Nike, Inc., while flying a bit higher than most other athletic footwear and apparel brands these days, is still experiencing some of the pain of the current economic downturn…
Author: sportsoneauthor
G.I. Joe’s Unsecured Creditors Cry Foul in Bankruptcy Procedures; Sale Delayed
It appears there are a few flies in the ointment of the “quick-sale” process put in place for the assets of the largest regional sporting goods retailer in the northwest. Qualified bids were originally due on Friday, March 20 in the Chapter 11 bankruptcy
DSW and Zappos Settle Lawsuit
DSW Inc. and Zappos settled a lawsuit over affiliated online marketing that included the DSW name. Terms of the settlement were not disclosed…
Play It Again Sales Slide 6% in 2008
Play It Again achieved system-wide sales of $235 million in 2008, down 6% from sales of $250 million in 2007, according to the annual report of its parent Winmark Corp. Play It Again Sports contributed royalties and franchise fees of $9.8 million in 2008
Shoe Carnival Latest to See February Turnaround
Shoe Carnival, Inc. saw declining store traffic amid the tough trading conditions that ended the retail year drive the company to report a sales decline for the fourth quarter as well as the fiscal year…
True Temper Retains a Financial Advisor
True Temper Sports has retained investment banking firm Lazard Middle Market to explore alternatives to enhance the company's capital structure and value for the future…
RECALL: Cannondale Road Bicycles
The CPSC and Cannondale bicycles have issued a voluntary recall of Cannondale's 2009 Six 5, Six 6, Six Carbon 5 and Six Carbon 6 Bicycles…
Wolverine World Wide Outdoor Group Plots Next Leg of Growth
On March 13, Jim Zwiers became president of Wolverine World Wide's Outdoor Group. Scott Sible, the former president, was named president of Merrell, its powerhouse brand…
Remington Sales Up; Earnings Plummet on Charges
Remington Arms Company, Inc. reported net sales for the fourth quarter of fiscal 2008 were up 36.3% to $163.0 million from $119.6 million in the year-ago period. Due in large part to a $47.4 million non-cash impairment charge related to goodwill, the comp
Blacks Leisure Sees Growth in Outdoor
Blacks Leisure Group, the U.K. outdoor specialty chain, said its outdoor business had performed well since Christmas despite tough conditions in the retail market. However, the group, which is in the second year of a turnaround plan under it current chief
Golf Playable Hours Down Slightly in February
At the national level, February's Golf Playable Hours (GPH) were off 1.8% compared to the same period last year. Following January's increase in GPH of just under 3%, the February dip brings the year-to-date weather impact back to neutral (+0.3%
PA Hunting License Bill Riles Retailers
Owners of several sporting goods stores are complaining about a bill introduced recently in the state General Assembly, which would remove rules that require hunters to display hunting licenses in back tags. Instead, hunters would carry wallet-sized licen
Crocs Accountants Raise Doubts on Company’s Future and Other 10-K Gems
Crocs, Inc. filed its 2008 annual report on Form 10-K filed with the Securities and Exchange Commission on March 17 and announced that its consolidated financial statements for the fiscal year ended December 31, 2008 are accompanied by an unqualified audi
Eddie Bauer Widens Fourth Quarter Loss; Comps Down 5.7%
Eddie Bauer Holdings, Inc. reported a net loss of $127.5 million, or $4.13 per share, for the fourth quarter, compared to a net loss of $18.2 million, or 59 cents, a year ago. Adjusted EBITDA decreased to $54.0 million from $59 million for the fourth quar
Perry Ellis Ends Worst Year Ever with New License
Perry Ellis ended what management called its “worst year in business” as the company posted sales declines for both the fourth quarter and the fiscal year and net losses for both periods…
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