SGB Update

NSSRA Names Top Suppliers

Honoring vendors whom its membership feels have best
serviced ski and snowboard shops, the National Ski & Snowboard Retailers Association (NSSRA) presented five industry suppliers with its “Supplier of the Year” awards during the recent SIA SnowSports Sho

JC Penney DS 2002 Operating Profit Up 27%

J. C. Penney Company, Inc. reported that earnings per share from continuing operations doubled to $0.68 for the fourth quarter and were $1.25 for the full year. Department Stores and Catalog Q4 LIFO operating profit increased 35%, or 160 basis points as

ShopKo Names Store Ops Head

ShopKo Stores, Inc. named Dan Bolstad senior vice president of ShopKo store operations, and logistics functions for the company's ShopKo and Pamida divisions…

Galyan’s to Keep Corporate Headquarters in Plainfield

After a yearlong search for a site to relocate its corporate headquarters, Galyan's Trading Co. has decided to stay in Plainfield. The company said Tuesday it will work with Plainfield over the next year to locate a building site for a state-of-th

K2 Reports $12 million 2002 Profit on Lower Sales

K2 Inc. announced net sales for the year ended December 31, 2002 totaled $582.2 million compared with $589.5 million in 2001. Net income for 2002 grew to $12.1 million, or $0.67 per diluted share, from a net loss of $7.7 million, or $0.43 per share. Resul

Fotoball 2002 Net Income Surges on 39% Sales Increase

Fotoball USA Inc. posted record revenues of $44.0 million, which represented an increase of 39% from the $31.6 million reported for the full year 2001. Income from continuing operations for 2002 was $932,000, which compared to income from continuing opera

Kohl’s Shuffles Board; Montgomery Takes Chair

Moving forward with the company's succession plan, Kohl's Corporation announced that its board of directors has elected Larry Montgomery to succeed William Kellogg as the chairman of the board…

Cherokee Gets Sideout Slot at Marshall Field’s

Cherokee Inc. announced that Marshall Field's Department Stores will begin selling it's Sideout Brand for Fall 2003 under amended terms of it's retail direct license agreement with Target Brands, a division of Target Corporation…

Rocky Shoes and Boots 2002 Profits Jump 87% on 14% Sales Gain

Rocky Shoes & Boots, Inc. reported net sales declined 13.9% to $89.0 million for the year 2002 from $103.3 million the prior year. Net income rose to $2.8 million, or $0.62 per diluted share, for the twelve months ended December 31, 2002 from $1.5 million

Sportsman’s Guide 2002 Up 43% on 6.2% Sales Increase

The Sportsman's Guide reported sales were $180.3 million for the year ended December 31, 2002, an increase over the $169.7 million reported for 2001. The Company recorded net earnings of $4.0 million, or $0.80 per fully diluted share, for the year,

Gart Sports Q4 Comps Down 3.2%; Reaffirms Guidance

Gart Sports Company reported that it expects to meet its prior earnings guidance for the fourth quarter 2002 of $1.03 per fully diluted share and full year 2002 of $1.86 per fully diluted share.

Total sales for the 13 weeks ended February 1, 2003, were

PacSun First to Launch Hurley Footwear

Pacific Sunwear of California Inc. becomes the first national retailer to launch the new Hurley footwear line. The shoes are available in PacSun stores and online.

K2 Inc. Completes Debentures Transaction

K2 Inc. announced it has completed the transaction with k1 Ventures Ltd., a Singapore-based investment company, in which K2 sold $25.0 million of its 7.25% convertible subordinated debentures due March 2010…

When Does a Good Show Get Too Big???

Lesson One in trying to kill the golden goose trade show – make the show so big that you have to trek all over town and then shoo away all the retailers with bad timing. Blow into a balloon long enough and it will pop! That was the feeling as the exhibit

Russell Firing On All Cylinders…

Shares of Russell Corporation rose 4.5% for the week, closing at $15.68 on Friday. The company reported lower Q4 sales and stronger earnings on Thursday…