JJB Sports posted a net loss of £167.6 million ($264.6 million) for the fiscal year ended January 25, compared with a profit of £9.6 million ($15.3 million) for the prior year. The latest year reflects a charge of £171.7 million ($273.5 million) due to st
Author: sportsoneauthor
Asics Corp. Sees Flat Bottom Line for Fiscal 2009
Asics Corporation posted a 7% increase in net consolidated revenues for the fiscal year ended March 31, helped by continued gains in Japan and the U.S., but offset a bit by negative trends in Europe. Net income was down slightly for the year, as a strong
Mizuno Fiscal Year Net Dips as Sales Decline
Mizuno reported that total consolidated net sales declined 6.9% to ¥162.0 billion ($1.62 bn) for the fiscal year ended March 31, compared to net sales of ¥174.0 billion ($1.53 bn) in the prior year. Operating income fell 63.0% to ¥2.91 billion ($29 mm) i
Descente Ups Full Year Net Despite Sales Decline
Descente reported that total consolidated net sales declined 5.2% to ¥77.0 billion ($770 mm) for the fiscal year ended March 31, compared to net sales of ¥81.3 billion ($714 mm) in the prior year. Operating income declined 5.6% to ¥4.27 billion ($43 mm)
Dynamic Brands Snags Forefront Assets
Dynamic Brands, the parent company for Bag Boy, Slotline, AMF Golf, Baby Jogger, and Protect-A-Bub, has acquired the assets of ForeFront Holdings, LLC. These assets include golf brands Burton, Datrek, Devant, Sir Christopher Hatton, and Miller Golf. Th
Element 21 Narrows Q3 Loss
Element 21 Golf Company generated fiscal third quarter revenue of $1.8 million, an increase of 322% compared to revenue of $565,630 in the comparable period in fiscal 2008. The fiscal third quarter results include non-cash barter revenue of $54,286, incu
Golfsmith Acquires Rights to MacGregor Golf
Golfsmith International Holdings, Inc. has acquired full intellectual property rights to the MacGregor Golf brand throughout North and South America, Europe, Australia/New Zealand and Africa. New MacGregor products will be available as soon as Holiday 200
2009 PGA Fall Expo to Reduce Costs
The PGA of America will implement initiatives for the 2009 PGA Fall Expo to lower participation costs for exhibitors and buyers, increase exhibitor efficiencies and take a new approach to establish a buyer-centered show floor. PGA said lower-costing exhi
PacSun Narrows Q1 Loss, Exceeds Estimates Despite Double-Digit Comp Decline
Pacific Sunwear of California, Inc. narrowed it first quarter loss while handily exceeding the very conservative forecasts of most analysts. PSUN management said expense management and inventory control were the primary contributors to minimizing damage
The Buckle Bucks Mall Trend
For a quarter that has seen many mall retailers struggle, The Buckle continues to not only endure the effects of the tumultuous environments, but has been able to post remarkable growth in the process — all while exceeding the lofty expectations of analy
Billabong Again Cuts Guidance on U.S. Weakness
Billabong International Ltd. has cut its fiscal 2009 guidance for the third time since mid-2008, citing the weak U.S. economy as reason for the reductions. The Australia-based surf company now expects to report full year net profit after tax in the range
Zumiez Inc. Posts Loss in Q1, but Seeks to Gain in Active Ride Shop Deal
Zumiez Inc. saw total net sales decrease 2.4% to $76.8 million for the first quarter ended May 2 from $78.7 million reported in the year-ago period. The action sports retailer posted a net loss of $1.7 million or 6 cents per diluted share, for the quarter
Adidas Group Names Chief Officers for Sales and Retail
Adidas Group has named two new chief officers for sales and retail, responsible for both adidas and Reebok. Michael Stanier joined the adidas Group as chief retail officer on May 15, and Roland Auschel will assume the role of chief sales officer on July
Jim Tompkins to Leave New Balance
New Balance President and COO Jim Tompkins will leave the company in early June after 10 years in the position. A spokesperson with New Balance said the company is currently developing transition plans…
Outdoor Retailer Further Cuts Costs to Add Value
Like operators of many businesses these days, the organizers of the Outdoor Retailer trade show recognize that “flat is the new up.” That's why their “goal” for the upcoming Summer Market is to have at least the approximately 21,000 overall attendees
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