Category: Outdoor

Buffett Walks on Burlington Deal…

March 3, 2003 SGB Update

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

Escalade To Buy Back Stock…

March 3, 2003 SGB Update

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…

LaCrosse Footwear Narrows 2002 Loss; Posts Q4 Profit

February 28, 2003 SGB Update

LaCrosse Footwear, Inc. 2002 net sales declined to $97.8 million from $125.3 million in 2001. The full year 2002 net loss was $5.1 million, or a net loss of $0.87 per share, compared to a net loss of $7.9 million, or a net loss of $1.35 per share, in 200

Mossimo 2002 Earnings Up 24% on 19% Revenue Rise

February 28, 2003 SGB Update

Mossimo, Inc. reported fiscal 2002 revenue increased 19.3% to $19.9 million compared to $16.7 million in fiscal 2001. The Company reported fiscal 2002 earnings before benefit for income taxes of $7.3 million, or $0.46 per diluted share, compared to earnin

Deckers 2002 Earnings Flat on 8.0% Sales Gain

February 28, 2003 SGB Update

Deckers reported 2002 net sales increased 8% to $99.1 million versus $91.5 million in the same period last year. Net earnings before cumulative effect of accounting change for the year ended December 31, 2002 were $1,620,000, or $0.17 per diluted share,

Former Venator CEO Joins Gadzooks Board

February 28, 2003 SGB Update

Gadzooks, Inc. announced that Carol Greer, President of the Carol Greer Associates retail consulting firm, has joined its Board of Directors, increasing its number of Directors to seven…

Famous Footwear Helps Brown Shoe Achieve Record Profits

February 27, 2003 SGB Update

Brown Shoe Company, Inc. reported net sales for 2002 rose 4.9% to $1.8 billion. Net income for fiscal 2002 was $45.2 million, or $2.52 per diluted share, compared with a net loss of $3,962,000, or 23 cents per diluted share, in fiscal 2001. Fiscal 2002

West Marine February Comps Drop 13.9%

February 27, 2003 SGB Update

West Marine, Inc. reported that net sales for the four weeks ended Feb. 22, 2003 were $31.1 million, a 12.6% increase from net sales of $27.6 million for the same period a year ago. Comparable store net sales for the four weeks ended Feb. 22, 2003 decreas

Court Approves Kmart Disclosure Statement

February 27, 2003 SGB Update

Kmart Corporation announced Wednesday that the U.S. Bankruptcy Court for the Northern District of Illinois has approved the Disclosure Statement filed in connection with the Company's First Amended Joint Plan of Reorganization…

Kratowicz Named ShopKo Division VP

February 26, 2003 SGB Update

ShopKo Stores, Inc. announced the promotion of James Kratowicz to vice president of pricing, consumer information resources and e-commerce for the company's ShopKo division…

REI 2002 Net Income Surges 112% on Total Sales Decline

February 25, 2003 SGB Update

Recreational Equipment, Inc.(REI)declared a $38.7 million patronage refund to its active members on 2002 sales of $735 million. The cooperative also announced that, based on the 2002 results, its corporate giving commitment will increase by 80% to $1.8 mi

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