Outdoor | Page 2496 | SGB Media Online

The Finish Line Fiscal Year Net Income Up 35% on 8.0% Sales Gain

March 27, 2003 SGB Update

The Finish Line, Inc. reported fiscal 2003 net sales increased 8% to $757.2 million for the fifty-two weeks ended March 1, 2003 compared to $701.4 million for the fiscal 2002. Comparable store net sales increased 3% for the year. On a GAAP basis, net in

True Temper 2002 Sales Decline 3.3%

March 27, 2003 SGB Update

True Temper Sports, Inc. reported that 2002 sales declined by 3.3% to $107.4 million in 2002 from $111.1 million the prior year. Full year net income decreased to $9.3 million from $24.6 million in the prior year. Net income increased 35% from $6.9 mill

K2 Inc. and Rawlings Announce Merger Exchange Ratio

March 26, 2003 SGB Update

K2 Inc.and Rawlings Sporting Goods Company, Inc. have announced the exchange ratio in connection with K2's proposed merger with Rawlings. If the merger with Rawlings is completed, each Rawlings stockholder will receive 1.080 shares of K2 common stock

GoLite Finds Military Deals Sometimes Cumbersome

March 26, 2003 SGB Update

Demetri Coupounas, president of Boulder-based GoLite, is glad that America's elite warriors have adopted the company's lightweight sports gear for battle. But it's not as though he went after the business. GoLite generally doesn't

Reebok Sees Earnings, Profits Rise, But CEO Gets No Raise

March 25, 2003 SGB Update

Although Reebok International Ltd. saw its profits rise smartly in 2002, the salary and bonus of chairman and chief executive Paul Fireman remained roughly the same at about $3.08 million, according to a proxy filed Monday to the Securities and Exchang

Oleksyk Takes Top Spot at Pride Golf Products Division

March 24, 2003 SGB Update

Rick Oleksyk has teed up to take command at Pride Golf Products Division, a Gaithersburg subsidiary of Pride/Softspikes Inc. Formerly known as Softspikes Inc., the manufacturer of plastic golf cleats merged in January with Pride Manufacturing Inc., a Gu

Kmart Posts $3.22 Billion Loss for 2002

March 24, 2003 SGB Update

Kmart Corporation reported total sales for the 52 weeks ended January 29, 2003 totaled $30.76 billion, compared with $36.15 billion in fiscal 2001. On a same-store basis, sales declined 10.1% in fiscal 2002 from the previous year. Kmart reported a net l

Converse May Delay IPO

March 24, 2003 SGB Update

Converse has reportedly canceled a conference call to discuss its planned $86 million Initial Public Offering. The IPO has been delayed to “uncertain global conditions” and stock market uncertainties over the start of the war in Iraq…

Vans Q3 Hit on Skatepark Charge…

March 24, 2003 SGB Update

It wasn’t long ago that the Vans skateparks represented a revolutionary approach to marketing the brand to the extreme sports crowd. The concept was once the envy of the industry – a marketing concept that pays for itself and eventually becomes a profit

Of Course We’ll Still Buy Shoes…

March 24, 2003 SGB Update

Consumers may cut back on spending on the traditional “big ticket” items this spring but fewer expect to cut into their Apparel and Footwear purchases…

Wilson Exec Nabbed for eBay Sales…

March 24, 2003 SGB Update

Even as eBay attempts to make inroads into the sporting goods market with its close alliance with SGMA International and The Super Show’s Financial Day program, it seems that the online auction “e-tailer” has also given rise to opportunists that sell stol

Rawlings Investor Bolts as K2 Deal Gets Iffy…

March 24, 2003 SGB Update

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