SGB Update

The U.S. Bankruptcy court last week weighed arguments from Footstar, Inc. and the lawyers representing the Unsecured Creditor’s Committee regarding competing bids for the assets of the company’s remaining Footaction stores. Footstar was urging the Court

Analysts appeared to have a different take on Timberland’s first quarter results and future outlook, but those looking at the company in a more positive light gave the company a boost on the street as TBL shares hit a three-year high for the week, closing

Shares of Reebok International stock fell 9.1% for the week to close at $38.40 on Friday after the company pointed to a tough International business, bankruptcies at Footstar and a large Italian retailer, slower basketball and walking sales, and a branded

Don Ruttenberg, former EVP of Just for Feet and son of the retailer’s founder, entered his guilty plea Thursday on charges of conspiracy to commit securities fraud, wire fraud, and submitting and making false statements to the retailer’s auditors. Seven

Oakley saw its third straight quarter of earnings growth and is looking at improved sell-through trends of new sunglass styles and lower inventories at Sunglass Hut as the basis for an upward revision of its sales and earnings guidance for the year…

K2 Inc. sees flat markets in all of its product categories with the exception of paintball, forcing the company to fight a market share battle for most of its acquired brands while squeezing out incremental profits through its own manufacturing capabiliti

PUMA AG has kicked off another strong year, posting a consolidated net sales increase of 29.3% to €443.8 million ($554.4 mm) versus €343.2 million ($368.2 mm) last year. On a currency-neutral basis, sales were up 33.2%. Net earnings were up 64.6% to €80.4

Wolverine World Wide is tapping into the FX rate upside of the European market in its Merrell business while it repositions Sebago and Hush Puppy for accelerated growth. WWW saw revenues for the first quarter increase 17.4% to $224.9 million from $191.5

SIA released its second-to-last retail audit, which measures key product sales at specialty and chain stores through the end of February 2004. Overall sales for the entire winter sport market increased slightly by 1.4% in dollars to $2.06 billion for Aug

Gander Mountain came out strong in its Initial Public Offering last week, posting a share price increase of nearly 51% for the week to close at $24.10 on Friday. The IPO was priced at $16 on Wednesday and raised $91.6 million before fees and will clear $

Pacific Sunwear of California, Inc. has hired C. Joseph Harris to the position of Vice President of Sourcing and Production. Mr. Harris will be responsible for the sourcing and production of all private label merchandise for PacSun and d.e.m.o., which acc

Fortune Brands reported its fourth quarter in the row of top line growth for its Acushnet Golf division, which includes the Titleist, Cobra and FootJoy brands, as first quarter sales increased 20% to $338.9 million from $282.4 million in the year-ago peri