SGB Update

SGMA Releases 2003 ESPN Sports Fan Poll

Do you want to be the first one on the block to know the stats – on the American sports fan? You can find all this information in the ESPN Sports Poll/SGMA State of Sports Report (2003 edition), released by SGMA International. This survey examines inter

West Marine Appoints Nelson as CFO

West Marine, Inc. has announced that Eric Nelson, vice president — Finance, will be assuming a new role as senior vice president and chief financial officer effective May 7, 2003. Nelson, age 46, joined the Company in March 2000 as vice president and con

K2 Q1 Debt Restructure Sends Profits Down 96%

K2 Inc. reported that net revenues for the first quarter ended March 31, 2003, increased 6.5% to $157.1 million from $147.5 million in the yea-ago period. Net income in the quarter was $137,000, or $0.01 per diluted share, after an after-tax charge of $0

Callaway Rides Exchange Rates to Higher Q1 Sales, Profits

Callaway Golf Company has announced its financial results , announcing a 42% year-over-year increase in diluted earnings per share on a 6% increase in sales for the first
quarter ended March 31, 2003. The Company reported net sales of $271.7 million, com

Delta Mills Narrows Fiscal Q3 Loss on 13% Sales Gain

Delta Mills, Inc. reported net sales for the quarter ended March 29, 2003 increased 12.9% to $46.5 million compared to net sales of $41.2 million for the quarter ended March 30, 2002. The company reported a net loss of $1.1 million for the quarter compar

Shoe Carnival Issues Warning On Q1 Results

Shoe Carnival, Inc. has announced that due to lower customer traffic, sales for April and the first quarter ending May 3, 2003, are below previous expectations. Consequently, the Company has revised its sales and earnings expectations for the first quarte

GBMI Taps Robert Mangione to Lead Mecca Sales

Global Brand Marketing, Inc. has announced the appointment of Robert Mangione as National Sales Manager for Mecca Footwear. Mr. Mangione joins GBMI with over 15 years of marketing and sales management experience in the athletic footwear arena with positi

Saks, Inc. Appoints Two Parisian Execs

Saks Inc. has announced that David Doub and Kenneth Armstrong will join Parisian's senior management team on April 28, 2003. Doub has been named Senior Vice President/General Merchandise Manager of Ready-to-Wear for Parisian and Armstrong has been ap

adidas Forms New Cycling Unit

adidas-Salomon announced the formation of Mavic-adidas Cycling to manage the Group's road cycling and mountain biking activities in one operational unit. The new unit, Mavic-adidas Cycling, will be responsible for the design, marketing, sales and di

Shoe Show Averages a Store Opening Every Five Days

Back in 1960, Robert Tucker opened a 2,500-square-foot shoe store in downtown Kannapolis.

Today, he reigns over a 644,000-square-foot headquarters in Concord, overseeing a shoe retailing chain with more than 860 stores. Shoe Show Inc. is one of the

Union Files Shareholder Lawsuit Against Perry Ellis

The Union of Needletrades, Industrial and Textile Employees (UNITE) announced Monday it has filed suit against Perry Ellis International, Inc. over the denial of UNITE's rights as a Perry Ellis shareholder…

Eklund Takes Finance Helm at Nike Golf

Nike Golf has announced the appointment of Steve Eklund to Chief Financial Officer of the company. Eklund, a seven-year Nike veteran, previously served as CFO and Chief Operations Officer for Nike ACG before joining Nike Golf in 2002 as Director of Strat

Senior Management to Acquire Varsity Brands

Varsity Brands, Inc. has signed a definitive merger agreement to be acquired by Varsity's Senior Management and a wholly-owned subsidiary of an affiliate of Leonard Green & Partners, L.P. Under the terms of the agreement, Varsity's stockholders

Lack of Cereal Promo Forces Q1 Fotoball Loss

Fotoball USA Inc. reported nets sales of $8.9 million for the first quarter of 2003 and a loss per diluted common share of ($0.03) versus 2002 net sales of $10.7 million and net income of $0.05 per diluted common share. The net loss for the current quart

Delta Apparel Fiscal Q3 Profits Narrow on Reduced Prices

Delta Apparel, Inc. announced sales of $33.9 million for the third fiscal quarter of fiscal year 2003, a 3.1% increase from the prior year third fiscal quarter. Net earnings for the quarter were $1.5 million, or 4.4% of sales, down $0.4 million from the