SGB Executive

Dutch Authorities Destroy Columbia Knock-Offs

Last November, Dutch Customs at the Port of Rotterdam seized 2900 imitation Columbia Sportswear jackets bearing the label “Solumbia” and featuring a simulation of the well-known “Columbia diamond” trademark. Through the Dutch legal process, all 2900 imit

SIA: Chain Store Sales Were Down 5.1% for 02/03 Season

Chain store sales were down 5.1% for the 2002/03 winter sports season (August through March) compared to the same period in 2002. In dollars, that translates to $487.6 million in sales compared to $513.7 million in 2002. The unit sales tracked 10.5% beh

SIA: Specialty Store Sales Rose 7.1% for Season

Overall sales for the entire winter sports market increased by 4.1% in dollars to $2.2 bn compared to $2.1 bn in 2002 for the season according to the SIA Retail Audit. Sales at specialty ski and snowboard shops through the end of the season were up 7.1%

Brunswick Sets Aside $25 Million for Precor Settlement

Brunswick Corporation announced that its Life Fitness Division has been in negotiations regarding a potential settlement of a lawsuit with Precor. Although the parties have not reached a final settlement of the lawsuit, in light of developments in connec

Target Corp. Q1 EPS Flat on 7.6% Sales Gain

Target Corporation reported earnings per share for the first quarter ended May 3, 2003 were flat at 38 cents, compared the first quarter last year. First quarter net earnings increased 1.3% to $349 million, compared with $345 million in 2002. Total reve

Champs Sports Signs the Barber Brothers

Champs Sports has signed National Football League star players Tiki Barber of the New York Giants and Ronde Barber of the Tampa Bay Buccaneers as spokesmen for the Foot Locker division…

The Buckle Q1 Net Income Down 30.4% on Flat Comps

The Buckle, Inc. reported net income for the first quarter of fiscal 2003 was down 30.4% to $3.0 million, or $0.14 per share, compared with $4.3 million, or $0.20 per share for the first quarter of 2002. Net sales for the quarter increased 2.3% to $81.7

Mossimo Q1 Net Income Halved as Sales Increase 5.4%

Mossimo, Inc. reported first quarter 2003 revenue of $5.9 million compared to $5.6 million for the same period last year. The Company reported first quarter net earnings of $1.4 million compared to net earnings of $3.0 million for the same period last yea

Urban Outfitters Q1 Net Income Up 34% on 14% Sales Gain

Urban Outfitters, Inc. announced net income for the first quarter ended April 30, 2003 increased by 34% to $6.4 million or $0.32 per diluted share versus $4.8 million or $0.26 per diluted share for the comparable first quarter last year. Net sales for th

Head Q1 Sales Dip Leads to Widening Loss

Head N.V. announced net sales decreased 1.7% to $73.6 million. The net loss increased 177% to $9.9 million for the three months ended 31st March, 2003. Sales in the Winter Sports division jumped 38.0%, Racquet Sports sales fell 10.1%, Diving was down 11

VNU Promotes Tompkins to OR Sales Manager

Outdoor Retailer recently announced Andy Tompkins will step into the role of National Sales Manager for Outdoor Retailer and Fly-Fishing Retailer, while Kenji Haroutunian will move into the Senior Account Executive position for both shows effective May 15

Big Dog Q1 Loss Widens as Sales, Comps Slump

Big Dog Holdings, Inc. reported net sales for the quarter ended March 31, 2003 were $15.4 million as compared with $17.5 million in the first quarter 2002. Total retail store sales decreased 12% due to the closing of 9 stores. Comparable store sales decr

Federated Q1 EPS Down 44% on 4.7% Sales Decline

Federated reported sales for the first quarter of 2003 totaled $3.3 bn, a decrease of 4.7% from sales of $3.5 bn in the same period last year. On a same-store basis, Federated's year-to-date sales were down 5.0%. FD reported diluted earnings per sh

Just for Feet’s Gilburne Pleads Guilty in Fraud Case

The fed’s got the first of the Just for Feet gang on Monday, with former president Adam Gilburne pleading guilty to charges of that he and others devised a scheme to artificially inflate Just for Feet's financial condition. He could receive up to fi

True Temper Q1 Net Income Inches Up on Higher Sales

True Temper Sports, Inc. announced net sales for the first quarter increased 7.6% to $31.6 million from $29.4 million during the first quarter of 2002. Net income for the first quarter increased slightly to $2.6 million from $2.4 million in the first qua