SGMA: Participation Steady; ’08 Sales Show Slight Drop
In 2008, Americans continued to participate in sports, fitness and outdoor activities at roughly the same rate as in prior years, but manufacturers' shipments of sporting goods in the U.S. declined by almost 4% in wholesale dollar sales in 2008. The
Rip Curl Opens Flagship in Huntington Beach
Rip Curl has opened a flagship store in Huntington Beach. The store is located one block north of the Huntington Beach Pier on the Pacific Coast Highway…
Wolverine Hires New Members for Global Operations Group
Wolverine Worldwide has hired new employees for the Global Operations Group. Eric Goldner has joined the team as the Vice President, Procurement & Costing; Dan Spiegel joined the GOG team in Big Rapids on Jan. 19 as the Director of Operations in Big Rapid
Univ. of Michigan Severs Ties with Russell
The University of Michigan has ended its licensing agreement with Russell Corp. over what it said is the company's denials of workers' rights in Honduras, according to a report by the Associated Press…
Report: Sport Footwear Sales Were Flat in 2008
The SportsOneSource Group is projecting that Sport Footwear sales remained relatively flat in fiscal 2008. The industry market research firm and trade publisher released preliminary estimates that Sport Footwear sales grew just 0.3% to $18.4 billion in f
School Budgets Face Another Squeeze
Already under pressure for years, school budgets are expected to take another huge hit due to the economic downturn. At some schools, athletic spending has already been frozen for the remainder of the year, but with many budgets already set for the curre
Skechers Posts Q4 Loss as Margins Shrink
Skechers USA Inc. said it posted a loss in the 2008 fourth quarter, a loss the company attributed to the weak retail environment. Lower margins for the period were the result of the company cutting inventories to match lower consumer demands. Net sales f
Element 21 Cuts Operating Loss
Element 21 Golf Company generated fiscal Q2 revenue of $430,651, an increase of 168% compared to revenue of $255,801 in the same period in fiscal 2007…
Sport-Haley Sees Fiscal Q2 Results Tumble Across Board
Sport-Haley, Inc. reported net sales of fashion apparel in its second quarter ended December 31 were $3.2 million, a decrease of 26%, from net fashion apparel sales of $4.4 million for the comparable three-month period in the prior fiscal year…
Westfield to Cut Operating Hours
According to reports, Westfield Group will cut operating hours at most of its 55 U.S. malls. Most of Westfield Group's malls will open 30 minutes later and close 30 minutes earlier on weekdays, spokeswoman Katy Dickey said. About a third will close a
Chick’s Headquarters to Close
According to local reports, the Covina, CA headquarters for Chick’s Sporting Goods will close as its new owner, Dick Sporting Goods, continues to absorb operations…
Gander Mountain Expects Q4 Earnings to Rise
Gander Mountain Co. said it expects consolidated sales for the fourth quarter of approximately $333 million, compared to $318 million in the year-ago period, a 4.9% increase. Net income is expected to reach approximately $20 million compared to net income
K-Swiss Opens Store in
K-Swiss plans to open its first-ever running retail store in the Tienmu area of Taipei, Taiwan. To celebrate the grand opening, K-Swiss will host a high energy 10K Race in Taipei that has already attracted the maximum capacity of 2,500 runners on Sunday,
Report: JJB to Close 46 Lifestyle Stores
Reports out of the U.K. have KPMG, which was named administrator of JJB's lifestyle Original Shoe Company and Qube stores, closing 46 of the 77 door in operation. This move will in turn cause 438 positions to become unnecessary for the retailers. The
High Sierra Acquires Mervyns Registrations for Trademark
High Sierra Sport Company has acquired all Mervyns registrations for the trademark High Sierra. The purchase price of the sale was undisclosed. High Sierra is first and foremost a bag/luggage company and steadfast about not entering either the footwear or
