SGB Update

SGAA July Rep News

July 22, 2003

The Sporting Goods Agents Association has recently inducted several rep agencies into the 69 year-old trade organization. New reps welcomed by SGAA president Gary Niland were Bob Watkowski, Double Eagle Sales Inc.; John Conlin and Mike Bloom, John Conlin

K2 Inc. Acquires V2 Optics

July 22, 2003

K2 has reached agreement to acquire V2 Optics, a designer, manufacturer and distributor of high-performance sunglasses and technologically advanced snow goggles. V2 is also the first company to develop a snow goggle specifically for women…

SGMA: Sales of U.S. Recreational Products on Positive Pace

July 22, 2003

From archery to water skiing, the U.S. sports industry is nearly a $70 billion business. According to SGMA International's Recreation Market Report, manufacturers' sales of sporting goods equipment, sports apparel, athletic footwear, and

Cutter and Buck Renews Sorenstam Sponsorship Deal

July 22, 2003

Cutter & Buck Inc. has renewed its sponsorship deal with Annika Sorenstam. Under this three-year contract, the Swedish athlete will wear Cutter & Buck golf and lifestyle apparel exclusively for all professional golf tournaments, events and media appearan

Fotoball Sees Q2 Loss as Sales Cut Almost in Half

July 22, 2003

Fotoball USA Inc. reported net sales for the second quarter of 2003 were $7.5 million with a net loss per diluted common share of ($0.02) versus second quarter of 2002 net sales of $14.3 million with a net income of $0.12 per diluted common share. The co

NRF: Back-to-School Spending to Top $14 Billion

July 22, 2003

Consumers are planning a trip back to the stores before sending their children back to school this year, according to the findings of a new National Retail Federation (NRF) survey. The NRF 2003 Back-to-School Consumer Intentions and Actions Survey

Next, Inc. Locks Up Major Shareholders

July 22, 2003

Next Inc. has announced that its significant stockholders (representing approximately 63% of total shares of common stock outstanding as of July 22, 2003) have entered into lock-up agreements with each other and the Company restricting their ability to se

Coleman Reaffirms Termination of Fleetwood License

July 22, 2003

The Coleman Company, Inc. said that it stands by its announcement Monday that its licensing agreement with Fleetwood Enterprises, Inc. has been terminated, and disagrees with Fleetwood's position expressed in a company press release late Monday…

Here Comes That Upstream Inventory Effect…

July 21, 2003

We speculated just a few weeks ago (SEW 0325) about the effect the apparent climb in Q1 retail inventories would have on results for the vendors as we moved into the calendar second quarter. After reviewing the first of the vendor Q2 reports released this

Carrefour Extends License Agreement with Cherokee

July 21, 2003

Cherokee Inc., a marketer, licensor and manager of a variety of brands it owns and represents announced that Carrefour S.A. has elected to extend its agreement for the Cherokee brand for an additional three years…

Vans Unloading Skateparks, But Inventory Builds on Weaker Sales…

July 21, 2003

VANS shares jumped more than 7% on Friday, recovering a bit to show a 5.2% decline for the week after the company announced fiscal 2003 fourth quarter results that included a $10.5 million pre-tax charge for the termination of a number of skatepark leases

Timberland Falls on Back Half Caution…

July 21, 2003

Timberland matched analysts’ estimates for the second quarter, helped by strong sales of hiking boots and outdoor apparel, but sounded a cautionary tone about the company’s second half prospects…

New Brands Keep Huffy Alive…

July 21, 2003

Huffy Corporation chairman and CEO Don Graber pointed to the Gen-X acquisition and new customers in its service business as the key drivers for the sales and earnings growth for the second quarter. That left little positive for the company’s bike and tea

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