Ending nine years of litigation, the U.S. Supreme Court refused to hear New York City's request to continue a lawsuit that sought to hold firearms manufacturers responsible for the criminal misuse of firearms…
Author: sportsoneauthor
Smith and Wesson Swings to Fiscal Q3 Profit
Smith & Wesson Holding Corporation had net product sales of $83.2 million for the third quarter ended January 31, a 25.9% increase over net product sales of $66.1 million for the year-ago period. Net income for the quarter was $2.4 million, or 5 cents per
Sportsman’s Warehouse Closing 23 Doors, Selling 15 Others
Sportsman's Warehouse plans to close 23 of its doors in a bid to reduce its debt levels. At the same time, the outdoor retailer reached an agreement to sell 15 of its locations to UFA Co-operative Limited, of Alberta, B.C. The retailer reached an ag
RECALL:Tippmann Markers
Tippmann Sports, in cooperation with the U.S. CPSC, announced a voluntary recall of about 13,000 A-5 Paintball Markers. Tippmann Sports has received three reports of the end cap assembly breaking, ejecting and hitting the operator. One minor injury has be
Quiksilver Inc. Sees Losses Widen in Q1 on Weakness in Americas Region
With the Rossignol debacle all but forgotten and an impressive fiscal 2008 fading quickly in the rearview mirror, Quiksilver, Inc. has turned its effort to improving liquidity and improving capital structure in what has been a tumultuous market environmen
Dorel Q4 Earnings Fall; Inventory Skyrockets
Dorel Industries Inc. reported that revenues for the fourth quarter increased 4.6% to $479.9 million from $458.9 million in the year-ago quarter. Net income decreased 14.2% to $19.2 million, or 57 cents per diluted share, from $22.3 million, or 67 cents p
RECALL: 2009 Electra Bicycles
The U.S. Consumer Product Safety Commission and Electra Bicycle Company LLC have issued a voluntary recall of 2009 Model Electra Bicycles with Front Trays…
More Changes Hit the Outdoor Retail Market
The Outdoor retail landscape saw some significant shifts over the past weeks with changes ranging from store closures to lawsuits to name changes…
L.L. Bean’s Sales Fall 7.8% in 2008
L.L. Bean Inc. sales fell 7.8% in 2008 to $1.5 billion, and said it expects sales to be down in 2009 as well, reported the Associated Press. The company said layoffs would be necessary this year, but President and CEO Chris McCormick said in a memo to his
Zumiez Inc. Refocuses on Smaller Core Brands and Tiered Price Points
Zumiez net sales were $125.5 million in the fiscal fourth quarter, a decrease of 0.9% from revenues of $126.6 million in Q4 last year. The decrease was driven by a comp store decline of 13.4%, offset by the opening of 58 new stores. Regionally, comp sales
Pacific Sunwear Segmenting Stores into Value and Core Locations
Pacific Sunwear management said that they are pursuing a new segmented retail strategy with “value” stores and “core” stores carrying different assortments at different price points. This new assortment in the “value” stores has already started improving
Oakley Posts Double Digit Sales Gains
Although parent company indicated that the year got tougher in Q3 and Q4 in 2008, Oakley was able to reach its plan of 15% U.S. dollar growth in for the year…
Woolrich Withdraws Eddie Bauer Complaint
Woolrich, Inc. has officially withdrawn its trademark infringement court action against Eddie Bauer. Following extensive discussions between the two companies, Eddie Bauer and Woolrich have determined that their respective trademarks are not infringing a
RECALL: Shakespeare Fishing Kits
Pure Fishing, in cooperation with the U.S. Consumer Product Safety Commission, announced a voluntary recall of about 2,600 Shakespeare Casting Game and Fishing Kits. The label on the fishing rod contains a surface coating containing high levels of lead in
Paddlesports Enthusiasts Flock to Early Expos
Across the U.S. snow belt, lakes may still be frozen and average temperatures are still near freezing, but paddling enthusiasts who have had enough of winter are again anxiously awaiting the arrival of spring.
On March 6-8, the 1st Annual Northeast Paddle
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