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NSGA Reports Sneakers Sales Off 4% in H1 2002

January 17, 2003 SGB Update
<p>NSGA is reporting that retail sales of sport footwear fell 4% for the six-month period, October 2001 through March 2002, according to data released by the National Sporting Goods Association (NSGA). Sales for the six-month reporting period were $6.49 bill</p>

NSGA Hosts Updated Footwear Panel at Conference

January 17, 2003 SGB Update
<p>The NSGA management conference will host a panel discuission that includes leading retailers of athletic footwear from various channels to share their views on what retailers need to do in order to remain profitable&#8230;</p>

adidas Appoints Wulff Sports Marketing Director

January 17, 2003 SGB Update
<p>adidas America announced the appointment of Kevin Wulff to the position of Director of Sports Marketing. Wulff brings with him over 26 years of experience in the Sports Industry. He most recently served as the CEO of the Women&#039;s Tennis Association&#8230;</p>

ShopKo Appoints New Chief Merchant; Three SVP&#8217;s Leave

January 17, 2003 SGB Update
<p>ShopKo Stores, Inc. announced the reorganization of its ShopKo division&#039;s merchandising, marketing and replenishment areas. Kevin Easton has been promoted to corporate Executive Vice President and ShopKo division Chief Merchandising Officer&#8230;</p>

Kmart Axes Execs That Received Retention Loans

January 17, 2003 SGB Update
<p>Kmart Corporation announced that the Company has severed employment relationships with all remaining executives who received special retention loans in 2001 under former Chairman and Chief Executive Officer Charles Conaway&#039;s tenure&#8230;</p>

Footstar Continues Surge on Kmart News, Upbeat Reports

January 16, 2003 SGB Update
<p>Footstar, Inc. is suddenly the darling in a down market. As both the Dow and the S&#038;P 500 dipped over 1% on Wednesday, Footstar jumped another 32.34% to close at $9.78. The rise was on top of the almost 22% surge in share price experienced Tuesday. Shar</p>

Luxottica Group Signs License for Versace Brands

January 16, 2003 SGB Update
<p>Luxottica Group S.p.A. and Versace Group jointly announced the signing of a worldwide license agreement for the design, production and distribution of Versace, Versus and Versace Sport sunglasses and prescription frames&#8230;</p>

Analysts Take Big 5 Down on Negative News

January 16, 2003 SGB Update
<p>Shares of Big 5 Sporting Goods Corp. were down 5.6% Wednesday on news released a day earlier (<a href="/news/article.asp?section=9&#038;id=3837">Story</a>) that the-largest-sporting-goods-retailer-on-the-west-coast cut its profit outlook for its fourth quarter</p>

Royal Precision Cuts Second Quarter Losses

January 16, 2003 SGB Update
<p>Royal Precision Inc. continues losing money, but the maker of golf club shafts and grips managed to cut its losses in the quarter ending Nov. 30 by almost two-thirds thanks to a 23% jump in sales&#8230;</p>

Frisby Files For Bankruptcy Protection

January 16, 2003 SGB Update
<p>Frisby Technologies, Inc. announced that it has filed a voluntary petition for Chapter 11 reorganization with the U.S. Bankruptcy Court for the Middle District of North Carolina&#8230;</p>

Smith and Wesson Signs Japan Apparel License Deal

January 16, 2003 SGB Update
<p>Smith &#038; Wesson Holding Corporation announced its newest licensing agreement with Nissho Iwai General Merchandise Corporation of Japan for the design, manufacture and distribution of men&#039;s and women&#039;s apparel that will bear the Smith &#038; Wesson nam</p>
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