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Be One Lands in North America With Canadian Distributor

August 22, 2003 SGB Update

After recently changing the distribution strategy in Germany, Be One Bikes signs an agreement with Orange Sport Supply Inc. for the exclusive distribution of Be One Bikes in Canada…

Amer Group Gets Hurt by Weaker Golf Sales, Exchange Rates, and Asia Woes …

August 11, 2003 SGB Update

There are times when it just doesn’t pay to be a division of a corporation in another country, and that may just be the case this last quarter as the Amer Group PLC reported results that were negatively affected by the weaker dollar and a much stronger Eu

North America, Exchange Rates Hurt adidas-Salomon H1

August 6, 2003 SGB Update

adidas-Salomon reported that second quarter net sales grew 3.0% on a currency-neutral basis with a positive performance at all brands. However, reported Group sales actually decreased 8% from €1.5($1.7) billion in 2002 to €1.4 ($1.6) billion in 2003. Cur

Amer Group Q2 Profits Narrow on Slower Racquet and Golf Businesses

August 5, 2003 SGB Update

Amer Group is reporting that net sales for the second quarter of 2003 decreased 4.2% to €251.8 ($286.3) million compared to €262.8 ($241.7) million in the year-ago period. Sales of golf equipment in particular were slower than expected. Foreign exchange

Amer Group Sees 2003 Operating Profits Off 30-40%; Sales Flat

July 28, 2003 SGB Update

Amer Group has issued downward guidance for full year 2003, citing continuous weak demand for sports equipment in the USA. The company pointed out golf equipment sales that have been below expectations. Amer Group's net sales for 2003 as a whole are

American Skiing Appoints Carey Sales and Marketing SVP

July 23, 2003 SGB Executive

American Skiing Company has named Chip Carey, a 31-year-veteran of the skiing and hospitality industries, to the position of senior vice president of sales and marketing. Carey will assume all sales and marketing responsibilities for the Company's se

Amerex Promotes Alvarez-Mitchell to Vice President

July 17, 2003 SGB Update

Amerex Group, Inc. has announced that the current Director of Marketing and Creative Services, Monica Alvarez-Mitchell, has been promoted to vice president, overseeing design and implementation of the company's brands. Prior to joining Amerex, Ms. A

American Capital Supporting Fenway’s Riddell Acquisition

July 8, 2003 SGB Update

American Capital Strategies Ltd. announced that it has invested $23 million in Riddell Sports Group Inc. American Capital's investment takes the form of senior subordinated debt and equity and supports the acquisition of Riddell by Fenway Partners In

adidas-Salomon Sees Continued North America Weakness

June 30, 2003 SGB Update

At a round-table discussion with journalists at ispo in Munich, Herbert Hainer, adidas-Salomon CEO, re-confirmed full year projections of 5% currency-neutral sales growth, a gross margin of 42-43% and earnings growth of between 10 and 15%. However, curre

Miller to Exit COO Post at American Skiing Company

June 16, 2003 SGB Executive

American Skiing Company announced that Mark J. Miller would be leaving his position as Chief Operating Officer at the end of this month…

Amerex Taps Rubenstein Associates as PR Firm

May 14, 2003 SGB Update

Amerex Group, Inc. President & CEO Glenn S. Palmer has announced the hiring of Rubenstein Associates, Inc. as Amerex's public relations agency.

Escalade Buys North American Archery

May 12, 2003 SGB Executive

Escalade Sports will acquire substantially all the assets of North American Archery Group, a manufacturer of premium archery equipment. NAAG is currently under Chapter 11 bankruptcy protection and Escalade Sports has filed an asset purchase agreement wit

Amer Carves Up Wilson; Baugh to Leave

April 29, 2003 SGB Update

Amer Group will re-organize its Wilson’s businesses in the United States, discontinuing all central administration functions. As a result, Jim Baugh will leave his position as the President of Wilson Sporting Goods Co. and Steve Millea will takeover resp

Amer Sports Divisions See Double-Digit Q1 Sales Drop

April 29, 2003 SGB Update

Amer Group’s consolidated net sales for the first quarter 2003 were €283.9 million ($306.6 million) versus €289.4 million in Q1 2002. The Group’s operating profit was flat at €15.3 million ($16.5 million). Geographically, sales were similar to 2002 in E

American SG and Icon Fitness Nab ShopKo Vendor Awards

April 8, 2003 SGB Update

ShopKo Stores, Inc. announced thirty-four companies have been selected to receive ShopKo's 2003 Vendor of the Year awards. Two awards were presented in the sports-related area, with American Sporting Goods receiving the award for “Active Shoes” and