Following up on a disappointing fiscal 2008 that saw sales fall 18.0%, things have only gotten worse for Nautilus, Inc. as 2009 first quarter sales plummeted 44.4% on significant weakness in all business segments…
Author: SGB Media
NICS: April Gun Sales Up 30%
The upward trend in firearms sales continued in April, marking the sixth consecutive month of significant increases. Data released by the FBI's National Instant Criminal Background Check System (NICS) reported 1,225,980 checks in April 2009…
Heelys to Stay Independent; Domestic Business Halved in Q1
Heelys Inc. has completed a strategic review of its options and has decided to continue to go at it alone in the market. The Board of Directors reportedly looked at alternatives to acquire other brands-or to be acquired-and decided to stay focused on tur
Adams Golf Goes the Way of Golf Business in Q1
Adams Golf is the latest of the golf hardgoods companies to post negative results in the first quarter, but it appears the brand may have fared better than Callaway (SEW_0918), but roughly in line with TaylorMade (SEW_0919) and Wilson (SEW_0918). Managem
Shimano Inc. Reduces Full Year Outlook after Q1 Sales Decline
Shimano, Inc. reported that revenues for the first quarter declined in double-digits, but net income improved thanks to a boost in non-operating income and lower taxes. Net revenues fell 18.9% to ¥45.1 billion ($483 mm) for the period ended March 31, com
True Temper Sees Q1 Top Line, Earnings Plummet
True Temper Sports first quarter sales dropped 48.5% to $18.4 million from $35.8 million in the 2008 comparable period. The company, which manufactures steel and graphite shafts for golf clubs, bicycles and hockey, recorded a net loss of $11.5 million for
Russell Athletic Provides Colleges with More Insight on Labor Disputes
Months after having its name tarnished on a weekly basis on college campuses across the country, Russell Athletic is stepping up to address critics regarding allegations of sweatshop conditions and anti-union practices at its plants in Honduras…
Speedo Sees 1% Q1 Revenue Gain on Higher Margins
Warnaco Group's Swimwear Group, which includes Speedo, reported Q1 revenues dipped 4.6% to $95.9 million and eased 1% on a constant currency basis. Operating income slid 14.9% to $12.6 million. Group results were hurt by currency exchange rates and d
Sports Supply Sees Fiscal Q3 Profits Rise Despite Sales Dip
Despite a 3.1% dip in sales, Sport Supply Group reported third quarter earnings rose 3.9% to $3.5 million, or 27 cents a share, from $3.4 million, or 25 cents per share, as the company tightened its cost controls. Net sales for the third quarter ended Mar
Gildan’s Q2 Net Plummets on Lower Sales, Weaker Margins
Gildan Activewear's earnings plunged 81.1% to $7.1 million, or 6 cents a share, in the second fiscal quarter ended April 5, compared to $42.1 million, or 35 cents, in the year-ago period. Sales declined 6.7% to $244.8 million from $293.8 million a ye
Nike, Inc. to Cut 5% of Workforce; 500 Affected in Beaverton
Nike, Inc. has issued a press release upon completion of its workforce review. As previously stated, Nike, Inc. began a global workforce review in February regarding the company's objectives to enhance its consumer focus, speed decision making and cr
OBIT: Park Athletic Supply’s John Bockel
John Bockel passed away on Monday, May 4, 2009 of a heart attack. The founder of Park Athletic Supply in Allen Park, MI in 1962, Bockel spent his life in the sporting goods industry…
April Boosts Outdoor Retail Sales in First Quarter
Sales of outdoor equipment, apparel and footwear grew slightly in the 2009 retail fiscal first quarter thanks in part to rising consumer confidence and a move by families to new vacation options. Close-to-home recreation continued to play a major role in
Obama Administration Welcomes the Outdoor Industry
About 50 outdoor retailers and suppliers and retailers joined the OIA Government Affairs team in Washington, D.C. for the 2009 Capitol Summit, which was held from April 21 to 23. Ten lobby teams met on the Hill with close to 90 members of Congress and/or
Moosejaw Mountaineering Launches Mobile Version of Website
Moosejaw Mountaineering has launched a new mobile version of its website, http://m.moosejaw.com. Moosejaw’s new mobile service allows shoppers to use any smartphone to browse Moosejaw’s catalog, price compare, read customer reviews and view customer produ
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