NSGA: 2008 Sporting Goods Sales Reach $53.4 Billion
In spite of a 16% surge in shooting sports equipment, retail sales of sporting goods (footwear, clothing and equipment), which reached a record $53.5 billion in 2007, fell 1% in 2008 to $53.4 billion, according to the just released National Sporting Goods
Broder Bros. Completes Financial Restructuring
Broder Bros. Co., which distributes Anvil, Fruit of the Loom, Gildan, Hanes, Jerzees, adidas Golf and Champion product, has completed its previously-announced financial restructuring through the settlement of its private exchange offer…
Foot Locker Inc. Sees Better than Expected Q1 Results
Foot Locker, Inc. saw their first quarter financial results come in better than expected going into the period, but they see the external forces impacting retail remaining “quite challenging” – at least in the near term. The world’s-largest-athletic-foot
Hibbett Sports Sees Strong Footwear Focus Net Strong Bottom Line Results for Q1
Hibbett Sports got a boost from strong early sell-through of footwear and accessories and benefited from slightly higher overall average selling prices to post a fairly solid first quarter, but trends slowed at the end of the period as the small market re
JJB Sports Posts Steep Loss in 2008
JJB Sports posted a net loss of £167.6 million ($264.6 million) for the fiscal year ended January 25, compared with a profit of £9.6 million ($15.3 million) for the prior year. The latest year reflects a charge of £171.7 million ($273.5 million) due to st
Element 21 Narrows Q3 Loss
Element 21 Golf Company generated fiscal third quarter revenue of $1.8 million, an increase of 322% compared to revenue of $565,630 in the comparable period in fiscal 2008. The fiscal third quarter results include non-cash barter revenue of $54,286, incu
Golfsmith Acquires Rights to MacGregor Golf
Golfsmith International Holdings, Inc. has acquired full intellectual property rights to the MacGregor Golf brand throughout North and South America, Europe, Australia/New Zealand and Africa. New MacGregor products will be available as soon as Holiday 200
PacSun Narrows Q1 Loss, Exceeds Estimates Despite Double-Digit Comp Decline
Pacific Sunwear of California, Inc. narrowed it first quarter loss while handily exceeding the very conservative forecasts of most analysts. PSUN management said expense management and inventory control were the primary contributors to minimizing damage
Adidas Group Names Chief Officers for Sales and Retail
Adidas Group has named two new chief officers for sales and retail, responsible for both adidas and Reebok. Michael Stanier joined the adidas Group as chief retail officer on May 15, and Roland Auschel will assume the role of chief sales officer on July
RECALL: Norco, Trek, Cannondale Bikes
Around 20,000 mountain bikes and bike frames are being recalled last week by three companies in cooperation with the U.S. Consumer Product Safety Commission. Both Trek and Cannondale are recalling bikes with faulty suspension forks manufactured by Taiwane
Survey: Business Getting Done at OR Trade Show
In its first comprehensive survey around the iconic outdoor industry trade show event since 2004, the organizers of Outdoor Retailer found – not so surprisingly – that new products and networking were the primary reasons retailers went to their trade show
Sportsmen Applaud Administration Support of Clean Water Act Protections
Members of the Theodore Roosevelt Conservation Partnership Wetlands and Clean Water Working Group applauded statements made by the Obama administration supporting a legislative fix to the long-standing confusion over federal protections of the nation’s ri
American Hiking Society’s National Trails Day Celebrates 17 Years
On June 6, American Hiking Society will celebrate the 17th annual National Trails Day. More than 1,500 events will take place around the country including trail maintenance, hiking, paddling, biking, horseback riding, bird watching, running and trail cele
Cloudveil Appoints New Sales Positions
Cloudveil has named James Samuel to a new position, Director of Global Sales, while Ned Hutchinson assumes North American Sales Management responsibilities…
YogaDirect Becomes Preferred Yoga Supplier for Lady of America
YogaDirect.com is teaming up with the Lady of America Franchise Corporation, one of the largest influences in women’s fitness in North America…
