SGB Update Outdoor

Deckers Latest to See Consumer-Direct Opportunity…

July 28, 2003

Shares of the parent company to Teva, Simple and Ugg hit a new 52-week high on Thursday before settling down to close at $6.92 on Friday, up 2.5% for the week. The surge was in response to a pretty solid second quarter report that saw sales increase 8.8%

Galyan’s Fills Open COO Role…

July 28, 2003

The retailer that call itself the “Nordstrom of sporting goods” looked to Bloomingdales instead for a president & COO, a role left vacant since Joel Silverman’s departure in March of last year. Ed Holman was appointed to the post last week after resignin

Fotoball Suitor Makes Non-Cash Offer to Acuire Firm

July 28, 2003

Fotoball USA Inc. has received a non-cash offer from a third party for the acquisition of the outstanding shares of Fotoball common stock at a price in excess of their current market price…

Luxottica Q2 Retail Comp Stores Sales Off 3.7%

July 28, 2003

Luxottica Group saw consolidated net sales for the second quarter decline 19.6%, or down 5.2% currency neutral, to €707.0 ($804.0) million verus the year-ago quarter. Consolidated net income for the quarter was €67.7 ($76.99) million and consolidated net

Ross Ups Burlington Bid in Sale Process

July 28, 2003

Burlington Industries, Inc. announced that the purchase price in its July 25th acquisition agreement with W.L. Ross & Co. LLC had been increased from $608 million to $620.08 million, both subject to various adjustments. The increase resulted from the sale

Wolverine to Acquire Sebago; Forms Outdoor Group

July 25, 2003

Wolverine World Wide has entered into a letter of intent to acquire the business and select net operating assets of Sebago, Inc. for cash. Additional terms were not disclosed. Sebago will be part of a newly formed outdoor group that will include both Me

Golfsmith Acquires Don Sherwood Golf

July 25, 2003

As part of its national expansion plan, multi-channel retailer Golfsmith International Inc. has announced the acquisition of San Francisco-based Don Sherwood Golf and Tennis World. The terms of the transaction were not disclosed…

MLB Opens New Office in Tokyo…

July 24, 2003

In response to the ever-increasing popularity of Major League Baseball in Japan and throughout Asia, Major League Baseball International will open a regional office in Tokyo on Aug. 1. The Tokyo office will be the third regional office created to support

K2 Inc. Sees Q2 Net Income Up 52% on 27% Sales Increase

July 22, 2003

K2 Inc. reported that net sales for the second quarter ended June 30, 2003 increased 27.0% to $199.7 million from $157.2 million in the 2002 second quarter. Net income was $5.8 million and diluted EPS was $0.19, including $0.03 per share relating to a ga

SGMA: Sales of U.S. Recreational Products on Positive Pace

July 22, 2003

From archery to water skiing, the U.S. sports industry is nearly a $70 billion business. According to SGMA International's Recreation Market Report, manufacturers' sales of sporting goods equipment, sports apparel, athletic footwear, and

NRF: Back-to-School Spending to Top $14 Billion

July 22, 2003

Consumers are planning a trip back to the stores before sending their children back to school this year, according to the findings of a new National Retail Federation (NRF) survey. The NRF 2003 Back-to-School Consumer Intentions and Actions Survey

Here Comes That Upstream Inventory Effect…

July 21, 2003

We speculated just a few weeks ago (SEW 0325) about the effect the apparent climb in Q1 retail inventories would have on results for the vendors as we moved into the calendar second quarter. After reviewing the first of the vendor Q2 reports released this