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Ashworth and Callaway Profit from Apparel Deal

March 31, 2003 SGB Update

Ashworth Inc. and Callaway Golf Co. top players in the beleaguered golfing industry, where significant growth has been hard to come by. So, searching for sales in a shrinking market, two years ago they joined forces, inking a licensing agreement that a

It’s the Product, Stupid…

March 31, 2003 SGB Update

With Finish Line CEO Alan Cohen declaring that, “It’s all about the product”, the athletic specialty retailer seemed to put a positioning stake in the ground to “focus on superior product selection and presentation, instead of price”. FINL clearly expect

Reebok Sees Earnings, Profits Rise, But CEO Gets No Raise

March 25, 2003 SGB Update

Although Reebok International Ltd. saw its profits rise smartly in 2002, the salary and bonus of chairman and chief executive Paul Fireman remained roughly the same at about $3.08 million, according to a proxy filed Monday to the Securities and Exchang

Yue Yuen Sees European Shift As Well…

March 24, 2003 SGB Update

Yue Yuen Industrial Ltd., a subsidiary of manufacturing powerhouse Pou Chen Corp., saw its revenues rise 31% to $611.5 million in its fiscal first quarter, pointing to acquisitions as a driver of revenue growth…

As Sales Slip in U.S., Foot Locker Looks to Europe…

March 17, 2003 SGB Executive

With Foot Locker CEO Matt Serra stating that “BOGO’s are getting tired” and “we're missing some product there” when talking about the loss of Nike allocations and reduced orders, the company was left focusing on a building on Europe and re-building U

Columbia Builds on Top of Pyramid…

March 17, 2003 SGB Executive

Columbia Sportswear is taking steps to ensure future growth at the top end of the brand pyramid as it sees increasing competition from its own retail partners and their growing concentration on private label…

Hibbett Beats the Street in Q4…

March 17, 2003 SGB Update

Hibbett Sporting Goods shares were up 6% for the week to close at $24.40 on Friday as the small-market sporting goods operator beat both the Thomson First Call consensus estimate of 40 cents a share and HIBB's prior guidance of 39 cents to 41 cents a

Perry Ellis Appoints Michael Nicklas as Swimwear EVP

March 15, 2003 SGB Update

Perry Ellis International, Inc. announced the appointment of Michael Nicklas as Executive Vice President of Sales for Jantzen, Inc., a wholly owned subsidiary of Perry Ellis, effective immediately, and will be responsible for all swimwear related apparel

Genesco Loses Out on Athletic Opp…

March 10, 2003 SGB Executive

An over-reliance on softening some casual brands and the lack of a key athletic footwear component conspired to rob Genesco of the growth opportunity other retailers are experiencing in the mall. With athletic footwear now representing 28% of the Journey

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