K-Swiss management feels they are heading into one of their cyclical business troughs, a situation the company feels they can handle as they have before. This time it looks as though the pullback at Foot Locker is having a profound impact on both sales a
Author: SGB Media
Sport Chalet Expands Team Business; Posts Solid Q1…
Sport Chalet, the SoCal-based retailer that has built a business on a strong commitment to SnowSports, Outdoor, SCUBA, and other performance sports, has made the move to capture more of the team sports business. The retailer has acquired Bassco Sporting
Cabela’s Sees New Store Drive Top-Line; Earnings Hurt by Finance Unit…
Cabela’s saw a securitization transaction involving their credit card receivables impact their Financial Services segment’s' securitization income by roughly $2.0 million after tax, or three cents per diluted share, in the second quarter ended July 3
Russell Corp. Back to Their Winning Ways in Q2; Profits Jump More than 50%…
As anticipated, Russell Corporation got a nice lift in Q2 from the sale of its minority position in Marmot Mountain, adding about $4 million, or roughly 8.5 cents per share, to the bottom line in the quarter. Excluding the gain, RML would have still seen
Escalade Sports Drives Quarter Growth…
Escalade, Inc. relied heavily on its sporting goods division to help post a sales gain in the second quarter, but the net income increase produced by Escalade Sports in Q2 wasn’t enough to keep the company in the black…
Aldila Rides Golf Surge to Q2 Profits…
Despite concerns about the health of the golf business, particularly with Callaway’s recent revelations, Aldila experienced a breakout quarter in Q2 as net sales jumped 44.4% to $14.3 million versus $9.9 million in the year-ago period. The increase was c
Golf Rounds Increase Slow in Q2…
The National Golf Foundation is reporting that total golf rounds played in the U.S. were up 2.5% for the first six months of the year when compared to the YTD period last year, but increased just 0.9% in the second quarter after a nice start in April…
Gildan Continues Efforts with FLA…
After announcing that it would be closing its El Progreso, Honduras, sewing facility (see SEW_0430), Gildan Activewear has responded to the Fair Labor Association’s independent audit of the facility. The audit brought up several deficiencies, but did not
GSI Commerce Slows Cash Burn Rate…
GSI Commerce increased second quarter net revenues 28% to $64.7 million compared to net revenues of $50.3 million in the year-ago period. Gross margin improved 500 basis points to 38.8% of sales versus 33.8% in Q2 last year. GSIC narrowed its net loss f
Dick’s Closes Galyans Deal; Plans More Stores…
Dick's Sporting Goods completed its $362 million acquisition of Galyan's on Thursday via a deal structured as a merger. With the 48 Galyans doors, Dick’s now has 221 stores in 32 states which had combined sales of about $2.2 billion in the last
Rocky Q2 Boosted by Military Sales; Sees New Focus on Retail…
Rocky Shoes & Boots benefited not only from their latest military deal, but also from the company’s focused expansion of products in footwear, apparel and Gates gloves throughout the quarter. Overall, Rocky posted a 25.5% sales increase to $27.4 million i
Unifi Makes Progress, but Still Bleeding Red Ink…
Unifi reported that net sales for the company’s fiscal fourth quarter declined 7.0% to $191.7 million compared to net sales of $206.1 million for the prior year. Gross margin was a meager 5.9%, a 270 basis point decline from the 8.6% margins reported last
Spyder Will Move into Summer Market; Sees $300 Million in Five Years…
In a deal that has been in the works for several months now, Apax Partners finalized its acquisition of Spyder Active Sports in a transaction valued at approximately $100 million, including assumption of debt. Apax is one of the largest private equity fu
Johnson Outdoors Looks Ahead…
Johnson Outdoors continued its reliance on Military and Marine Electronics through the third quarter, although some important new programs are being implemented to bring the rest of the company back to higher levels of performance. Total company net sales
Climb High Posts 46% Year-to-Date Sales Increase
Climb High, the U.S. distributor of the Mammut, Raichle, Ajungilak and ToKo brands, continued to see impressive growth for the Mammut brand in the second quarter. After posting a 36% increase in revenue for Mammut in the first quarter of 2004, CEO Bill S