SGB Update Outdoor
Big 5 Doubles Q1 Net Income as Comps Inch Up 0.6%
Big 5 Sporting Goods Corporation reported net sales for the fiscal 2003 first quarter that ended on March 30, 2003 increased by $7.4 million, or 4.7%, to $164.5 million from $157.1 million in the first quarter of 2002. Same store sales increased 0.6% ver
Rawlings Acquires ABC Helmet Company
Rawlings Sporting Goods Company Inc. has signed a definitive agreement to acquire certain assets of the ABC Helmet Company. The cash transaction is expected to close in the third quarter and is intended to help build on Rawlings' strength as the num
Buy.com Launches Online Sports Store
Buy.com Inc. announced that it has significantly expanded its product offering by launching a Sports Store, giving customers access to 65,000 new products from top brand names in the sporting goods marketplace. The Sports Store will offer Wilson, Adidas,
Nautilus Q1 Net Income Down 43% on 4% Sales Dip
The Nautilus Group, Inc. reported net sales of $129.4 million for the first quarter ended March 31, 2003, compared to $135.9 million for the corresponding period last year. Net income for the quarter was $13.7 million compared to $24.0 million in the firs
Gander Mountain in Alliance with Arctic Cat
Arctic Cat Inc. has formed a new alliance with sporting goods retail giant, Gander Mountain. Gander Mountain's newly-opened Geneva, Ill., store will offer the full line of Arctic Cat ATVs, as well as genuine parts, garments and accessories…
Galyan’s Closes on New Five-Year Revolver
Galyan's Trading Company, Inc. has closed on a $250 million senior secured bank facility that will mature in April 2008. This new revolving credit facility replaces the previous $160 million revolving credit facility that was to expire on May 3, 2004
Hibbett Stockholders to Offer 2 Million HIBB Shares
Hibbett Sporting Goods, Inc. has filed a prospectus supplement to its shelf registration statement with the Securities and Exchange Commission for a public offering of 1,960,081 shares of its common stock. The offering is being made in connection with a
Sportsman’s Guide Rides Web Sales to Higher Q1 Profits
The Sportsman's Guide, Inc. reported sales for the quarter ended March 31, 2003 increased 5% to $43.7 million and reported net earnings of $957,000, or $0.19 per fully diluted share for the quarter, a 22% increase when compared to the three months en
WHAM-O Acquires Riva Sports
WHAM-O, Inc., the leading manufacturer of innovative outdoor fun products for every season, today announced the acquisition of Riva Sports, Inc., a Rockville, Maryland-based maker of winter recreational products…
Value City Amends Q4 Earnings Overstatement
Value City Department Stores, Inc. announced Tuesday that, due to an administrative error, fourth quarter 2002 diluted earnings per share were overstated in a press release dated April 7, 2003 when the Company reported diluted earnings per share of $0.16
Oxford Industries to Acquire Tommy Bahama Parent
Oxford Industries, Inc. has signed a definitive agreement to purchase all of the outstanding capital stock of Viewpoint International, Inc., owner of the Tommy Bahama(R) brand. The transaction is valued at up to $325 million consisting of $240 million in
Brunswick Q1 Earnings Up 47% on 8% Sales Gain
Brunswick Corporation saw a 47% increase in diluted earnings per share in the first quarter of 2003 to $19.8 million, or $0.22 per diluted share, in line with previously announced expectations. For the quarter ended March 31, 2003, the company had net s
Kmart Reorg Plan Approved, Will Exit Chapter 11 May 5th
Kmart Corporation announced that the U.S. Bankruptcy Court entered an order Tuesday evening confirming the company's First Amended Joint Plan of Reorganization, as modified. With this and other actions, Kmart is set to complete its “fast-track” reor
SGMA Coordinating Sporting Goods Donations for Iraq, Afghanistan
Sporting goods are headed to Afghanistan and Iraq – earmarked for the children. SGMA International, World Vision and AmeriCares are making it happen! SGMA International is notifying the sports industry about this effort and World Vision and AmeriCares a
SGMA Releases 2003 ESPN Sports Fan Poll
Do you want to be the first one on the block to know the stats – on the American sports fan? You can find all this information in the ESPN Sports Poll/SGMA State of Sports Report (2003 edition), released by SGMA International. This survey examines inter
