SGB Update

West Marine January Comp Store Sales Dip 5.4%

West Marine, Inc. reported that net sales for the four weeks ended January 25, 2003 increased 10.4% to $24.5 million. Comparable store net sales decreased 5.4% from the same period a year ago…

Vans Extends Asia Licenses

Vans, Inc. announced that it has reached agreements for five-year extensions of its license agreements with ABC-Mart Inc. The licenses cover Japan, South Korea, Hong Kong, and Taiwan…

Sports Supply Group Narrows Q3 Loss; Sales Up 8.6%

Sport Supply Group, Inc. announced revenues for the three months ended December 27, 2002 increased 8.6% to $18.5 million. Net loss for the quarter was ($2,358,809) as compared to ($3,695,055) for the comparative quarter last year…

Kmart Receives Exit Financing Approval

Kmart Corporation on Wednesday announced that it has received bankruptcy court approval for the $2 billion in exit financing from GE Commercial Finance, Fleet Retail Finance Inc. and Bank of America, N.A…

adidas Expects 11% Sales Increase in 2002; Net Income Up 10%

Based on preliminary figures, adidas-Salomon sales in 2002 topped euro 6.5 billion, reaching the highest level in the Group's history. This is a 7% year-over-year improvement in euros (2001: euro 6.1 billion) and an 11% improvement on a currency-neut

Russell Acquires Bike Athletic Company

Russell Corporation announced that it had reached an agreement to acquire Bike Athletic Company for $16.25 million. It is anticipated that the U.S. Bankruptcy Court for the Eastern District of Tennessee will approve the agreement in the next few days…

SIA Reports Winter Sports Sales Up 7% Through December

Abundant snowfall coupled with stellar resort conditions led to increased sales in retail stores nationwide through
December. Overall sales for the entire winter sports market increased by 7.0% in dollars to $1.35 bn compared to $1.26 bn in 2001, accord

Rockey Leaves CutterandBuck after Short Tenure

Cutter & Buck Inc. announced that Helen M. Rockey, executive vice president for markets and products, has resigned from the Company, and that Pat Nugent, vice president of merchandising and design, also recently resigned…

Mina Promoted to CEO Foot Locker USA

Foot Locker, Inc. announced that Rick Mina has been promoted to a newly created position of President and CEO of Foot Locker, Inc., U.S.A. He will report to Matthew D. Serra, Foot Locker, Inc.'s President and CEO…

Federated Named as Top Retailer for Executive Women

Federated Department Stores, Inc. announced that the company has been named by the National Association for Female Executives (NAFE) as one of “The Top 30 Companies for Executive Women.”

St. Moritz Rounds Out Canada Rep Coverage

St. Moritz Watch Corporation (SMWC) announced that two new independent agencies have signed on to market their line of watches, stop watches and pedometers. The company appointed Alpine Exposure Inc. and Lightspeed Marketing Inc…

Halls Takes CEO Slot at Champs; Anderson Chief Merchant

Foot Locker, Inc. has announced the promotion of Ron Halls to the position of President & CEO, Champs Sports. Mr. Halls previously held the position of Chief Operating Officer, Champs Sports. Marla Anderson has been named EVP Merchandising…

Reebok Triples Q4 Net Income; Full Year Up 23%

Reebok International Ltd. reported net income for the fourth quarter ended December 31, 2002 increased 200% to $16 million compared to net income of $5.1 million in the fourth quarter of 2001. Net Income for the year jumped 23%.
Net sales for the 2002 fo

The NRF Applauds Economy Focus from Dubya

The National Retail Federation welcomed President Bush's focus on the economy in Tuesday's State of the Union address, saying his proposals could significantly bolster the U.S. economy…