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Russell Increases Sales Earnings Adds Spalding Business

Russell Increases Sales, Earnings; Adds Spalding BusinessAtlanta-based Russell Corp. reported first-quarter 2003 sales of $228 million 6 percent higher than first-quarter 2002 sales. Earnings of 11 cents per diluted share increased 38 percent over year-earlier earnings.The strength of our brands and the expansion of our athletic business in the retail and team sports channels certainly contributed to our positive first-quarter results, said Jack Ward, chairman and CEO. In other company news, Russell signed a $65 million purchase agreement to acquire the brand names, inventory, contracts and related assets of the sporting goods business of Spalding Sports Worldwide Inc., Chicopee, Mass. June 2003




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