SGB Update

Despite the abundant snowfall in many parts of the U.S. this winter, chain store sales were still down 4.6%
for August through January compared to the same period of 2002. In dollars, that translates to $372.2 million in sales so far this year compared t

MOSA Sports of Hermosa Beach, Calif., Tuesday recalled 1,250 Five 40 brand bicycle helmets because they failed Consumer Product Safety Commission impact tests. The recalled helmets are black, white or red, and have the name “Five 40” printed on the front

Pacific Cycle, maker of Schwinn, GT and Mongoose bikes, is continuing its expansion in the recreation and fitness category with the acquisition of Minnesota-based InSTEP, the nation's leading producer of jogging strollers and bicycle trailers. The de

The Spiegel Group Monday announced that, in order to address its financial and operational challenges, the company and its principal operating subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in t

Callaway Golf Company announced Monday that Japan-based golf club sellers Kabushiki Kaisha Maruzen (“K.K. Maruzen”) and Kabushiki Kaisha Seima (“K.K. Seima”) have agreed to immediately cease the sale of their “White Shot New Wave Twin Ball” putter and to

Liquidation sales at Cutter & Buck's retail stores lifted winter revenues, but store-closing costs and legal expenses weighed down the company’s fiscal Q3 results.
Cutter & Buck said in December that it would close all 14 of its retail stores to fo

Rawlings shares closed down 12.1% for the week to close at $7.70 on Friday after K2’s CEO said that certain conditions of its proposed deal to buy Rawlings Sporting Goods Inc. had not been met.

While other retailers complained that a real winter season kept consumers inside during much of the fourth quarter, Dick's Sporting Goods took the opportunity to keep goods flowing into – and out of – its stores…

Shoe Carnival didn't let a little thing like soft comps hold back their hard-charging ways. Even though sales were soft for the quarter, profits soared 44% in Q4.
SCVL same-store sales were down 3.9% for Q4 and dipped 0.4% for the year. Comp sales

Consolidated net sales for the adidas-Salomon Group grew 7% to reach €6.5 billion ($6.8 billion) in 2002. On a currency-neutral basis, sales were up 11%…

Huffy Corporation has finalized a $15.0 million subordinated term loan with Ableco Finance LLC, a fund affiliated with Cerberus Capital Management, L.P., and Congress Financial Corporation. The loan, repayable on its March 13, 2008 maturity date, is pegge

Quiksilver, Inc. has taken steps to broaden its global brand reach even further with the announcement last week of a joint venture with a Chinese company to manage retail stores and distribute ZQK brands in the Peoples Republic of China…

Skechers Inc. filed a lawsuit in a federal court in Los Angeles against singer Britney Spears and her companies, alleging fraud and breach of contract…

Antigua Enterprises Inc. will sell to Ashley NA, LLC, a company owned in common with the Sports Soccer and Lillywhites chains of sporting goods stores in the U.K., a controlling interest in the company for $10.25 million…