SGB Executive

Torpedo Sports to Liquidate Subsidiary

Torpedo Sports USA, Inc. has evaluated the future business prospects for its children's snow products and related business conducted by its wholly owned subsidiary, Torpedo Sports, Inc. of Canada, as previously announced on February 4, 2004. Followi

Hibbett Q1 Net Income Jumps 53.4% on 8.8% Comp Sales Gain

Hibbett Sporting Goods reported that net sales for the first quarter ended May 1, 2004 increased 21.3% to $96.5 million compared with $79.6 million for the year-ago period. Comparable store sales increased 8.8%. Net income increased 53.4% to $8.1 millio

Egeck Named President of Outdoor – North America at VF

VF Corporation announced changes in leadership designed to support the continued growth and expansion in its Outdoor Coalition. Mike Egeck, currently President of The North Face, has been named President of Outdoor – North America. In his new role, Egeck

Stage Stores Net Income Climbs 41%

Stage Stores reported that net income for the first quarter, 2004 increased 41.0% to $18.9 million from $13.4 million for the prior year first quarter. Due to the higher number of diluted shares outstanding in this year's first quarter versus last ye

Collegiate Pacific Retires Debt

Collegiate Pacific announced that due to increased cash flows and continuing conversion of its outstanding warrants, it has now paid in full its outstanding commercial bank line. Michael Blumenfeld, CEO, said that the company is now in a position to pursu

Brown Shoe Sees Q1 Earnings Decline on Bass License Costs

Brown Shoe reported that net earnings in the fiscal first quarter declined 4.8% to $8.6 million for the quarter, or 45 cents per diluted share, versus net earnings of $9.0 million, or 49 cents per diluted share, in the first quarter of 2003. Excluding a

Gander Mountain Q1 Comps Up 8.7%; Loss Widens

Gander Mountain Company reported total sales for the first quarter of fiscal 2004 increased 42%, or $29.3 million, to $98.7 million. Comparable store sales increased 8.7%. The net loss for the quarter was $13.6 million compared with a net loss of $11.2 mi

TJX Net Income Up 48% in Q1; Bob’s Posts Profit

The TJX Companies, Inc. reported that first quarter sales at Bob's Stores were $61.4 million and posteds operating earnings of $1.25 million at the 31-door unut acquired last last year after a hard bidding process with Dick's SG and their partne

Lucy Gets a New CEO; Investors Investing in Growth

lucy activewear, inc. has appointed Michael J. Edwards as president and CEO. Edwards will also join the company's board of directors and will assume his responsibilities on June 14, 2004. Edwards succeeds founder Sue Levin, who will continue to serve

OIA Offers Senate Written Testimony on Public Lands Fee Proposal

The Senate Public Lands and Forests Subcommittee of the Energy and Natural Resources Committee received written testimony from OIA Vice President of Government Affairs Myrna Johnson earlier this month. The testimony voiced the concerns of OIA and its memb

Trails.com Partners with O.B. West

Trails.com and Outward Bound® West, one of four wilderness schools within Outward Bound USA, announced plans to form a strategic partnership. Trails.com will provide free Trail Finder™ subscriptions to more than 10,000 Outward Bound® West students, alumni

McCurdy Joins Adventure Sports Mag.

Outdoor industry media veteran Mimi McCurdy has recently joined the Adventure Sports magazine (ASM) team as a Senior National Advertising Sales Executive. McCurdy brings to ASM a great deal of industry knowledge and a plethora of publishing experience.

Dick’s SG Q1 Net Income Jumps 64%; Comps Rise 4.6%

Dick's Sporting Goods, Inc. reported net income for the first quarter ended May 1, 2004 increased 64% to $10.9 million and earnings per share increased 50% to 21 cents per diluted share as compared to net income of $6.7 million and earnings per share

Footstar Sells Off Balance of Shoe Zone Stores

Footstar, Inc. has entered into an agreement for the sale of its 27 Shoe Zone stores in Puerto Rico to Novus, Inc. for $5.5 million in cash, subject to closing adjustments and conditions including approval of the Bankruptcy Court. The agreement continues

BackcountryStore.com Changes Name; Doubles Sales Again…

BackcountryStore.com has changed its name to Backcountry.com and re-launched with a new look. For the past seven years Backcountry.com has been posting triple digit sales increases, and Dustin Robertson, Marketing Manager for the online retailer, told BOS