Author: SGB Media

Tropical Takes Dive on Double Hit…

January 27, 2003 SGB Update

Shares at Tropical Sportswear, Inc. dropped almost 25% for the week after the company reported a wider-than-expected loss and Swiss Army Brands announced it would take its apparel license back from the struggling Tampa-based apparel manufacturer…

ASICS Sues Fred’s for Knock-offs…

January 27, 2003 SGB Update

ASICS filed suit Friday in the Federal District Court in the Western District of Tennessee against Fred's, Inc, a 350+ store discount retail chain in the Southeast, for trademark infringement, unfair competition, and trademark dilution…

Aussie Apparel Group Acquires Brands…

January 27, 2003 SGB Update

Aussie Apparel Group, Ltd. signed the closing documents last month to acquire the Hot Tuna, Xisle, Piranha Boy and Piranha Girl brands from Federation Group. The definitive agreement, signed on December 17, 2002, is valued at approximately $7.5 million…

Pride Manufacturing Acquires Softspikes, Inc.

January 27, 2003 SGB Update

Pride Manufacturing LLC announced the acquisition of Softspikes Inc. As part of the acquisition, Pride assumes ownership of Sport Holdings Inc., which includes Softspikes Inc., as well as Trisport Ltd. of England, the leading manufacturer of cleats and re

Quiksilver Expands CapEx Budget in 2003…

January 27, 2003 SGB Executive

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

Callaway Takes Hit After Filing Late 10-Q…

January 20, 2003 SGB Update

Shares at Callaway Golf dipped nearly 8.8% for the week after an erroneous Bloomberg News report put a damper on the company’s otherwise positive predictions that its sales and profits for 2002 might be better than forecast…

Columbia Gets Canadian Duty Penalty Relief…

January 13, 2003 SGB Update

Columbia and its Sorel unit have been paying additional duties up to 72% since September of last year. The levy was based on an initial Canadian Customs and Revenue Agency finding that nine Columbia footwear models and 37 Sorel footwear models imported f

Vans May Not Meet Lender Covenants…

January 13, 2003 SGB Update

Vans Inc., citing losses that it posted in the second quarter, said it might be failing to comply with one or both of its covenants regarding EBITDA under a credit line for its third quarter ending March 1. The company said its lenders have consented to

Four Great Companies to Work For…

January 13, 2003 SGB Update

REI, WL Gore, Timberland and Nordstrom were once again named to Fortune magazine’s “100 Best Companies to Work For” list. Gore topped the list for the sports-related companies, checking in at #27, seven slots higher than last year’s #34 ranking. Gore, w

Wells Fargo Helps Re-Cap Copeland’s…

January 13, 2003 SGB Update

Wells Fargo Retail Finance, LLC announced that it has provided a $35 million credit facility for Copeland Enterprises, Inc., operators of Copeland's Sports. The credit facility contributed to the recapitilization of the Company by Bruckmann, Rosser,

Phoenix Takes a Run at Antigua…

January 13, 2003 SGB Update

Phoenix Footwear Group, Inc., formerly known as Daniel Green Company, has made an offer to purchase Antigua Enterprises, Inc. through a tax-free merger. The deal would see Phoenix acquiring all of Antigua's approximately 15,030,214 shares of outstan

Oakley Sees 2003 Earnings Below Street View…

January 13, 2003 SGB Update

Oakley shares were off 4.2% for the week after the company reaffirmed its guidance for fourth quarter and issued its initial expectations for 2003. The company sees Q4 earnings per diluted share of approximately $0.03 before a previously announced Europ

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