SGB Executive

Big 5 Q4 Comps Climb 2.6%; Will Restate Earnings

Big 5 Sporting Goods Corporation reported for the 2004 fiscal fourth quarter, net sales increased by 13.4%, to $217.6 million from $191.8 million in the corresponding 13-week fourth quarter of 2003. Same store sales increased 2.6%. Net income increased to

Garmin Beats Q4 Revenue and Earnings Guidance

Garmin announced record fourth quarter and fiscal year revenue and net income. The company's consumer segment experienced 27% revenue growth during the fourth quarter. Total revenue for the quarter increased 30% to $220.9 million from $170.1 million

Oakley Q4 Sales Up 24.5%; Income Jumps 213%

Oakley fourth quarter net sales increased 24.5% to $153.0 million, compared with $122.9 million in the fourth quarter of 2003. Net income for the fourth quarter totaled $10.0 million, or $0.15 per diluted share, a 213% increase compared with $3.2 million,

Michelle Moorehead is New Nike VP of Global Strategic Planning

Nike announced the appointment of Michelle Moorehead as vice president of global strategic planning, effective immediately. Moorehead succeeds Curt Roberts, who became the vice president and general manager of Nike Vision, Timing and Tech Ventures in May

Timberland Q4 Net Up 14% on 9.4% Revenue Increase

The Timberland Company reported record fourth quarter net income of $45.0 million and diluted earnings per share of $1.29, compared with fourth quarter 2003 net income of $39.5 million and diluted EPS of $1.10. Fourth quarter revenue increased 9.4% to $4

Sport Chalet Fiscal Q3 Comps Up 6.8%; Net Up 23%

Sport Chalet, Inc. reported that sales for its fiscal third quarter ended December 31 increased 20.3% to $95.9 million from $79.7 million for the year-ago quarter. The increase is the result of opening eight new stores, as well as a 6.8% same-store sales

Nikwax Hires New National Sales Manager

Tom Savelle has been hired as the Nikwax N.A. National Sales Manager. Savelle will oversee Nikwax’s sales program in the U.S. and Canada, and play a key role in Nikwax’s expansion into new markets. Savelle was most recently with Montrail as Digital Media

Fisher is New President of Nikwax N.A.; Given Seat on Board

Officials from Nikwax UK have promoted Chas Fisher to President of Nikwax N.A. Hired mid-2004 as General Manager for the wholly owned subsidiary of the U.K. parent company, Fisher has been the principle architect of Nikwax’s brand revitalization in the No

SnowSports Chain Stores’ Sales Up 3.2% Season-to-Date

Sales at chain stores were up 3.2% compared to last season. That translates to $298.4 million in sales compared to $289.0 million in 2003. Unit sales were down from last season 14.9%. Overall sales for the entire winter sport market(specialty and chain st

Specialty SnowSports Sales Down 3% Through December

Sales for the entire winter sport market, including specialty and chain stores, were down 1.3% in dollars to $1.33 billion for the August through December period of 2004, compared to $1.35 billion reported last year, according to the SnowSports Industries

Senegal Football Association Signs Long-Term Agreement with PUMA

PUMA and the Senegalese Football Association (Fédération Sénégalaise de Football, SFA) today, mutually announced a long-term agreement that will see the 2002 African Cup of Nations finalists and World Cup quarterfinalists endorse the PUMA brand beyond the

Outdoor Research Inks $1.6 Million Marine Glove Contract

Outdoor Research has signed a $1.6 million contract with the U.S. Marine Corps to produce 80,000 pairs of PS150 Contact Gloves manufactured with Polartec® Power Stretch with X-Static®. The gloves will allow soldiers to conduct precise technical work such

Former Vans Exec Pleads Guilty in Kickback Scheme

Former Vans Inc. VP Scott Brabson pleaded guilty Monday to four federal charges, admitting that he obtained $4.7 million in bribes and kickbacks from Chinese factories that manufactured Vans shoes and clothing. Additionally, federal officials also report

VF Corp. Gets Acquisition Boost to Best Estimates

VF Corporation reported that fourth quarter sales rose 12% to $1.56 billion from $1.39 billion in the prior year's fourth quarter. Net income increased 19% to $125.3 million from $105.6 million, with earnings per share rising 15% to $1.10 from 96 cen

InSport Returns to Triathalon After Three-Year Hiatus

InSport International has unveiled a new line of triathlon apparel for the Spring 2005 season. InSport revisited
this product category after recognizing the resurgence of popularity in multisport events as runners and joggers are now looking to expand to