Fresh off a promising December that saw retailers report 2.8% growth against easy year-ago comparisons and a late holiday spending spree, January retail results foresaw consolidated same-store sales surge 3%– well above initial projections — despite nas
Author: sportsoneauthor
Wolverine World Wide Sees Growth Resuming in 2010 after Down Fourth Quarter
Wolverine World Wide’s fourth quarter profit fell on currency exchange impacts, restructuring costs, and a 9.7% sales decline to $312.5 million. But the company predicted a return to growth in 2010, citing a strong performance at its owned-retail bu
Jones Resigns as Chairman of JJB Sports
David Jones has stepped down as company chairman of JJB Sports, effective January 31, due to his long-running battle against Parkinson's disease…
Ski Market Enters Final Chapter with GOB Sales
Ski Market, which filed for Chapter 11 bankruptcy protection on Dec. 29, 2009, in hopes of finding a buyer, has instead commenced liquidation of its stores. In a bankruptcy auction in Boston held Friday, Gordon Brothers Retail Partners LLC won the right t
Walking Co. Keeps Most Stores in New BK Exit Plan
The Walking Company Holdings, Inc. filed a bankruptcy reorganization plan which enables the comfort shoe retailer to keep 207 of its 214 (over 96%) current store locations open and pay off all its debts to trade creditors. It plans to exit Chapter 11 prot
Adidas Restructures U.S. Staff
Adidas America, Inc., last week laid off a small number of employees as part of a U.S. restructuring at its Portland, OR headquarters but indicated that it still expects to see job growth in the U.S. this year…
Amer Sports Increases Fourth Quarter Profits Despite Sales Decline
Amer Sports’ fourth quarter was impacted by challenging conditions in the sporting goods market throughout 2009 as well as weak global economic conditions and uncertainty about the financial markets' performance…
Sport Chalet Sees Tax Relief Help Narrow Fiscal Q3 Loss; Comps Fall Again
With help from tax loss carry-forwards extended under last year’s stimulus package, Sport Chalet, Inc. cut its net loss for the fiscal third quarter by 88% despite a decline in sales…
Trek Bicycles Reaches Settlement with Former Racing Champion Greg LeMond
Trek Bicycles has come to terms with racing legend and three-time Tour de France champion Greg LeMond, over a lawsuit filed nearly two years ago. Under the terms of the settlement, Trek has agreed to make a pair of $100,000 donations to a charity called O
Sport Supply Group Fiscal Q2 Sales Increase, but Earnings Down on Debt Retirement
Sport Supply Group reported that sales increased 4.4% for its second fiscal quarter ended December 31 to $55.5 million from $53.1 million in the year-ago period. Earnings fell by 12.4% for the quarter, from $1.1 million to $0.9 million in the latest quart
Johnson Outdoors Narrows Fiscal Q1 Loss
Johnson Outdoors, Inc. cut its losses from continuing operations by more than a third in the fiscal first quarter ended Jan. 1 on a 1% rise in net sales, primarily driven by a resurgent diving business and a 3.5% sales gain at its largest business – marin
Unifi Swings to Fiscal Q2 Profit
Unifi, Inc., reported net income of $2.0 million, or 3 cents per share, for the second quarter of fiscal 2010 compared to a net loss of $9.1 million, or 15 cents per share, for the same prior-year period…
RECALL: Summit Tree Stands
A recall has been issued involving numerous models from Summit Tree Stands. The recall will affect approximately 6,800 Talon Hunting Hang-on Tree Stands and Brackets/Straps…
Timberland Fourth Quarter Earnings Soar Despite Flat Sales
The Timberland Company saw fourth quarter earnings jump nearly 70% despite flattish revenues as strong growth from the SmartWool brand and performance footwear were offset by declines in boots in North America and Asia…
Asics Corp Sees Double-Digit Sales Decline in Fiscal Q3; U.S. Up Single Digits
Asics Corporation posted an 11.0% decrease in revenues for the fiscal third quarter ended December 31. Total consolidated worldwide revenues were ¥164.3 billion ($1.83 bn), compared to ¥184.6 billion ($1.90 bn) in the year-ago quarter…
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