Cybex International, Inc., reported a fourth quarter decline in sales and expects first quarter 2009 results to be similar due to the current “general economic conditions.”..
Author: sportsoneauthor
Gildan’s Q1 Earnings Tumble, Suspends Guidance
Gildan Activewear reported that fiscal first quarter net income tumbled 84.6% for the period ended January 4, primarily due to significantly lower unit sales volumes, combined with higher cotton and energy costs, and unfavorable product mix…
JJB Sports Divisions Headed for Administration
JJB Sports said it intends to place two loss-making footwear subsidiaries into administration, a form of bankruptcy protection. JJB said its lifestyle division, which operates 64 Original Shoe Company Ltd. stores and 13 stores under the Qubefootwear Ltd.
Retail Sales Rise 1% in January
According to the Commerce Department, retail sales increased in January 2009 compared to December 2008, but still showed a heavy decline compared to the year-ago month…
Asics Lowers Guidance Despite Solid Q3
Asics Corp. reported third quarter net sales of ¥60.42 billion ($628.9 mm), increasing 5.5% from net sales of ¥57.27 billion ($506.3 mm) last year. The company saw growth in both footwear and apparel more than offset a slight decline in equipment sales, b
Mizuno Lowers Outlook After Tough Q3
Mizuno Corp. had a difficult third quarter as continued softness in the global economy slowed sales and caused the company to lower its guidance for the fiscal year that ends at the end of March. The company now anticipates reporting a net loss for the fi
SEC Settles DKS Insider Trading Case
The U.S. Securities and Exchange Commission settled an insider trading case against four individuals, including the former vice president of real estate at Dick's Sporting Goods Inc., related to the DKS acquisition of Galyan's Trading Company in
WSA Show Can’t Live Up to Lowered Expectations
The WSA Show has rapidly devolved into a regional show once again – but the company that owns the show still has the floor space for a much bigger event. The empty aisles at the Sands Expo and Mandalay Bay had many wondering why show management had not c
The Finish Line Tests New Urban Concept…
The Finish Line Inc. plans to test a new concept called Decibel that eventually could replace its Man Alive chain, according to the Indianapolis Business Journal. The retailer is re-branding four Man Alive stores for an April launch and is remerchandising
Online Sales Decline in Fourth Quarter
In releasing its retail e-commerce sales estimates for the fourth quarter, comScore, Inc. said that online retail spending declined 3% versus year ago, the first recorded quarter of negative growth since comScore began tracking e-commerce spending in 2001
REI 2008 Net Income Falls After Tougher Q4
REI said it plans to eliminate 61 full-time jobs, mostly at its Kent, WA headquarters and Sumner, WA distribution center, due to a “significant business slowdown in the final months of 2008 and continued projected weakness in 2009.”..
EORA Show Store Count Up as Companies Save Money
Many of the southeastern retailers who skipped OR Winter Market headed to Greenville, SC for the EORA/SWRA trade show this week. While most of these regional shows lack the big party atmosphere present in Salt Lake City, many vendors reported that more bu
Mountain Hardwear Sees Upside in Hosting Retailer Conferences
While many companies are pulling back on trade show attendance, Mountain Hardwear is reaching out and investing in more one-on-one communication. The company held three costumer showcases across the country before the holiday season in hopes of strengthe
American Recreation Products Names Jim Baumann as CEO
American Recreation Products has named Jim Baumann as its new President and CEO. Baumann’s appointment completes an extensive executive search process conducted by Sports Group International…
Timberland Opens SoHo Location
Timberland will open a new brand store on lower Broadway in New York City’s SoHo district on Friday, Feb. 13, 2009. The new 2,000 square foot Timberland store is located at 474 Broadway, between Broome and Grand Streets, and incorporates salvaged industri
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