In a move that is a sharp departure from its long-held position that it is NOT a sporting goods store, in appears that Galyan’s Trading Company has finally come to the conclusion that they are what most people say they are – a big box sporting goods retai
Author: SGB Media
Dick’s Ups Guidance for the Year…
Dick's Sporting Goods beat Wall Street’s estimates for third quarter earnings and raised guidance for the full year. The analysts’ consensus estimate for DKS was 16 cents a share on revenue of $334.3 million…
Hibbett’s Focus Pays Bigger Dividends…
Hibbett Sporting Goods didn’t have as many weather-related issues in the third quarter due to a product mix focused on fewer cyclical items and weather-dependant categories like outerwear and outdoor equipment…
Hogan Apparel has Sport Haley Looking Ahead to Brighter Days…
Sport Haley’s fiscal first quarter results were encouraging for management, but the company let a 9% increase in SG&A costs prevent a positive net income. The net loss did, however, decrease 7% from $173,000 to $161,000, showing some improvement…
Airwalk Banker Gets Expedited Hearing…
Congress Financial, Airwalk International’s senior secured creditor, has been granted an expedited hearing on November 26, 2003 to press their case with the U.S. Bankruptcy Court in Denver. The Court had stayed the initial NY State Court order that enabl
Watercraft Sinks Johnson Outdoors…
Johnson Outdoors is taking full responsibility for their poor performance in the fourth quarter. Chairperson and CEO Helen Johnson-Leipold said repeatedly said in a conference call with analysts that the management team is “disappointed”, and “It’s time
Dwindle Opens Chop Chop Wood Shop in China for Skate Decks..
Dwindle Distribution announced this week that they will now be producing all of their skateboard decks in China. The new facility has been named the “Chop Chop Wood Shop” and is expected to allow the company to increase the number of man hours spent on ea
Amer Takes on ATEC, Dumps Tobacco…
Wilson Sporting Goods has purchased the Athletic Training Equipment Company from Sport Supply Group for a cash consideration of $10.5 million. ATEC, which manufactures pitching machines and training equipment, posted $11 million in sales last year and we
Genesco Adds Nike to Mall Mix…
Genesco is tapping into the renewed focus on athletic in the mall, deciding to add Nike to their broad breadth of footwear suppliers at Journeys and Underground Station. The company said it will add Nike to a “majority” of Underground Station stores and
Exclusive Product Will Make the Difference at Famous Footwear…
Brown Shoe Company management made the declaration last week in a call with analysts that “Famous Footwear is no longer a low-priced footwear chain”, stating that the chain offers top brands at exceptional value…
Carnival Held Back by Boot Weakness…
Although Shoe Carnival didn’t meet analysts’ (or its own) expectations for comp store sales for the third quarter, the retailer controlled expenses and saw improvement in gross margin through better inventory management to deliver results in line with the
SEW Goes One-On-One with… Jim Tompkins
Jim Tompkins is President and COO of New Balance Athletic Shoe, Inc. Mr. Tompkins joined the company in 1984 as a product manager and moved to the U.K. in 1985 to serve as the Sales & Marketing Manager for New Balance Europe. He returned in 1988 to as
Watercraft Division Sinks Johnson Outdoors’ Q4 Results
Johnson Outdoors Inc. announced earnings per diluted share of $0.63 for the 2003 fiscal year ended October 3, 2003, in line with preliminary earnings guidance previously provided by the Company. Last year's earnings per diluted
share of $0.94 were f
Fourth Quarter Net Income Up at Stage Stores On Lower Sales
Stage Stores, Inc. net income for Q3 ended November 1, 2003 was $12.9 million, or $0.63 per diluted share, compared to $10.2 million, or $0.50 per diluted share, for the prior year Q3. Total sales for the 13-week period decreased 3.2% to $197.9 million fr
Crossover King Sues Nike, AND1, and Reebok
The owners of SB Designs, a small Chicago-based apparel company, have sued basketball apparel power-players Nike, Reebok, AND1 and several other companies for infringing its trademarks.
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