SGB Update

Luxottica Group Signs License for Versace Brands

Luxottica Group S.p.A. and Versace Group jointly announced the signing of a worldwide license agreement for the design, production and distribution of Versace, Versus and Versace Sport sunglasses and prescription frames…

Analysts Take Big 5 Down on Negative News

Shares of Big 5 Sporting Goods Corp. were down 5.6% Wednesday on news released a day earlier (Story) that the-largest-sporting-goods-retailer-on-the-west-coast cut its profit outlook for its fourth quarter

Royal Precision Cuts Second Quarter Losses

Royal Precision Inc. continues losing money, but the maker of golf club shafts and grips managed to cut its losses in the quarter ending Nov. 30 by almost two-thirds thanks to a 23% jump in sales…

Frisby Files For Bankruptcy Protection

Frisby Technologies, Inc. announced that it has filed a voluntary petition for Chapter 11 reorganization with the U.S. Bankruptcy Court for the Middle District of North Carolina…

Smith and Wesson Signs Japan Apparel License Deal

Smith & Wesson Holding Corporation announced its newest licensing agreement with Nissho Iwai General Merchandise Corporation of Japan for the design, manufacture and distribution of men's and women's apparel that will bear the Smith & Wesson nam

Speedo Parent Bankruptcy Reorg Plan Accepted

The Warnaco Group, Inc., parent of apparel brands Speedo and Authentic Fitness, announced that the U.S. Bankruptcy Court for the Southern District of New York confirmed its Plan of Reorganization on Thursday…

The Sportsman’s Guide 2002 Results to Exceed Estimates

The Sportsman's Guide, Inc. announced that the Company will report total sales in the range of $65 to $66 million and net earnings per share of $0.50 to $0.52 for its fourth quarter ended December 31, 2002…

Sears 2002 Per Share Earnings Jump 91.5%

Sears, Roebuck and Co. reported net income was $1.4 bn, or $4.29 per share, for 2002 as compared to $2.24 per share last year. Reported fourth quarter 2002 net income, including the non-comparable items, was $848 million or $2.67 per share, compared with

Federated Predicts a Flat 2003

Federated Department Stores, Inc. provided preliminary earnings guidance for fiscal 2003, which will be further refined with the conclusion of fiscal 2002 and when year-end earnings are released on February 25…

Tecnica to Establish Nordica Subsidiary in U.S.

Upon finalization of the sale of the Nordica brand from Benetton to the Tecnica Group on February 1, 2003, Nordica will establish an independent subsidiary in the USA…

Big 5 Backs Off Q4 Expectations

Big 5 Sporting Goods backed off earlier earning per share guidance and saw fourth quarter same-store sales soften. The largest-sports-retailer-on-the-west-coast now expects Q4 GAAP-calculated EPS in the to be $0.38 to $0.40 range versus the $0.42 to $0.4