SGB Update

Fila has extended its endorsement agreement with baseball star Barry Bonds through 2006. The deal extends the company’s relationship with the future Hall of Famer through 2006 and supports it continued commitment to the cross training category…

Pop diva Britney Spears and Skechers USA have settled their respective actions against each other in a deal approved last week by a federal judge in Los Angeles.
The terms of the settlement deal were not revealed…

As K2 and Russell push back from the table to digest their recent acquisitions, the consolidation wave in sporting goods continues unabated as Escalade Sports moved last week to acquire the assets of North American Archery Group LLC out of bankruptcy cour

A study released last week estimates that 2003 online retail sales in the U.S. could grow 26% to about $96 billion. NRF’s online group, Shop.org and Forrester Research conducted the survey of more than 130 retailers, reporting that online retail sales ju

• Stores average 5951 square feet. Stores opened during 2003 averaged 4800 square feet.
• Now plans to open 50 doors in 2004. This will result in an increase in square footage of 7% – 8%.
• Typical store carries 600-700 styles and 10,000+ pai
  

• Total sales $271 mm, up 20%, or $45 mm from Q1 2002.
• International increase was $33 mm, of which $18 mm was attributable to foreign exchange rates.
• At constant currency, growth was up 12%.

• Domestic (wholesale) sales were $147 mm vs. $185 mm in Q1 2002, declining to 71% of total sales from 76% in the year-ago quarter.
• Expect to open 25-30 new doors in 2003, six of which have been opened to date.
• Expect Q2 sales to be $200 mm
  

• Sold 4.5 mm pairs in the quarter.
• Average selling price decreased to $24.71 from $25.20 in Q1 2002.
• Classics business increased 58%.
• Margins decreased to 43.5% from 44.7 % due to “recognition of guaranteed royalty payments to National
  

• Average store is 11,600 sf, with $2.7 mm annual sales and has 30,000 pairs of shoes in inventory.
• Plans to open 40 doors in 2003 and expand at 20% per year thereafter. All stores are leased.
• Focused on growing Women’s non-athletic.

• Journey’s is 53% of total net sales and 64% of profits. Operating margins at Journey’s is 12.2%, down from 13.6% in Q1 LY. 2003 comps were flat.
• Journey’s operates 579 stores, averaging 1600 square feet.
• Average selling price decli
  

Just when you think the brand finally has its message right. Right when retailers are starting to feel like the brand might mean something again to the trend-setting urban male. Someone comes up with a campaign that makes even the most loyal Reebok supp

Varsity Brands, Inc. announced that revenues for the first quarter of 2003 increased to $23.7 million, or 26.7%, from $18.7 million in revenues for the first quarter of 2002. The Company reported a net loss of $2.6 million, or ($0.28) per share, for the f

The Warnaco Group, Inc. net revenues for the two-month period since it emerged from bankruptcy totaled $326.3 million and net income totaled $22.6 million and earnings per share totaled $0.50. Warnaco emerged from bankruptcy on February 4, 2003, and the