SGB Update

Russell Corp. to Reincorporate in Delaware

January 30, 2004

The Russell Corporation board of directors has approved a proposal to change the Company's state of legal incorporation from Alabama to Delaware. The reincorporation proposal will be submitted for consideration at Russell's annual meeting of sha

Footstar Gets Extension from Lenders to File Financials

January 30, 2004

Footstar, Inc. today reported that it has received a waiver and extension until February 11, 2004 of the requirement to provide financial statements to the syndicate of banks, led by Fleet National Bank, that provides the Company's $345 million senio

Johnson Outdoors Swings to Fiscal Q1 Profit on 15% Sales Increase

January 29, 2004

Johnson Outdoors Inc. said that increased net sales and improved operating profits were driven by the continued strength of its Motors business and military tent sales. JOUT saw net income 0f $160 million, or 2 cents per diluted share for the fiscal Q1 e

Deckers Inks Ugg Handbags License Deal

January 29, 2004

Deckers Outdoor Corporation has entered into a license agreement for handbags and small leather goods bearing the Ugg brand in the United States. Under the terms of the agreement, Jacobs & Leslie Hsu Designs, a designer and distributor of high-end handbag

Columbia Q4 Net Income Grows 10.5% on 18.5% Sales Gain

January 29, 2004

Columbia Sportswear Company reported net sales increased 18.5% to $257.4 million for the fourth quarter ended December 31, 2003, versus net sales of $217.3 million for the same period of 2002. Net income increased 10.5% to $32.2 million, or 79 cents per

Puma Re-Signs Zito to Two Year Deal

January 29, 2004

PUMA has announced the re-signing of Barry Zito, the 2002 Cy Young Award winning Oakland A's pitcher. The two-year sponsorship agreement extends his relationship with PUMA baseball to 5 years. Zito joins some of the best players in baseball represent

Nautilus Recalls Bowflex Machines Due to Safety Issues

January 29, 2004

In cooperation with the U.S. Consumer Product Safety Commission, Nautilus Direct (doing business as Bowflex), of Vancouver, Wash., is voluntarily recalling about 420,000 Bowflex fitness machines to address two safety issues…

Brine Wins Final Judgment in STX Action

January 29, 2004

A federal judge in Worcester, Massachusetts has issued a final judgment of almost $3 million dollars in a patent infringement suit brought by Brine, Inc. against STX of
Baltimore, Maryland. In November 2003, a federal jury returned a verdict of willful pa

180s File Patent Infringement Suits

January 29, 2004

180s has filed two suits in Maryland’s Federal court against Starcrest of California, a California-based mail-order company, and Liter Boutique, a local distributor of consumer products, for infringement of one of the many patents for the one-of-a-kind 18

Amer Group Reorganizes Management Team

January 28, 2004

Amer Group Plc is reorganising its management structure. As of 28 January 2004, the Group's Executive Team will consist of Mr Roger Talermo, President & CEO; Mr Pekka Paalanne, Senior Vice President & CFO; Mr Max Alfthan, Senior Vice President, Corpo

The State of the Industry 2004: Does it Really Have to Decline Like This?

January 27, 2004

SGMA International released their annual State of the Industry report at the recent Super Show in Orlando, and once again focused on the “positive developments” for the industry despite a year of negative growth…

Under Armour Takes on Equity Partner…

January 27, 2004

In an exclusive interview with Sports Executive Weekly, Under Armour founder and CEO Kevin Plank announced that Under Armour has sold a 9% stake in the performance apparel brand to Rosewood Capital, a San Francisco-based private equity firm. Plank did no