourth quarter sales and gross margin at G-III Apparel Group while losses widened for the quarter ended January 31, 2003…
Baseball Express Sees Sales Up 17%…
Online and catalog baseball equipment retailer Baseball Express “racked up sales of $40 million in 2002, up 17% from 2001”, according to president, Pat Cowles…
As Sales Slip in U.S., Foot Locker Looks to Europe…
With Foot Locker CEO Matt Serra stating that “BOGO’s are getting tired” and “we're missing some product there” when talking about the loss of Nike allocations and reduced orders, the company was left focusing on a building on Europe and re-building U
The TSA / Gart Merger is Looking Better Every Day — Except for Apparel Brands…
The Sports Authority reported net income climbed to $52.9 million, or $1.56 a share, for the quarter ended February 1, 2003, but the increase came primarily from deferred tax credits the company was able to take after sustaining three years of profitabili
Columbia Builds on Top of Pyramid…
Columbia Sportswear is taking steps to ensure future growth at the top end of the brand pyramid as it sees increasing competition from its own retail partners and their growing concentration on private label…
Cutter and Buck Wholesale Biz Can’t Offset Retail Liquidation…
Liquidation sales at Cutter & Buck's retail stores lifted winter revenues, but store-closing costs and legal expenses weighed down the company’s fiscal Q3 results.
Cutter & Buck said in December that it would close all 14 of its retail stores to fo
Contracts Stymie K2/Rawlings Deal…
Rawlings shares closed down 12.1% for the week to close at $7.70 on Friday after K2’s CEO said that certain conditions of its proposed deal to buy Rawlings Sporting Goods Inc. had not been met.
Hibbett Beats the Street in Q4…
Hibbett Sporting Goods shares were up 6% for the week to close at $24.40 on Friday as the small-market sporting goods operator beat both the Thomson First Call consensus estimate of 40 cents a share and HIBB's prior guidance of 39 cents to 41 cents a
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