SGB Update

The Elder-Beerman Stores Corp. announced Thursday that it has entered into a definitive merger agreement providing for the sale of the company to Wright Holdings, Inc., a company formed by Goldner Hawn Johnson & Morrison Incorporated. The merger agreement

NIKE, Inc. reported Q4 revenues increased 11% to $3.0 bn, versus $2.7 bn for the same period last year. Fourth quarter net income jumped 18.1% to $246.2 million, or $0.92 per diluted share, compared to Q4 2002. Full year revenues increased 8.0% to $10.7

West Marine, Inc. announced Thursday that sales for the second quarter would be approximately $232 million to $233 million. Comparable stores sales for the quarter are estimated to decrease by approximately 4.5% to 4.7%. WMAR now expects to earn between

Next Inc. has announced an agreement to acquire the business of Lil Fan and affiliates, a privately held sales and marketing company located in Noblesville, Indiana. NEXT anticipates that Lil Fan will generate revenue of approximately $5 million for the

Kmart Holding Corporation announced Tuesday that William D. Underwood, Executive Vice President, Sourcing and Global Operations, resigned from the Company, effective immediately…

Nike Inc. won the trifecta this week, with the addition of Kobe Bryant to its player roster. Nike declined to disclose terms of the deal, but estimates put it at roughly $45 million. Bryant last year paid $8 million to get out of his six-year contract w

adidas-Salomon and the INTERSPORT International Corporation (IIC) announced Tuesday the signing of a four-year strategic agreement that lays a strong foundation for future business strategies and strengthens the selling and distribution process of both gr

Reuters is reporting that U.S. consumer confidence was broadly unchanged in June, contrary to expectations, as cautiousness over business conditions tempered optimism over rallying stocks, the Conference Board reported on Tuesday…

Global Brand Marketing, Inc. received the “Best Women's Footwear Collection” award for the third annual Sportswear International Fashion Awards (SIFAS) for Fall/Winter 2003/2004. The winners were selected from a global pool of brands that “possess e

LiquidGolf Holding Corporation announced the execution of a Letter of Intent to acquire RG Golf, the parent company of Golfwarehouse.com…

The end of a cycling success story came to somewhat of an end last week as SRAM Corp. took the final steps in the closure of the RockShox manufacturing facility in Colorado Springs. SRAM, the manufacturer of braking and shifting components, acquired the