SGB Executive

Cutter and Buck Fiscal Year Loss Widens as Sales Fall 18.2%

Cutter & Buck Inc. reported net sales for the fiscal fourth quarter ended April 30, 2003 fell 31.1% to $36.6 million versus $52.7 million in the year-ago period. The net loss for the quarter was flat at ($900,000) versus ($1.0 million)in Q4 2002. Net sa

O’Donnell to Head National Accounts for Wilson Golf

Dave O’Connell, formerly Territory Manager for Wilson Golf, has been promoted to the position of National Accounts Manager – Golf, Wilson Golf & Racquet Sports. O’Connell will be responsible for golf sales to national accounts, as well as golf course buy

Aussie Apparel Group to Acquire Bluetorch Trademarks

Aussie Apparel Group Ltd. has signed a letter-of-intent with Newport Beach, Ca based GBI to acquire the Bluetorch trademark and other intellectual property. Terms of the potential agreement were not disclosed.

Wal-Mart Wins Two Key Labor Cases in Texas

An administrative law judge with the National Labor Relations Board ruled in favor of Wal-Mart in two different cases last week related to election objections and unfair labor practice charges filed against the company by the United Food and Commercial Wo

Colegiate Pacific Issue Fiscal Year Guidance

Collegiate Pacific is forecasting fiscal 2003 EPS to be in the $0.28 to $0.30 range and expects revenues to grow at 20%-25% annually and EPS (based on the current 4.3m primary shares outstanding) to reach or exceed $.70 per share over the next three years

NBA and Reebok to Launch Apparel Business in Asia

The National Basketball Association and Reebok International Ltd have announced a pan-Asian partnership to develop and market NBA apparel and accessories. The first offering of the new apparel line hits selected stores in China and Hong Kong this week. T

Kellwood to Develop Women’s IZOD Swimwear

Kellwood Company is planning to develop an IZOD swimwear collection under a licensing agreement with Phillips-Van Heusen, according to Robert C. Skinner, Jr., corporate vice president of Kellwood…

Payless Warns of Heavy Inventories, Higher Markdowns

Payless ShoeSource has said that disappointing sales trends seen in May have persisted into June. The unseasonably cold weather in many parts of the country has depressed consumer demand for sandals. Payless intends to defend its market share and clear s

Scott Carey Named VP Footwear Sales for Fila US

It was announced this morning that Scott Carey, the Nike veteran and former VP of Sales at Brooks Sports, will take the position to head up footwear sales for the Fila US division of the new Sports Brands International. He will report to new SBI Americas

Fitness Walking Top Activity In SGMA Sports Participation Study

America's seniors are participating in a wide variety of sports and athletic activities. According to SGMA International's recent analysis of the Superstudy® of Sports Participation, low-impact fitness activities and casual outdoor recre

Sun Ice Latest to Go Private Again

Sun Ice and the Purchaser, a holding company wholly-owned by Sun Ice CEO Sylvia Rempel, jointly announced that they have entered into a definitive agreement whereby the Purchaser will acquire all of the issued and outstanding common shares of the company

Unifi to Pay Dupont $16 Million in Alliance Dispute

Unifi, Inc. has announced that an Arbitration Panel has awarded damages to DuPont, inclusive of interest, in the amount of approximately $16 million related to the two companies' manufacturing alliance for the production of partially oriented polyest

Cherokee to Get 15% of All Mossimo/Target Royalties

The L.A. Superior Court on Tuesday reaffirmed the validity of the original finder's agreement between Cherokee Inc. and Mossimo Inc., further ordering that Cherokee is entitled to receive from MOSS 15% of all licensing revenues received by Mossimo fr

Cutter and Buck Sees Resolution of SEC Investigation

Cutter & Buck Inc. announced Tuesday that, based on communications with the staff of the Securities and Exchange Commission, it expects to reach an agreement which would resolve the Commission's previously announced investigation of the Company…

Cutter and Buck Adds VP to Head Order Fulfillment Group

Cutter & Buck Inc. announced the appointment of Bill Swint as Vice President and Manager of the Order Fulfillment Group. Swint was recently a consultant and project manager for Columbia Sportswear, Inc. in Portland, Oregon and Cambrai, France…