SGB Update Outdoor

Russell Acquires Bike Athletic Company

Russell Corporation announced that it had reached an agreement to acquire Bike Athletic Company for $16.25 million. It is anticipated that the U.S. Bankruptcy Court for the Eastern District of Tennessee will approve the agreement in the next few days…

St. Moritz Rounds Out Canada Rep Coverage

St. Moritz Watch Corporation (SMWC) announced that two new independent agencies have signed on to market their line of watches, stop watches and pedometers. The company appointed Alpine Exposure Inc. and Lightspeed Marketing Inc…

Reebok Triples Q4 Net Income; Full Year Up 23%

Reebok International Ltd. reported net income for the fourth quarter ended December 31, 2002 increased 200% to $16 million compared to net income of $5.1 million in the fourth quarter of 2001. Net Income for the year jumped 23%.
Net sales for the 2002 fo

Sport Chalet Fiscal Q3 Net Income Jumps 18.2%

Sport Chalet, Inc. announced sales for the fiscal third quarter ended December 31, 2002 increased 7.2% to to $72.3 million. Comparable store sales increased 2.2%. Net income increased 18.2%…

Action Performance Fiscal Q1 Profits Slip 2.5%

Action Performance Companies, Inc. reported first quarter revenues for the first quarter ended December 31, 2002 increased to $85.8 million from $84.1 million in the same period last year. Net income slipped 2.5%…

Dick’s CEO Repays Company Loan Early

Reuters is reporting that Ed Stack, chairman & CEO of Dick's Sporting Goods, has already paid in full a $6.2 million company loan from May 2001. The loan had been due in 2011…

Pride Manufacturing Acquires Softspikes…

Pride Manufacturing LLC announced at the PGA Show the acquisition of Sport Holdings Inc., which includes Softspikes Inc. and Trisport Ltd of England…

Callaway Signs Footwear Deal…

Tour Golf Group has signed an exclusive licensing deal to develop and sell Callaway Golf men's and women's footwear…

Asics Sues Discount Retailer for Knock-offs…

Asics filed suit Friday in the Federal District Court in the Western District of Tennessee against Fred's, Inc, a 350+ store discount retail chain in the Southeast. The suit claims trademark infringement, unfair competition, and trademark dilution..

Kmart Files Its Reorganization Plan, Brings in New Investors…

Kmart Corporation filed its plan to come out of bankruptcy in Chicago late Friday, and did so without the final approval of its creditors. The company stated that it’s optimistic that its statutory committees will formally endorse the Plan of Reorganizat

Aussie Apparel Group Acquires Brands…

Aussie Apparel Group, Ltd. signed the closing documents last month to acquire the Hot Tuna, Xisle, Piranha Boy and Piranha Girl brands from Federation Group. The definitive agreement, signed on December 17, 2002, is valued at approximately $7.5 million…

Pride Manufacturing Acquires Softspikes, Inc.

Pride Manufacturing LLC announced the acquisition of Softspikes Inc. As part of the acquisition, Pride assumes ownership of Sport Holdings Inc., which includes Softspikes Inc., as well as Trisport Ltd. of England, the leading manufacturer of cleats and re