SGB Update Outdoor
Rawlings Investor Bolts as K2 Deal Gets Iffy…
Two interesting developments in the K2 / Rawlings acquisition deal last week. On Monday, K2 Chairman and CEO Richard Heckmann confirmed that Rawlings’ Major League Baseball contract is indeed the stumbling block in the acquisition talks between the two c
Cannondale Asset Sale Completed…
Cannondale completed the Section 363 sale of its assets on Friday, enabling the company to emerge from bankruptcy protection within ‘the next several weeks” following the court's anticipated approval of the auction and the subsequent closing of the
Yue Yuen Sees European Shift As Well…
Yue Yuen Industrial Ltd., a subsidiary of manufacturing powerhouse Pou Chen Corp., saw its revenues rise 31% to $611.5 million in its fiscal first quarter, pointing to acquisitions as a driver of revenue growth…
Baseball Express Sees Sales Up 17%…
Online and catalog baseball equipment retailer Baseball Express “racked up sales of $40 million in 2002, up 17% from 2001”, according to president, Pat Cowles…
Galyan’s 2002 Profits Quadruple on 24% Sales Gain
Galyan's Trading Company announced earnings per share on a fully diluted basis were $1.09 per share, on net earnings of $18.7 million for the fiscal year 2002, compared to $0.32 per share on a fully diluted basis, on net earnings of $4.6 million for
G-III 2002 Profits Plunge 84% as Sales Flatten
G-III Group, Ltd. reported net sales for the twelve-month period ended January 31, 2003 were $202.7 million compared to $201.4 million last year. The Company reported net income of $382,000, or $0.05 per diluted share, for the twelve months ended January
Vans Reports Fiscal Q3 Loss on Flat Sales; Carver and Nagel to Leave
Vans, Inc. announced net sales for the third quarter of fiscal 2003 ended March 1, 2003 were $82.1 million compared to $82.2 million in the third quarter of last year. The Company reported a net loss of $9.2 million, or $0.51 per diluted share for the qua
Goody’s Posts 2002 Profit on Flat Sales
Goody's Family Clothing, Inc. reported net earnings for the year ended February 1, 2003 were $7.6 million, or $0.23 per diluted share, compared with a net loss of $20.2 million, or $0.62 per share, for fiscal 2001. Total sales for fiscal 2002 were $
Phoenix Footwear Group, Inc. Updates 2003 Outlook
Phoenix Footwear Group, Inc. commented on its recent failed bid for Antigua Enterprises, Inc. and also announced that for the 12 months ended December 31, 2003, it expects to generate earnings, after one-time charges related to relocation of the company&#
Hibbett Beats the Street in Q4…
Hibbett Sporting Goods shares were up 6% for the week to close at $24.40 on Friday as the small-market sporting goods operator beat both the Thomson First Call consensus estimate of 40 cents a share and HIBB's prior guidance of 39 cents to 41 cents a
Galyan’s Profits Up on Weak Comps…
Galyan’s, like so many others in our space, had strong profits on weak sales in the fourth quarter ended February 1, 2003. And like so many other retailers — given the economy and world events — they were unable to give sales guidance for the first qua
…As SVP’s Exit in Cost-Cutting Move
Vans announced that Art Carver, SVP of Global Operations, and Bob Nagel, SVP of Sales and Apparel, are leaving the company as of May 31, 2003. Vans CEO Gary Schoenfeld described the move as “an effort to reduce fixed costs”…
Sports Authority Rides Tax Benefit to Surging Q4 Profits as Comps Dip 4.7%
The Sports Authority, Inc. reported that for the fourth quarter ended February 1, 2003, net income amounted to $52.9 million or $1.56 per diluted share versus $15.6 million or $0.47 per diluted share for the comparable period last year. Sales for the fou
Wolverine Signs New Sock License Deal
Wolverine World Wide, Inc. has entered into a new licensing agreement with Iris Hosiery, Inc. of Montreal, Canada, to market Wolverine brand socks in North America…
Nike and Hurley Matching Up Nicely
Nike and Hurley International stunned the action-sports industry last year when the athletic shoe giant bought the relatively small but well-regarded Costa Mesa surf and skateboard clothing company. Skeptics feared the worst…
