SGB Executive

Genesco Q1 Earnings Fall 60% on Slight Sales Uptick

Genesco Inc. reported net earnings of $3.3 million, or $0.15 per diluted share, for the first quarter ended May 3, 2003, compared with $8.2 million, or $0.33 per diluted share, for the first quarter last year. Net sales for the quarter were $193 million

Foot Locker Q1 Net Income Up 2.6% on 3.5% Sales Increase

Foot Locker, Inc. reported income from continuing operations for the first quarter increased to $39 million, or $0.27 per share, compared with $38 million, or $0.26 per share, last year. Sales increased 3.5% to $1.13 bn this year compared with sales of $

Galyan’s Q1 Loss Widens as Sales Increase 14.2%

Galyan's Trading Company, Inc. reported a GAAP net loss of $2.6 million, or $0.15 per share, for the first quarter of fiscal 2003 compared with a GAAP net loss of $414,000, or $0.02 per share in the prior year's first fiscal quarter. Net sales

Phoenix Footwear to Acquire H.S. Trask

Phoenix Footwear Group, Inc. has signed a letter of intent to acquire H.S. Trask & Co., a Montana-based designer of men's casual boots and shoes. The transaction consideration consists of cash and Phoenix Footwear stock. Under the terms of the tran

Elder_Beerman Shrinks Q1 Net Loss on 7.2% Decline

The Elder-Beerman Stores Corp. reported a net loss of $2.5 million or $0.22 per diluted share for the first quarter ended May 3, 2003, versus a net loss of $18.6 million or $1.64 per diluted share in the same period in 2002. Net sales for the quarter dec

Stein Mart Q1 Profits Fall 87% On 7.1% Sales Decline

Stein Mart, Inc. announced the company earned $1.5 million, or $0.04 per share, for the first quarter of 2003 compared to earnings of $11.4 million, or $0.27 per share, in the first quarter of 2002. Total sales were $330.6 million, a 7.1% decrease from t

Other Suitors Enter Elder-Beerman Bidding

EB Acquisition Ltd. sent a letter Wednesday to Steven Mason, the Chairman of the Board of Directors of The Elder- Beerman Stores Corp., expressing an interest in acquiring Elder-Beerman pursuant to an all-cash offer that would represent a premium to the c

O’Neill Hits the Surfer Girl Wave

O'Neill Clothing President Kelly Gibson announced that the brand will add swimwear and girls 7-14 categories to their juniors line as it continues an explosive pattern of growth.
The company reported that junior sales were up 44% in the first quarter

Nautilus Group Appeals Ruling in ICON Action

The Nautilus Group, Inc. announced that it has appealed a ruling by a U.S. District Court in which the Court denied the company's motion for a preliminary injunction and granted partial summary judgment to ICON Health and Fitness, Inc., on the issue

Boyle, Galyan and Burton Inducted into Sporting Goods Hall of Fame

The Sporting Goods Industry Hall of Fame made its inductee presentations Tuesday morning at the 39th Annual NSGA Management Conference and 5th Annual Team Dealer Summit in Phoenix. Gertrude (Gert) Boyle, Chairwoman of the board of Columbia Sportswear; Ja

Wilson Appoints Golf Marketing Team

Wilson Golf & Racquet Sports announced four appointments within the newly restructured division. Mike Boylan will assume total control of premium and recreational clubs as Business Director, Golf Clubs, while Jeff Sernick will remain Business Director, G

Adams Golf Announces Nasdaq Delisting

Adams Golf has received a Nasdaq staff determination that its securities will be delisted from The Nasdaq SmallCap Market at the opening of business on May 22, 2003 for failure to regain compliance with the minimum $1.00 closing bid price per share requir

Nordstrom Q1 Sales Up 3.5%; Records $27 Million Profit

Nordstrom, Inc. reported net earnings of $27.2 million, or $0.20 per diluted share, for the first quarter of 2003, which ended May 3, 2003 versus a net loss of $24.6 million, or $0.18 per diluted share for the year-ago period. Net sales for the quarter i