SGB Update Outdoor

Luxottica Q2 Retail Comp Stores Sales Off 3.7%

July 28, 2003

Luxottica Group saw consolidated net sales for the second quarter decline 19.6%, or down 5.2% currency neutral, to €707.0 ($804.0) million verus the year-ago quarter. Consolidated net income for the quarter was €67.7 ($76.99) million and consolidated net

Ross Ups Burlington Bid in Sale Process

July 28, 2003

Burlington Industries, Inc. announced that the purchase price in its July 25th acquisition agreement with W.L. Ross & Co. LLC had been increased from $608 million to $620.08 million, both subject to various adjustments. The increase resulted from the sale

Wolverine to Acquire Sebago; Forms Outdoor Group

July 25, 2003

Wolverine World Wide has entered into a letter of intent to acquire the business and select net operating assets of Sebago, Inc. for cash. Additional terms were not disclosed. Sebago will be part of a newly formed outdoor group that will include both Me

Golfsmith Acquires Don Sherwood Golf

July 25, 2003

As part of its national expansion plan, multi-channel retailer Golfsmith International Inc. has announced the acquisition of San Francisco-based Don Sherwood Golf and Tennis World. The terms of the transaction were not disclosed…

MLB Opens New Office in Tokyo…

July 24, 2003

In response to the ever-increasing popularity of Major League Baseball in Japan and throughout Asia, Major League Baseball International will open a regional office in Tokyo on Aug. 1. The Tokyo office will be the third regional office created to support

SGMA: Sales of U.S. Recreational Products on Positive Pace

July 22, 2003

From archery to water skiing, the U.S. sports industry is nearly a $70 billion business. According to SGMA International's Recreation Market Report, manufacturers' sales of sporting goods equipment, sports apparel, athletic footwear, and

NRF: Back-to-School Spending to Top $14 Billion

July 22, 2003

Consumers are planning a trip back to the stores before sending their children back to school this year, according to the findings of a new National Retail Federation (NRF) survey. The NRF 2003 Back-to-School Consumer Intentions and Actions Survey

K2 Inc. Sees Q2 Net Income Up 52% on 27% Sales Increase

July 22, 2003

K2 Inc. reported that net sales for the second quarter ended June 30, 2003 increased 27.0% to $199.7 million from $157.2 million in the 2002 second quarter. Net income was $5.8 million and diluted EPS was $0.19, including $0.03 per share relating to a ga

Finish Line Promotes Three; Geis to Head Apparel and Footwear

July 21, 2003

The Finish Line, Inc. has shifted some responsibilities for its footwear and apparel management teams. Jason Short and Mike Watson have each been promoted to Divisional Merchandise Manager of Footwear while Kathleen Kaplan has been promoted to the positio

Here Comes That Upstream Inventory Effect…

July 21, 2003

We speculated just a few weeks ago (SEW 0325) about the effect the apparent climb in Q1 retail inventories would have on results for the vendors as we moved into the calendar second quarter. After reviewing the first of the vendor Q2 reports released this

Carrefour Extends License Agreement with Cherokee

July 21, 2003

Cherokee Inc., a marketer, licensor and manager of a variety of brands it owns and represents announced that Carrefour S.A. has elected to extend its agreement for the Cherokee brand for an additional three years…

Timberland Falls on Back Half Caution…

July 21, 2003

Timberland matched analysts’ estimates for the second quarter, helped by strong sales of hiking boots and outdoor apparel, but sounded a cautionary tone about the company’s second half prospects…

The Allegheny Trail Company will be Blair Corp.’s newest brand

July 21, 2003

The Allegheny Trail Company will be Blair Corp.’s newest brand, targeting the outdoor apparel wholesale market. The Warren, PA-based company says that ATC will offer an entry-level line of apparel basics, including polo’s, tanks, cargo pants, and fleece

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