Hibbett Sports Inc. reported a sharp drop in comp store sales growth in the 13 weeks ended Nov. 1, but was able to grow sales 5.0 percent to $218.3 million by opening a record 26 stores during the period. Comparable store sales for the recent quarter incr
Author: Charlie Lunan
Vista Outdoor Spin Off Back On
Alliant TechSystems Inc. is moving forward with plans to spin off its $2.3 billion-a-year sporting business as a publicly traded company as part of a merger of its aerospace and defense businesses with those of Orbital Sciences Corp…
Container Lines Waffle on Port Congestion Surcharges
In the space of five days last week, ocean container lines announced, suspended and then reimposed surcharges of up to $1,000 for every container imported through West Coast ports in a sign that chronic congestion at those ports is worsening. The waffling
Gluskin Townley Survey Shows Adult Bike Market Facing Tough Headwinds
A recently released report shows that while adult bicycle ownership increased by 648,000 people, or 2.6 percent from 2012 to 2014 in the United States, cyclists cut their visits to bike shops and intent to buy bikes dramatically during the period. While t
E-Bike Maker ProdecoTech Advances Toward Becoming Publicly Traded
Prodeco Technologies LLC, one of the country's largest e-bike makers, agreed Nov. 20 to be purchased by a penny stock company in a plan its owners hope will lead to a listing on a national stock exchange. The all-stock deal values the company at abou
Hibbett Sports’s Same-Store Sales Edge Up in Fiscal Third Quarter
Hibbett Sports Inc. reported net sales for the 13-week period ended Nov. 1, 2014, increased 5.0 percent to $218.3 million compared with $208.0 million for the 13-week period ended Nov. 2, 2013. Comparable store sales for the third quarter increased 0.6 pe
SIA’s On-Snow Demo to Host Race Benefit for Adaptive Sports
Retailers and others attending the 6th annual On-Snow Demo/Ski-Ride Fest & Nordic Demo after the 2015 SIA Snow Show next February are encouraged to register teams to compete in the Rhythm Rally, a banked slalom race to benefit Adaptive Action Sports (AAS)
Nike Raises Quarterly Dividend 17 Percent
Nike, Inc.'s board of directors on Wednesday declared a quarterly cash dividend of $0.28 per share on the company’s outstanding Class A and Class B Common Stock, a whopping 17 percent increase over the previous quarterly rate of $0.24…
Slow Down at West Coast Ports Extends to Bargaining Table
Bargaining talks between top negotiators representing the ocean container lines and terminal operators serving West Coast ports and the International Longshore and Warehouse Union representing dock workers have stopped until Dec. 1, although talks continu
Intrawest CEO Resigns, Replaced by Investment Banker
Intrawest Resorts Holdings, Inc., which went public in February, announced its CEO had resigned for personal reasons and been replaced by investment banker Thomas F. Marano effective immediately…
Trek to Occupy Much Larger Distribution Center in 2015
Trek Bicycle will be expanding its Wisconsin distribution capabilities in 2015 with a move from its existing global distribution center in Oconomowoc to a new 250,000-square-foot facility in Johnson Creek…
RECALL: 8,000 Leatherman Leap Children’s Multi-tools
Leatherman Tool Group Inc. is recalling about 8,000 of its Leap children's multi-tool because the lock mechanism on the optional knife blade can inadvertently release the blade, posing a laceration hazard…
Prodeco Technologies Agrees to Acquisition by OTCQB Company
Prodeco Technologies LLC, a Florida e-bike manufacturer, has agreed to be acquired by PayMeOn Inc in an all-stock transaction, according to PayMeOn. In a press release issued Thursday, PayMeOn said it would use 53.4 million of its shares to pay for the 80
American Rec Names Director of Field Sales for Kelty and SJK
American Rec of Boulder, CO has hired Steve Randall as the director of field sales for its Kelty and SJK brands…
Ocean Carriers Retreat on Port Congestion Surcharges in Wake of Fed Scrutiny
Container cargo companies quickly suspended so-called “port congestion” surcharges they had tied to a work slow down by dock workers at West Coast ports after a raft of complaints by shippers prompted scrutiny by the Federal Maritime Commission…
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