SGB Update

The Walking Co. Starts Closing 29 Doors

Store closing sales have started at 29 Walking Company Stores. One store operating as Alan's Shoes in Tucson, Arizona is also closing. The United States Bankruptcy Court in California approved The Walking Company selection of Hilco Merchant Resourc

Russell Promotes Flowers to Human Resource SVP

The Board of Directors of Russell Corporation announced that Ed Flowers has been elected senior vice president of human resources. Flowers, who joined Russell earlier this month, will be responsible for the overall human resources function for the Corpor

Huffy Signs Japan Golf Licensee

Huffy Corporation has signed a licensing agreement with California-based CACOS Sports Equipment to design, manufacture, market and distribute Tommy Armour, Teardrop and Zebra branded golf clubs and accessories in Japan…

Wilson Promotes Shultz and Vietze to Regional Managers

Former Wilson Racquet Sports Territory Managers, Steve Schultz and Robert Vietze have been promoted to Regional Sales Managers in the West and Northeast, respectively. Jeff Adams remains the Southeast Regional Manager. The three will report to Charlie O

Nautilus Sees Q2 Net Income Plunges 82% on 28% Sales Slide

The Nautilus Group Announces announced second quarter net sales were $100.6 million compared to $140.4 million for the corresponding period last year. Net income during the period was $4.7 million, or $0.14 per diluted share, compared to $25.8 million, or

LaCrosse Industral Sales Erase Nice Q2 Gains at Danner and LaCrosse

LaCrosse Footwear, Inc. reported consolidated net income for the second quarter was $0.004 million, or $0.00 per share, compared to a loss of $3.8 million, or $0.64 per share in the second quarter of the prior year. Total net sales decreased 6.9% to $18.

Aldila Q2 Net Loss Triples on 6.6% Sales Decline

Aldila, Inc. reported net sales of $9.9 million for the second quarter ended June 30, 2003, compared to net sales of $10.6 million in the second quarter of 2002. The company reported a net loss of $471,000 ($0.10 loss per share) for the second quarter of

West Marine July Comps Inch Up 1.0%

West Marine, Inc. reported that net sales for the four weeks ended July 26, 2003 were $76.1 million, a 28.5% increase from net sales of $59.2 million for the same period a year ago. Comparable store net sales for the four weeks ended July 26, 2003 increas

Be One Announces New German Strategy

After the separation from the German company Faggin, Dutch Accell Group Brand, Be One Bikes, will enter the German market direct…

The Bon-Ton Proposes Elder-Beerman Merger

The Bon-Ton Stores, Inc. on Tuesday announced that it had submitted a proposal to the board of directors of The Elder-Beerman Stores Corp. that provides for a combination of the two companies in which all Elder-Beerman shareholders would receive $7.00 per

Saucony Q2 Net Income Jumps 44% as Sales Slip

Saucony announced net income for the second quarter increased 44% to $2.2 million while net sales decreased 5.5% to $34.5 million. Domestic net sales decreased 7% to $27.2 million. The net income jump was primarily driven by a 500 basis points increase

Brooks Sponsors Hanson Original Distance Project

Brooks Sports was awarded the exclusive footwear and apparel sponsorship by Kevin and Keith Hanson of the Hansons Original Distance Project. This venture is dedicated to reviving the United States as a powerhouse in long-distance running…

GSIC Issues Stock Against Warrants

GSI COMMERCE announced that it has issued 1.65 million shares of GSI Commerce common stock to Interactive Technology Holdings, LLC “ITH”, a joint venture company owned by Comcast Corporation and QVC, Inc. in exchange for warrants held by ITH to purchase 4

Reebok Puts Its Stamp on the Specialty Market…

The award for analyst bad timing has to go to Merrill Lynch who last week downgraded shares of Reebok from BUY to NEUTRAL, citing “the possibility of increased inventory and a growing risk from its increased presence at Foot Locker” as reported by Dow Jon