SGB Update

Kmart Promotes Day to CEO

Kmart Corporation announced that President Julian C. Day has been named to the additional post of Chief Executive Officer, effective immediately…

Callaway Takes Hit After Filing Late 10-Q…

Shares at Callaway Golf dipped nearly 8.8% for the week after an erroneous Bloomberg News report put a damper on the company’s otherwise positive predictions that its sales and profits for 2002 might be better than forecast…

Nautilus Shares Fall on ’03 View…

Nautilus Group Inc. saw its share price drop 16.0% as the company warned that 2003 earnings will fall and revenue will be flat…

NSGA Reports Sneakers Sales Off 4% in H1 2002

NSGA is reporting that retail sales of sport footwear fell 4% for the six-month period, October 2001 through March 2002, according to data released by the National Sporting Goods Association (NSGA). Sales for the six-month reporting period were $6.49 bill

NSGA Hosts Updated Footwear Panel at Conference

The NSGA management conference will host a panel discuission that includes leading retailers of athletic footwear from various channels to share their views on what retailers need to do in order to remain profitable…

adidas Appoints Wulff Sports Marketing Director

adidas America announced the appointment of Kevin Wulff to the position of Director of Sports Marketing. Wulff brings with him over 26 years of experience in the Sports Industry. He most recently served as the CEO of the Women's Tennis Association…

ShopKo Appoints New Chief Merchant; Three SVP’s Leave

ShopKo Stores, Inc. announced the reorganization of its ShopKo division's merchandising, marketing and replenishment areas. Kevin Easton has been promoted to corporate Executive Vice President and ShopKo division Chief Merchandising Officer…

Delta Apparel Q2 Net Income Up 70% on 23% Sales Increase

Delta Apparel, Inc. announces record sales for the quarter ended December 28, 2002 of $30.0 million, a 23.3% increase from the prior year second fiscal quarter. Net earnings for the quarter were $1.2 million…

Kmart Axes Execs That Received Retention Loans

Kmart Corporation announced that the Company has severed employment relationships with all remaining executives who received special retention loans in 2001 under former Chairman and Chief Executive Officer Charles Conaway's tenure…

Footstar Continues Surge on Kmart News, Upbeat Reports

Footstar, Inc. is suddenly the darling in a down market. As both the Dow and the S&P 500 dipped over 1% on Wednesday, Footstar jumped another 32.34% to close at $9.78. The rise was on top of the almost 22% surge in share price experienced Tuesday. Shar

Value City to Split Out Operating Units in New Structure

Value City Department Stores, Inc. announced that effective February 2, 2003, the company will begin to reorganize its corporate structure into a holding company with three retail operating entities and a service organization…

Luxottica Group Signs License for Versace Brands

Luxottica Group S.p.A. and Versace Group jointly announced the signing of a worldwide license agreement for the design, production and distribution of Versace, Versus and Versace Sport sunglasses and prescription frames…

Analysts Take Big 5 Down on Negative News

Shares of Big 5 Sporting Goods Corp. were down 5.6% Wednesday on news released a day earlier (Story) that the-largest-sporting-goods-retailer-on-the-west-coast cut its profit outlook for its fourth quarter

Royal Precision Cuts Second Quarter Losses

Royal Precision Inc. continues losing money, but the maker of golf club shafts and grips managed to cut its losses in the quarter ending Nov. 30 by almost two-thirds thanks to a 23% jump in sales…

Frisby Files For Bankruptcy Protection

Frisby Technologies, Inc. announced that it has filed a voluntary petition for Chapter 11 reorganization with the U.S. Bankruptcy Court for the Middle District of North Carolina…