Foot Locker, Inc. saw improving results in some of its U.S. businesses in the third quarter, thanks primarily to Nike, while the company starts to see some improvement in its Europe business. Total sales increased due primarily to the addition of roughly
Author: sportsoneauthor
Genesco Again Gets Journeys and Hat World Help to Counter Jarman Drag…
Genesco Inc. again counted on its Hat world acquisition to grow profits for the third quarter ended October, as the operating profit boost from the specialty retailer acquired in April helped push net income up more than 28% for the period. Top-line sale
Hibbett Gets Footwear and Team Sports Boost in Third Quarter…
Hibbett Sporting Goods got a nice contribution from Footwear and Team Sports in the third quarter to push comps store sales up 5.4% in the period on top of a 6.9% increase in the year-ago quarter. A decline in Apparel sales, coupled with lower margins in
Stearns Acquires Watermark’s Inflatable PFD Business…
WaterMark is selling its inflatable PFD business to K2 Inc’s Stearns division. Stearns has acquired all of the assets of the inflatable personal flotation device business including the SOS and SOSPENDERS brands and all warranty responsibility for the prod
Gander Mountain Q3 Hit by Weather Impact; Store Plan Stays on Track…
Gander Mountain saw its third quarter net income cut in half versus the year-ago period on a 7.5% decline in comparable store sales. The company fueled its reported increase in Q3 sales with a 52% increase in total square footage and 14 new stores opened
Sport Supply Group Sees Upside in New Strategy…
Sport Supply Group is starting to see some results in its turnaround efforts after divesting itself of its team dealer operations a year ago and selling the ATEC business to Wilson Team Sports in February of this year. The move to become more of a servic
Famous Footwear Again the Shining Star at Brown Shoe Company in Q3…
Brown Shoe Company saw continued challenges in certain parts of their Wholesale business and weakness at Naturalizer Retail offset nice operating profit gains at Famous Footwear in the fiscal third quarter ended October 30. BWS beat EPS estimates by a pe
Everlast Sees Red in Q3 on Sales Drop…
Everlast shares to a major hit last week, falling nearly 19% for the week to close at $3.00 on Friday after Q3 revenues dropped 10.1% to $15.8 million compared to $17.7 million last year. As a percentage of sales, third quarter licensing revenues increase
Shoe Carnival Takes a Q3 Roller Coaster Ride; Athletic Drives Sales Growth…
Shoe Carnival management said they were on a bit of a roller coaster ride in the third quarter ended October 30 as they saw late back-to-school traffic boost comps later in September this year, but fall off again as the customer “went to sleep” later in t
Sport-Haley Looks to Go Private; Fiscal Q1 Loss Widens Despite Sales Gain…
Shares of Sport-Haley, Inc. jumped nearly 21% for the week to close at $4.83 on Friday after the company’s Board of Directors authorized chairman Ron Norick to start negotiations with potential investment banking partners to explore the potential strategi
Golfsmith Expands Management Team; Q3 Hurt by Slowdown in Play…
Golfsmith International Holdings, Inc. reported net revenues for the third quarter ended October 2 increased 3.9% to $73.9 million compared with $71.1 million in the same period of the prior fiscal year. Same-store sales decreased 7.9% in Q3 compared to a
GI Joe’s Sell Equity Stake to Finance Growth…
G.I. Joe’s Sports & Auto Stores has received $11.5 million in equity financing through a deal inked last week with Nogales Investors, a Los Angeles-based private equity firm. The bulk of the financing will be used to finance expansion in the Northwest, w
Dynacraft Hit with $1.4 Million Fine for Recall Delay…
Dynacraft Industries Inc. will have to pay the piper for delaying to report problems with its mountain bikes, agreeing last week to pay $1.4 million to settle allegations that they incompletely and belatedly informed the Consumer Product Safety Commission
Wolverine Sues to Protect Moc Patents…
Wolverine World Wide has filed a patent infringement lawsuit against Harbor Footwear and Kohl’s for allegedly violating Merrell design patents on three separate models – The Jungle Moc, Jungle Slide and Winter Moc. Harbor Footwear and Kohl's are sell
Some Johnson Outdoors Investors Get Hot Over Buy-Back Plan…
Quarterly conference calls with financial analysts are usually rather muted, and the most excitement usually experienced is a double-digit sales increase, but tempers flared among investors at Johnson Outdoors’ Q4 call on Thursday as management attempted
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