SGB Update

TNF Gains in Q2 Not Enough to Offset Other VF Declines

VF Corporation reported second quarter income from continuing operations was $74.9 million, or 68 cents per share, compared with $88.5 million, or 79 cents per share in Q2 2002, which included a 3 cents per share benefit from unusual items. Sales in Q2 fe

Ex Officio Braces for Growth; Adds Key Personnel

Ex Officio recently broadened their sales team to brace for growth in 2004. Three openings in the Midwest, Rocky Mountain States, and Southern territories have made room for some new sales representatives to join the Ex-O team. In addition, two Divisional

SGAA July Rep News

The Sporting Goods Agents Association has recently inducted several rep agencies into the 69 year-old trade organization. New reps welcomed by SGAA president Gary Niland were Bob Watkowski, Double Eagle Sales Inc.; John Conlin and Mike Bloom, John Conlin

K2 Inc. Acquires V2 Optics

K2 has reached agreement to acquire V2 Optics, a designer, manufacturer and distributor of high-performance sunglasses and technologically advanced snow goggles. V2 is also the first company to develop a snow goggle specifically for women…

Confluence Surges In Spite of Compet-itor Promotional Deals…

Confluence Watersports has hired 41 new employees, bringing their total workforce to 217 people. In an exclusive interview with SPORTS EXECUTIVE WEEKLY, Kelley Woolsey, Confluence VP of Sales and Marketing, said these new employees are long overdue…

Pegasus Appoints New Cannondale COO.

John Doer has come aboard as Cannondale’s Chief Operating Officer. The former VP of Supply Chain Management at Bell Sports has a solid background in the Cycling industry with a successful tenure at the helmet company…

Bike Imports Fall; May Specialty Up…

The National Sporting Goods Association is reporting that bicycle imports fell to 3.5 million units in the first quarter of 2003, 13% fewer than in the same quarter last year, according to U.S. Department of Commerce data. The sporting goods retail trade

Here Comes That Upstream Inventory Effect…

We speculated just a few weeks ago (SEW 0325) about the effect the apparent climb in Q1 retail inventories would have on results for the vendors as we moved into the calendar second quarter. After reviewing the first of the vendor Q2 reports released this

Galyans Appoints New President and COO

Galyan's appointed Edwin J. Holman as President and Chief Operating Officer of the Company. Mr. Holman will be responsible for Finance, Operations, Systems, Planning and Allocation, Stores and Culture. Real Estate, Legal, Store Planning and Construct

Carrefour Extends License Agreement with Cherokee

Cherokee Inc., a marketer, licensor and manager of a variety of brands it owns and represents announced that Carrefour S.A. has elected to extend its agreement for the Cherokee brand for an additional three years…

Finish Line Promotes Three; Geis to Head Apparel and Footwear

The Finish Line, Inc. has shifted some responsibilities for its footwear and apparel management teams. Jason Short and Mike Watson have each been promoted to Divisional Merchandise Manager of Footwear while Kathleen Kaplan has been promoted to the positio

Vans Unloading Skateparks, But Inventory Builds on Weaker Sales…

VANS shares jumped more than 7% on Friday, recovering a bit to show a 5.2% decline for the week after the company announced fiscal 2003 fourth quarter results that included a $10.5 million pre-tax charge for the termination of a number of skatepark leases

Easton Renews Canadian License Deal with Mondor

Easton Sports announced that it has renewed its licensing agreement with Mondor Ltd., signing a multiyear extension with the Canadian hockey and baseball apparel manufacturer…