SGB Update

Hibbett Sees Benefit in Kmart Woes…

Presenting at the recent financial day prior The Super Show, the small market operator said it will have 370+ doors by the end of the year in 20 states. Projected 2002 volume is $280 million…

Tropical Takes Dive on Double Hit…

Shares at Tropical Sportswear, Inc. dropped almost 25% for the week after the company reported a wider-than-expected loss and Swiss Army Brands announced it would take its apparel license back from the struggling Tampa-based apparel manufacturer…

ASICS Sues Fred’s for Knock-offs…

ASICS filed suit Friday in the Federal District Court in the Western District of Tennessee against Fred's, Inc, a 350+ store discount retail chain in the Southeast, for trademark infringement, unfair competition, and trademark dilution…

Aussie Apparel Group Acquires Brands…

Aussie Apparel Group, Ltd. signed the closing documents last month to acquire the Hot Tuna, Xisle, Piranha Boy and Piranha Girl brands from Federation Group. The definitive agreement, signed on December 17, 2002, is valued at approximately $7.5 million…

Pride Manufacturing Acquires Softspikes, Inc.

Pride Manufacturing LLC announced the acquisition of Softspikes Inc. As part of the acquisition, Pride assumes ownership of Sport Holdings Inc., which includes Softspikes Inc., as well as Trisport Ltd. of England, the leading manufacturer of cleats and re

Another Carolina Mill Files Chapter 11

Chuck Flynt started Flynt Fabrics in 1972 and watched it grow into a player in the textile industry. But last week, Flynt had to tell his employees that his company was filing for bankruptcy protection…

Delta Mills Q2 Sales Declines 18.8%; Posts Profit

Delta Mills, Inc. reported net sales for the quarter ended December 28, 2002 decereased 18.8% to $35.9 million, compared to net sales of $44.1 million for the quarter ended December 29, 2001. Net income of $0.3 million…

Tom Clarke Joins Newell Rubbermaid Baord

Newell Rubbermaid Inc. announced the appointment of Dr. Thomas E. Clarke, president, new business ventures for Nike Inc., and an executive with broad experience in the consumer products industry, to its board of directors…

GSI Commerce to Operate NASCAR Web Store

GSI Commerce, Inc. and Turner Sports Interactive, announced Tuesday an agreement for GSI Commerce to operate the e-commerce store at NASCAR.com…

Johnson Outdoors Narrows Q1 Loss

Johnson Outdoors Q1 net sales decreased 8% to $54.9 million, and operating profit declined by $0.8 million to $0.2 million. The reported loss before cumulative effect of change in accounting principle improved to -$0.3 million…

Cherokee Wins Final Award in Mossimo Case

Cherokee Inc. announced that the arbitration panel in the Cherokee-Mossimo arbitration that issued an interim award on November 11, 2002, issued a final award in Cherokee's favor on January 17, 2003…

Brooks Appoints Field Marketing Manager

Brooks Sports Inc. announced Lisa Murray as its new Field Marketing Manager. Murray brings to Brooks more than 10 years of experience in the sports industry, working most recently for New Balance Athletic Shoe Inc…