With few exceptions, the first quarter was a dismal time for sporting goods industry retailers as net sales rose only slightly, while margins and profits, barring a certain one-time benefit, declined. Retailer net sales increased 8.7% for the first quarte
Author: sportsoneauthor
Bear Takes Hold of Wall Street; Takes a Bite Out of SG…
Based on the performance of public company stocks in the active sports lifestyle industry tracked by Sports Executive Weekly, it does not appear that the sporting goods industry in recession-proof. The industry as a whole roughly matched the decline of th
Under Armour Taps Lands’ End Exec as New Prez…
Under Armour, Inc. appointed David McCreight, formerly president of Sears Holdings’ Lands’ End to the position of president. McCreight will report directly to Kevin Plank, who will continue in his role as CEO and chairman of the board of directors…
adidas Opens Largest Brand Store in Beijing…
On July 5, adidas opened its largest Brand Center worldwide in Beijing, China. The facility will offer products from both adidas divisions – Sport Performance and Sport Style. One of the highlights of the new adidas Brand Center is miCoach Core Skills, an
adidas Opens Largest Brand Store in Beijing…
On July 5, adidas opened its largest Brand Center worldwide in Beijing, China. The facility will offer products from both adidas divisions – Sport Performance and Sport Style. One of the highlights of the new adidas Brand Center is miCoach Core Skills, an
Sun Capital Breaking up Kellwood…
Sun Capital Partners Inc. is in the process of stripping American Recreation Products Inc. away from Kellwood Co. as part of a plan to uncover value by untangling Kellwood’s disparate businesses, SEW has confirmed. A private equity firm, Sun Capital paid
Steve and Barry’s Planning Over 100 Closures…
More disturbing news came out about the operations at Steve & Barry's LLC last week as The Wall Street Journal reported that the vertical retailer is readying plans to close more than 100 of its stores. In addition, the Journal reported that Steve &
Steve and Barry’s Planning Over 100 Closures…
More disturbing news came out about the operations at Steve & Barry's LLC last week as The Wall Street Journal reported that the vertical retailer is readying plans to close more than 100 of its stores. In addition, the Journal reported that Steve &
Diadora Drops Lawsuit Against Skechers…
Diadora has dropped its trademark lawsuit against competitor Skechers U.S.A. Inc. without giving a reason. The closely held U.S. unit of Diadora SpA, last week voluntarily filed a notice of dismissal of the infringement case in federal court in Seattle. D
Billabong Adds Longboard Skate Brand to Stable…
Billabong continued to build its empire of action sports brands last week, this time adding to its skate hardgoods arsenal that already includes the Element brand by acquiring skate longboard manufacturer Sector 9. Specific terms of the deal were not disc
VF Corp. Might Beat Q2 Guidance…
VF Corp. took the opportunity of announcing its reporting date for second quarter results (July 15th) to also update investors and analysts on its progress against previous results estimates…
Health+Fitness Reports 12% Pre-Registration Growth for 2008…
The Health+Fitness Business Expo reports that preliminary registration for its mid-July event has grown 12% over the level recorded at the same point last year. Buyer pre-registration is ahead 6% for the same period…
Textile Import Growth Slows…
U.S. imports of textiles and clothing grew by only 1.8% in 2007 following a 2.6% increase in 2006 and double-digit growth in seven of the nine years between 1996 and 2005, according to a recently published report by Research and Markets of Ireland.
Fortune Brands Cuts Q2, 2008 Earnings Guidance…
Fortune Brands Inc., which owns the Titleist, Cobra and FootJoy golf brands, slashed its earnings outlook for the second quarter and full year, citing a challenging consumer environment with golfers deferring ‘big ticket’ club purchases as a result of soa
SEW Goes One-On-One with… ASICS’ Nobuo Oda
The Sports Executive Weekly editorial team again goes One-On-One with a key executive that is seen as a driving force in the sporting goods, athletic footwear and/or athletic apparel markets…
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