SGB Update

SGMA: Spending for Athletic Footwear Rose 2.5% in 2002

U.S. consumers purchased nearly 7% more pairs of athletic footwear in 2002 than in 2001, but the average price paid per pair fell by 4.2%. The result was that total spending rose only 2.5%, according to research by The NPD Group…

GBMI Gets Attitude With Pony Acquisition Deal

Rumors have been flying for weeks about a mysterious “Brand Six” that was about to be added to the stable at GBMI. Speculation ran from GBMI buying an athletic performance brand to acquiring a skate shoe company. A section of their new headquarters in S

Fila Narrows 2002 Loss on 7.0% Sales Decline

Fila Holding S.p.A. reported a 2002 full year net loss of $76.4 million compared with $125.2 million in 2001. Worldwide revenues for the year decreased by 7% to EUR 909.5 million and were flat when expressed in terms of constant exchange rate and continu

Coastcast 2002 Loss Expands 352% as Sales Drop 46%

Coastcast Corporation reported sales for the year ended December 31, 2002 were $62.4 million vs. $115.5 million in 2001. The 2002 net loss was $10.4 million vs. a loss of $2.3 million in the prior year. Diluted loss per share was ($1.36) vs. ($0.30).

PacSun February Comps Grow 14.8%

Pacific Sunwear of California Inc. reported that same store sales increased 14.8% for the comparable four-week period ended March 1, 2003 with PacSun same store sales up 10% and d.e.m.o. same store sales up 49%…

Pacific Sunwear 2002 Profits Surge 80% on 24% Sales Jump

Pacific Sunwear of California Inc. reported total sales for fiscal 2002 increased 23.6% to $846.4 million. Same-store sales increased 9.7% for the comparable 52 week period ended Feb. 1, 2003. Net income for fiscal 2002 increased 80% to $49.7 million, o

Nike Rounds Up Support in Free Speech Fight

The Bush Administration, the ACLU, the AFL-CIO, European entities, and dozens of media organizations have joined forces in urging the U.S. Supreme Court to reaffirm the First Amendment right to free and open debate and to overturn an unprecedented Califor

Lauderdale Lakes Leaders Cope with Loss of Sports Authority HQ

This city is dusting itself off again from the loss of another major business, this time the corporate headquarters for Sports Authority. The Lauderdale Lakes-based sporting goods company that began in 1987 announced last week it would merge with Color

GBMI Gets Attitude in New Pony Deal…

Rumors have been flying for weeks about a mysterious “Brand Six” that was about to be added to the stable at GBMI. Speculation ran from GBMI buying an athletic performance brand to acquiring a skate shoe company. A section of their new headquarters in S

Puma Grows U.S. Business 70% in Q4…

Puma shares rose just 1.3% for the week after another extraordinary report on fourth quarter and full-year 2002 sales and profits. The limited rise in price was due no doubt to the fact that the stock rose 91% last year and the benefit this last week was

Nike Renews Monitoring Group Deal…

Nike’s plan to renew its funding for a group that is charged with monitoring its factory policies and conditions raises a number of questions about how independent – and effective – such groups can be in their pursuit of fair treatment for millions of fac

Brown Shoe Sees IMPACT of Initiatives…

Brown Shoe Company announced dramatically higher earnings for fiscal 2002 as a direct result of management’s turnaround initiatives. With the effects of nonrecurring gains and nonrecurring losses factored out, the company's earnings rose 56% for the

Creditor Takes Lead in Cannondale Bid…

Cannondale’s creditors weren’t happy with bankruptcy proceedings on Friday that saw the appointment of one the company’s largest creditors, Pegasus Partners II, as the “stalking horse” in auction proceedings scheduled for March 20, 2003 Company assets…