SGB Update

Deckers Q1 Earnings Double as Sales Increase 9.0%

Deckers Outdoor Corporation announced first quarter net sales increased 9% to $36.1 million versus $33.3 million in the same period last year. Net earnings for the quarter increased to $4.2 million compared to earnings before a cumulative effect of change

Johnson Outdoors Q1 Results Tempered by Wolfskin Exit

Johnson Outdoors sales decreased 15% to $83.3 million and operating profit declined 26% to $6.1 million compared with last year's second quarter that included the Jack Wolfskin business. Income from continuing operations increased 10% to $4.3 millio

K-Swiss Q1 Earnings Up 41% on 44% Sales Gain; Backlog Surges 63%

K-Swiss Inc.reported that net earnings for the first quarter of 2003 increased 41.1% to $13.6 million, or $0.72 per diluted share, compared to the prior-year period. Total worldwide revenues increased 43.7% to $115.9 million compared with $80.7 million i

Reebok Q1 Net Income Up 9% as Sales Growth Slows

Reebok International Ltd. reported net income for the first quarter ended March 31, 2003 of $41 million, or $.63 per diluted share, an earnings per share increase of 9.0% when compared to Q1 last year. Net sales for the quarter were $798 million, an incr

GolfGear International Names Three New Sales Reps

GolfGear International has appointed three new sales reps, all veterans of the golf industry. Chris Holiday, senior vice president of sales and marketing, annonced the additions. Bill Blake will cover North Carolina, Ken Dudley will be responsible for C

Skechers Q1 Profits Plummet on Lower Sales, Higher Inventories

Skechers USA, Inc. reported net sales for the first quarter of 2003 totaled $208.6 million compared to $244.9 million in the first quarter of 2002. Net earnings for the quarter were $8.5 million versus $20.3 million in the first quarter of the prior year.

Columbia Q1 Profits Jump 66% on Strong Footwear, Sportswear Sales

Columbia Sportswear announced net sales of $168.9 million for the first quarter ended March 31, 2003, an increase of 17.9% over net sales of $143.3 million for the same period of 2002. COLM reported $14.9 million in net income for the quarter, a 65.6% in

Hibbett Promotes Kowal to Vice President

Hibbett Sporting Goods, Inc. announced Steve Kowal has been promoted to Vice President, Construction and Property Management. Mr. Kowal was previously Director of Construction and Property Management for HIBB…

Coastcast May Be Latest to Go Private

Coastcast Corporation reported that the Company's board of directors voted Thursday to establish a special committee of the board to consider whether it is in the Company's best interests to remain an independent publicly-traded company, and to

Luxottica Q1 Net Income Down 35% on 20% Sales Decline

Luxottica Group S.p.A. announced consolidated net sales for the first quarter of 2003 declined 20.0% to euro 704.5 million. Assuming constant exchange rates, consolidated net sales for the quarter would have declined by 6.6%. Wholesale sales declined 15

Brunswick Q1 Earnings Up 47% on 8% Sales Gain

Brunswick Corporation saw a 47% increase in diluted earnings per share in the first quarter of 2003 to $19.8 million, or $0.22 per diluted share, in line with previously announced expectations. For the quarter ended March 31, 2003, the company had net s

Rocky Halves Q1 Loss on Stronger Brand Sales

Rocky Shoes & Boots, Inc. reported the net loss for the three months ended March 31, 2003 decreased to $622,569, or $0.14 per diluted share, compared with a net loss of $1.2 million, or $0.27 per diluted share, for the same period last year. Net sales im

Kmart Reorg Plan Approved, Will Exit Chapter 11 May 5th

Kmart Corporation announced that the U.S. Bankruptcy Court entered an order Tuesday evening confirming the company's First Amended Joint Plan of Reorganization, as modified. With this and other actions, Kmart is set to complete its “fast-track” reor

SGMA Coordinating Sporting Goods Donations for Iraq, Afghanistan

Sporting goods are headed to Afghanistan and Iraq – earmarked for the children. SGMA International, World Vision and AmeriCares are making it happen! SGMA International is notifying the sports industry about this effort and World Vision and AmeriCares a