SGB Update Outdoor
True Temper 2002 Sales Decline 3.3%
True Temper Sports, Inc. reported that 2002 sales declined by 3.3% to $107.4 million in 2002 from $111.1 million the prior year. Full year net income decreased to $9.3 million from $24.6 million in the prior year. Net income increased 35% from $6.9 mill
K2 Inc. and Rawlings Announce Merger Exchange Ratio
K2 Inc.and Rawlings Sporting Goods Company, Inc. have announced the exchange ratio in connection with K2's proposed merger with Rawlings. If the merger with Rawlings is completed, each Rawlings stockholder will receive 1.080 shares of K2 common stock
GoLite Finds Military Deals Sometimes Cumbersome
Demetri Coupounas, president of Boulder-based GoLite, is glad that America's elite warriors have adopted the company's lightweight sports gear for battle. But it's not as though he went after the business. GoLite generally doesn't
Reebok Sees Earnings, Profits Rise, But CEO Gets No Raise
Although Reebok International Ltd. saw its profits rise smartly in 2002, the salary and bonus of chairman and chief executive Paul Fireman remained roughly the same at about $3.08 million, according to a proxy filed Monday to the Securities and Exchang
Oleksyk Takes Top Spot at Pride Golf Products Division
Rick Oleksyk has teed up to take command at Pride Golf Products Division, a Gaithersburg subsidiary of Pride/Softspikes Inc. Formerly known as Softspikes Inc., the manufacturer of plastic golf cleats merged in January with Pride Manufacturing Inc., a Gu
Kmart Posts $3.22 Billion Loss for 2002
Kmart Corporation reported total sales for the 52 weeks ended January 29, 2003 totaled $30.76 billion, compared with $36.15 billion in fiscal 2001. On a same-store basis, sales declined 10.1% in fiscal 2002 from the previous year. Kmart reported a net l
Converse May Delay IPO
Converse has reportedly canceled a conference call to discuss its planned $86 million Initial Public Offering. The IPO has been delayed to “uncertain global conditions” and stock market uncertainties over the start of the war in Iraq…
Vans Q3 Hit on Skatepark Charge…
It wasn’t long ago that the Vans skateparks represented a revolutionary approach to marketing the brand to the extreme sports crowd. The concept was once the envy of the industry – a marketing concept that pays for itself and eventually becomes a profit
Of Course We’ll Still Buy Shoes…
Consumers may cut back on spending on the traditional “big ticket” items this spring but fewer expect to cut into their Apparel and Footwear purchases…
Wilson Exec Nabbed for eBay Sales…
Even as eBay attempts to make inroads into the sporting goods market with its close alliance with SGMA International and The Super Show’s Financial Day program, it seems that the online auction “e-tailer” has also given rise to opportunists that sell stol
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
