It was a bit of the same old tune for adidas Group as it ended another year with a continued sales growth at adidas and TaylorMade-adidas Golf while difficulties at Reebok left that business as a drag to the overall. However, overall group sales still gre
Author: sportsoneauthor
Sport Footwear Sees Dramatic Positive Turn in February
Retail sales of Sport Footwear bounced back in a big way to start the 2009 retail fiscal year after posting sluggish results in the 2008 fiscal fourth quarter ended January 31, 2009…
Genesco Inc. Sees ‘Choppy’ Foruth Quarter Give Way to February Strength
Genesco, Inc. described the fourth quarter as “choppy,” with the early part of the quarter described as “weak” until a few days before Christmas. Sales then reportedly accelerated through early January, then softened dramatically again. GCO ended the q
Famous Footwear Sees Fourth Quarter Red on Heavy Markdowns
Famous Footwear logged a loss of $11.9 million in the fourth quarter as the family footwear chain ramped up promotions to retain market share and end the year with clean inventories. Sales dipped 0.5% to $312.3 million with comps sliding 3.6%…
Foot Locker, Inc. Posts Q4 Loss on Store Closing Charges; February Comps Rise
Foot Locker, Inc. reported that total fourth quarter consolidated sales declined 11.1% to $1.32 billion from $1.48 billion in the prior-year quarter. Excluding the effect of foreign currency fluctuations, sales decreased 7.3%. Same-store sales also decl
Joe’s Sports and Outdoors Forced into Sale After Bankruptcy Filing
Joe's Sports, Outdoors & More, the Northwest retailer formerly known as G.I. Joe's, has filed for Chapter 11 bankruptcy protection. Initial reports indicated that the retailer, which filed under G.I. Joe’s Holding Corporation and G.I. Joe’s, Inc
K-Swiss, Inc. Reports Fourth Quarter Loss, Suspends Dividend
K-Swiss, Inc. had another dismal quarter as both domestic and international sales declined in the double-digits and the only real bright spot was an 8% increase in the Performance business. Overall, the company recorded a net loss of $13.7 million, or 39
Golfsmith Q4 Comps, Sales Fall Double-Digits
Citing a dismal retail environment and a horrendous second half of the year for golf-related sales, management for Golfsmith International Holdings said net revenues for the fourth quarter of fiscal 2008 decreased 14.1% to $67.8 million compared to $79.0
Callaway and Acushnet Return to the Courtroom
Fresh off a recent ruling following their Pro V1 spat, Callaway and Titleist have promptly returned to the courtroom for another battle over alleged golf ball patent infringements…
Sport Chalet Amends Credit Facility
Sport Chalet, Inc. has amended its credit facility with Bank of America. Under the terms of the amendment, Bank of America has waived the company's existing event of default and certain potential defaults and amended the borrowing base, certain finan
SGMA: Participation Steady; Sales Off
In 2008, Americans continued to participate in sports, fitness and outdoor activities at roughly the same rate as prior years, but manufacturers' shipments of sporting goods in the U.S. declined by almost 4% in wholesale dollar sales according to pre
NGF: January Rounds Played Up 8.6%
The Golf Datatech National Golf Rounds Played Report showed that in January, golf rounds played varied vastly between regions, with participation in the East North Central, New England, Mid-Atlantic and South Atlantic regions decreasing and participation
Russell Parent’s Earnings Down 34%
According to the just-released annual report from Berkshire Hathaway, pre-tax earnings in its apparel businesses declined 34% in 2008, primarily due to lower sales volume and costs incurred to consolidate certain operations of Russell and Vanity Fair Bran
Personnel Moves Throughout the Industry
With unemployment rates continuing to rise, the hiring of new personnel throughout the sporting goods industry paints a slightly more positive picture in a time of need…
West Marine Closes Year With Net Loss on Comps Slide
West Marine closed out a difficult fiscal year with a tough fourth quarter. The macro economic situation has definitely not favored the retailer as the summer months spent with extremely high gas prices crimped boating and boating sales, while the slower
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