SGB Update

Skechers Is Up in All the Wrong Places…

Shares of Britney’s favorite brand plunged 21.4% to close at $6.74 on Friday after the fashion footwear company reported sharp declines in sales in the second quarter and a loss of over $2 million compared to profits of over $21 million in the year-ago p

ITF Responds to Old Pros’ Demands…

Francesco Ricci Bitti, president of the International Tennis Federation, responded to a letter circulated at Wimbledon by John Barrett and John McEnroe. The original letter (SEW 0328) claimed that the new school of tennis was becoming “unbalanced and one

Coleman and Fleetwood in License Row…

One report after another came over the newswire concerning Coleman and Fleetwood’s folding R.V. trailer licensing deal. First, Coleman announced they would be terminating their licensing agreement with Fleetwood on May 12th 2003. Next, Fleetwood filed s

Columbia’s Taps Footwear for Q2 Gains…

Columbia Sportswear saw U.S. sales grow just 4.1% in the second quarter, but strength in the footwear category and surging International sales are indicators of an improving overall business that should see the company level out its business across the ca

The North Face Sees Outdoor Insulated from Retail Downturn…

VF Corp., parent company to The North Face, Eastpak and Jansport is looking to its Outdoor Coalition to post any good news for the quarter after VFC reported that earnings shrunk 15.7% to $74.9 million, or 68 cents per share…

Deckers Latest to See Consumer-Direct Opportunity…

Shares of the parent company to Teva, Simple and Ugg hit a new 52-week high on Thursday before settling down to close at $6.92 on Friday, up 2.5% for the week. The surge was in response to a pretty solid second quarter report that saw sales increase 8.8%

Johnson Outdoors Sees Fiscal Q3 Upside From Military Buildup…

Johnson Outdoors shrugged off the potential after-affects of the recall of one of its dive computers and the potential loss of an important military contract in its Outdoor Equipment Group to see shares surge 10.1% for the week to close at $15.52 on Frida

Galyan’s Fills Open COO Role…

The retailer that call itself the “Nordstrom of sporting goods” looked to Bloomingdales instead for a president & COO, a role left vacant since Joel Silverman’s departure in March of last year. Ed Holman was appointed to the post last week after resignin

Specialty quick Hits

Accell Group reported an increase in total sales…AG has already announced that they are negotiating the purchase of the Finland’s, Tunturi, described by AG as the leader in Finland’s bicycle market…Be One Mountain Bikes Gains Independence through lice

Fotoball Suitor Makes Non-Cash Offer to Acuire Firm

Fotoball USA Inc. has received a non-cash offer from a third party for the acquisition of the outstanding shares of Fotoball common stock at a price in excess of their current market price…

Burlington to Accept WL Ross Acquisition Offer

Burlington Industries, Inc. on Friday announced an agreement with WL Ross & Co. LLC by which Ross' $608 million acquisition proposal has been designated the highest and best of several bids received in connection with the sale process approved last M

Amer Group Sees 2003 Operating Profits Off 30-40%; Sales Flat

Amer Group has issued downward guidance for full year 2003, citing continuous weak demand for sports equipment in the USA. The company pointed out golf equipment sales that have been below expectations. Amer Group's net sales for 2003 as a whole are