SGB Update

SIA reported that chain store sales for snow sports equipment and apparel were up 2.2% to $293.9 million for the 2002 season through December, when compared to the same period of 2001. Unit sales were behind last year, tracking down 9.3%…

Shares of Dick's Sporting Goods Inc. surged 15.4% for the week after DKS issued a report Monday raising earnings expectations for the Pittsburgh-based retailer. Strong comp store gains — up 4.9% in the quarter ending February 1, 2003 — coupled with

GSI Commerce reported net revenue for 2002 increased 68.2% to $172.6 million. Comp sales increased approximately 16%. The net loss was $33.8 million for the year, compared to a net loss of $30.6 million last year. Net loss per share was $0.88 for 2002

The largest-retailer-on the west-coast said they focused on margins rather than chasing sales in the fourth quarter after good winter weather showed them a “head fake” in early November before disappearing for the balance of the quarter…

After 59 years of making headwear, San Antonio-based Texace, now a golf hat manufacturing firm, has stopped production, leaving about 150 employees without a job…

Saucony, Inc. announced net sales for 2002 increased 1% to $133.2 million, compared to $132.3 million in the comparable period of 2001. Net income increased to $5.2 million, or $0.85 per share on a diluted basis, compared to a loss of $940,000, or $0.15

West Marine, Inc. reported net income for the year ended December 28, 2002 of $18.9 million, an increase of 35.9% compared to net income of $13.9 million in 2001. Earnings per share for 2002 were $0.97, compared to earnings per share of $0.77 for 2001. Ne

K-Swiss Inc. announced net earnings for the year ended December 31, 2002 increased 23.1% to $28.7 million, or $1.46 per diluted share, compared with $23.3 million, or $1.14 per diluted share, for 2001. Total worldwide revenues for 2002 were $290.4 millio

X-Sports, Inc., a golf bag and golf accessory distributor, announced it’s decision to enter into an agreement to acquire Amrex Sports, Inc., a California-based OEM and ODM company…

Physical education gets the nod on Capitol Hill! Congress has finalized a 20% increase in funding for the Physical Education for Progress (PEP) program. This funding, part of the omnibus spending act, was expected to be approved this week…

Russell Corporation announced net sales for 2002 increased $3.4 million, or 0.3%, to $1.164 billion versus $1.161 billion in fiscal 2001. Excluding sales from businesses that were acquired or discontinued, 2002 net sales on an ongoing basis increased 2%

Aldila Inc. reported net sales for 2002 were $37.5 million, compared to net sales of $39.6 million in 2001. The company reported a net loss of $2.8 million ($0.57 per share) in 2002. Excluding the consolidation charge and the adjustments related to taxes