SGB Update

Exped Expands Rep Force

Exped has added Luke Buckingham to cover the Northeast, while Chris Hall and the RepSouth group will cover the Southeast U.S. Dave Cockburn, Kiwi Outdoor Representation, will handle the Southwest duties…

Nike Sees Fiscal Q1 Earnings Rise 21% on Exchange-Aided Growth

NIKE, Inc. reported that revenues for the fiscal first quarter ended August 31, 2003 increased 8.0% to $3.0 bn, versus $2.8 bn for the same period last year. First quarter net income totaled $261.2 million, or $0.98 per diluted share, compared to a loss o

K2 Completes Worth Acquisition; Parish Takes Rawlings Helm

K2 Inc. announced Wednesday that it has completed the acquisition of 100% of the stock of Worth, Inc. The Company also announced that Robert Parish, chief executive officer of Worth, Inc. has been appointed President of Rawlings Sporting Goods, a wholly

Galyans Will Open Stony Point Store In September

GALYAN'S Trading Company is set to celebrate the grand opening of an 84,000 square foot sports and outdoor adventure store September 18 at Stony Point in Richmond, Va. The store, which is the first in Richmond, will offer customers an unconventional

Aldila JV Company To Sell Assets

Aldila, Inc. announced Wednesday that Carbon Fiber Technology LLC (“CFT”), a joint venture limited liability company owned by it and its joint venture partner, has signed a non-binding letter of interest to sell selected assets, including property, plant,

Vans Sees Fiscal Q1 Earnings Beating Forecast

Vans, Inc. said it expects diluted earnings per share from continuing operations for the first quarter of fiscal 2004 to be approximately $0.15 to $0.18 above its previous guidance of $0.58 for the base business (excluding skateparks expected to be closed

MacGregor Golf Re-Acquires Japan Subsidiary

Suntory Ltd. said Wednesday it will sell all of its shares in its subsidiary MacGregor Golf Japan Ltd. to U.S.-based MacGregor Golf Co. before the end of the month. The terms of the deal were not released.

Noland Appointed CFO for Fila USA

Fila USA CEO Tom O'Riordan has appointed Fila USA Vice President – Controller Sharon Noland to Chief Financial Officer. In her new role, Mrs. Noland will assume responsibility for all financial areas including Tax, Financial Planning and Reporting,

Wilson Makes Sales Territory Changes

Wilson Racquet Sports announced that Chris Merrill, a Wilson rep for five years in Atlanta is moving back to the Los Angeles area to take over the territory left by Chris Hefter. Taking Merrill’s place is Jim Haneklau. Haneklau has been in the industry f

Callaway Promotes Hutin to President/COO

Callaway Golf Company has promoted Patrice Hutin to the position of President and Chief Operating Officer, effective immediately. Mr. Hutin, who previously was the Company's Executive Vice President of Global Sales and Advertising, will report to Cal

NRF Projects 5.7% Holiday Sales Growth

Citing “several strong months of retail sales growth”, the National Retail Federation said total holiday retail sales are projected to grow by 5.7% over last holiday, bringing holiday spending to $217.4 bn. The increase would be twice the rate of growth

SGMA Sees Decline in Japan Sports Retail Market

The Japanese like to play golf, go fishing, and enjoy the great outdoors. At least, that's where they are spending their discretionary money. That's the underlying theme of recent statistics released to SGMA International by the Association of

Avendra Group to Feature Ping Apparel

The Ping Collection, an apparel brand designed and manufactured by Perry Ellis International Inc., will make available its spring 2004 line through selective Avendra golf shop operations…

Bon-Ton Acquires Elder-Beerman for $8/Share

The Bon-Ton Stores, Inc. has entered into a definitive merger agreement providing for The Bon-Ton's acquisition of The Elder-Beerman Stores Corp. at a price of $8.00 per share in cash…

Canari Grows Under New Ownership and New Faces…

Canari Cycle Wear, which enjoyed solid results in 2003 under the direction of new ownership, is entering 2004 with new styles and concepts that promise to continue the company's momentum into the new season. Canari The cyclewear manufacturer will in