SGB Update

Escalade Sports 2002 Profits Jump 25% on 7% Sales Gain

Escalade Sport's fourth quarter net sales increased 14% to $48.1 million bringing year to date net sales to $126.7 million, a 7% gain over last year, primarily the result of earlier 2002 acquisitions. Net income increased 29% for the quarter and 25%

NSGA: Average Price of Sports Footwear Down 3% in 2002

A decline in the average price in a key shoe category depressed the average price paid for all athletic and sports footwear in 2002, according to data released by the National Sporting Goods Association (NSGA). For 2002, the average price paid for all 24

Hibbett, Wal-Mart, Kohl’s Continue Gains…

Quick – What do Hibbett and Wal-Mart have in common other than owning small-town markets?

The two, along with Costco and Kohl’s, are the ONLY retailers in the chart on the following page that reported positive same-store sales growth for January again

Genesco Revises Fourth Quarter Sales and Earnings Guidance

Genesco Inc. said it has revised its sales and earnings expectations for the fourth quarter ended February 1, 2003, primarily due to weakness in its Johnston & Murphy business and a period of slow retail sales in the middle of the Holiday season…

Hibbett, Wal-Mart, Kohl’s Continue Solid Gains…

Quick – What do Hibbett and Wal-Mart have in common other than owning small-town markets?
The two, along with Costco and Kohl’s, are the ONLY retailers in the chart on the following chart that reported positive same-store sales growth for January against

Gildan Ups Market Share, Doubles EPS…

Gildan Activewear Inc. reported net earnings of $5.8 million for the fiscal Q1 ended December 29, 2002, up 107% from $2.8 million in fiscal Q1 2002. EPS doubled to 20 cents. Analyst estimates were 16 cents per share…

Reebok Running Collection Nabs Key Product Awards

The accolades keep coming for Reebok's Premier Road, hero shoe of the running collection's Premier Series. In the latest issue of “Runner's World” (March 2003), Reebok's new running shoe is honored with the magazine's highly accla

Callaway 2002 Net Income Jumps 19% on Reduced Revenues

Callaway Golf Company reported net sales for the full year 2002 decreased 3% to $792.1 million versus $816.2 million for the prior year. EPS were $1.03 versus $0.82 in 2001, an increase of 26%. Net income for the full year increased 19% to $69.4 million

Delmore Brothers Join Hilfiger Footwear; Dugan Signs On for Chicago

Courtney Delmore & Trevor Delmore, who are credited with developing and launching the footwear strategy for FUBU in the U.S., have joined the Tommy Hilfiger Footwear team and will handle sales in the Northeast Corridor from New Jersey through New England.

Urban Outfitters Q4 Comps Increase 1.3%

Urban Outfitters, Inc. announced total Company sales for the fourth quarter and the fiscal year ended January 31, 2003 were up 13% to $117.8 million from $103.9 million for the comparable quarter last year. Comparable store sales increased 1.3%. Comparab

The Wet Seal Fires CEO; COB Takes Helm

Specialty retailer The Wet Seal, Inc. announced that Kathy Bronstein, Vice Chairman and Chief Executive Officer, has been relieved of her duties, effective immediately. She will be succeeded for an interim period by Irv Teitelbaum, Chairman of the Board..

Nautilus 2002 Net Sales Surge 61%; EPS Up 50%

The Nautilus Group, Inc. announced reported net sales of $155.5 million for the fourth quarter of 2002 compared to $125.3 million for the corresponding period last year. Earnings per share for the fourth quarter were $0.69, compared to $0.57 for the corre

ShopKo January Comps Decline 2.6%

ShopKo Stores, Inc. reported consolidated sales for the four weeks ended February 1, 2003 were $193.0 million, 2.8 percent lower than the $198.7 million reported for the same period last year. Consolidated comparable store sales declined 2.6%…

Dillard’s January Comp Store Sales Decrease 5.0%

Dillard's, Inc. announced that sales for the four weeks ended February 1, 2003 were $469.0 million compared to sales for the four weeks ended February 2, 2002 of $499.2 million. Total sales decreased 6.0% for the four-week period. Sales in comparable

Costco January Same-Store Sales Rise 5.0%

Costco Wholesale Corporation reported net sales of $2.97 bn for the four weeks ended February 2, 2003, an increase of 9% from $2.73 bn in the same four-week period of the prior fiscal year. Comparable store sales rose 5.0% for the month…