SGB Update Outdoor
SGMA Board Elects Cove EVP; Will Succeed Riddle
The SGMA board has elected Tom Cove as Executive Vice President for the association, a new post within SGMA management's structure. Cove will subsequently assume the presidency of SGMA International on February 1, 2005. The move is part of a succes
Cramer Jumps into P.E. Business with Both Feet…
Cramer Products had to make the decision to either build or sell when it came to its PE products business, but the company’s decision to pursue the latter actually led to an acquisition that supports the first option. Cramer will definitely grow its PE b
LaCrosse Sees Q1 Upside from Production Outsourcing…
LaCrosse Footwear posted a 19.4% jump in first quarter 2004 sales, recording $23.7 million in revenue for the period compared to $19.9 million for the first quarter of 2003. Sales of Lacrosse brands increased to the retail channel in the quarter and Dann
Eggers Makes Athlete’s Foot EVP/GMM Post Official
Industry veteran Chuck Eggers has been appointed Executive Vice President and General Merchandise Manager of The Athlete's Foot. This follows an announcement in September 2003 that Eggers had joined the organization as interim GMM…
Sport Haley Settles Securities Suit…
Sport Haley announced that a class action securities lawsuit that was originally filed in October of 2001 has been settled. The company, Kevin Tomlinson, Robert G. Tomlinson and Robert W. Haley were all named as defendants. The settlement says that Spor
Garmin’s Q1 Margins Hurt by Chip Costs…
Garmin's revenue for first quarter of the year increased 28% to $158.3 million from $123.8 million in the year-ago quarter. Gross margins fell 950 bps to 50.8% for the 2004 first quarter compared to 60.3% last year. SG&A expenses were reduced 40 ba
Golfsmith Pares Q1 Loss as Comps Jump Almost 24%
Golfsmith International Holdings, Inc. increased net revenues 44% to $65.8 million for the fiscal 2004 first quarter ended April 3 compared with net revenues of $45.8 million in the first quarter of fiscal 2003. Same-store sales increased 23.9% in the qu
Oakley and Ducati Extend Licensing Agreement
Oakley has extended for an additional three years its existing licensing agreement with Ducati Motor Holding S.p.A. and has expanded the scope of the agreement to include five exclusive models of Oakley eyewear. All products covered by the agreement featu
SIA Wins Five Awards for snowlinkjr.com
The SIA was recently awarded five different awards for its newly-launched consumer site, snowlinkjr.com. Both the website and the game, Icebox Maniacs, garnered top recognition nationally and in the Denver area. SIA developed snowlinkjr.com with the Fac
Accell Group Acquires a Third Parts Distributor
Accell Group N.V. has signed a letter of intent for the acquisition of F. van Buuren & Co. B.V., a company trading in bicycle parts and accessories. Following the recent acquisition of Juncker B.V., this new acquisition further strengthens the position of
Stein Mart April Comps Jump 6.7% on 4.5% Sales Increase
Stein Mart announced net sales in April were up 4.5% to $112.5 million compared to $107.7 million last year. Comp store sales climbed 6.7% for the month. First quareter sales increased 10.8% to $363.6 million compared to $328.2 million in Q1 last year. Q
PacSun April Comps Climb 11.4%; Sales Jump 21.8%
Pacific Sunwear of California reported that total sales for the four weeks of April of fiscal 2004 were $73.7 million, an increase of 21.8% over total sales of $60.5 million for April, 2003. Company same store sales increased 11.4% for April, 2004 with Pa
Shoe Carnival April Comp Store Sales Down 4.6%
Shoe Carnival, Inc. reported sales for the four-week period ended May 1, 2004 increased 3.8% to $48.6 million from sales of $46.8 million for the four-week period ended May 3, 2003. Comparable store sales decreased 4.6% in April 2004.
Ross Stores Comps Increase 2% for April
Ross Stores reported sales of $322 million for the four weeks ended May 1, 2004, an 11% increase above the $289 million in sales for the four weeks ended May 3, 2003. Comparable store sales for the month increased 2% over the prior year. For the first qu
Famous Footwear April Comps Dip 1.2%; Brown Raises Guidance
Brown Shoe Company, Inc. reported that retail sales at Famous Footwear were $91.9 million for the four-week period ended May 1, 2004, even with the same period last year (ended May 3, 2003). Same-store sales decreased 1.2% for the month, partially due to
