SGB Executive

Special Charges Kill Unifi’s Q2 Earnings; Sales Down 20%

Unifi, Inc. announced a net loss of $30.5 million, or 57 cents per share, for the quarter ending June 29, 2003, which includes $16.9 million in severance costs and $13.9 million in costs associated with the previously reported DuPont arbitration award. U

Buck Knives Postpones Idaho Move

After careful deliberation, Buck Knives announced the decision to move its intended relocation (first quarter 2004) to Post Falls, Idaho, back to the first quarter of 2005. The revised timeline for moving its operations was to accommodate the complexitie

American Skiing Appoints Carey Sales and Marketing SVP

American Skiing Company has named Chip Carey, a 31-year-veteran of the skiing and hospitality industries, to the position of senior vice president of sales and marketing. Carey will assume all sales and marketing responsibilities for the Company's se

Boats Drive Brunswick’s Q2 Gains in Net Income, Sales

Brunswick Corporation saw a 16% increase in net earnings and a 12% increase in operating earnings in the second quarter of 2003. Diluted earnings per share rose to $0.59 compared with $0.51 per diluted share for the second quarter of 2002. Net sales wer

Fleet Feet Names 2003 Award Winners

Fleet Feet, Inc. presented a number of awards at their annual National Franchise Conference in Boston July 13-16. The Brand Builder award went to Fleet Feet Syracuse and Fleet Feet Cincinnati was named Rookie of the Year. Brooks was again named the reta

Kohl’s Snags CFO From Abercrombie and Fitch

Kohl's Department Stores announced that Wesley McDonald is joining the company as executive vice president and chief financial officer. McDonald comes to Kohl's from Abercrombie and Fitch, where he has served as chief financial officer since 20

Nordica Rep to Head Product Development

Nordica USA has named one of its current sales reps to head up the ski product development for the USA. In his new role as Ski Product Manager, Jon Rucker will be responsible for working with Nordica Spa and the dealers in the USA to dramatically grow the

Who Wants to Be a Billionaire…

Callaway’s proposed acquisition of Top-Flite, once completed, would see Oaktree Capital Management entirely divested of the former Spalding Sports business it took control of in April 2002. Earlier this year, Oaktree sold the company’s Etonic golf shoe d

VF Corp. Saves a Sinking Nautica….

VF Corp. chairman & CEO Mackey J. McDonald breathed a sigh of relief as the agreement to purchase Nautica was finalized on July 7th…

Oakley Q2 Earnings Fall 18% As U.S. Business Continues Slide

Oakley, Inc. reported second quarter net sales slipped 0.9% to $143.8 million compared with $145.1 million in the prior year period. Net income for the second quarter totaled $18.2 million, or $0.27 per diluted share, compared with net income of $22.3 mi

Nike Signs Taylor and Purcell to Lifetime Deals…

The company may have solidified their future in performance basketball with the signings last month of Kobe Bryant, LeBron James and Carmelo Anthony, but the addition of the key retro icons strengthens Nike’s foothold in the fashion end of the footwear ca

Nautica Sees Fiscal Q1 Profit on 10.6% Sales Increase

Nautica reported net sales for the first quarter ended May 31, 2003 increased 10.6% to $139.2 million compared with $125.9 million in the first quarter last year. Sales in the wholesale segment grew 12.4% to $107.1 million compared with $95.3 million in t

Payless Announces $200 Million Note Offering

Payless ShoeSource is proposing to offer $200 million of senior subordinated notes due 2013. Payless intends to use the proceeds of the offering, net of all fees and expenses, together with available cash, to repay all its existing indebtedness under the