SGB Update

Sportsman’s Guide to Beat Consensus Estimates for Q4 and Year

The Sportsman's Guide, Inc. expects to report total sales of $71 to $72 million and earnings per share of $0.70 to $0.72 for its fourth quarter ended December 31, 2003. This would compare to fourth quarter 2002 results of $66.3 million in sales and e

NRF Projects 5.0% Retail Growth in 2004

Following a year of bumpy growth, the economy is poised for consistent gains in 2004. The National Retail Federation released its 2004 forecast, predicting that GAFS sales will increase 5.0% from last year. According to its Retail Sales Outlook Report,

SportsNewsSource and NSGA Renew Conference Partnership

SportsNewsSource LLC, which publishes several electronic and printed sporting goods industry newsletters, has renewed its partnership with the National Sporting Goods Association as the Official Conference Daily Newsletter for the 40th Annual NSGA Managem

Retailers Win the Waiting Game with Consumers…

Retailers played a waiting game with consumers in December and ended up having the best Holiday season in four years as a result. Thanks to tighter inventories, few retailers panicked and went into hyper markdown mode early as in seasons past…

Footstar Shareholder Stirs the Pot…

Footstar Inc.’s second largest shareholder, Chapman Capital LLC , which holds a 7.1% stake in the parent company to Footaction , Just for Feet and Meldisco, filed papers last week with the Securities and Exchange Commission that called for the resignation

Nike Sued Over Use of Stickman…

Nike, Inc. is under legal assault once again, this time through a lawsuit filed by a cartoonist in China that claims the company infringed the copyright of one of his characters in a global marketing campaign.

Forzani Probed Over Ad Practices…

Forzani Group Ltd. on Thursday confirmed that Canada’s Competition Bureau is commencing an investigation into the advertising practices of the Canada-based parent of the Sport Chek, Coast Mountain Sports and Sport Mart retail chains…

Airwalk Picks Up New Apparel Licensee…

Total Sports Distribution Inc., a subsidiary of Bluetorch Inc., has announced that it has signed a letter-of-intent with new Airwalk brand parent, Collective Licensing International LLC, to license the Airwalk name for apparel in the U.S. market. The comp

Kellwood Gets “Phat” with Urban Plans…

Kellwood is getting “Phat” after the company reported that it will acquire Russell Simmons’ Phat Fashions LLC in a deal that is reportedly worth $140 million in cash plus earnouts and additional incentives…

Malden Now a Political Focal Point…

After a barrage of lobbying from several politicians from both parties, the U.S. Export-Import Bank has agreed to the full $35 million in loan guarantees that former Malden Mills CEO Allan Feuerstein needed to secure funding to regain control of his compa

Kayser Roth Streamlines for ‘04

After four years of addressing operational efficiency issues, Kayser-Roth has completed an integration of its department/specialty store group with their food/drug/mass group. The company believes streamlining these functions will allow it to match or bea

Deckers on Roller Coaster with Ugg…

Last week, Sports Executive Weekly reported that Deckers stock outperformed every other publicly traded sporting goods company on the market with a 520% increase in trading value. Other companies on the list like LaCrosse and Rocky Shoes & Boots were awar

Super Show: Financial Day Highlights from the Big Guys…

This year’s Super Show Financial Day revealed few surprises. Most presenters stuck to their prepared scripts. Attendance seemed lower than last year, as other financial conferences intrude on the timing. SEW brings you the high points of the conference

SportsNewsSource Renews Conference Partnership with NSGA…

SportsNewsSource LLC, which publishes several electronic and printed sporting goods industry newsletters, has renewed its partnership with the National Sporting Goods Association as the Official Conference Daily Newsletter for the 40th Annual NSGA Managem