SGB Executive

Flat demand for tennis, golf and team sports equipment, fierce competition in golf equipment and weakening demand for winter sports equipment due to poor early season snow conditions in many key markets leaves the prospects for 2003 clouded in uncertainty

Brown Shoe raised its Fiscal 2002 guidance to $2.48 to $2.50 EPS, up from its previous estimates of $2.35 to $2.40 EPS. The increased guidance is a result of better-than-anticipated January margins, higher wholesale shipments, and the completion of sever

Merrell is now Wolverine’s leading profit-producing brand, growing over sevenfold since WWW acquired the brand five years ago…

The Hockey Company reported late Friday that the company has terminated discussions with Benetton Group SpA regarding THC’s acquisition of Rollerblade…

Timberland reported 2002 year-end and Q4 sales and earnings last week, handily beating analyst’s estimates and sending TBL shares up 11.8% for the week to close at $34.59 on Friday…

Foot Locker announced that Rick Mina has been promoted to a newly created position of President and CEO of Foot Locker, Inc., U.S.A. He will report to Matt Serra, Foot Locker, Inc.'s President and CEO. Mina will be responsible for the company'

adidas-Salomon AG reported that sales for 2002 grew 11% on a currency-neutral basis exceeding $7.04 billion (€ 6.5 billion) for the year. Net income rose 10% to $248 million (€ 229 million), or $5.46 per share, up from $4.98 per share in 2001. Currency

California-based Mr. Rags Acquisition Inc. has filed for Chapter 11 bankruptcy protection. A private investment firm bought the 114 store teen retailer last spring from Claire’s Stores…

Well, the time for chasing rumors is now through, and the landscape for the Sporting Goods Industry in the U.S. will be changed forever. After many years of attempting to establish itself as a national entity, The Sports Authority will finally achieve th

Preliminary reports for Puma AG indicate that the company saw consolidated sales jump 52.1% on a currency-neutral basis to $983.9 million (€909.8 million) from $646.8 million (€598.1 million) last year. Currency-adjusted sales increased by a healthy 54.8

Cannondale filed for Chapter 11 bankruptcy protection in U.S. Court last week, pointing to losses in its motor- sports division that inhibited the company's ability to make future investments…

The venerable Dallas International Apparel Mart, the 40-year old national institution that once bustled with energy and acted as a driver for many apparel businesses, is set to close next year…

Malden Mills struck a preliminary deal with its major creditors that will allow it to emerge from bankruptcy protection this spring. The plan of reorganization will include an exclusive option in favor of president & CEO Aaron Feuerstein to purchase the

Frisby Technologies announced the “termination” of company president & COO Duncan Russell…

Columbia Sportswear saw its share price drop 16.4% for the week even as the company outpaced both earning and sales estimates for the fourth quarter. However, analysts were disappointed with company estimates for full year 2003…