SGB Outdoor

REI Opens Fifth L.A. Area Store

January 22, 2004 SGB Update

REI announced plans to open a store in November 2004 in Rancho Cucamonga, Calif., in the Victoria Gateway Center at the intersection of Foothill and Day Creek boulevards….

Unifi Reports $9.2 million Net Loss

January 21, 2004 SGB Update

Unifi released operating results for Q2 of fiscal year 2004. The Company reported a net loss of $9.2 million or 18 cents per share, which compares to a net loss of $2.2 million or 4 cents per share for the prior Q2. The Company also reported a net loss of

New Harris Poll Finds Internet Use is Changing

January 21, 2004 SGB Update

A new Harris Poll finds that the Internet continues to become more useful and more used. While the total
Internet population is rising more slowly than it was in the late 90s, the proportion of those with broadband is rising much faster (Harris Poll of Ja

MandA Group Sees Continued Industry Consolidation

January 21, 2004 SGB Update

Mergers and consolidations will continue to shrink the number of players in the $40 billion global sporting goods industry in 2004. That's the forecast of The Mercanti Group, a boutique investment banking firm that served as the advisor to K2, Inc. i

Nike to Replace adidas as U.S. Olympic Sponsor

January 21, 2004 SGB Update

Nike has signed as an official sponsor and licensee of the 2006 and 2008 U.S. Olympic and Paralympic Teams, as announced by the U.S. Olympic Committee. The partnership with Nike will officially begin in January 2005. For the first-time, U.S. Olympic and P

Skechers Licenses Name for Childrens Socks

January 20, 2004 SGB Update

SKECHERS announced that United Legwear, Co. has been named the licensee for SKECHERS Kids-branded socks in the United States and Canada. SKECHERS Kids' sock agreement follows on the heels of the Fall 2003 launch of SKECHERS children's apparel wi

K2 Completes Fotoball Stock Exchange

January 20, 2004 SGB Update

K2 Inc. announced that, pursuant to its previously announced offer to exchange each share of Fotoball USA, Inc. common stock for 0.2757 of a share of K2 common stock, K2 has accepted for exchange all shares of Fotoball USA common stock tendered as of the

Torpedo Sports Files Delayed 10-K and 10-Q

January 20, 2004 SGB Update

Torpedo Sports USA reported net sales of $6,075,549 and a net loss of $(3,458,072) for the year ended July 31, 2003 as compared to net sales of $8,209,400 and net income of $280,356 for the year ended July 31, 2002. For the first quarter ended October 31

Super Show 2004: Woulda, Coulda, Shoulda…

January 19, 2004 SGB Update

The weather in Orlando turned warmer just as the 19th annual gathering of the sporting goods industry known as The Super Show got under way. The move to Florida was expected to signal a new chapter in the saga of the now well-traveled show, but the event

Yue Yuen Looks Ahead to Apparel Opp…

January 19, 2004 SGB Update

Yue Yuen Industrial Holdings announced better than expected earnings and sales as net profit for the year ended September 30, 2003 jumped 34.8% to $308.2 million, up from $228.6 million last year and beating analysts’ expectations of $302.2 million…

K2 Pulls the Plug on Grand Junction

January 19, 2004 SGB Update

Atlas, Tubbs, and Little Bear snowshoes are moving their production to China. K2 Inc., which acquired the brands in October, made the decision to close a plant in Grand Junction, CO and shift production to its own 1.3 million sq. ft. facility in Guangzho

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