Nike, Inc. has a clear advantage in the current market as consumers and retailers focus on brands with the most strength and resiliency in a tough economy, but that doesn’t keep the company from making the same type of cost-cutting decisions that their le
Author: sportsoneauthor
Adrenalina Continues to Stalk PacSun
Tiny action sports retailer Adrenalina last week revealed that it withdrew its $5-per-share offer to buy Pacific Sunwear of California due to the steep decline in prices of PacSun's shares. But it now plans to take a buyout offer directly to sharehol
Sports Direct Posts H1 Profit Gain
Sports Direct International Plc, the largest sporting goods retailer in the U.K., posted a 7.4% increase in first half earnings and said it was on track to meet market expectations for the full-year. However the retailer cut its interim dividend payout b
Forzani Group Third Quarter Profits Hurt by Increased Expenses, Charges
Forzani Group's third quarter results came in slightly below expectations, but the Canadian sporting goods giant noted that its stores continue to perform well against a standout year-ago performance and have shown good momentum so far in the fourth
Amer Sports Slashes Full Year Guidance
In an appropriate end to what has been an arduous year for Amer Sports, the company has slashed its profit outlook for fiscal 2008, citing waning sales in November and December. Weak fourth quarter sales for the Finnish sporting goods manufacturer prompte
A4 to Open Two New Warehouses
A4 will start shipping from two new distribution centers in January. The company, which is working in a joint venture with Frazier Sports, has opened centers in Waco, TX and Atlanta, GA…
Golf Companies Plan Staff Cuts
The golf market saw two companies plan staff cuts last week as industry giants Acushnet and TaylorMade-adidas Golf both reported intentions to lower headcounts…
FIFA Names Official Merchandiser for 2010 World Cup
Total Apparel Group, Inc. has been appointed by FIFA's Exclusive Worldwide Master Licensee, Global Brands Group (GBG), for a multi-year exclusive Distribution Rights agreement within the United States, Caribbean and U.S…
Quiksilver, Inc. Not Out of the Woods Even as Rossignol Impact Disappears
Quiksilver, Inc. ended its fiscal year with decent sales growth given the overall environment and undoubtedly breathed a sigh of relief at finally having put the Rossignol acquisition fiasco behind it. A quarterly conference call with analysts saw the in
Quik Cuts ASR Presence
Also on the quarterly conference call, Chairman, President and CEO Bob McKnight commented that all Quiksilver brands with the exception of DC would not have a presence at the ASR show in January…
American Rec Further Consolidates Outdoor Brands Under New Umbrella
American Recreation Products will replace dozens of outside reps with an in-house sales force over the next 30 days in a bid to cut costs and reach earnings targets of Sun Capital Securities Group LLC. The move is part of a broader reorganization of the
Soles4Souls Files Suit Against Distributor for Selling Donated Shoes on eBay
Soles4Souls has filed a lawsuit against Gleaning for the World, Inc. and other parties after Soles4Souls discovered that donated pairs of Minnetonka Moccasins that were supposed to be distributed to needy people in Africa were being sold for profit on eBa
SSG Acquires Gold Medal Trademark
Sport Supply Group, Inc. acquired the rights to the Gold Medal trademark from Brownell & Company, Inc. Terms were not disclosed. Gold Medal is a manufacturer and distributor of specialized sports netting, protective netting, tennis nets and batting tunne
MRA Launches December Pre-View Show
Cautious buyers perused the floor at the first Midwestern Reps Association (MRA) Pre-View Show in Lansing, MI on Dec. 8 – 10, with 49 vendors on site to display new fall goods for the 92 attending buyers. By all accounts the show, which was primarily app
Summitt Golf Integrates Sales Force
Summit Golf Brands, parent company of Fairway & Greene, Ltd. and Zero Restriction Outerwear, has integrated its sales force, which the company says will create a powerful presence as the leading green grass brands in their categories…
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