ECCO posted another year of sales growth, though the recession had an obvious affect, slowing the mid-teens growth reported last year to mid-single-digit gains this year. Sales grew for the brown shoe, golf and performance businesses, but the company saw
Author: sportsoneauthor
The Walking Company to Restructure After Tough Q4
The Walking Company Holdings, Inc. reported fourth quarter net sales increased 3.9% to $ 79.6 million from $76.6 million last year as full year sales grew 3.5% to $241.5 million from $233.3 million in 2007. Sales growth was primarily due to the addition o
Active Ride Shop Latest Retailer to File for Bankruptcy Protection
Three relatively major sporting goods industry retailers filing for bankruptcy protection in the last four weeks signals the start of what many analysts suggest will be a trend for the first half of this year as the market looks to right-size itself withi
DSW Posts Q4 Loss on Sluggish Foot Traffic
DSW Inc.’s fourth quarter comp store sales declined 7.2% as good demand for boots, better brands and athletics was unable to offset tepid traffic rates. The comps drop, along with higher operating and severance costs, resulted in a loss of $7.5 million, o
JJB Sells Health Club Division, Fires CEO
JJB Sports has moved its health club division off its books, while also removing CEO Chris Ronnie from the corner office. Among all those shifts, the company also reiterated its earlier guidance of a 2008 loss of between £5 million ($7.3 million) and £10
Hanesbrands Staff Cuts Continue
Hanesbrands Inc., the parent of Champion and Duofold, eliminated 46 hourly employees at its service center in Martinsville, VA. Prior to the job reductions, the plant employed a workforce of approximately 300…
Lululemon Sees Net Income Down on Charges, Comp Sales Decline
Lululemon, Inc. management said they were pleased to have met earnings expectations in light of the current economic environment, but the company was not completely immune to its effects. The yoga lifestyle vertical retailer said they have been nimble an
Escalade Reports a 19.9% Slide in 2008 Sales
Escalade, Inc. reported a net loss of $7.5 million for 2008, a loss that was significantly impacted by nonrecurring charges of $5.6 million, including impairment adjustments, plant closing costs and severance charges related to the company's downsizi
Hat World Acquires Impact Sports
Hat World, Inc., a subsidiary of Genesco Inc., acquired Impact Sports, a team dealer, custom screen printer and embroidery operator based in Madison, WI. Impact Sports targets colleges and universities, high schools, bookstores, corporations and youth or
Shock Doctor Gets Injunction Against XO Athletic…
Shock Doctor, Inc. said XO Athletic Company had consented to a permanent injunction prohibiting it from infringing Shock Doctor’s Gel Max Mouthguard patent…
Under Armour CEO Misses ’08 Bonus
Under Armour, Inc. CEO Kevin Plank voluntarily cut his $500,000 salary to $26,000 last year, according to a filing with the SEC. When the company recently fell short of its 2008 revenue target of $775 million by nearly $50 million, Plank also became ineli
Li and Fung 2008 Sales Up 20%; Profits Slip
Li & Fung Limited reported revenues for the year ended December 31 was HK$110.7 million ($14.2 million), a 20% increase from last year’s numbers…
Gregory Revisited: One Year After the Buyout
In March 2008, Gregory Mountain Products became an independent company when it was acquired from Armor Holdings, Inc. by KSS Outdoor Holdings, LLC in an all-equity, zero-debt deal (BOSS_0813). Since the transition last March, the company has seen a signif
Ruger Offers Support for 2009 Hunter Education
Sturm, Ruger & Company, Inc. is now offering discounts for Hunter Education Instructors for 2009 and has announced its committed sponsorship of both Hunter’s Handbook and the Hunter and Shooting Sports Education Journal. All of these tools support the Hun
10 Cases of CWD in Kansas Whitetails
The Kansas Department of Wildlife and Parks reported a total of 10 chronic wasting disease (CWD) occurrences from among almost 2,700 deer tissue samples collected and submitted for lab analysis by KDWP in recent months…
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