SGB Update

Earth and Ocean Sports Sinks…

The parent company of water ski and wakeboard brands O'Brien and Liquid Force ran out of money on February 10, 2003, laying off over 130 people in its Seattle and California facilities…

K2 Goes on Offense…

K2 is set to go on the offensive in 2003 after spending much of the last 18 months paying down debt and building a war chest. The umbrella company for several Inline Skate, Ski & Snowboard and Fishing Tackle and Water Products brands is also expected to

As Rawlings Investor Gives Go Ahead…

Daniel Gilbert, who holds nearly 15% of Rawlings' stock, said he has become comfortable with K2 CEO Dick Heckmann's vision for Rawlings and will support KTO’s purchase of the venerable sporting goods brand…

IT’S DONE. Gart and TSA Merge…

Gart Sports Company and The Sports Authority, Inc. announced that their boards of directors have unanimously approved a definitive agreement providing for a merger of equals to create the nation's preeminent sporting goods retailer. The combined comp

Skechers Ends Year with Q4 Loss; Sales Down 15.6%

Skechers USA, Inc. reported fiscal year 2002 net sales slipped 1.8% to $943.6 million, compared to net sales of $960.4 million in 2001. Net earnings for 2002 were $47.0 million, flat to 2001. Net sales for the fourth quarter of 2002 were $180.8 million c

Reebok Expands Mall Presence to Limited Too

Reebok and Limited Too announced a partnership that includes Reebok footwear in Limited Too's stores, website, and “catazine” — the retailer's product and promotions guide which is mailed to more than 4 million girls several times per year…

Liquidmetal Narrows 2002 Loss

Liquidmetal Technologies announced revenues for 2002 grew to $13.1 million compared to $3.9 million in 2001, a 238% increase. For the full year, the net loss including discontinued operations amounted to $18.4 million, or $0.47 per share, compared with a

Nordy’s Fiscal 2002 Profits Slide 28%

Nordstrom, Inc. reported net earnings and earnings per diluted share for fiscal 2002 ending January 31, 2003 decelined 28% to $90.2 million and $0.66, respectively. Fiscal 2002 net sales increased 6.1% to $6.0 billion compared to sales of $5.6 billion in

Thule Appoints Field Envoy

Thule has appointed Darren Snyder as its Thule Envoy. In this newly created field position, Snyder will report to Mike Moore, Thule Western Sales Manager and support Thule’s western region sales representatives…

Tommy Armour Names Custom Club Manager

Tommy Armour Golf Company, a subsidiary of Huffy Corporation, announced that Mark Adams, a Professional Clubmakers’ Society (PCS) Certified Class A Clubmaker, has been hired as Manager, Custom Golf Club Operations…

UA’s Kevin Plank Named to Fast 50

The March 2003 issue of Fast Company named Kevin Plank, founder and president of Baltimore-based Under Armour® Performance Apparel, as one of the top 50 business innovators in the world.