G-III Lowers Guidance on Expected Discounting
G-III Apparel Group, Ltd. said net sales for the third quarter increased 29.6% to $351.6 million from $271.2 million in the comp quarter last year. Net income for the three months was $28.8 million, or $1.68 per diluted share, compared to $23.8 million, o
Lululemon Q3 Net Up on 4% Comp Gain; Founder Transfers Shares to Employees
Lululemon athletica inc. said it is approaching the uncertain economy by carefully monitoring its inventory and slowing store expansion. The Canada-based maker and retailer of yoga and fitness-inspired clothing said net revenue increased 34% to $87.0 mill
Gander Mountain Q3 Net Climbs on Cost Cutting
Following on the heels of a record-setting second quarter, Gander Mountain continued to see revenues grow for the third quarter despite a substantial decline in same-store sales. The outdoor retailers reported revenues increased 4% to $269.9 million from
Jarden Won’t Hit Street Estimate
Jarden Corp., the parent of Coleman, K2, Rawlings, Shakespeare and Volkl, expects to report fourth quarter revenue of about $1.3 billion and 2009 revenue of more than $5 billion. The company said it will not provide guidance below the revenue line, but be
Pacific Sunwear Apparel Grows as Footwear is Eliminated
Pacific Sunwear VP of Investor Relations Gar Jackson clarified the circumstances surrounding Division President Thomas M. Kennedy’s recent resignation during the Pacific Sunwear presentation at the Wedbush Morgan Securities California Dreamin’ Management
JJB Sports Sees 7.5% Comps Decrease
JJB Sports reported that total group comparable store sales decreased 7.5% compared to last year for the period between July 28 and Dec. 7, 2008. This decrease consisted of a 6.7% increase in revenue for health clubs and an 8.9% decrease in retail sales.
SIA: Snow Sports Pre-Season Sales Up 9%
Just as snow sports reps began hitting the road to show lines and take orders for next winter, Snowsports Industries America reported industry retail sales rose 9% to $506.8 million in the August to October period.
However, reps would be well served to br
Season Pass Sales Soar, Bookings Dive at Vail Resorts
Vail Resorts, Inc said last week that its season pass sales were up 29% from the same time last year, but that advance bookings at its mountain resorts were off 23%. The company said that if bookings don’t improve it will have to lower its guidance for th
Q2 Net Income Plummets for Smith and Wesson
Smith & Wesson Holding Corporation reported a net loss for the second fiscal quarter of $76.2 million, or $1.62 per fully diluted share, compared with net income of $2.9 million, or 7 cents per fully diluted share, for the comparable quarter last year…
Sher-Wood Hockey Wins Approval to Acquire TPS Sports
Sher-Wood Hockey Inc. said it has received court approval and completed the purchase of the business assets of TPS Sports Group, a manufacturer and distributor of hockey sticks and protective equipment…
Batters Up USA Sees Participation More Than Double in 2008
Batters Up USA, formerly Play Ball USA, will host its annual membership meeting and board meeting in conjunction with the annual American Baseball Coaches Association convention Friday, Jan. 2, 2009 beginning at 9 a.m. PST at the San Diego Marriott and Ma
Adrenalina Criticizes PacSun’s Rejection of Bid
Adrenalina issued yet another statement regarding the failure of Pacific Sunwear of California Inc. to explore merger discussions. The neophyte action sports retailer also said it is now a shareholder of PacSun and “intends to significantly increase its p
Forzani’s Q3 Net Income Tumbles 33%
Forzani Group Ltd's third quarter profit fell 33% to C$8.4 million ($6.77 million), or C28 cents a share, in the three months ended Nov. 2, from C$12.6 million ($10 million), or C36 cents a share, for the same time last year. Revenue rose 8.8% to C$3
Peter Mangione to Step Down as President of FDRA
The Footwear Distributors and Retailers of America (FDRA) announced that Peter Mangione will be stepping down as president of the association. According to a statement, Mangione, president of the organization since 1981, will assist the organization in re
A4 Opens Two Regional Warehouses for Jan. 2009
A4, working in a joint venture with Frazier Sports, will start shipping orders in January 2009 from its two new regional warehouses in Waco, TX and Atlanta, GA…
