SGB Update

O’Neill Riding Surfer Girl Wave…

After Pacific Sunwear anmed them as one of their top three vendors in both juniors and young men’s apparel, O'Neill Clothing has seized the opportunity to expand the traditional surf brand into the swimwear and girls 7-14 to its juniors line…

Phoenix Takes on Buffalo in San Diego…

Phoenix Footwear Group has signed a letter of intent to acquire H.S. Trask & Co., the Montana-based designer of men's casual boots and shoes started by former Reebok executive, Harrison Trask. Trask, who designs and develops footwear from buffalo an

Bean Moving on Bauer Deal…

Looks like L.L. Bean is getting serious about a possible Eddie Bauer acquisition. The idea first surfaced a few weeks ago after Bauer parent Spiegel filed for Chapter 11 bankruptcy protection and started closing EB stores and terminating employees…

Brunswick Lays Up Short, Takes Par…

Based on “developments” in the ongoing negotiations between Life Fitness and Precor over a lawsuit related to patent rights held by Precor for its cross trainer design, Life Fitness parent Brunswick Corp. will establish a $25 million reserve related to th

Nike Nabs James in Endorsement War

LeBron James has signed a multiyear shoe and apparel deal with Nike for contract likely to approach $100 million.
A Nike spokesman confirmed late Wednesday night that the St. Vincent-St. Mary senior had agreed to a contract with the Swoosh, but said terms

Brown Shoe Sees 18% Q1 Net Income Gain on Flat Sales

Brown Shoe Company, Inc. reported an 18% increase in net earnings to $9.0 million, and a 14% gain in diluted earnings per share to $0.49, for the first quarter of fiscal 2003 ended May 3, 2003. This compares to net earnings of $7.6 million, or $0.43 per

Upper Deck Inks LeBron James Deal

The Upper Deck Company LLC announced Thursday the signing of hoops phenom LeBron James, one of the most highly-touted young talents in basketball history, to his first professional sponsorship deal…

ShopKo Sees Q1 Loss as Sales Dip 2.9%

ShopKo Stores, Inc. announced sales and earnings for the first quarter ended May 3, 2003. Consolidated sales were $707.9 million compared with $728.8 million for the same period last year. Comps decreased 2.7%. Net loss for the quarter was $1.1 million

New Top-Flite Golf Company Debuts…

It appears that Oaktree Capital and management at the former Spalding Sports Worldwide have made the decision to stay in the golf ball business. The new Top-Flite Golf Company takes the name of the remaining company’s number one brand in revenues and pro

And Hogan’s a Hero for Sport-Haley…

Sport-Haley, Inc. rode the success of its Ben Hogan apparel brand to a 26% increase in sales for the fiscal third quarter ended March 31, 2003, while narrowing its quarterly loss by 75% in the process…

Mark McCormack Dead at 72…

The man that some called the most influential man in sports over the last half century succumbed Friday, four months after suffering a heart attack…

True Temper Exports Drive Q1 Growth…

It feels good to report positive news in the golf business even if it does not spell long-term relief for the beleaguered sector. The better news is that of a U.S. company capitalizing on increased exports to build sales.
True Temper Sports shook off the

Columbia Knocks-Off Knock-Offs…

Columbia Sportswear reported on Friday that 2,900 imitation Columbia Sportswear jackets were destroyed in Holland after a lengthy legal process in Dutch courts. The jackets were originally seized in November at the Port of Rotterdam enroute to Germany fr

Kellwood Gets the Urban Bug…

Kellwood Company will be developing an urban athletic line of apparel for Run Athletics, LLC, a brand created and owned by Reverend Run, founder of Run DMC, and his brother, entrepreneur Russell Simmons…

Quik Ups Its Q2 Estimates…

Quiksilver, Inc. upped its estimates for the second quarter 2003, now expecting sales to range between $257 million and $259 million, compared to $187 million for the same period last year…