SGB Update

The man that some called the most influential man in sports over the last half century succumbed Friday, four months after suffering a heart attack…

It feels good to report positive news in the golf business even if it does not spell long-term relief for the beleaguered sector. The better news is that of a U.S. company capitalizing on increased exports to build sales.
True Temper Sports shook off the

Columbia Sportswear reported on Friday that 2,900 imitation Columbia Sportswear jackets were destroyed in Holland after a lengthy legal process in Dutch courts. The jackets were originally seized in November at the Port of Rotterdam enroute to Germany fr

Kellwood Company will be developing an urban athletic line of apparel for Run Athletics, LLC, a brand created and owned by Reverend Run, founder of Run DMC, and his brother, entrepreneur Russell Simmons…

Quiksilver, Inc. upped its estimates for the second quarter 2003, now expecting sales to range between $257 million and $259 million, compared to $187 million for the same period last year…

Fila has extended its endorsement agreement with baseball star Barry Bonds through 2006. The deal extends the company’s relationship with the future Hall of Famer through 2006 and supports it continued commitment to the cross training category…

Pop diva Britney Spears and Skechers USA have settled their respective actions against each other in a deal approved last week by a federal judge in Los Angeles.
The terms of the settlement deal were not revealed…

As K2 and Russell push back from the table to digest their recent acquisitions, the consolidation wave in sporting goods continues unabated as Escalade Sports moved last week to acquire the assets of North American Archery Group LLC out of bankruptcy cour

A study released last week estimates that 2003 online retail sales in the U.S. could grow 26% to about $96 billion. NRF’s online group, Shop.org and Forrester Research conducted the survey of more than 130 retailers, reporting that online retail sales ju

• Stores average 5951 square feet. Stores opened during 2003 averaged 4800 square feet.
• Now plans to open 50 doors in 2004. This will result in an increase in square footage of 7% – 8%.
• Typical store carries 600-700 styles and 10,000+ pai
  

• Total sales $271 mm, up 20%, or $45 mm from Q1 2002.
• International increase was $33 mm, of which $18 mm was attributable to foreign exchange rates.
• At constant currency, growth was up 12%.

• Domestic (wholesale) sales were $147 mm vs. $185 mm in Q1 2002, declining to 71% of total sales from 76% in the year-ago quarter.
• Expect to open 25-30 new doors in 2003, six of which have been opened to date.
• Expect Q2 sales to be $200 mm
  

• Sold 4.5 mm pairs in the quarter.
• Average selling price decreased to $24.71 from $25.20 in Q1 2002.
• Classics business increased 58%.
• Margins decreased to 43.5% from 44.7 % due to “recognition of guaranteed royalty payments to National
  

• Average store is 11,600 sf, with $2.7 mm annual sales and has 30,000 pairs of shoes in inventory.
• Plans to open 40 doors in 2003 and expand at 20% per year thereafter. All stores are leased.
• Focused on growing Women’s non-athletic.

• Journey’s is 53% of total net sales and 64% of profits. Operating margins at Journey’s is 12.2%, down from 13.6% in Q1 LY. 2003 comps were flat.
• Journey’s operates 579 stores, averaging 1600 square feet.
• Average selling price decli