SGB Update

Russell Finalizes Spalding Deal; Names Creelman President

Russell Corporation announced Thursday that it has signed a purchase agreement to acquire the brand names, inventory, contracts and related assets of the sporting goods business of Spalding Sports Worldwide, Inc. for $65 million. Russell has hired Scott

K2 Inc. Expands Management Team

K2's senior executive team has been augmented with the appointments of Dudley W. Mendenhall, as SVP Finance and Monte H. Baier, as VP and general counsel. Further, John J. Rangel, most recently SVP Finance, has been appointed SVP and CFO. All three

West Marine Q1 Loss Widens as comps Drop 10%

West Marine, Inc. reported net sales for the quarter ended March 29, 2003 of $111.1 million, which includes the net sales of 62 newly acquired BoatU.S. stores, up 14.4% from $97.2 million in 2002. Comparable store net sales decreased 10.2% from 2002. Net

Callaway Re-Shuffles Boardroom

Callaway Golf Company announced that Samuel H. Armacost and John C. Cushman, III have been appointed to the Company's Board of Directors. They will both begin serving immediately, and will stand for election to full one-year terms at the Company&#039

SIA: Specialty Store Sales Up 7.8% through February

Overall sales for the entire winter sports market increased by 4.6% in dollars to $2.03 billion compared to $1.94 billion in 2002 for the period of August through February, according to the SnowSports Industries America (SIA) Retail Audit. Sales at speci

SIA: Chain Store Sales Off 5.5% Through February

Chain store sales were down 5.5% for August through February compared to the same period in 2002. In dollars, that translates to $439.4 million in sales so far this year compared to $465.2 million in 2002. The unit sales tracked 11.3% behind last year. S

Mastercard Threatens Action Against Dirtbag Clothing

Credit Card giant, MasterCard International has threatened legal action against San Francisco based Streetwear manufacturer Dirtbag Clothing Incorporated. MasterCard International claim that one of Dirtbag Clothing’s tee shirt designs is infringing on it

Thailand’s Largest Shoe Exporter Expects Double-Digit Growth

Despite limited growth in the global footwear industry in the first three months of this year, the Pan Group, Thailand's largest shoe exporter, is still confident of achieving double-digit revenue growth this year. The Pan Group, with 56 subsidia

Wolverine Sees Broader Brand Growth as Q1 Profits Rise 16%

Wolverine World Wide, Inc. saw first quarter 2003 revenue grow 8.0% to a record $191.5 million compared to the $177.3 million reported for the first quarter of 2002. EPS increased 20.0%, reaching a record $0.18 per share compared to the $0.15 per share r

Huffy Posts Q1 Loss as SGandA Increases Outpace Sales Gains

Huffy Corporation announced a loss for the first quarter of $1.4 million or $0.09 per common share, compared to earnings of $0.6 million or $0.06 per common share for the first quarter of 2002. Net sales for the quarter increased by 34% to $94.6 million

Oakley Q1 Net Income Falls 43% as U.S. Continue Slide

Oakley, Inc. reported first quarter net sales increased 1.5% to $111.2 million compared with $109.6 million in the first quarter of 2002. Net income for the first quarter totaled $3.2 million, or $0.05 per diluted share, compared with net income of $5.6

Unifi Makes Further Domestic Peronnel Cuts

Unifi Inc. has announced changes that will result in the elimination of 400 current domestic positions, bringing the number of positions eliminated through cost reduction initiatives since January 2003 to approximately 600, or 15% of the company's U.

The Sportsman’s Guide Offers Positive Q1 Outlook

The Sportsman's Guide, Inc. announced that the Company expects to report total sales of approximately $44 million and earnings per share of $0.18 to $0.19 for its first quarter ended March 31, 2003. This would compare to first quarter 2002 results o

Escalade Captures Sears Vendor Award

Escalade, Inc. announced that Sears Roebuck and Company has awarded the coveted PARTNERS IN PROGRESS award to Escalade Sports, a wholly owned subsidiary of Escalade Inc. Over the past 31 years, Escalade Sports has received the Sears Partners In Progress