Author: SGB Media

Callaway Takes Hit After Filing Late 10-Q…

January 20, 2003 SGB Update

Shares at Callaway Golf dipped nearly 8.8% for the week after an erroneous Bloomberg News report put a damper on the company’s otherwise positive predictions that its sales and profits for 2002 might be better than forecast…

Columbia Gets Canadian Duty Penalty Relief…

January 13, 2003 SGB Update

Columbia and its Sorel unit have been paying additional duties up to 72% since September of last year. The levy was based on an initial Canadian Customs and Revenue Agency finding that nine Columbia footwear models and 37 Sorel footwear models imported f

Vans May Not Meet Lender Covenants…

January 13, 2003 SGB Update

Vans Inc., citing losses that it posted in the second quarter, said it might be failing to comply with one or both of its covenants regarding EBITDA under a credit line for its third quarter ending March 1. The company said its lenders have consented to

Four Great Companies to Work For…

January 13, 2003 SGB Update

REI, WL Gore, Timberland and Nordstrom were once again named to Fortune magazine’s “100 Best Companies to Work For” list. Gore topped the list for the sports-related companies, checking in at #27, seven slots higher than last year’s #34 ranking. Gore, w

Wells Fargo Helps Re-Cap Copeland’s…

January 13, 2003 SGB Update

Wells Fargo Retail Finance, LLC announced that it has provided a $35 million credit facility for Copeland Enterprises, Inc., operators of Copeland's Sports. The credit facility contributed to the recapitilization of the Company by Bruckmann, Rosser,

Phoenix Takes a Run at Antigua…

January 13, 2003 SGB Update

Phoenix Footwear Group, Inc., formerly known as Daniel Green Company, has made an offer to purchase Antigua Enterprises, Inc. through a tax-free merger. The deal would see Phoenix acquiring all of Antigua's approximately 15,030,214 shares of outstan

Oakley Sees 2003 Earnings Below Street View…

January 13, 2003 SGB Update

Oakley shares were off 4.2% for the week after the company reaffirmed its guidance for fourth quarter and issued its initial expectations for 2003. The company sees Q4 earnings per diluted share of approximately $0.03 before a previously announced Europ

Big 5 Strategy Wins Over Market…

January 6, 2003 SGB Update

The largest sporting goods retailer on the West Coast keeps winning over the pundits as they consistently execute against their time-tested strategies. Senior management and buyers alike will often tell vendors, “Don’t try to tell us how to do it, we kno

And She Seemed Like Such a Nice Girl…

January 6, 2003 SGB Update

Looks like Skechers’ foray into roller skates is coming back to haunt the fashion footwear company yet again. Seems Britney Spears has sued the company for more than $1.5 million, citing breach of agreement, claiming Skechers USA, Inc. used her to plug i

Wall Street Review…

January 6, 2003 SGB Update

What seemed like an eternity of a Christmas break for many people this year was jolted back to life with a market rally on Thursday that sent the Dow Jones Industrial Average up almost 300 points, or 3.6%, for the week. The S&P 500 followed suit, with th

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