SGB Update

Sports Supply Swings to Q3 Loss on Team Dealer Closures

Sport Supply Group, Inc. reported that net sales for the third quarter ended September 26, 2003 inched up 1.4% to $25.9 million from $25.5 million in the year-ago period. During the quarter, SSPY began closing certain of its team dealer operations — inc

Footstar Board: Robinson Terminated for Cause

It turns out that some message boards actually get it right sometimes as Footstar, Inc. announced that the Company's Board of Directors has determined that Mr. Mickey Robinson, the Company's former CEO, was terminated for cause. The Board'

True Temper Ride Steel Shafts to 53% Q3 Profit Gain

True Temper Sports, Inc. announced net sales for the third quarter increased 12.1% to $24.7 million from $22.0 million during the third quarter of 2002. Net income for the quarter increased to $2.3 million from $1.5 million in the third quarter of 2002…

Texas Pacific to Acquire Sneaker Outsole Supplier

Texas Pacific Group will acquire the KRATON Polymers Group of Companies from Ripplewood Holdings LLC and other i a deal valued at $770 million. KRATON is the world's largest producer of styrenic block copolymers, a family of products used in adhesiv

Antigua YTD Falls 39% on 3.3% Sales Decline

Antigua Enterprises Inc. reported that net sales for the nine months ended Sept. 30, 2003 declined 3.3% to $29.7 million compared to $30.7 million in 2002. Net income declined 38.7% to $674,228 compared to $1,098,992 in 2002…

Canari Appoints New Reps

Canari Cycle Wear has appointed new sales representatives. Jeff Stewart is the new Canari rep for Texas, Oklahoma, Arkansas and Louisiana and Jim Rasmussen is the new Canari rep for Orange, San Bernadino, and San Diego counties in California…

adidas Admits to U.S. Missteps, Looks to Future…

As is any twelve-step process to recovery, it’s important first to admit that you have a problem. adidas-Salomon management believes they know what they need to do to fix the weakened U.S. adidas brand business, including a major branding campaign and a

LaCrosse Repositioning in Full Swing…

LaCrosse Footwear, Inc. continued its move to reposition the company away from higher volume/lower margin sales to a long-term strategy of delivering more innovative product to their retail channel, including the addition of more lifestyle product. Stron

Airwalk on the Auction Block…

In documents obtained by Sports Executive Weekly last week, it was revealed that Airwalk International, LLC has seen its banker — and largest secured creditor — take foreclosure action against the company in an effort to recoup its losses…

Sport Chalet Has Largest Gain in Years…

Sport Chalet posted its highest comp store sales gain since fiscal fourth quarter of 2001 when it reported an 11.3% comp store gain, and the first Q2 positive gain in three years as it capitalized on the growth in newer stores to show a nice 3.7% gain in

Bear Stearns Reveals the Real Skinny on the CamelBak Deal…

In a story first reported in SEW’s sister publication, The B.O.S.S. Report last Monday, Bear Stearns Merchant Banking confirmed Thursday that they have purchased CamelBak Products, Inc. from Kransco Group owner John Bowes’ family in a $210 million all-cas

Hockey Co. Sees Tough U.S. Market…

The Hockey Company Holdings, parent of the CCM, JOFA and KOHO brands, rode stronger equipment sales and some foreign exchange rate gains to higher earnings for the third quarter ended September 30, 2003. The new Canadian holding company reports figures i

Hall of Fame to Honor Three More…

The Sporting Goods Industry Hall of Fame has selected Jim Chick, Phil Knight and Jerry Turner as the three newest members of the industry’s most exclusive club. The induction ceremonies will be conducted at the NSGA’s Annual Management Conference & Team

Everyone’s Got the Outdoor Retail Bug…

Sportsman’s Warehouse of Midvale, UT is planning to open 30 stores in 12 states by the end of next year. This aggressive growth strategy will almost triple the current square footage of the company – bringing it to 48 storefronts from 18 currently…

NRF Report Sees Upbeat Retail Execs…

The latest Executive Opinion Survey conducted by the National Retail Federation (NRF) and the Bank of Tokyo Mitsubishi Ltd. (BTM) indicates that retail executives are buying into the strengthening economy, spiking the Retail Sector Performance Index due t