<p>The acquisition of Royal Elastics and the launch of the National Geographic footwear line were disappointments in 2002, but K-Swiss expects moves made with both brands to bear fruit in the coming year. The K-Swiss Classics business will continue to fuel </p>
<p>The Finish Line Inc. has decided to stay in Indianapolis and begin a $20 million expansion at its corporate headquarters — a project that will more than double its square footage and add 90 new jobs…</p>
<p>Call it class warfare, but the questions swirling around Kobe Bryant’s search for a new sponsorship deal may well be answered in the court of public opinion in a place where he didn’t grow up – the urban inner city…</p>
<p>We made a tongue-in-cheek projection in last week’s SEW that — due to the proliferation of minor press releases put out by the company the previous week – Oakley, Inc. was going to have one doozey of an earnings report for Q4 and full-year 2002…</p>
<p>The Securities and Exchange Commission had suggested that the former The North Face CFO, Christopher Crawford, former Sales VP Todd Katz and former regional sales manager Richard Tyrer overstated revenue and gross margins by falsely recognizing revenue on</p>
<p>Vail Resorts, Inc. revealed that the SEC has issued a formal order of investigation with regard to how the resort tallies initiation fees for its private clubs…</p>
<p>VF Corporation reported sales in the company's Outdoor businesses rose 17% in the fourth quarter and 3% in 2002. An increase of 22% in first quality sales of The North Face brand and an 11% increase in international Outdoor sales were partially off</p>
<p>SIA reported that chain store sales for snow sports equipment and apparel were up 2.2% to $293.9 million for the 2002 season through December, when compared to the same period of 2001. Unit sales were behind last year, tracking down 9.3%… </p>
<p>After 59 years of making headwear, San Antonio-based Texace, now a golf hat manufacturing firm, has stopped production, leaving about 150 employees without a job…</p>
<p>Saucony, Inc. announced net sales for 2002 increased 1% to $133.2 million, compared to $132.3 million in the comparable period of 2001. Net income increased to $5.2 million, or $0.85 per share on a diluted basis, compared to a loss of $940,000, or $0.15 </p>
<p>West Marine, Inc. reported net income for the year ended December 28, 2002 of $18.9 million, an increase of 35.9% compared to net income of $13.9 million in 2001. Earnings per share for 2002 were $0.97, compared to earnings per share of $0.77 for 2001. Ne</p>
<p>K-Swiss Inc. announced net earnings for the year ended December 31, 2002 increased 23.1% to $28.7 million, or $1.46 per diluted share, compared with $23.3 million, or $1.14 per diluted share, for 2001. Total worldwide revenues for 2002 were $290.4 millio</p>
<p>X-Sports, Inc., a golf bag and golf accessory distributor, announced it’s decision to enter into an agreement to acquire Amrex Sports, Inc., a California-based OEM and ODM company…</p>
<p>X-Sports, Inc. announced that Eric M. Goldenberg has been elected Chief Operating Officer of the Company, effective immediately. Goldenberg previously was Vice President of Sales. He continues to report directly to Xavier Anguiano,<br />
X-Sports’ President an</p>
<p>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…</p>
