Wall Street appears to be reacting favorably to the announcement Thursday that Sara Lee Corporation will spin off its branded apparel division and other units. Combined, businesses represent about 40% ($8.2 billion) of the company’s revenues, and focus on
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
adidas-Salomon Still Looks for Europe Gains in 2005, Nice Boost in 2006…
Herbert Hainer, chairman and CEO of adidas-Salomon, said in an interview with Reuters last week that he expects sales in Europe to increase in single-digits for 2005 despite a dip in order backlog reported at the end of third quarter. Brand adidas generat
Collegiate Pacific Gets Big Lift from Acquisitions to Post Fiscal Q2 Profit…
Collegiate Pacific reported that net sales for the fiscal second quarter ended December 31, 2004 increased 461% to $23.8 million from $4.2 million in Q2 last year.
Net income for the period was $581,000, or 6 cents per diluted share, versus a net loss o
Big 5 Sporting Goods Restatement Casts Shadow Over Solid 2004…
A Big 5 Sporting Goods accounts payable supervisor is at the center of an issue that will cause the retailer to re-state earnings for the years 2000 through 2003, effectively taking the wind out of the sails of BGFV management as they reported another sol
Sport Chalet Gets New Store Lift in Fiscal Third Quarter…
Sport Chalet, Inc. reported a 23.2% increase in net income to $3.8 million, or 53 cents per diluted share, for its fiscal third quarter ended December 31, due primarily to a decrease in SG&A expenses as a percentage of sales which more than offset a sligh
LaCrosse Turns a Corner; 2004 Earnings Jump 165%…
LaCrosse Footwear net sales for the fourth quarter of 2004 were up 5% to $28.7 million compared to $27.3 million in 2003. The Work division’s sales were $15.7 million for the fourth quarter, up 8.3% from $14.5 million last year. The Outdoor division’s sal
Acushnet Contributes Less to Parent’s Profit Pie, But Market Share Grows…
Fortune Brands reported fourth quarter and full year results, pointing to solid results in the Acushnet Golf division that they said “outperformed the market once again,” but the numbers clearly indicate that the division was a drag on overall FO performa
OR Lands New Military Glove Contract…
Outdoor Research inked a $1.6 million contract with the U.S. Marine Corps to produce 80,000 pairs of PS150 Contact Gloves. O.R. stated that in order to accommodate the needs of the U.S. Marines, the company has prioritized the manufacturing of these produ
Big 5 Sporting Goods Restatement Casts Shadow Over Solid 2004…
Big 5 Sporting Goods accounts payable supervisor is at the center of an issue that will cause the retailer to re-state earnings for the years 2000 through 2003, effectively taking the wind out of the sails of BGFV management as they reported another solid
Sport Chalet Gets New Store Lift in Fiscal Third Quarter…
Sport Chalet, Inc. reported a 23.2% increase in net income to $3.8 million, or 53 cents per diluted share, for its fiscal third quarter ended December 31, due primarily to a decrease in SG&A expenses as a percentage of sales, which more than offset a slig
Oakley’s Fourth Quarter Income Triples on Stronger Military and ‘Thump’ Sales…
In spite of initial reports coming out of Circuit City that Oakley’s ‘Thump’ sunglass/MP-3 player was seeing slow sell through, Oakley managed to pull off a very impressive fourth quarter. Oakley Q4 net sales increased 24.5% to $153.0 million, compared wi
Blizzard Acquired by IQ-Sport..
On the opening day of ISPO, Blizzard announced that IQ-Sport GmbH will acquire 100% of BLIZZARD from the brand’s parent company, Raiffeisenverband Salzburg (RVS). Financial terms of the deal were not disclosed. The acquisition is expected to close on Apr
Sims Inks Deal with World’s Largest Trading Company…
Tom Sims has inked a new licensing agreement with Itochu International, the North American subsidiary of ITOCHU Corporation, one of Japan's leading companies. Itochu now has the exclusive worldwide distribution rights of Sims Snowboards, including al
Federal Budget Proposal Leaves No Room for Recreation…
Two weeks ago in a letter to President Bush, 78 executives from OIA member-companies asked for full funding of the Land and Water Conservation Fund and the Urban Parks and Recreation Restoration Program. Both programs are designed to help states, cities
December SnowSports Sales Slow at Specialty; Chain Stores Still Has Gains…
Warm December weather slowed foot traffic in many New England Specialty SnowSports retailers causing nationwide SnowSports Specialty retail sales to slump 5% in units and 2% in dollars during the month. For the same month, SnowSports Chain retailers saw s