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Payless Fiscal 2002 Earnings Double on Comp Store Decline

February 28, 2003 SGB Update

Payless ShoeSource, Inc. reported company sales for the fiscal year 2002 totaled $2.88 billion, a 1.2% decrease from $2.91 billion in the fiscal year 2001. During the fiscal year 2002, same-store sales decreased 3.2%. In the fiscal year 2002, net earnin

Former Kmart Executives Indicted for Fraud

February 27, 2003 SGB Update

Two former Kmart vice presidents indicted Wednesday for their part in Kmart's financial downfall could be just the first of a wave of executives to face criminal charges for pushing the century-old retailer into bankruptcy, experts predicted…

Head NV Posts Loss for 2002 as Sales Dip 1.0%

February 25, 2003 SGB Update

Head N.V. announced net sales for the three months ended December 31, 2002 increased 6% to $ 135.8 million. Net income was 15% lower at $8.4 million. Net income, prior to tax and excluding foreign exchange gains and losses increased by 32% to $13.5 mill

adidas Kicks Off National Branding Campaign

February 25, 2003 SGB Update

adidas embarks on a new national branding campaign beginning this month. The campaign uses color to capture the raw emotions of sport and layers it with the 3-stripes, the authentic symbol of sport…

Textile Imports from China Double in 2002

February 24, 2003 SGB Update

Imports of Chinese-made textile products more than doubled in the United States in 2002, surpassing Mexican textile imports for the first time in eight years, according to trade figures released last Thursday…

IT’S DONE. Gart and TSA Merge…

February 20, 2003 SGB Update

Gart Sports Company and The Sports Authority, Inc. announced that their boards of directors have unanimously approved a definitive agreement providing for a merger of equals to create the nation's preeminent sporting goods retailer. The combined comp

NSSRA Names Top Suppliers

February 20, 2003 SGB Update

Honoring vendors whom its membership feels have best
serviced ski and snowboard shops, the National Ski & Snowboard Retailers Association (NSSRA) presented five industry suppliers with its “Supplier of the Year” awards during the recent SIA SnowSports Sho

Physical Education Gets A Boost From Congress

February 14, 2003 SGB Update

Physical education gets the nod on Capitol Hill! Congress has finalized a 20% increase in funding for the Physical Education for Progress (PEP) program. This funding, part of the omnibus spending act, was expected to be approved this week…

Coleman Licenses Name for Storage Products

February 13, 2003 SGB Update

O'Sullivan Industries Holdings, Inc. announced a strategic licensing agreement between O'Sullivan Furniture and The Coleman Company, Inc. that grants O'Sullivan a license to use the Coleman brand on a new line of storage products called Col

SIA: Hard Goods Sales Up 43.8% in Chain Stores

February 13, 2003 SGB Update

Chain store sales for snow sports equipment and apparel were up 2.2 percent for August through December compared to the same period of 2001. In dollars, that translates to $293.9 million in sales so far this year compared to
$287.6 million in 2001. The u

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