SGB Update Outdoor
Schutt Sports in Sponsor Deal with State Association
Schutt Sports and the Illinois High School Association have announced that the “Official Rim of IHSA Basketball” is being manufactured by Schutt. The company is now sponsor of the Schutt Sports Slam Dunk Spectacular competition held in conjunction with t
Footstar Hints at BK to Jettison Debt…
Footstar’s sudden announcement last week that they may file for bankruptcy protection if they couldn’t sell off assets and/or get new financing had everyone scrambling on Thursday at the show. While we didn’t find any vendors that would readily admit tha
Mossimo Delays the Inevitable…
In June of last year, the Los Angeles Superior Court ruled that the finder's agreement between Cherokee Inc. and Mossimo Inc. was valid, ruling that Mossimomust pay Cherokee 15% of all monies received by MOSS from Target Stores pursuant to Mossimo�
Russell Sees Nice Upside from Acquisitions; Base Business Continues Sharp Decline…
Russell Corporation’s Russell Athletic division looked to acquisitions once again to post any type of growth for the fourth quarter of 2003. Sales for the division without the Spalding and Bike Athletic acquisitions last year would have been down about 1
Dick’s Raise Guidance; Splits Shares…
Dick's Sporting Goods is again raising expectations for itself as well as the industry after reporting that total sales for the fiscal fourth quarter ended January 31 increased 20% to $474.4 million from with $395.2 million in the year-ago period. Co
Sport Supply Gets Lift from Asset Sales…
The November sale of the company’s Athletic Training Equipment Company division to Wilson Team Sports has enabled Sport Supply Group to post a net gain in earnings for its fiscal third quarter ended December 26.
SGMA: Sports Licensed Products Sales Surging
Sports licensed products retail sales in the U.S. and Canada rose 7% in 2003 over 2002 to reach $12.1 billion. The increase since 2001 has been an impressive 15%. Sales outside the U.S. represented less than 10% of total sales in 1998, but rose to 20% i
Patagonia Pushes for Dam Removal on Lower Snake River
As a result of a partnership between The Save Our Wild Salmon Coalition (SOS) and outdoor apparel company Patagonia, Inc., over ten-thousand emails and letters have been sent to President George W. Bush since October 30th, urging him to remove four dams o
Footstar Gets Another Bank Extension; Warns of Chapter 11 Possibility
Footstar, Inc. reported that it has received a waiver and extension until February 27, 2004 of the requirement to provide financial statements to the syndicate of banks, led by Fleet National Bank, that provide the Company's $345 million senior secur
Cutter and Buck Responds To Insurance Case Ruling
Cutter & Buck Inc. responded to the court's issuance of an order rejecting the company's claims against Genesis Insurance Company. Cutter & Buck had sought reinstatement of its directors' and officers' liability insurance policy, which
Dick’s SG to Issue $125 Million in Bonds
Dick's Sporting Goods, Inc. announced that it intends to offer, subject to market and other conditions, approximately $125 million issue price of 20-year convertible senior notes through an offering within the United States to qualified institutional
Parkdale America Tangled in Antitrust Case; Fines may Impact Unifi
Unifi has been informed by Parkdale America, a private company in which Unifi holds a 34% interest, that Parkdale participated in activities with competitors in the markets for open- end and air-jet cotton and polycotton yarns used in the manufacture of h
VF Posts Record Q4 Numbers on 6% Sales Increase
VF Corporation announced record results for the fourth quarter and record earnings for the full year. Q4 earnings from continuing operations rose 52% to $.96 per share, compared with $.63 per share in 2002. Income from continuing operations was $105.6 mil
Sport Haley Sales Up 18% in Fiscal Q2
Sport-Haley reported unaudited earnings for the fiscal quarter and six months ended December 31, 2003. Net sales for the fiscal quarter were $4.8 million, an increase of $722,000 or 18%, from net sales of $4.0 million for the same quarter in the prior fis
Kewl is Moving Forward with Infrastructure
Kewl International, the U.S. marketer and distributor of KEWL hockey-based apparel, said today that it has been moving forward to create the necessary infrastructure to launch KEWL branded apparel lines in the U.S. and Europe with assistance from a variet
