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
Converse Makes Exclusive Line for JC Penney
Converse has agreed to create a signature performance basketball footwear line available exclusively at JCPenney featuring professional basketball star Elton Brand. The EB1 retails for $65 and began reaching stores on Nov. 1. The shoe will roll out in add
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…
Fair Traders Pick Up 31 Seats in Congress
So-called “Fair Traders” have picked up a net increase of 31 seats in Congress, according to a report by Public Citizen's Global Trade. The report finds that Republicans have increasingly adopted fair trade platforms to fend off Democratic contenders
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
Aldila Q3 Sales Drop 11%
Aldila, Inc. reported net sales of $11.8 million, down 10.8% from net sales for the year ago period. The golf company incurred a net loss of $1.1 million, or 21 cents a share, in the period. In the comparable 2007 third quarter, the company had net sales
Speedo’s Revenues Sink 9.5% Due to Timing Shift
Third quarter wholesale revenues for Speedo fell 9.5 % to $25.1 million due to a decrease in sales to membership clubs, department stores, chain stores, mass merchandise and off-price channels, primarily due to timing of orders and shipments. These declin
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
Heelys Explores Strategic Alternatives After Tough Q3
Heelys Inc. has retained Houlihan Lokey as financial advisor to evaluate possible strategic alternatives to increase shareholder value. It also reported a sharp Q3 earnings decline on a 52.3% revenue freefall…
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
