Shoe Carnival Inc.'s profits edged up 1% in the second quarter, thanks to tight inventory and expense controls. The bigger news was that August comps have bounced back — with athletics running up double digits. Management now expects comps in its th
Author: SGB Media
U.S. Census Bureau: June SG Store Sales Continue Fall
For the fifth consecutive month, the Monthly Retail Trade Survey, prepared by the U.S. Census Bureau, reported a drop in sales in sporting goods stores. Sales fell 3.1% in June after dropping 4.3% in May, 1.0% in April, 2.2% in March and 1.8% in February.
Nike Sells Ownership of United Soccer Leagues
Nike Inc. has sold its majority ownership stake in the United Soccer Leagues to Atlanta-based NuRock Soccer Holdings LLC. In conjunction with the deal, Nike said it has reached a long-term agreement with the USL in which its Umbro brand will be the league
DSW Second Quarter Net Down, But Beats Estimates; Raises Fiscal Year Outlook
DSW Inc.'s second-quarter profit fell 31% on falling margins and higher costs, but the drop was less than analysts expected and comp declines slowed. As a result, the off-price shoe chain boosted its earnings target for the year to a range or 37 cent
Sport Supply Group Sees Fiscal Q4 Earnings Up; Top Line Dips on Catalog Business
Cost-cutting efforts and strength from the team dealer business boosted fiscal fourth quarter earnings growth for Sport Supply Group, Inc., but top line revenues slipped 2.3% to $59.7 million for the period ended June 30 from $61.1 million in the year-ago
Billabong Sees FY Earnings Crippled by U.S
Billabong International Ltd. saw top line growth for the fiscal year ended June 30 boosted by acquisitions and a weaker Australian dollar versus the U.S. dollar and euro, but earnings slid on a non-cash impairment charge in retail assets. That charge of
Globe International Top Line Declines on Weakness in All Regions
Globe International reported that cost reduction and restructuring initiatives undertaken over the past twelve months led to improved results for the second half of the fiscal year, but overall year-end results were still below year-ago results due to wea
RCG Corp. Sees Robust Growth at TAF; Adds Merrell License Down Under
RCG Corp., which franchises 136 The Athlete's Foot stores in Australia and New Zealand, reported net profits before taxes grew 27.5% to A$7.61 million ($6 mm) in its fiscal year ended June 30, compared to A$5.97 million ($5 mm) a year ago. Thanks to
FTC Charges Brands for Falsely Marketing ‘Bamboo’ Products
The United States Federal Trade Commission (FTC) took action earlier this month against four brands that sell “bamboo” apparel and fabrics by issuing false-advertising actions and fines…
Sigg Spends A Million Bucks to Go BPA Free
Sigg CEO Steve Wasik recently wrote an open letter to all Sigg customers revealing that BPA was used in the epoxy-based lining of the company’s water bottles produced before August of 2008, when the company launched its new “EcoCare” lin
Cash for Clunkers Reaches Cycle Shops
At least three cycle shops have come up with their own version of the Cash for Clunkers car rebate program. Joe Bike in Southern Portland, Lakeshore Bike in Marquette, Mich., and the Ski & Bike Shop in Grand Forks, North Dakota all have been offering bike
LL Bean Hires Designer to Create Signature Line
L.L. Bean plans to launch a hipper, more stylish collection under the name L.L. Bean Signature. The line, for men and women, is being designed by Alex Carleton, the founder of Portland-based Rogues Gallery, a popular line of urban clothing…
EMS Launches Commuter Rewards Program
Eastern Mountain Sports is launching a new program that will reward its customers for reducing carbon emissions by carpooling, vanpooling, walking, biking, telecommuting and taking public transportation. To facilitate the program, EMS partnered with NuRid
FTC Charges Clothing Companies For Falsely Marketing ‘Bamboo’ Products
The United States Federal Trade Commission (FTC) took action earlier this month against four brands that sell “bamboo” apparel and fabrics by issuing false-advertising actions and fines…
Olivet Resigns as CEO of Oakley
Scott Olivet has stepped down as CEO of Oakley, according to the Orange County Business Journal. Colin Baden, president of Oakley since 1999, has taken over as CEO…
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