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Icon Prevails in Nautilus Suit Over Crossbow

The United States District Court for the Western District of Washington sided with ICON on Wednesday in all matters before it, denying Nautilus' request for an injunction against ICON in continuing to sell the CROSSBOW and further ruling the CROSSBOW

ShopKo Sees Q1 Loss as Sales Dip 2.9%

ShopKo Stores, Inc. announced sales and earnings for the first quarter ended May 3, 2003. Consolidated sales were $707.9 million compared with $728.8 million for the same period last year. Comps decreased 2.7%. Net loss for the quarter was $1.1 million

O’Neill Hits the Surfer Girl Wave

O'Neill Clothing President Kelly Gibson announced that the brand will add swimwear and girls 7-14 categories to their juniors line as it continues an explosive pattern of growth.
The company reported that junior sales were up 44% in the first quarter

And Hogan’s a Hero for Sport-Haley…

Sport-Haley, Inc. rode the success of its Ben Hogan apparel brand to a 26% increase in sales for the fiscal third quarter ended March 31, 2003, while narrowing its quarterly loss by 75% in the process…

Kellwood Gets the Urban Bug…

Kellwood Company will be developing an urban athletic line of apparel for Run Athletics, LLC, a brand created and owned by Reverend Run, founder of Run DMC, and his brother, entrepreneur Russell Simmons…

Fila Goes Deep with Bonds Deal…

Fila has extended its endorsement agreement with baseball star Barry Bonds through 2006. The deal extends the company’s relationship with the future Hall of Famer through 2006 and supports it continued commitment to the cross training category…

Skechers, Spears Settle Disputes…

Pop diva Britney Spears and Skechers USA have settled their respective actions against each other in a deal approved last week by a federal judge in Los Angeles.
The terms of the settlement deal were not revealed…

Escalade Keeps the Deal Flow Going…

As K2 and Russell push back from the table to digest their recent acquisitions, the consolidation wave in sporting goods continues unabated as Escalade Sports moved last week to acquire the assets of North American Archery Group LLC out of bankruptcy cour

Finish Line (Q1 Report Week 0313)

  • Stores average 5951 square feet. Stores opened during 2003 averaged 4800 square feet.
  • Now plans to open 50 doors in 2004. This will result in an increase in square footage of 7% – 8%.
  • Typical store carries 600-700 styles and 10,000+ pai

Skechers (Q1 Report Week 0317)

  • Domestic (wholesale) sales were $147 mm vs. $185 mm in Q1 2002, declining to 71% of total sales from 76% in the year-ago quarter.
  • Expect to open 25-30 new doors in 2003, six of which have been opened to date.
  • Expect Q2 sales to be $200 mm

K-Swiss (Q1 Report Week 0317)

  • Sold 4.5 mm pairs in the quarter.
  • Average selling price decreased to $24.71 from $25.20 in Q1 2002.
  • Classics business increased 58%.
  • Margins decreased to 43.5% from 44.7 % due to “recognition of guaranteed royalty payments to National

Shoe Carnival

  • Average store is 11,600 sf, with $2.7 mm annual sales and has 30,000 pairs of shoes in inventory.
  • Plans to open 40 doors in 2003 and expand at 20% per year thereafter. All stores are leased.
  • Focused on growing Women’s non-athletic.

Genesco

  • Journey’s is 53% of total net sales and 64% of profits. Operating margins at Journey’s is 12.2%, down from 13.6% in Q1 LY. 2003 comps were flat.
  • Journey’s operates 579 stores, averaging 1600 square feet.
  • Average selling price decli

Nautilus Group Appeals Ruling in ICON Action

The Nautilus Group, Inc. announced that it has appealed a ruling by a U.S. District Court in which the Court denied the company's motion for a preliminary injunction and granted partial summary judgment to ICON Health and Fitness, Inc., on the issue