SGB Executive

True Temper Sold to Gilbert Equity Partners

Cornerstone Equity Investors has signed an agreement to sell its investment in True Temper Corporation to management, and Gilbert Global Equity Partners and related entities. The specific terms of the agreement were not disclosed; however, the deal is exp

Brown Show Reaffirms 2003 Estimates; Guides for ’04 and ’05

Brown Shoe Company, Inc. has reaffirmed that it remains comfortable with its previous guidance for Fiscal 2003 ended January 31, 2004 diluted earnings per share. BWS also estimates diluted earnings per share for Fiscal 2004 of $3.15, and first quarter 20

Simms and Hotwheels Team Up

Sims Snowboards announced a partnership with Mattel’s Hot Wheels™ brand. The partnership includes a limited edition adult snowboard and a complete line of children’s boards, all of which will be available in retail outlets this fall…

Golfworks Joins Fight Against Cancer

Golf’s largest family-owned component distributor, The Golfworks proudly announces that it has joined Lamkin Grip and Arnold Palmer in the fight against prostate cancer…

Wolverine Q4 Net Income Up 9.5% on 8.2% Sales Increase

Wolverine World Wide, Inc. reported record earnings for its fourth quarter and 2003 fiscal year, marking its third consecutive year of record results. The Company achieved record revenue totaling $888.9 million for its 2003
fiscal year ended on January 3

Martin Coles Resigns as President of Reebok Brand

Jay Margolis, president and COO of Reebok International Ltd., has assumed the daily responsibilities of leading the Reebok brand following the resignation of Martin Coles, presindent of the Reebok Brand, who cited personal reasons for his decision. As a r

Federated Makes Senior Management Changes

Federated Department Stores, Inc. announced that Ronald Klein, 55, will be returning to Macy's East as chairman/ceo division, effective February 15. The company also announced that Michael G. Krauter, 46, currently EVP/director of stores at Rich&#03

Brunswick Sees Q4 Net Income Jump 95% on 17% Sales Gain

Brunswick Corporation reported net earnings of $39.9 million, or 43 cents per diluted share, for Q4 2003, nearly double net earnings of $20.5 million, or 22 cents per diluted share, for the year-ago quarter. BC said the 95% increase in net earnings came

Reebok Q4 Net Income Jumps 63% on 11% Sales Gain

Reebok International Ltd. reported net income for the fourth quarter ended December 31, 2003 of $28 million, or $.44 per diluted share, an earnings per share increase of 63% when compared to net income of $16 million, or $.27 per diluted share in the four

Intrawest Chooses Burton

Intrawest Corporation has selected Burton Snowboards as the official supplier of snowboard rental equipment to its 10 mountain resorts, including North America's most popular mountain resort, Whistler Blackcomb, B.C., and Stratton Mountain, VT, the b

Nautilus Group 2003 Net Income Falls 65% on 15% Sales Decline

The Nautilus Group, Inc. reported that fourth quarter net sales dipped 1.7% to $152.8 million from to $155.5 million for the corresponding period last year. Net income during the period fell 59.1% to $9.4 million, or $0.28 per diluted share, compared to $

LaCrosse Footwear Elects Wally Smith to Board

LaCrosse Footwear, Inc. has elected of Charles W. (Wally) Smith to its Board of Directors. Smith, former CEO of Recreational Equipment, Inc., will begin serving on the seven-member Board of Directors effective immediately…

GNC Names Woodruff Salesman of the Year

Greg Norman Collection has named Bo Woodruff 2003 Salesman of the Year for the brnad. Woodruff, a 30 year veteran of the apparel industry, handles Arizona and Nevada for the company and has represented the Greg Norman Collection for the past seven years.