SGB Update

adidas has signed six-time NBA All-Star Kevin Garnett of the Minnesota Timberwolves to a lifetime endorsement deal. Along with the reigning two-time MVP, Tim Duncan, and the reigning NBA scoring champion, Tracy McGrady, Garnett gives adidas three of the f

Russell Corporation beat street earnings expectations for the seventh straight quarter last week, posting net income of $4.7 million, or 20 cents per share, compared to a loss of $6.1 million, or 19 cents per share in the year-ago quarter. Excluding char

The latest deal to snag Worth Inc., which expands the K2 stable to 16 brands, is a strong complement to the April purchase of Rawlings. Worth should benefit quickly from K2’s manufacturing capabilities, while K2 benefits from Worth’s bat-making prowess..

K-Swiss Inc. saw shares increase 5.4% for the week to close at $37.12 on Friday after the company posted second quarter net income that more than doubled from a year ago and beat the street’s consensus earnings estimate of 65 cents a share. KSWS also rai

Reebok International Ltd. last week said it will declassify its board of directors, reacting to a non-binding resolution offered at its last annual meeting. The company said its board will be declassified over three years as each director’s three-year te

LaCrosse Footwear, Inc. was able to eke out a slight profit for the second quarter compared to a loss of $3.8 million fro the year-ago period. Consolidated net sales decreased 6.9% to $18.6 million from $20.0 million in the second quarter of 2002…

After the Myanmar regime placed Nobel Laureate Aung San Suu Kyi under house arrest, the U.S. House of Representatives passed a bill to place sanctions on any imports from Myanmar, formerly known as Burma.

Saucony relied on a 500 basis point improvement in gross margin to post a 44% improvement in net income and a 40% increase in diluted EPS in the second quarter. However, the improved bottom line masked issues on the top line as sales for the quarter decr

Shares of Big 5 Sporting Goods fell 11.3% for the week to close at $13.70 on Friday after the retailer fell short of Wall Street expectations for the second quarter. Big 5 posted EPS of 28 cents a share for the second quarter, 2 cents lower than analysts

The Motley Fool, an Web-based investor site, is now calling The Sportsman's Guide a “lean, mean moneymaking machine” after the company posted its latest positive results for the second quarter ended June 30th, beating the street estimates by 2 cents

The Nautilus Group may have just been thrown a much-needed life preserver as it continues its downward spiral amid higher ad costs and stiff competition. A U.S. District Court in Washington State last week ruled in favor of the maker of the Bowflex machi

Callaway has settled with another group of defendants in the “Big Easy” knock-off scam. The action came as the result of a court-ordered seizure of the suspected product from Newport Golf in Anaheim, CA in May 2002 that netted 28,000 knockoff club heads

Schoeller Textiles has changed the name of its ComforTemp; Chip Coe added “President” to his Smartwool title; Dahon bicycles sold a record number of folding bicycles so far this year; Tender Corporation and Adventure Medical Kits have gone one step beyond

Gart Sports Company and The Sports Authority, Inc. have completed their merger of equals. In separate meetings held this morning in Denver, CO and Fort Lauderdale, FL, shareholders of both companies approved the previously announced transaction. The marke

We just knew what kind of show WSA was going to be when the first people we ran into in the aisle was an executive team from one of the country’s largest family footwear chains and they had their CFO with them — and he brought his calculator with him…