SGB Executive

The Finish Line, Inc. reported that net sales for the first quarter ended May 31, 2003 increased 22% to $207.8 million compared to $170.6 million reported for the same period last year. Comparable store net sales increased 14% for Q1 on top of a 3% incre

The Top-Flite Golf Company and affiliated companies have reached an agreement for the sale of substantially all the company's golf-related assets to Callaway Golf Company. The proposed sale is pursuant to section 363 of Chapter 11 of the U.S. Bankru

Tommy Hilfiger Licensing, Inc. has announced an extension for the United States through March 2007 of its footwear licensing agreement with The Stride Rite Corporation. Stride Rite and Tommy Hilfiger have created a comprehensive footwear program that incl

The Stride Rite Corporation reported net sales for the second quarter of fiscal 2003 were $154.3 million, a 1% decrease from the $156.5 million in the comparable period of fiscal 2002. Net income for the quarter totaled $11.2 million, 3% lower than the $

Easton Sports, Inc. CEO Tony Palma was named as one of the finalists for Ernst & Young’s Entrepreneur Of The Year® Award. The most prestigious honor in its class, the award is given annually to a leader of a public or private company who has displayed exc

X0 Athletic Company has picked up The Winning Edge Sales Group as its national sales agency repping its line of Men's protective products featuring, ProCup and ProSupportive Garments…

Torpedo Sports USA, Inc. recorded a net loss of $(1,102,894) for the nine months ended April 30, 2003, or $(0.11) per share, versus net income of $539,411, or $0.48 per share, for the same period in 2002. Sales for the nine-month period fell 26%…

The SEC has declared Gart's registration statement effective on June 25, 2003 relating to the issuance of shares of its common stock in connection with the proposed merger of equals with The Sports Authority. The two companies will each hold shareho

The buy-out saga at Elder-Beerman Stores continues to get more interesting after it was revealed last week that the CEO and CFO of the company were identified as the “Exclusive Bidders” in the acquisition talks reported by EBSC on May 16. Elder-Beerman s

Augusta Sportswear Inc. is in the process of adding 30,000 square feet to its existing facility in Grovetown, GA. The expansion enables the company to add a new conveyor system that is expected to expedite order fulfillment and shipment.

Aussie Apparel Group Ltd. is further expanding its stable of action sports brands, announcing last week that it has signed a letter-of-intent with GBI to acquire the Bluetorch trademark and other intellectual property. Terms of the deal were not disclose

The issues that are plaguing VF Corporation appear to be a non-issue for The North Face, the conglomerate’s hot hand in it’s “Outdoor Coalition”. Last week, we reported that VFC was forced to revise its Q2 guidance downward on inventory hangovers…

In other news last week, Cutter & Buck said they will pay as much as $7 million to settle two shareholder lawsuits that were triggered by the restatement of its financial results. The suits were filed last year after new CEO Fran Conley reported that for

Cutter & Buck had a fairly active week last week, first announcing the settlement of its shareholder lawsuits, followed by a report that the company had reached an agreement with the SEC that would resolve its investigation, and finally ending with the re

Shares for the new Kmart Holding Corp. jumped 36.2% for the week to close at $25.20 on Friday after the reporting early in the week that the discounter had narrowed its Q1 losses amid lower comparable stores sales for the quarter…