SGB Update Outdoor
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
West Marine Appoints Nelson as CFO
West Marine, Inc. has announced that Eric Nelson, vice president — Finance, will be assuming a new role as senior vice president and chief financial officer effective May 7, 2003. Nelson, age 46, joined the Company in March 2000 as vice president and con
Shoe Show Averages a Store Opening Every Five Days
Back in 1960, Robert Tucker opened a 2,500-square-foot shoe store in downtown Kannapolis.
Today, he reigns over a 644,000-square-foot headquarters in Concord, overseeing a shoe retailing chain with more than 860 stores. Shoe Show Inc. is one of the
Union Files Shareholder Lawsuit Against Perry Ellis
The Union of Needletrades, Industrial and Textile Employees (UNITE) announced Monday it has filed suit against Perry Ellis International, Inc. over the denial of UNITE's rights as a Perry Ellis shareholder…
Rocky Shoes and Boots Completes Gates-Mills Deal
Rocky Shoes & Boots, Inc. announced it completed the purchase of GATES, other trademarks and intellectual property, customer orders and relationships, as well as certain assets including finished goods and raw materials inventory from Gates-Mills, Inc…
West Marine Q1 Loss Widens as comps Drop 10%
West Marine, Inc. reported net sales for the quarter ended March 29, 2003 of $111.1 million, which includes the net sales of 62 newly acquired BoatU.S. stores, up 14.4% from $97.2 million in 2002. Comparable store net sales decreased 10.2% from 2002. Net
Thailand’s Largest Shoe Exporter Expects Double-Digit Growth
Despite limited growth in the global footwear industry in the first three months of this year, the Pan Group, Thailand's largest shoe exporter, is still confident of achieving double-digit revenue growth this year. The Pan Group, with 56 subsidia
Wolverine Sees Broader Brand Growth as Q1 Profits Rise 16%
Wolverine World Wide, Inc. saw first quarter 2003 revenue grow 8.0% to a record $191.5 million compared to the $177.3 million reported for the first quarter of 2002. EPS increased 20.0%, reaching a record $0.18 per share compared to the $0.15 per share r
Huffy Posts Q1 Loss as SGandA Increases Outpace Sales Gains
Huffy Corporation announced a loss for the first quarter of $1.4 million or $0.09 per common share, compared to earnings of $0.6 million or $0.06 per common share for the first quarter of 2002. Net sales for the quarter increased by 34% to $94.6 million
Footstar Sees Another Finance Exec Exit
Footstar, Inc. announced that Kathy Guinnessey, Vice President Finance and Treasurer, has decided to leave the Company effective April 18, 2003 to accept a position at another company. Ms. Guinnessey's responsibilities will be assumed by Stephen R.
Brass Eagle Issues Q1 Warning as Sales Plunge 33%
Brass Eagle Inc. expects to report net sales for the first quarter of $13.4 million versus $20.1 million for the same period last year. The Company expects to report diluted earnings per share loss of $0.03 for the first quarter compared to diluted earni
Footstar Athletic March Comps Flat; Footaction Up
Footstar, Inc. reported that total sales for the first quarter ended March 29, 2003 decreased 12.9% to $482.1 million. Footstar's comparable store sales for the quarter decreased 5.3%. Comparable store sales at Meldisco decreased 10.9% and comparab
Elder-Beerman March Comps Dip 4.0%
Comparable store sales for The Elder-Beerman Stores Corp. decreased 2.9% for the five weeks ended April 5, 2003 compared to the five weeks ended April 6, 2002. Total store sales decreased by 4.0% to $50.8 million versus the same period last year…
