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New Era Names Chris Koch CEO, Augustine President

January 13, 2003 SGB Update
<p>New Era Cap Company announced today that it has made several appointments at the company’s executive level. <b>Christopher H. Koch</b>, who held the title of President, has been named CEO while CFO/COO <b>Pete Augustine</b> was promoted to President&#8230;</p>

Columbia Gets Canadian Duty Penalty Relief…

January 13, 2003 SGB Update
<p>Columbia and its Sorel unit have been paying additional duties up to 72% since September of last year. The levy was based on an initial Canadian Customs and Revenue Agency finding that nine Columbia footwear models and 37 Sorel footwear models imported f</p>

Vans May Not Meet Lender Covenants&#8230;

January 13, 2003 SGB Update
<p>Vans Inc., citing losses that it posted in the second quarter, said it might be failing to comply with one or both of its covenants regarding EBITDA under a credit line for its third quarter ending March 1. The company said its lenders have consented to</p>

Four Great Companies to Work For…

January 13, 2003 SGB Update
<p>REI, WL Gore, Timberland and Nordstrom were once again named to Fortune magazine’s &#8220;100 Best Companies to Work For&#8221; list. Gore topped the list for the sports-related companies, checking in at #27, seven slots higher than last year’s #34 ranking. Gore, w</p>

Wells Fargo Helps Re-Cap Copeland’s…

January 13, 2003 SGB Update
<p>Wells Fargo Retail Finance, LLC announced that it has provided a $35 million credit facility for Copeland Enterprises, Inc., operators of Copeland&#039;s Sports. The credit facility contributed to the recapitilization of the Company by Bruckmann, Rosser,</p>

Phoenix Takes a Run at Antigua…

January 13, 2003 SGB Update
<p>Phoenix Footwear Group, Inc., formerly known as Daniel Green Company, has made an offer to purchase Antigua Enterprises, Inc. through a tax-free merger. The deal would see Phoenix acquiring all of Antigua&#039;s approximately 15,030,214 shares of outstan</p>

Oakley Sees 2003 Earnings Below Street View…

January 13, 2003 SGB Update
<p>Oakley shares were off 4.2% for the week after the company reaffirmed its guidance for fourth quarter and issued its initial expectations for 2003. The company sees Q4 earnings per diluted share of approximately $0.03 before a previously announced Europ</p>

Finish Line Q3 Net Loss Widens as Comps Decrease

January 10, 2003 SGB Update
<p>The Finish Line, Inc. announced net sales increased 4% to $147.9 million for the thirteen weeks ended November 30, 2002 compared to $142.3 million reported for the thirteen weeks last year ended December 1, 2001. Comparable store net sales decreased 1% fo</p>

Rawlings Fiscal Q1 Sales Decline 10%; Reports Loss

January 10, 2003 SGB Update
<p>Rawlings&#039; first quarter fiscal year 2003 sales were $30.0 million, down 10.3% from first quarter fiscal year 2002 sales of $33.4 million. Net loss for first quarter fiscal year 2003 was $0.7 million compared to a loss in first quarter fiscal year 20</p>

Forzani Group Appoints New CEO and President/COO

January 10, 2003 SGB Update
<p>The Forzani Group Ltd. has announced the appointment of Robert Sartor to the position of Chief Executive Officer of The Forzani Group Ltd. and Bill Gregson to the position of President and Chief Operating Officer, each such appointment effective February </p>

Vans Expects Arbitration Ruling Soon

January 10, 2003 SGB Executive
<p>Vans had filed a lawsuit against a former officer and consultant and their affiliates in March 2002. The suit alleges that the defendants engaged in a conspiracy to get unauthorized payments or commissions from some of Vans&#039; factories in China&#8230; </p>
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