SGB Update

Hibbett Sporting Goods has revised its sales and earnings expectations for the second fiscal quarter, 2004. HIBB now expects to report a comparable store sales increase of 2% to 3% for the second quarter and earnings per share in the range of 13 cents to

Uvex Sports, the distributors of Holmenkol, Sportna Oprema, & Uvex products has appointed Jeff Sadis to the position of Intermountain Region Sales & Racing Services Representative…

For a company that described itself as “progressive with highly developed web presence,” it has taken until 2004 for Sugoi to officially enter the .com era. That's because the last 8 years have been spent with a web home of www.sugoi.ca as a couple

Russell has purchased the assets of Huffy Sports Company, a division of Huffy Corp., for $30 million in cash, subject to working capital and other adjustments. Under the terms of the agreement, Russell will also assume certain operating liabilities. Huffy

Phoenix Footwear Group has completed the acquisition of Altama Delta Corporation. Altama generated revenues of $40 million for the 12 months ended April 3, 2004. The Company expects that the acquisition will be accretive to earnings per share. The Company

Cascade Designs has hired Tim Davis as director of government sales for the company’s military affairs division. In his new role, Davis will be responsible for maximizing the sales of new and existing products to military and homeland security markets. P

Prince Tennis has re-signed tennis star and French Open finalist Guillermo Coria to an exclusive endorsement deal. Under the agreement, the 22-year-old Argentine will promote and play with Prince’s Tour NXGraphite racquet, according to Linda Glassel, vice

The most recent SGMA Sports Participation in America report revealed some good news for the outdoor industry and some very interesting potential future trends in the bicycle industry. The study released by SGMA, which assesses participation trends in ove

Wolverine World Wide saw a much more balanced growth trend in its brand portfolio in the second quarter, posting good increases across the board with the exception of Wolverine boot sales and CAT footwear. Total sales for the quarter increased 8.0% to $1

Oakley has lowered its earnings and sales guidance for the 2004 fiscal year to reflect what the company is describing as softer than expected sales in the second quarter and production shortfalls that resulted in decreased inventory turns. The company pr

Russell Corporation is benefiting from K2 Inc.’s acquisition of Marmot Mountain and will realize a gain of approximately 8.5 cents per share in the second quarter for their interest in Marmot. K2 told SEW last month (SEW_0425) that the deal included a 50

Ann Veneman, the U.S. Secretary of Agriculture announced the government’s intention to abandon roadless protections for over 58 million acres of national forest. This decision has the potential to open these lands to deforestation by timber and mining co

The recent launch of Scott USA bicycles in the U.S. market at the Sea Otter Festival caused some concern among the ranks of Specialized executives. Scott USA has been a strong competitor in Europe, and the company’s ‘Genius’ full suspension MTB design, ac

In early 2002 American Skiing Company and triple Peaks Inc. entered into a deal that should have resulted in Triple Peaks becoming the new owners of the Steamboat Ski resort for $91.4 million. At the time AESK was having financial problems and needed to s