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
Author: sportsoneauthor
Head NV Sees Weakness in Winter Sports in Q3 while Margins and Profits Improve
Head N.V. continues to see weakness in its Winter Sports division despite a strong start to the winter season throughout much of North America and the Alps. The company reported net revenues were down 1.0% to €92.2 million ($132 mm) for the three mo
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
Nautilus Q3 Sales Sink on Tapered Inventories; Looks to Unload Commercial Ops
The back-half of fiscal 2009 picked up where the front-end left off for Nautilus, Inc. as the company reported general weakness in all of its major segments. Net sales from continuing operations for the Vancouver, WA-based fitness manufacturer fell 33.9%
Heelys Woes Continue as Q3 Domestic GM Nears Zero; Japan Keeps International Alive
Heelys, Inc. continued to swirl deeper into insignificance in the third quarter as domestic sales plummeted nearly 83% and the company came close to losing money on every pair it sold in the U.S. as gross margins approached zero percent of sales…
FansEdge Owner Shrinks Loss
Dreams, Inc., the owner of FansEdge, reported revenues for the third quarter rose 5.7% to $15.2 million, from $14.4 million in the same period last year…
Nike Inks Arkansas to Apparel and Footwear Deal
The University of Arkansas will enter into an all-sports apparel and footwear contract with Nike, beginning July, 2010. The Razorbacks’ existing deal with Adidas expires June 30, 2010…
Asics Corp. Q2 Sales Fall 10.2%
Asics Corporation posted a 10.8% decrease in revenues for the fiscal second quarter ended September 30. Total consolidated worldwide revenues were ¥110.8 billion ($1.18 bn), compared to ¥124.2 billion ($1.23 bn) in the year-ago quarter…
TSA Appoints New Marketing and Strategy Chief
The Sports Authority has appointed industry veteran Jeffrey Schumacher chief marketing officer and chief strategy officer to oversee all marketing, advertising, private brand strategy, digital/eCommerce and corporate and business development strategy…
Backcountry.com Finding Profitable Growth Amid the Recession
Although it's seeing some price resistance along with many other retailers, Backcountry.com continues to generate sales gains year-to-date and remains profitable. Backcountry.com's parent, Liberty Media, reported third quarter results last week
Adams Golf Shows Sequential Improvement on Product Launches in Third Quarter
Adams Golf reported sales for the third fiscal quarter were essentially flat at $17.4 million, representing a quarter-over-quarter improvement after the company saw sales plummet 30% in a highly-promotional second quarter…
Aldila Q3 Sales Down, Loss Narrows
Aldila, Inc. said net sales for the third quarter declined 9.3% to $10.7 million from $11.8 million a year ago as sales to the company’s golf segment remained soft due to a shortage of consumer discretionary income. Average selling prices for golf s
Element 21 Fiscal 2009 Sales Up on Fishing Line Launches
Element 21 Golf Company, a manufacturer of advanced Scandium Alloy golf and biofiber fishing equipment, reported revenues of $4.0 million for fiscal 2009, an increase of 218% compared to revenue of $1.8 million for fiscal 2008. The company said the increa
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