L.L. Bean Inc. plans to lay off 200 to 240 workers in Maine due to poor sales results, reported the Associated Press (AP). In a letter to its 5,400 employees Friday, the retailer said the voluntary retirement incentives it tried to enforce in February wer
Author: sportsoneauthor
SOLE Internally Promotes Sales, Internet Staff
Footwear company SOLE has promoted several internal staff members. Jonathan Koops, who started with SOLE in August 2003, has been promoted from director of sales to the new VP of sales after successfully restructuring the sales department. Andrew Baerg, w
VF Corp. Q1 Net Income Falls; Outdoor Revenues Up
VF Corporation said on a constant currency basis, first quarter revenues were down 2%, net income decreased 25%, and earnings per share declined 24% to $1.01. Revenues on a reported basis decreased 7% to $1.73 billion, compared with $1.85 billion in the f
Ruger Q1 Results Skyrocket on Increased Demand; Dividend Declared
Sturm, Ruger & Company, Inc. reported net sales of $63.5 million and earnings per share of 30 cents, compared with sales of $42.5 million and earnings per share of 7 cents in the first quarter of 2008…
Maturing Performance Apparel Sees Gains Moderate
Performance apparel has been the darling of the sporting goods apparel business over the last few years, netting strong double-digit gains that have masked weakness in many other areas of the apparel market. The categories that make up the performance se
Gander Mountain Q4 Benefits from Ammo/Gun Sales; Sees Boost from Revived Direct Segment
Riding the wave of skyrocketing ammunition and firearms sales that began to peak during the back-end of 2008, Gander Mountain emerged from fiscal 2008 flying high on a fourth quarter that allowed the outdoor retailer to achieve record-breaking fiscal and
Orange 21: Weak Dollar, Increased Discounting Pull Down H2 of 2008
As a follow up to its initial release of 2008 results the prior week (BOSS_0916) Orange 21 last Monday conducted a conference call to outline their plans to prepare for what will likely be a tough 2009. The action sports company, which manages the SPY and
Wolverine World Wide Q1 Net Falls 58% on Charges, Lower Sales
Wolverine World Wide, Inc. reported that first quarter adjusted profit easily exceeded analysts’ expectations, but management for the footwear brand consolidator warned that 2009 would likely be “one of the toughest years in a few decades for the footwear
Soffe Parent Swings to Profit in Fiscal Q3 on Strong Activewear Gains
Delta Apparel saw considerable strength in its Activewear segment in its fiscal third quarter ended March 28, driven by higher sales of full-package products in its FunTees business. The gains in the Activewear segment, which also includes the Delta bran
Phoenix Footwear Q4, Full Year Hurt by Weakness in All Channels
Phoenix Footwear said net sales for the fourth quarter ended January 3 fell 15.0% to $16.5 million from $19.4 million in the year ago period. The company reported a net loss of $14.2 million, or $1.74 per share, for the fourth quarter of 2008 as compared
Deckers Gets Q1 Boost from Another Strong UGG Performance
Deckers Outdoor Corp. pulled past its projected sales in the first quarter as a result of the UGG brand's positive holiday momentum that has continued into spring. Consumers were introduced to new lines of UGG spring-colored boots, sandals, casuals
PPR: Puma Sales Q1 Sales Dip, but Americas Rock
PPR SA, parent of Gucci and Puma, reported that sales for Puma AG slid 3.3% in the first quarter to €697 million ($902.6 million) on a comparable basis. Sales in the Americas jumped 11.2%, boosted by “good performance footwear in the U.S. market.” Sales
West 49 Warns of Bank Covenant Problems
West 49 Inc. reported its fourth-quarter loss widened to Canadian $8.5 million ($6.9 million) from C$1.2 million ($968,000) a year earlier, and warned that it was in violation of one of its bank covenants at the quarter's close. The action sports cha
Jarden Outdoor Sees Heavy Currency Impact in Q1
Jarden Corp. reported that first quarter net sales for its Outdoor Solutions segment, which includes the Coleman, Pure Fishing, K2 Sports, Marmot and Rawlings businesses, fell 10.2% in the first quarter, historically the division’s largest quarter. Four o
Under Armour Partners with Ripken
Under Armour will partner will Cal Ripken Jr. and become the official uniform provider for Ripken Baseball. Among the terms of the 5-year agreement, the Ripken Baseball complex in Aberdeen, Md. will serve as the official home of Under Armour Baseball and
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