<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>
<p>Aldila Inc. reported net sales for 2002 were $37.5 million, compared to net sales of $39.6 million in 2001. The company reported a net loss of $2.8 million ($0.57 per share) in 2002. Excluding the consolidation charge and the adjustments related to taxes</p>
<p>Big 5 Sporting Goods reported net sales increased 7.2% to $667.5 million compared to $622.5 million for fiscal year 2001. Same store sales increased 4.0% over the prior fiscal year. Pro forma net income available to common stockholders for fiscal 2002 g</p>
<p>GSI Commerce, Inc. announced that it has entered into an agreement with Rockport Company, Inc. for GSI Commerce to operate the online retail store at rockport.com…</p>
<p>ASICS has announced that Trilogy Sales Group, Inc. will represent the ASICS Brand in the New York Metro territory. Trilogy, led by head rep Glenn Walls, is based in Exton, PA, and their sales territory will be Eastern PA, Long Island, New Jersey, New York</p>
