Charges Sink Foot Locker’s Q3; Sales Slide 7.3%

Foot Locker, Inc. reported a net loss of $6 million, or 4 cents per share, for the third quarter ended Oct. 31 after including $22 million, after tax, or 14 cents per share, of non-cash impairment charges to write down long-lived assets of the company&#03

TAF Parent Swings to Profit in Q3, Revenues Down 11%

NexCen Brands, Inc., the parent of The Athlete's Foot, reported a big swing to positive earnings despite an 11% decline in total revenues in the third quarter ended September 30, 2009. Revenues declined to $10.8 million, compared to $12.2 million in

TSA Will Sell Wii Game Consoles

The Sports Authority will begin selling Nintendo products, including videogaming consoles and the Wii Fit and Wii Fit Plus games. TSA has been in talks with Nintendo for the past six months and decided to carry the game console “to shift the paradigm and

Shape Magazine Licenses Name for Fitness Equipment

Shape magazine has signed an exclusive licensing agreement with Fitness EM to create a line of branded fitness products designed specifically for women. The Shape-branded line will include fitness tools and editorial-inspired workout kits.

Brown Shoe Views HIgher Profit in Q3; Joe Wood to Retire

Brown Shoe Company, Inc. said expects third quarter earnings to increase over year-ago levels and come in well above Wall Street's consensus estimates. The company also

announced preliminary sales of total net sales of $625.6 million for the third

Industry Execs Provide Outlook for Year Ahead

While it appears that the U.S. downturn may be bottoming out and the recession declared “over,” the sporting goods industry isn't looking for strong recovery in 2010. Despite some healthier sales over the back-to-school season and early c

Best Buy Testing Fitness Equipment Departments

Best Buy last week launched a test of fitness equipment departments in 40 of its 1,040 stores. Stores in Arizona, Colorado, Iowa, Maryland, Massachusetts, Nebraska, New Mexico and Texas began selling pedometers, special MP3 players, yoga mats, scales and

M.J. Soffe Looking to Add Capacity

M.J. Soffe is looking to increase capacity in screen printing following strong demand for its decorated products. In an interview with The Fayetteville (NC) Observer, Soffe President Ken Spires said that “our sales guys really did a great job in getting s

Berkshire Apparel Unit Sees Q3 Declines

Manufacturing segment, which includes Fruit of the Loom, Russell, Bike Athletic, Spalding and Brooks Sports, slid 12.9% to $3.24 billion from $3.72 billion in the year-ago period. Pre-tax earnings for the segment were $293 million, a decrease of $185 mil