SGB Update

Hibbett Beats the Street in Q4…

Hibbett Sporting Goods shares were up 6% for the week to close at $24.40 on Friday as the small-market sporting goods operator beat both the Thomson First Call consensus estimate of 40 cents a share and HIBB's prior guidance of 39 cents to 41 cents a

Dick’s Capitalizes on Winter in East…

While other retailers complained that a real winter season kept consumers inside during much of the fourth quarter, Dick's Sporting Goods took the opportunity to keep goods flowing into – and out of – its stores…

Shoe Carnival Profits Up 44% for Q4 as Comps Dip…

Shoe Carnival didn't let a little thing like soft comps hold back their hard-charging ways. Even though sales were soft for the quarter, profits soared 44% in Q4.
SCVL same-store sales were down 3.9% for Q4 and dipped 0.4% for the year. Comp sales

Huffy Gets Loan From New Fila Parent…

Huffy Corporation has finalized a $15.0 million subordinated term loan with Ableco Finance LLC, a fund affiliated with Cerberus Capital Management, L.P., and Congress Financial Corporation. The loan, repayable on its March 13, 2008 maturity date, is pegge

Quiksilver Secures China Beach…

Quiksilver, Inc. has taken steps to broaden its global brand reach even further with the announcement last week of a joint venture with a Chinese company to manage retail stores and distribute ZQK brands in the Peoples Republic of China…

Oops, We’re At It Again…

Skechers Inc. filed a lawsuit in a federal court in Los Angeles against singer Britney Spears and her companies, alleging fraud and breach of contract…

Antigua Sells Control to U.K. Company, Gets Donnay Deal…

Antigua Enterprises Inc. will sell to Ashley NA, LLC, a company owned in common with the Sports Soccer and Lillywhites chains of sporting goods stores in the U.K., a controlling interest in the company for $10.25 million…

Nike Adds Aussie Swimwear Licensee…

Nike Swimwear in the southern Asia-Pacific region will now be licensed through Australian swimwear company Seafolly Pty Ltd. The deal announced Monday provides Seafolly with the rights to design, manufacture, market and distribute Nike swimwear in Austra

Galyan’s Profits Up on Weak Comps…

Galyan’s, like so many others in our space, had strong profits on weak sales in the fourth quarter ended February 1, 2003. And like so many other retailers — given the economy and world events — they were unable to give sales guidance for the first qua

…As SVP’s Exit in Cost-Cutting Move

Vans announced that Art Carver, SVP of Global Operations, and Bob Nagel, SVP of Sales and Apparel, are leaving the company as of May 31, 2003. Vans CEO Gary Schoenfeld described the move as “an effort to reduce fixed costs”…

Huffy Corporation Completes $15.0 Million Term Loan

Huffy Corporation has finalized a $15.0 million subordinated term loan with Ableco Finance LLC, a fund affiliated with Cerberus Capital Management, L.P., and Congress Financial Corporation…

Madonna to Head Spiegel Catalog and Newport News Divisions

The Spiegel Group announced that Geralynn Madonna has been named president and chief executive officer of Spiegel Catalog and Newport News. Ms. Madonna previously held the position of president and chief operating officer of Newport News…

Perry Ellis Appoints Michael Nicklas as Swimwear EVP

Perry Ellis International, Inc. announced the appointment of Michael Nicklas as Executive Vice President of Sales for Jantzen, Inc., a wholly owned subsidiary of Perry Ellis, effective immediately, and will be responsible for all swimwear related apparel