Christy Sports Celebrates 50 Years of Business
Christy Sports said it's celebrating its 50th year of operation with special discounts, giveaways and an end-of-season anniversary ski party. Said Keith Liefer, COO of Christy Sports, “It's our birthday and we want to make sure that our custome
Skins Appoints Global Brand Director
Skins has appointed Stefan Vollbach, most recently international director of marketing and sales at multinational sports company HEAD, to the newly created role of global brand director. The German native has been a retail seller and buyer, a department m
nuun Tabs McGee as VP of Sales and Marketing
Nuun and Company, Inc. – makers of nuun and ‘U’ hydration products and beverage tablets – has appointed Tim McGee to the newly formed position of vice president of sales and marketing. McGee comes to nuun with more than twenty years of beverage sales and
Fire that Destroyed Indiana Store Ruled Accidental
A Nov. 3 fire that caused more than $1 million in damage to a sporting goods store in Indiana has been ruled accidental by state police fire marshal Tim Frew. The fire destroyed Bowman's Sporting Goods on McGee Avenue in Patton, IN…
Confluence Parent Cuts Dividend To Preserve Cash
The publically traded private equity fund that owns Confluence Watersports has cut its dividend, eliminated its stock buy-back program and will implement further costs cutting in a move to preserve cash.American Capital, Ltd. said it is taking the moves b
Confluence Parent Cuts Dividend To Preserve Cash
The majority owner of Confluence Watersports has cut its dividend, will retain 2008 and future long-term capital gains, eliminate its stock buy-back program and implement further cost cutting in a bid to preserve cash. American Capital, Ltd. said it is ta
adidas Group Still Struggles with Reebok Business
adidas Group continued to struggle with its ailing Reebok business in the third quarter as the company continues to clear out entry price-point product from its inventories. That process is expected to be largely completed during the fourth quarter, which
Sport Supply Group Reports Record Fiscal First Quarter Sales
Sport Supply Group, Inc. reported record sales of $73.6 million and diluted EPS of 35 cents for its first quarter ended Sept. 30 despite an increasingly troubled economy. Net sales grew 4.6% from $70.4 million to $73.6 million, while net income grew 23.6
With Demand Dropping off Steeply, K-Swiss Warns of Fourth Quarter Loss…
With weakening backlogs and at-once orders, K-Swiss Inc. warned that fourth quarter results would show a loss ranging from 10 cents to 35 cents a share. Revenues are expected to range from $45 million to $60 million. That estimate compares with Q4 2007 ea
October Comps Decline Amid Tough Retail Environment
As the credit crisis continues to deepen and consumer confidence continues to wane, retail sales are feeling the pain. In October, only six of the retailers tracked in our monthly index posted comparable store sales growth over the year-ago period. All si
Weakness Prompts Pacific Sunwear and Zumiez to Cut Earnings Outlooks
Pacific Sunwear of California, Inc. reported that total PacSun sales for the fiscal October declined 9.6% to $69.3 million from $76.7 million a year ago. PacSun same-store sales decreased 11% during the same period. The retailer now expects to post a smal
Columbia Sportswear to Cut U.S. Staff by 4%
Columbia Sportswear Company announced a reduction in force that will affect approximately 75, or 4%, of its 1,800 U.S. employees…
Deal Signed for Boscov’s Purchase
Boscov’s Department Store LLC signed an asset purchase agreement for the sale of substantially all of its assets to a family group, reported DNR. The family group involved in the purchase is led by former Boscov chairman Albert Boscov and former president
Weakening Direct Sales Hinders Golfsmith in Q3
Due to a significant drop-off in direct sales and stiffening competition in the golf retail industry, Golfsmith International Holdings, Inc. struggled to generate sales growth for the third quarter…
TaylorMade-adidas Golf Sees Putters Drive Strong Q3
Currency-neutral sales for the TaylorMade-adidas Golf business grew 12% to €197 million ($297 mm) in the third quarter from €190 million ($261 mm) in Q3 last year. When measured in euros, sales grew 3.7% for the third quarter. Management noted that the co
