SGB Update

Antigua Completes Sale to Ashley NA

Antigua Enterprises Inc. has completed the $10.25 million sale to Ashley NA, LLC of Antigua's common and preferred shares representing a controlling interest in Antigua. Ashley is owned by Sports Soccer Limited, which owns the Sports Soccer and Lill

Aldila Q1 Loss Narrows on 10% Sales Decline

Aldila Inc. net sales for first quarter fell 10.5% to $10.2 million as the net loss narrowed 15% to $169,000 ($0.03 per share) for three months ended March 31, 2003.

Saucony Doubles Q1 Profits on 12% Sales Gain

Saucony, Inc. announced net sales for the first quarter of 2003 increased 12.3% to $39.1 million compared to $34.8 million in the first quarter of 2002. Net income increased 100% to $2.6 million, or $0.42 per share on a diluted basis, compared to net inco

Aussie Apparel Adds Canadian Distributor

Aussie Apparel Group Ltd. announced that it has engaged NRI Distribution Inc. of Kamloops, British Columbia to handle the distribution of Aussie Apparel's Hot Tuna and Xisle brands in Canada. Aussie Apparel also announced that it has hired two new s

West Marine April Comps Decrease 11.5%

West Marine, Inc. reported that net sales for the four weeks ended April 26, 2003 were $60.0 million, a 14.0% increase from net sales of $52.7 million for the same period a year ago. Comparable store net sales for the four weeks ended April 26, 2003 decre

Greg Norman Collection Appoints Europe GM

Suzy Biszantz, President of Greg Norman Collection, announced the appointment of Tony Wilkinson to General Manager for the UK and Europe, responsible for the Greg Norman Collection and Reebok Golf…

Rawlings Acquires ABC Helmet Company

Rawlings Sporting Goods Company Inc. has signed a definitive agreement to acquire certain assets of the ABC Helmet Company. The cash transaction is expected to close in the third quarter and is intended to help build on Rawlings' strength as the num

Foostar Delays 10-K Filing — Again

Footstar, Inc. said Wednesday that it would not file its Form 10-K for the fiscal year ended December 28, 2002 by April 30, 2003, as previously expected, because its financial statements continue to be under review by the company's external auditors,

Buy.com Launches Online Sports Store

Buy.com Inc. announced that it has significantly expanded its product offering by launching a Sports Store, giving customers access to 65,000 new products from top brand names in the sporting goods marketplace. The Sports Store will offer Wilson, Adidas,

Nautilus Q1 Net Income Down 43% on 4% Sales Dip

The Nautilus Group, Inc. reported net sales of $129.4 million for the first quarter ended March 31, 2003, compared to $135.9 million for the corresponding period last year. Net income for the quarter was $13.7 million compared to $24.0 million in the firs

Gander Mountain in Alliance with Arctic Cat

Arctic Cat Inc. has formed a new alliance with sporting goods retail giant, Gander Mountain. Gander Mountain's newly-opened Geneva, Ill., store will offer the full line of Arctic Cat ATVs, as well as genuine parts, garments and accessories…

GSI Commerce Posts $5.5 Million Loss on 5% Comp Increase

GSI Commerce reported net revenues for the first quarter fiscal 2003 were $48.9 million for the first quarter of fiscal 2003, which represents a 53.1% increase compared to net revenue of $31.9 million for the first quarter of fiscal 2002. Comparable store

Phoenix Footwear Q1 Profit Down 38% on 15% Sales Decline

Phoenix Footwear Group, Inc. announced net sales for the first quarter ended March 29, 2003 totaled $9.2 million versus $10.8 million for the first quarter of 2002. Net income for the quarter was $375,000 versus $605,000 for the year-ago quarter and earn

Spiegel to Close 60 Eddie Bauer Stores

The Spiegel Group announced its intent to close 60 under-performing Eddie Bauer stores as an integral part of a multi-phase reorganization process. These stores will remain open for business pending approval of the store- closing plan by the Bankruptcy Co

OP Signs Infant Furnishings License

Ocean Pacific Apparel Corporation announced it has formalized a licensing agreement with California-based Crown Crafts Infant Products, Inc., a leading infant furnishings and accessory veteran with 25 years in the business and established department, mass