Berkshire Hathaway, Inc. has cancelled its $579 million cash offer to acquire Burlington Industries, Inc. out of bankruptcy court. The deal, initially announced February 11, 2003, was terminated by Warren Buffett’s BRK after a Delaware bankruptcy judge b
Author: SGB Media
Honest, Your container Fell Off a Ship…
We have either used the story or heard the story in our careers, but it appears that containers really DO fall off of boats in the Pacific Ocean…
Billabong Shares Hit Undertow…
Shares of the Australian surf lifestyle brand were down 8.9% in heavy trading late last week after the company backed off earlier guidance on fiscal ‘03 earnings. BBG closed at A$5.35 on Friday after three days of trading that saw over 10.4 million share
Exchange Rates Hurt and Benefit Head…
Head N.V. expects 2003 sales and profits to be flat or lower than the results reported in 2002 – results impacted a great deal by currency exchange rates & rules.
Net sales for 2002 declined 1.1% to $387.5 million. HED company saw a net loss of $2.6 mi
Escalade To Buy Back Stock…
Escalade, Inc. will purchase of up to $3 million of its common stock on the open market or through privately negotiated transactions. ESCA’s Board of Directors authorized the buy-back at the company’s quarterly meeting…
Skechers on the Back Side of the Curve…
Skechers USA saw shares plunge 18.4% for the week after the company surprised the market — and the industry — with projections for Q1, which show a dramatic slowdown to their business…
MAGIC Can’t Pull a Rabbit Out of This Hat…
On the flight to Las Vegas for the MAGIC show last Tuesday I thought about complaining about making the fourth trip to the city-that-never-sleeps in as many weeks for trade shows. Then I thought about the exhibitors and attendees stuck under two feet of
Sportsman’s Guide Rides ‘Net Wave…
Internet sales are expected to account for a third of total sales at The Sportsman’s Guide in 2003 after reaching the 30% mark in 2002. Web sales represented 21% of sales in 2001…
Galyan’s to Stay in Hometown…
Galyan’s Trading Co. has decided to stay in Plainfield, IN, the town where it first started in business more than 40 years ago. The retailer had been looking at numerous sites in the Indianapolis area, but will now work with Plainfield to locate a buildi
Reebok: DOH! Part Too…
I believe it was Jim Carey in his unforgettable performance in The Mask that first exclaimed the words, “Somebody Stop Me!”, but someone at Reebok should be looking in the mirror and shouting the same this week after the company announced its latest retai
Earth and Ocean Sports Sinks…
The parent company of water ski and wakeboard brands O'Brien and Liquid Force ran out of money on February 10, 2003, laying off over 130 people in its Seattle and California facilities…
K2 Goes on Offense…
K2 is set to go on the offensive in 2003 after spending much of the last 18 months paying down debt and building a war chest. The umbrella company for several Inline Skate, Ski & Snowboard and Fishing Tackle and Water Products brands is also expected to
As Rawlings Investor Gives Go Ahead…
Daniel Gilbert, who holds nearly 15% of Rawlings' stock, said he has become comfortable with K2 CEO Dick Heckmann's vision for Rawlings and will support KTO’s purchase of the venerable sporting goods brand…
China Gives Nike Spanish Relief…
Nike lost its Spanish trademark battle, but may have won the war in the Chinese courts…
When Does a Good Show Get Too Big???
Lesson One in trying to kill the golden goose trade show – make the show so big that you have to trek all over town and then shoo away all the retailers with bad timing. Blow into a balloon long enough and it will pop!…
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