SGB Update

Brown Shoe Company, Inc. reported an 18% increase in net earnings to $9.0 million, and a 14% gain in diluted earnings per share to $0.49, for the first quarter of fiscal 2003 ended May 3, 2003. This compares to net earnings of $7.6 million, or $0.43 per

The Upper Deck Company LLC announced Thursday the signing of hoops phenom LeBron James, one of the most highly-touted young talents in basketball history, to his first professional sponsorship deal…

ShopKo Stores, Inc. announced sales and earnings for the first quarter ended May 3, 2003. Consolidated sales were $707.9 million compared with $728.8 million for the same period last year. Comps decreased 2.7%. Net loss for the quarter was $1.1 million

It appears that Oaktree Capital and management at the former Spalding Sports Worldwide have made the decision to stay in the golf ball business. The new Top-Flite Golf Company takes the name of the remaining company’s number one brand in revenues and pro

Sport-Haley, Inc. rode the success of its Ben Hogan apparel brand to a 26% increase in sales for the fiscal third quarter ended March 31, 2003, while narrowing its quarterly loss by 75% in the process…

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