Dick’s Sporting Goods Surprises Wall Street with Strong First Quarter…
Dick’s Sporting Goods was able to pull off a strong enough first quarter to hit the high end of its guidance in spite of a “very challenging retail environment” this spring. While some of the increase in the top line was spurred by the inclusion of Golf G
Hibbett Hurt by Soft Urban Business in Q1, but Calendar Shift Hurts More…
Hibbett Sporting Goods, Inc. saw softness in urban in the first quarter slow overall growth, but a calendar shift that saw the first week of February move into the fiscal fourth quarter while the much softer first week of May moved into Q1 dragged quarter
Shoe Carnival Urban Product Slows Athletic Sales…
After posting their highest quarterly earnings in company history during last year’s first quarter, Shoe Carnival nearly matched that number this year, in spite of a very challenging spring retail environment and declining comparable store sales. Mark Lem
Snow Sports Sales Remain Flat for 2007-’08 Season…
Specialty Snow Sports retailers struggled through a chaotic winter this year with weather impacting hardgoods sales in the East and Midwest and decent, stable weather in much of the Rockies and west-coast. While softgoods sales accelerated to offset part
Nike to Once Again Produce Soccer Balls in Pakistan…
Just over six months ago, SEW reported that Nike, Inc. had decreased production of hand stitched soccer balls at the Saga Sports factory in Sialkot, Pakistan due to “significant labor compliance violations”…
Edwin Watts Acquired by Sun Capital Affiliate…
An affiliate of Sun Capital Partners, Inc. has acquired Edwin Watts Golf Shops, LLC. Headquartered in Fort Walton Beach, FL, Edwin Watts Golf is a multi-channel retailer of golf equipment, apparel, and accessories through 66 retail stores, in ten southern
OIA Lobbying Helps Secure Recreation Funding…
Under the leadership of Congressman Norm Dicks (D-WA), the House Interior Appropriations sub-committee provided $50 million in funding for the Land and Water Conservation State Assistance program…
Unifi Appoints Dillon Yarn CEO to Board
Unifi, Inc.'s Board of Directors appointed Stephen Wener to the Board. Mr. Wener, who lives in Franklin Lakes, New Jersey, has served as the President and CEO of Dillon Yarn Corporation since 1980 and has been a driving force behind Dillon's suc
Quiksilver Opens First Company-Owned Store in Canada
Quiksilver opened its first company-owned, full-priced, retail store north of the border in Montreal, Canada. The new store located in downtown Montreal on St. Catherine Street boasts 3200 square feet of retail space and showcases the brand's defini
Dick’s Sporting Goods Hits Top-End of Q1 Guidance with Positive Comps
Dick's Sporting Goods, Inc. first quarter Net income increased 90% to $21.7 million and earnings per diluted share increased 81% to 38 cents, compared to prior year net income of $11.4 million, or 21 cents per share. Net sales for the quarter increas
NFL, GSIC and QVC Ink Strategic Alliance
QVC, the National Football League and GSI Commerce Inc. have entered into a strategic alliance to create a new, multichannel marketing opportunity for NFL-licensed products. Under terms of the agreement, QVC will become the NFL's “official television
VF Imagewear Extends MLB License Agreements
VF Imagewear, Inc. announced that it has extended its strategic licensing agreements with both Major League Baseball Properties and the Major League Baseball Players Association. The agreements cover authentic, replica and fanwear products for all size ra
SkyGolf Adds Golden as VP Business Development
Brian Golden has been named VP of business development at SkyGolf, LLC, marketer of the SkyCaddie GPS Rangefinder. In his new role, Golden will be responsible for working on sales and marketing initiatives, as well as building an International distributio
Payless to Acquire Stride Rite; Change Name to Collective Brands
Payless ShoeSource, Inc. has signed a definitive agreement to acquire The Stride Rite Corporation for approximately $800 million plus the assumption of Stride Rite debt. The all-cash offer of $20.50 per share represents a 32% premium over Stride Rite'
EMS Opens New Flagship Store
Eastern Mountain Sports celebrated the official grand opening of its new location in Harvard Square, which was named the new flagship store for the New England-based company. Its reformatted store is double the size of its previous location and allows for
