SGB Executive

Sara Lee to Spin-Off Apparel as New Public Entity

Sara Lee Corporation will implement a comprehensive transformation plan designed to transform the enterprise into a tightly focused food, beverage and household products company. As a result, the company is pursuing the spin-off of the balance of its appa

Soffe Closes NC Sewing Facility

M. J. Soffe is closing its Bladenboro, North Carolina sewing plant. The Company expects production operations to cease by April 15, 2005. This closing will impact 93 associates. The Company will replace the Bladenboro sewing production with products sewn

GolfWorks Inks Deal with MRC to Distribute Diamana Shafts

The GolfWorks has finalized an agreement with Mitsubishi Rayon Corporation Composite Products for the exclusive catalog distribution of the Diamana shaft line. The GolfWorks and MRCP have also announced the formation of a new Key Account Program…

Forzani Completes National Sports Acquisition

The Forzani Group Ltd. announced the successful completion of its previously announced acquisition of National Gym Clothing Ltd.(“National Sports”), an Ontario based sporting goods retailer. Final regulatory approvals were received last week…

Nautilus Plant in Oklahoma Picks Up Safety Award

A Nautilus manufacturing facility that produces high-quality fitness equipment has been honored as one of only three companies throughout Oklahoma to earn a certificate for its excellent record in workplace safety and health. The special honor, described

Play it Again Parent Sees Flat Q4 Profits on Declining Revenues

Winmark Corporation reported that net income for the year ended December 25, 2004 of $4.1 million, or 63 cents per share diluted, compared to net income of $4.0 million, or 63 cents per share, in 2003. Net income for Q4 was $980,100, or 15 cents per shar

Cybex Doubles Q4 Net Income on 12% Sales Gain

Cybex International, Inc. reported net sales for the fourth quarter were $29.8 million versus $26.6 million for the comparable 2003 period, an increase of 12%. Net income for the quarter ended December 31, 2004 was $1.7 million, or 10 cents per share on a

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