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CEO Gets Option to Buy Back Malden…

February 3, 2003 SGB Executive
<p>Malden Mills struck a preliminary deal with its major creditors that will allow it to emerge from bankruptcy protection this spring. The plan of reorganization will include an exclusive option in favor of president &#038; CEO Aaron Feuerstein to purchase the </p>

Dallas Apparel Mart is Closing…

February 3, 2003 SGB Executive
<p>The venerable Dallas International Apparel Mart, the 40-year old national institution that once bustled with energy and acted as a driver for many apparel businesses, is set to close next year&#8230;</p>

Cannondale Gets New Life – For Now…

February 3, 2003 SGB Executive
<p>Cannondale filed for Chapter 11 bankruptcy protection in U.S. Court last week, pointing to losses in its motor- sports division that inhibited the company&#039;s ability to make future investments&#8230;</p>

The Sports Authority Cuts Q4 Outlook on Reduced Comps

January 31, 2003 SGB Update
<p>The Sports Authority, Inc. announced that it expects fourth quarter earnings from normal operations of $0.46 to $0.49 per diluted share versus the Company&#039;s prior guidance of $0.50 to $0.53. The reduced view is expected to result in<br /> earnings per di</p>

JC Penney Appoints Krauter GMM Men&#8217;s and Kid&#8217;s

January 31, 2003 SGB Update
<p>J.C. Penney Corporation, Inc. announced the appointment of Lana Cain Krauter, 51, as Executive Vice President and General Merchandise Manager, Men&#039;s and Children&#039;s Division. She will report to Vanessa Castagna, JCP Chairman and Chief CEO of JCPe</p>

Columbia Reports 2002 Net Income Up 15.4%

January 31, 2003 SGB Update
<p>Columbia Sportswear Company announced net sales increased 1.4% to $217.3 million for the fourth quarter ended December 31, 2002. The company reported net sales increased 4.7% to $816.3 million for fiscal year 2002. Net income for Q4 was $29.1 million, a</p>

Luxottica Reports 2002 Net Income Increases 17.6%

January 31, 2003 SGB Update
<p>Luxottica Group S.p.A. announced consolidated net sales for the quarter ended December 31, 2002 declined 7.7% to 668.6 million euros. Net income for the quarter rose year-over-year by 22.3% to 74.4 million euros&#8230;</p>

Brunswick Sees Q4 Net Sales Rise 29%; Reports Profit

January 31, 2003 SGB Update
<p>Brunswick Corporation reported net earnings of $20.5 million for the fourth quarter of 2002, compared with a net loss of $2.6 million for the year-ago quarter. Sales increased 29% to $928.0 million. The company reported net sales rose 10% to $3.7 bn for</p>

SIA Appoints New Chairman, Board Members

January 31, 2003 SGB Update
<p>A new chairman and three directors were elected<br /> to the SnowSports Industries America board of directors this week at the association’s annual meeting in Las Vegas. The meeting was held in conjunction with the 2003<br /> SIA SnowSports Show&#8230;</p>

Malden Strikes Initial Deal on Chapter 11 Exit

January 30, 2003 SGB Update
<p>Malden Mills Industries, Inc. announced that the company, the agent for its senior lending group, and its unsecured creditors&#039; committee have agreed in principle to terms for a consensual plan of reorganization&#8230;</p>

West Marine January Comp Store Sales Dip 5.4%

January 30, 2003 SGB Update
<p>West Marine, Inc. reported that net sales for the four weeks ended January 25, 2003 increased 10.4% to $24.5 million. Comparable store net sales decreased 5.4% from the same period a year ago&#8230;</p>

Vans Extends Asia Licenses

January 30, 2003 SGB Update
<p>Vans, Inc. announced that it has reached agreements for five-year extensions of its license agreements with ABC-Mart Inc. The licenses cover Japan, South Korea, Hong Kong, and Taiwan&#8230;</p>

Sports Supply Group Narrows Q3 Loss; Sales Up 8.6%

January 30, 2003 SGB Update
<p>Sport Supply Group, Inc. announced revenues for the three months ended December 27, 2002 increased 8.6% to $18.5 million. Net loss for the quarter was ($2,358,809) as compared to ($3,695,055) for the comparative quarter last year&#8230;</p>
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