At its investor conference last week, Foot Locker Inc. execs spelled out a plan to reinvigorate its product mix by bringing in more trend-right, exclusive and limited-edition merchandise from its key vendors, while expecting a spark from a host of newer v
Author: sportsoneauthor
Sportshoe Center Downsizes…
Olympia Sports has acquired four stores from Sportshoe Center Inc., the Maine-based athletic footwear and apparel chain based in Kennebunk. The stores located in Wells and Scarborough, MI; Manchester, VT; and Lake George, NY will have a grand reopening o
SRAM Hires J.P. Morgan to Find Strategic Investor…
Family-owned, cycling components maker SRAM Corp. has retained J.P. Morgan to find a strategic minority investor by August, the company confirmed Monday. The Chicago-based company expects to exceed $400 million in revenue for the year ending in June…
Moots Hires Consultant as President …
Moots Cycles of Steamboat Springs, CO has hired Rob Mitchell as president, where he will oversee all areas of the company including strategic planning, product and marketing, sales, operations, and finance…
Congress Considers Banning BPA in Containers…
Representative Edward J. Markey (D-MA) has introduced the “Ban Poisonous Additives (BPA)” Act to prohibit the use of the chemical bisphenol-A (BPA) in all food and beverage containers. BPA is prevalent in plastic bottles and most baby bottles and the lin
Lafuma Group Reports Half Year Loss…
Lafuma Group reported a net loss of €700,000 ($1.0 mm) for the half year ended March 31, down from net income of €1.6 million ($2.3 mm). Operating profits for the group, which includes the Lafuma, Millet, Le Chameau and Oxbow brands, plummeted 82.4% for t
Investor Conferences Give First Peak into Second Quarter Progress…
Investors and analysts looking for a leg up got some first-hand insight into the current business environment at retail as attendees at Pipe Jaffray’s 28th Annual Consumer Conference in New York City early last week featured speakers from a number of vend
Rollen Jones Brings Experience to Schutt Sports
Boosting experience to their senior management team, Schutt Sports, Inc. has appointed Rollen Jones as the company’s CFO. Jones will oversee the company’s accounting, finance, treasury and human resources operations. The move continues the company’s re-st
HI-TEC Outdoor Sees Rise In Sales
HI-TEC has seen sales rise by 21% for the first quarter 2008 against the same period the previous year…
Iconix Brand Group, Inc. Revises Earnings Guidance
Iconix Brand Group, Inc. revised its full year 2008 revenue and earnings guidance. Revenue for 2008 is now expected to be in a range of $215 million to $220 million and diluted earnings per share are now predicted to be in a range of $1.15 to $1.20…
Bakers Footwear Posts Widened Q1 Loss as Comps Slide
Bakers Footwear Group, Inc. reported net sales for the first quarter decreased 11.8% from the year-ago period. Comparable store sales for the first quarter of fiscal 2008 decreased 11.1%, compared to a decrease of 9.3% in the prior-year period. The compan
May Retail Hits the Middle; Weather Hurts Again…
It was back to the extremes for retail in May as both the high-end and low performed well, but the middle suffered. Overall, comparable store sales increased 3.0% for the month, according to a preliminary tally of 37 retail-chain stores compiled by the In
Report: Sport Footwear Growth Drives Softgoods Sales in Fiscal May…
Sport Softgoods sales increased 1.0% in fiscal May over the year-ago month when measured in dollars, according to data compiled by research point-of-sale service, SportScanINFO. That increase came as a strong month for Sport Footwear sales more than offse
Gander Sees Lower SGandA Paving Way to Profitability…
Gander Mountain Co. reported sales climbed 18.2% to $207.7 million for the first quarter ended May 3, thanks to $19.7 million in direct marketing revenue from the recently acquired Overton's business and the opening of eight new stores…
Johnson Outdoors Cuts 50 Jobs as Military Tent Orders Decline…
Johnson Outdoors Inc. cut 50 positions, or nearly a third of its workforce, at its tent manufacturing plant near Binghamton, NY due to declining military sales…
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