SGB Executive

Oakley Pushes Pre-Earnings Press…

Based on the number of press releases Oakley sent out this past week, we would not be surprised by a less than stellar year-end and Q4 report to be released mid-week…

A Roller Coaster Week at Footstar…

Footstar saw shares close lower for the week, erasing a strong mid-week gain on news that it will expand distribution of its Thom McAn product to up to 1,500 Wal-Mart stores. The move was initially seen as a boon to the retailer that has been hit hard in

LL Bean: Tough Economy, Cut Jobs…

The outdoor brand founded on the basic principle of reacting to the needs of the consumer announced the second-largest round of layoffs in its 91-year history…

Warnaco Back on the Street…

The Warnaco Group Inc., the parent of industry brands Speedo and Authentic Fitness, emerged from Chapter 11 bankruptcy Tuesday as scheduled. The company said it closed on a $275 million exit financing facility in connection with its bankruptcy emergence

adidas Net Income Growth Slowing in 2003…

adidas-Salomon AG reported that sales for 2002 grew 11% on a currency-neutral basis exceeding $7.04 billion (€ 6.5 billion) for the year. Net income rose 10% to $248 million (€ 229 million), or $5.46 per share, up from $4.98 per share in 2001. Currency

Foot Locker Signaling a Succession Plan…

Foot Locker announced that Rick Mina has been promoted to a newly created position of President and CEO of Foot Locker, Inc., U.S.A. He will report to Matt Serra, Foot Locker, Inc.'s President and CEO. Mina will be responsible for the company'

Sport Chalet Bucks Trend, Posts Gain…

Sport Chalet saw a turnaround in comp store sales in their fiscal Q3 ending Dec. 31, 2002, posting a 2.2% same-store sales gain in a very tough retail quarter. SPCH had reported a 2.3% decline in comps in their Q2…

Sports Authority Shares Drop on Warning…

Sports Authority shares fell almost 17% for the week, closing at $5.59 on Friday. The drop was due to a company report that earnings from operations in the fourth quarter would come in at 46 cents to 49 cents a share, well below its previous expectations

Sport Supply Group Announces Improved Results for Quarter

Sports Supply saw revenues for the fiscal third quarter rise 8.7% to $18.5 million. The net loss for the quarter ending Dec. 27, 2002 narrowed to $2.4 million compared to a $3.7 million loss for the year ago period. Gross profit decreased 100 bps to 27.

Sport Supply Group Announces Improved Results for Quarter

Sports Supply saw revenues for the fiscal third quarter rise 8.7% to $18.5 million. The net loss for the quarter ending Dec. 27, 2002 narrowed to $2.4 million compared to a $3.7 million loss for the year ago period. Gross profit decreased 100 bps to 27.

Columbia Sees U.S. Business Shrink…

Columbia Sportswear saw its share price drop 16.4% for the week even as the company outpaced both earning and sales estimates for the fourth quarter. However, analysts were disappointed with company estimates for full year 2003…

Russell Out at Frisby…

Frisby Technologies announced the “termination” of company president & COO Duncan Russell…

CEO Gets Option to Buy Back Malden…

Malden Mills struck a preliminary deal with its major creditors that will allow it to emerge from bankruptcy protection this spring. The plan of reorganization will include an exclusive option in favor of president & CEO Aaron Feuerstein to purchase the

Dallas Apparel Mart is Closing…

The venerable Dallas International Apparel Mart, the 40-year old national institution that once bustled with energy and acted as a driver for many apparel businesses, is set to close next year…

Cannondale Gets New Life – For Now…

Cannondale filed for Chapter 11 bankruptcy protection in U.S. Court last week, pointing to losses in its motor- sports division that inhibited the company's ability to make future investments…

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