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Costco June Same-Store Sales Up 7.0%

July 1, 2003 SGB Update
<p>Costco Wholesale Corporation reported net sales of $4.28 billion for the five weeks ended July 6, 2003, an increase of 11% from $3.85 bn in the same five-week period of the prior fiscal year. Comparable store sales rose 7.0% helped by a 12% international</p>

Stride Rite Down on Weak Canvas Biz&#8230;

June 30, 2003 SGB Update
<p>The weather-inflicted declines in sandals appear to have hit another key category this spring – canvas. Stride Rite reported fiscal second quarter numbers for its canvas product impacted the sales and profits for the company across all brands, nearly era</p>

adidas Makes Moves in Europe…

June 30, 2003 SGB Update
<p>adidas-Salomon has signed a far-reaching partnership deal with sporting goods retailing powerhouse Intersport. The specific terms of the four-year agreement with the operator of over 4,500 retail doors were not revealed. Intersport reportedly produced €</p>

&#8230;and China&#8230;

June 30, 2003 SGB Update
<p>Since 1979 adidas has been the main sponsor of the Chinese World Cup Football development program, and on June 26th they signed a deal that continued this support until 2010.<br /> While adidas did not release any financial information, they did state that thi</p>

Brunswick Corp. Broadens Base…

June 30, 2003 SGB Update
<p>The folks at Brunswick Corp. have been busy buying up technology and distribution avenues with the $33 million purchase of a majority stake in New Zealand GPS manufacturer Navman, and the $52 million purchase of Pompano FL based Land ‘n Sea Corp&#8230;</p>

REI Move Pulls Web Buyers Into Store…

June 30, 2003 SGB Update
<p>REI launched its in-store pick-up program last week, enabling customers that order items via the REI Internet properties to pick them up at their local REI store to avoid shipping costs&#8230;</p>

Nike Wins the Summer Hoops Trifecta&#8230;

June 30, 2003 SGB Update
<p>Nike Inc. won the trifecta this week, with the addition of Kobe Bryant to its player roster. Nike declined to disclose terms of the deal, but estimates put it at roughly $45 million&#8230;</p>

Fila’s Peveto Hits the Ground Running&#8230;

June 30, 2003 SGB Update
<p>In an exclusive interview with SPORTS EXECUTIVE WEEKLY, Fila’s newly appointed SVP of Global Footwear, Mikal Peveto laid out his vision and objectives for the latest incarnation of the brand&#8230;</p>

The &#8220;Bible of Baseball&#8221; Falls Hard…

June 30, 2003 SGB Update
<p>The 117 year-old weekly sports magazine, The Sporting News, is being forced into a budget crunch. Nearly 20% of their editorial staff has been laid off and sources say the personnel situation was already tight. The move is part of an effort to cut back </p>

Consumer Confidence Holding Steady…

June 30, 2003 SGB Update
<p>In spite of market predictions to the contrary, consumer confidence held its ground for the month of June. The confidence index, which is based on both present and future sentiment, sent mixed signals to investors with a rise in future expectations and a </p>

Don’t You Just Love Summer Weddings…

June 30, 2003 SGB Update
<p>Looks like The Sports Authority and Gart Sports will tie the knot shortly after the preacher asks the shareholder congregation of both companies if anyone knows of any reason why the two may not wed. Barring a last minute run up the aisle by a jilted sui</p>

Dick&#8217;s Hints at Southern Strategy…

June 30, 2003 SGB Update
<p>Dick&#039;s Sporting Goods wants to be primarily focused on the “core athlete” and “outdoor enthusiast”, and by the looks of the trend line for the stock the last few weeks, the latter seems appropriate as their chart begins to look more like the north fa</p>
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