Brooks finally caught up to Asics at Fleet Feet last year, but New Balance, Saucony and Nike also gained market share at the chain. As reported (see SEW_0903), Fleet Feet's sales grew 14% to $86 million in 2008 on a 12% comp gain…
Author: sportsoneauthor
adidas Considers Closing Reebok HQ in U.K
adidas AG made two announcements last week, first reporting at an investor conference that it will meet its guidance for 2008, then reporting to local media in the U.K. that it is considering closing down its headquarters in Bolton…
L.L. Bean to Freeze Salaries
L.L. Bean is freezing all wages and salaries for its 5,500 employees for the coming year due to slumping sales. Spokeswoman Carolyn Beem told a local paper that the move eliminates the need to reduce 75 to 100 positions…
Skechers Inks TapouT License
Skechers USA signed a worldwide licensing agreement with TapouT, the mixed martial arts apparel, gear and lifestyle brand. The new TapouT footwear line is launching as a focused men’s collection available in select department and specialty stores across N
Firearms Steal the 2009 SHOT Show as the “Obama Factor” Ignites Sales
A trade show is a trade show is a trade show, but there aren’t many out there with as broad an array of exhibitors as the SHOT Show. Lined up like dominoes and stretching wall to wall of the colossal Orange Country Convention Center were booths showcasing
Callaway 2008 Earnings Rises 6%
Callaway Golf Company expects net sales for 2008 to slip 0.7% to $1.12 billion from $1.13 billion in 2007. Consistent with recent earnings guidance, pro forma diluted earnings per share for 2008 are estimated to range from 93 cents to 95 cents a share, an
SRI Sports Sales Jump on Boost from Cleveland Acquisition
SRI Sports., the new parent company to Srixon and Cleveland Golf, had a strong first three quarters of fiscal 2008 as the addition of the Cleveland business to the sales numbers has more than offset minor declines in smaller divisions. Nonetheless, the co
PGA Show Highlighted by Return of Titleist
This week’s 56th annual PGA Merchandise Show will be notable for a number of reasons apart from the usual product launches that promise to revolutionize the game of golf and the industry around it. The big news before the show is the return of one of the
ORWM Provides Energy Despite Weaker Traffic
The angst of the last month gave way to anxious optimism as Outdoor Retailer Winter Market opened its doors last week. Despite the buzz circulating around the industry since October about fears of a severe cutback in attendance on the part of retailers,
RECALL: Saris Stationary Bicycle Trainers
Approximately 2,000 stationary bicycle trainers manufactured by Saris Cycling Group are being recalled. The trainers are a frame that converts regular bikes into stationary bicycles. The problem is that a handle pin on the trainer can loosen, letting the
Yakima Acquires RACKandROLL
Yakima has acquired RACKandROLL, LLC, a manufacturer of high performance multi-sport trailers based in Frederick, MD. The trailers, branded Yakima RACKandROLL, will be sold through RACKandROLL’s existing distribution and current Yakima dealers effective i
The Hosiery Association Leads CPSC Legwear Coalition
The Hosiery Association, in conjunction with The Hosiery Technology Center, has created the CPSC Legwear Coalition to work in partnership with the Federal legislature and the Consumer Products Safety Commission (CPSC). The CPSC Legwear Coalition has been
Coalision Partners with Kilmer Capital
Coalision, the Montreal-based parent of Orage and Lolë, has entered into a partnership with Kilmer Capital Partners, a Canadian investment group. Terms of the arrangement were not disclosed. Coalision said the association with Kilmer will help the company
Cabela’s Board Member Resigns
Cabela's Incorporated said Stephen P. Murray resigned from the Board of Directors effective Jan. 20, 2009. The retailer cited Murray's “other extensive business commitments” as the reason for the departure…
Quiksilver Cuts Executive Salaries
Quiksilver Inc. has approved a 5% cut to the annual base salaries of some top executives as part of its cost-cutting efforts, according to a Securities & Exchange Commission filing…
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