SGB Update

Yurts Get Some Backbone

The Colorado Yurt Company has retained Backbone Media to manage its public relations efforts. Based in Montrose, Colo., The Colorado Yurt Company, formerly known as Advance Canvas Design, was founded in Colorado in 1977 by Dan and Emma Kigar. Since its mo

Foot Locker Q4 Net Income Up 25%; Sales Up 10%

Foot Locker, Inc. reported income from continuing operations for the fourth quarter ended January 31, 2004 increased 48% to $71 million, or 47 cents per share, compared with $48 million, or 33 cents per share, last year. Sales for this year's fourth

REI Launches Updated Gift Registry

REI has launched an integrated multichannel gift registry that makes it easy to create and edit gift lists at any REI store, online at REI.com or by phone…

Pacific Sunwear Q4 Net Jumps 48%; Comps Increase 12%

Pacific Sunwear of California, Inc. reported that net income for the fourth quarter increased 48% to $34.3 million, or 43 cents per diluted share, compared to $23.2 million, or 31 per diluted share, for fiscal Q4 2002. Total sales for Q4 ended January 31,

Footstar Permitted Access to Credit Facility

Footstar has received interim court approval to access a new $300 million debtor in possession (DIP) financing package that was committed to it by a bank group led by Fleet National Bank and GECC Capital Markets Group, Inc. This credit facility is now ava

Pacific Sunwear Continues Double-Digit Comp Gains in February

Pacific Sunwear of California Inc. reported that total sales for the four weeks of February of fiscal 2004 were $67.7 million, an increase of 26.8% over total sales of $53.4 million for the four weeks of February of fiscal 2003. Company same store sales i

February Comps Jump 24.4% at Neiman Marcus

The Neiman Marcus Group announced in the four-week February period, comparable revenues increased 24.4%. The Company experienced strong sales trends in all of its geographic regions.

Giuliani Partners Invests in CamelBak

Giuliani Partners announced that it is becoming a strategic investor in CamelBak Products. According to Giulliani Partners, “CamelBak has developed a superior product with applications that extend well beyond the sports and recreation market into the real

Forzani Cuts Full Year Earnings Forecast; Sees Q1 Momentum

The Forzani Group Ltd. reported that net earnings for the fourth quarter will be between C$0.46 and C$0.48 per share versus C$0.43 per share in the prior year. The company has revised its earnings guidance for the year ended February 1, 2004 to between C

Profitability Falls for Specialty Fitness Dealers

Profitability and productivity for specialty fitness dealers fell in 2003 according to data reported in the just-published National Sporting Goods Association (NSGA) Cost of Doing Business Survey…

Upper Price Point Footwear Sales Down, Middle Price Points Up

The numbers are not encouraging for those pushing
$100-plus sneakers. Athletic footwear costing $100 or more slipped from 2.6% of the sports footwear market in 2002 to 2.2% in 2003, according to data released by the National Sporting Goods Association (NS

Kimbrall Joins Tecnica as Brand Promotions Manager

Tecnica USA has named Bob Kimball to the position of brand promotions manager of its U.S. outdoor footwear division. Kimball's primary responsibility will be to increase the Tecnica brand presence among consumers through grassroot events, sponsorshi

Rebel Cashes In on Rugby World Cup

Rebel sport finished their first half on a positive note, posting an 8.1% sales increase from A$143.6 million ($78.1 mm) to A$155.2 million ($101.0 mm). The company was both helped and hurt from the rugby world cup taking place in Australia, as sales rela