Retail sales of athletic footwear have surpassed the $17 billion mark for the first time, according to research compiled by the National Sporting Goods Association. The $17.4 billion tallied in 2007 represented an increase of 2.7% versus 2006, when sales
Author: sportsoneauthor
Callaway to Shutter Former Top-Flite Plant in New York…
According to local reports, Callaway Golf Company plans to shut down operations at its golf ball manufacturing plant in Gloversville, NY. The closing will leave approximately 120 employees out of work with Callaway intending to take its production oversea
Genesco Inc. Gets Q1 Lift from Merger Settlement…
Genesco Inc. looks to be the latest of the athletic footwear retailers to indicate an improving landscape in the mall. Excluding the impact of Heelys on its Journeys sales, the retailer would have reported improved comp results in each of its primary bus
Nike, NoVo Launch $100M Grant to Help Impoverished Girls…
The Nike Foundation has partnered with the NoVo Foundation to jointly fund a $100 million grant aimed at supporting and educating girls in impoverished communities. Peter Buffett, the son of billionaire investor Warren Buffett, and his wife, Jennifer, ru
DSW Sees First Quarter Net Income Decline as Weak Consumer Cuts into Comps…
Weighed down by sluggish sales and higher expenses, due in part to the launch its first e-commerce site, DSW's first quarter profit plunged more than 50%. Near the end of March, the family footwear retailer had warned that earnings in the first half
Earthquake Donations Trickle in from U.S. Sporting Goods Industry…
The sporting goods industry, which relies on mainland China for so much of its production, has begun contributing gear and dollars to help victims of the May 12 earthquake that leveled much of Sichuan Province, China…
Coleman Removes ‘Interim’ From CEO…
After a nine month search process, Jarden Corp. has named Sam Solomon as President and CEO of The Coleman Co.. Solomon had been serving as interim president and CEO since September 2007, when he replaced Gary Kiedaisch…
SGMA: Canada Sees Sporting Goods Growth Continue…
According to the Canadian Sporting Goods Market Report, distributed by SGMA, sales continue to increase for our neighbor to the north, growing to $7.5 billion in 2007 from $7.4 billion in 2007. The estimate includes sales of sporting goods equipment, spor
Sunglass Hut Enters Thailand…
Sunglass Hut has signed a franchising agreement with the privately-held Diethelm Keller Limited to expand into Thailand for the first time. The collaboration will initially add 15 stores to Sunglass Hut's global network. Sunglass Hut's presence
LaCrosse to Consolidate Midwest DC’s into Indianapolis…
LaCrosse Footwear, Inc. will consolidate its two distribution centers in La Crosse, WI into one facility in Indianapolis, IN to improve its operating efficiencies. The company expects to complete the project during the first half of 2009…
Shoe Carnival Sees Strength in Athletics in First Quarter; Overall Comps Decline…
Although overall first quarter results were generally dismal, Shoe Carnival became the latest family footwear chain to point to resurging sales in the athletics category, citing particular strength in women's. Adult athletics comps increased low-sing
Garmin Acquires Distributor…
Garmin Ltd. completed the acquisition of Formar Electronics N.V./S.A., the distributor of Garmin's automotive, outdoor recreation, fitness and marine products in Belgium and Luxembourg. The company will be renamed Garmin Belux N.V./S.A. and will reta
Columbia Sportswear Tightens Its Belt…
After experiencing significant gains in worldwide demand for performance outdoor apparel, a tightening economy has rained on Columbia Sportswear’s party. Columbia, which had sales of $1.35 billion in ’07, saw a 24% decline in first quarter ’08 profits and
Mountainman Expanding Paddlesports Center in Adirondacks
Outdoor retailer John Nemjo expects to close next week on a 3-acre parcel that will allow him to consolidate his growing outdoor and paddlesports operations at the headwaters of the Northern Forest Canoe Trail in the Adirondack Mountains. Nemjo said the p
Dressing A Lifestyle
I’m not sure when the clothes I prefer to wear became known as lifestyle apparel. How did clothes best suited for hiking, backpacking, paddling and sitting by a campfire come to define a lifestyle?
Over time my wardrobe has evolved from distinct and separ
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