Quiksilver, Inc. officially ran up the white flag on its hardgoods business at the end of the fiscal second quarter as it separated the Rossignol business into discontinued operations, while taking a hefty charge on the bottom line. The company took a $24
Author: sportsoneauthor
Sport Chalet Hurt by SoCal Woes, Lack of Newness…
Sport Chalet, Inc. reported sales decreased 1.1 % in its fourth quarter ended March 30, to $96.8 million a year ago, with comps down 8.6%. The net loss was $2.8 million, or 20 cents a share, compared to earnings of $881,000, or 6 cents, a year ago. In Apr
Oregon Wants Its Cut of adidas/Payless Suit: $82 Million…
adidas AG may have to give the state of Oregon $82 million of its winnings in a trademark-infringement case against Payless ShoeSource. Oregon is entitled to 60% of punitive damage awards that involve state-law claims, the state's lawyer said in pap
Reebok Expands Brazil/Paraguay Distribution to Argentina…
adidas has expanded its South American partnership with Brazilian shoe company Vulcabras S.A.. The pair have now formed a joint venture to distribute Reebok footwear, apparel and accessories in Argentina. adidas said the transaction does not affect sales
Lululemon Athletica Lowers Guidance; Investors Get Spooked…
Lululemon Athletica lowered its forecast for the year despite more than doubling revenue, because incremental hires and other strategic initiatives undertaken by its soon-to-be CEO are raising SG&A costs…
NSGA: Sporting Goods Sales to Be Flat in 2008…
Retail sales of sporting goods (footwear, clothing and equipment) are expected be flat in 2008 as modest declines in sporting equipment and athletic apparel offset a meager gain in athletic footwear, according to the National Sporting Goods Association (N
SGMA: Fitness Activities See Increasing Participation…
According to the SGMA's Sports & Fitness Participation Report, strength, conditioning, and aerobic activities are driving sports participation through increases in health/fitness club memberships and strong interest in home gyms. U.S. membership in h
Collective Brands Gets Lift from Stride Rite, but Jury Award Hits the Bottom Line…
Collective Brands Inc. took a big hit at the retail cash register at its Payless retail division in the fiscal first quarter ended May 3, but the acquisition of Stride Rite, which was not in the numbers in Q1 last year, provided a nice boost to the top-li
Supply Chain Sees Aftershocks from China Quake…
The aftershocks of China’s devastating earthquake are now rumbling through the sporting goods supply chain, particularly among outdoor recreation vendors catering to mass merchant, warehouse and discount retailers…
SGB Honors Recipients of Inaugural 40 Under 40 Awards…
The finalists for the first annual SGB 40 Under 40 awards have been selected and will be honored at an invitation-only event on June 9, 2008 during the SGMA Team Sports and Sports Licensing Show. The finalists, honored by their peers as the best and brig
SGMA: Sporting Goods Wholesale Sales Rose 3.3% in 2007…
According to the Manufacturers Sales by Category Report issued by the SGMA, total manufacturers' sales (in wholesale dollars) for the sporting goods and fitness industry in the U.S. grew at an annual rate of 3.3%. While down from rates in 2005 (+6.8%
Sports Chalet Enters Sponsorship Deal With Lakers
Sport Chalet, Inc. has signed a three year exclusive sponsorship agreement with the Los Angeles Lakers. The deal makes Sport Chalet the “Official Sporting Goods Retailer of the Los Angeles Lakers” starting with the 2008–09 season and running through 2011.
TaylorMade and Nickent Golf Reach Settlement
TaylorMade-adidas Golf Company and Nickent Golf reached a settlement concerning claims made by Nickent in print and television advertising and on its website.TaylorMade filed the lawsuit against Nickent in response to claims made in Nickent's recent
Sport Softgoods Sales Come in Flat for Q1…
The industry saw relatively flat sales of softgoods for the first quarter, according to data compiled by retail point-of-sale service SportScanINFO. A decline in Sport Footwear sales in the quarter ending May 3 were offset by a modest rise in Sport Appar
Under Armour To Launch Running Footwear in 2009…
In what had to be the most unusual locale for an investor meeting (the Baltimore Ravens game-day locker room), Under Armour reiterated its full year guidance and unveiled its next major footwear initiative, Endurance (running). In spite of a soft retail m
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