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SIA Trade Show Commitee Aligns on Show Dates

May 9, 2003 SGB Executive

The SnowSports Industries America (SIA) Trade Show Committee met last week to review initial plans for the next SIA SnowSports Show that will take place January 26-29, 2004, at the Mandalay Bay Convention Center in Las Vegas. It will be preceded again nex

Global Brands Acquires Aris Brands

May 7, 2003 SGB Update

Aris Industries, Inc. announced Wednesday it has signed a definitive trademark purchase agreement with Global Brand Holdings, LLC (“Global”) providing for the sale of the XOXO, XOXO IN AMERICA AND ABROAD, FRAGILE and LOLA trademarks and related assets for

Retailers Welcome Debit Card Lawsuit Settlement

May 2, 2003 SGB Update

The National Retail Federation has welcomed the settlements reached with Visa and MasterCard this week in a federal antitrust lawsuit brought by U.S. merchants against the two companies regarding their debit card practices. The settlements came in a laws

Wilson Golf and Racquet Sports Names Management Team

May 1, 2003 SGB Update

Wilson Sporting Goods Co. has further restructured management at its newly formed Golf & Racquet Sports division. Wilson parent Amer Group announced changes earlier in the week that saw the Golf & Racquet Sports division emerge as a separate operating un

adidas Q1 Hit by Weak Dollar; U.S. Backlog Heading Lower

April 30, 2003 SGB Update

adidas-Salomon reported sales for the first quarter ending March 31, 2003 increased 2% to €1.67 bn ($1.8 bn). On a currency-neutral basis, sales grew 12%. The Group's net income increased 19% to €51 million ($55 million) in 2003. adidas revenues inc

Ross Stores to Move Headquarters to Pleasanton, CA

April 30, 2003 SGB Update

Less was not more in this case for Ross Stores Inc., the discount retail chain whose slogan is “Dress For Less.” Having outgrown its long-time home in Newark, CA, the discount retailer said Tuesday that it plans to move its corporate headquarters into a

Rawlings Acquires ABC Helmet Company

April 30, 2003 SGB Update

Rawlings Sporting Goods Company Inc. has signed a definitive agreement to acquire certain assets of the ABC Helmet Company. The cash transaction is expected to close in the third quarter and is intended to help build on Rawlings' strength as the num

Kmart Adds General Counsel

April 29, 2003 SGB Update

Kmart Corporation announced that Harold W. Lueken will join the Company as Senior Vice President and General Counsel, effective May 12, 2003. Reporting to President and CEO Julian C. Day, Lueken, 41, will be responsible for the Company's Legal and H

U.S. Signs Apparel Quota Agreement with Vietnam

April 28, 2003 SGB Executive

Retailers cheered and the textile sector groaned after the United States signed an apparel agreement with Vietnam giving a generous package of clothing quotas to the country that was the site of one of the U.S. military's most humiliating retreats

PUMA Q1 Net Income Doubles on 47% Sales Gain; Futures Up 50%

April 24, 2003 SGB Update

PUMA’s strong sales growth continued during the 2003 first quarter as consolidated sales increased by 47.4% from €232.8 million to €343.2 million ($370.7 million). On a currency-neutral basis, sales were up by 57.1%. Consolidated net income rose from €2

Luxottica Q1 Net Income Down 35% on 20% Sales Decline

April 24, 2003 SGB Update

Luxottica Group S.p.A. announced consolidated net sales for the first quarter of 2003 declined 20.0% to euro 704.5 million. Assuming constant exchange rates, consolidated net sales for the quarter would have declined by 6.6%. Wholesale sales declined 15

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