The lawsuit filed by SportsFuzion, Inc. against Nike, Inc. and the NBA's Naismith Memorial Basketball Hall of Fame will move forward after a September 9, 2009 hearing after which United States District Judge William G. Young will set a discovery sche
Author: sportsoneauthor
Wolverine Restructures Outdoor Footwear and Apparel Management
Wolverine World Wide, Inc. appointed Bill Dodge as vice president – footwear product development for the outdoor group and Mark Sandquist as president – global apparel. These senior leadership roles will help accelerate several of the company’s key
Genesco Works through Choppy Second Quarter
Genesco, Inc. management said they were pleased with their second quarter bottom-line performance in the face of sales that remained “choppy” through the period and anticipated sales improvements that failed to materialize…
Famous Footwear Posts Q2 Loss on BOGO Climate and Weaker Traffic
Famous Footwear's comps declined 6.6% in the second quarter, dragged down by a 6.7% traffic decline and a delay in back-to-school shopping. Throw in heavier promotional activity and result was an operating loss of $846,000 for the second quarter, w
Under Armour Rolls Out High School Basketball Sponsorships
Under Armour is sponsoring 27 high school basketball teams during the 2009-10 season, including 20 boys and seven girls teams…
Aldila to Close Tijuana Plant
Aldila, Inc. will close its Tijuana, Mexico facility where about 100 people are employed. According to a filing with the SEC, the action was announced to the company’s Tijuana employees on August 20 after a decision August 19 by the company’s
Wolverine World Wide 40-Foot Trailer Stolen
A 40-foot long semi-trailer full of footwear was stolen from Wolverine World Wide's distribution center in Howard City, MI. According to the Grand Rapids Press, the police suspect that thieves might have used their own semi-truck to steal the trailer
Shoe Carnival Ekes Out Q2 Profit Gain; Sees Comps Up for Q3 on BTS Bounce-Back
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
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
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