Sports Authority shares fell almost 17% for the week, closing at $5.59 on Friday. The drop was due to a company report that earnings from operations in the fourth quarter would come in at 46 cents to 49 cents a share, well below its previous expectations
Author: SGB Media
Sport Supply Group Announces Improved Results for Quarter
Sports Supply saw revenues for the fiscal third quarter rise 8.7% to $18.5 million. The net loss for the quarter ending Dec. 27, 2002 narrowed to $2.4 million compared to a $3.7 million loss for the year ago period. Gross profit decreased 100 bps to 27.
Sport Supply Group Announces Improved Results for Quarter
Sports Supply saw revenues for the fiscal third quarter rise 8.7% to $18.5 million. The net loss for the quarter ending Dec. 27, 2002 narrowed to $2.4 million compared to a $3.7 million loss for the year ago period. Gross profit decreased 100 bps to 27.
Columbia Sees U.S. Business Shrink…
Columbia Sportswear saw its share price drop 16.4% for the week even as the company outpaced both earning and sales estimates for the fourth quarter. However, analysts were disappointed with company estimates for full year 2003…
Russell Out at Frisby…
Frisby Technologies announced the “termination” of company president & COO Duncan Russell…
CEO Gets Option to Buy Back Malden…
Malden Mills struck a preliminary deal with its major creditors that will allow it to emerge from bankruptcy protection this spring. The plan of reorganization will include an exclusive option in favor of president & CEO Aaron Feuerstein to purchase the
Dallas Apparel Mart is Closing…
The venerable Dallas International Apparel Mart, the 40-year old national institution that once bustled with energy and acted as a driver for many apparel businesses, is set to close next year…
Cannondale Gets New Life – For Now…
Cannondale filed for Chapter 11 bankruptcy protection in U.S. Court last week, pointing to losses in its motor- sports division that inhibited the company's ability to make future investments…
Gart Sports and The Sports Authority Announce Merger…
Well, the time for chasing rumors is now through, and the landscape for the Sporting Goods Industry in the U.S. will be changed forever. After many years of attempting to establish itself as a national entity, The Sports Authority will finally achieve th
Tropical Takes Dive on Double Hit…
Shares at Tropical Sportswear, Inc. dropped almost 25% for the week after the company reported a wider-than-expected loss and Swiss Army Brands announced it would take its apparel license back from the struggling Tampa-based apparel manufacturer…
ASICS Sues Fred’s for Knock-offs…
ASICS filed suit Friday in the Federal District Court in the Western District of Tennessee against Fred's, Inc, a 350+ store discount retail chain in the Southeast, for trademark infringement, unfair competition, and trademark dilution…
Callaway Signs Footwear Licensing Agreement With Tour Golf Group
Tour Golf Group has signed an exclusive licensing deal to develop and sell Callaway Golf men's and women's footwear. The footwear collection will hit golf retail shops in the United States and Canada in March 2003…
Aussie Apparel Group Acquires Brands…
Aussie Apparel Group, Ltd. signed the closing documents last month to acquire the Hot Tuna, Xisle, Piranha Boy and Piranha Girl brands from Federation Group. The definitive agreement, signed on December 17, 2002, is valued at approximately $7.5 million…
Pride Manufacturing Acquires Softspikes, Inc.
Pride Manufacturing LLC announced the acquisition of Softspikes Inc. As part of the acquisition, Pride assumes ownership of Sport Holdings Inc., which includes Softspikes Inc., as well as Trisport Ltd. of England, the leading manufacturer of cleats and re
Quiksilver Expands CapEx Budget in 2003…
Quiksilver Inc. announced in an SEC filing last week that it expects $35 million to $40 million in capital expenditures in fiscal 2003 ending October 31, 2003. Fiscal 2002 capital expenditures were $22.2 million, compared with $22.6 million in fiscal 200