While the winter weather never materialized for many U.S. retailers this year, Forzani experienced too much of a good thing during the fiscal first quarter ended April 29. The weather remained wet and cold throughout much of Western Canada, causing many r
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
LOWA Retains U.S. Distribution Rights for Tecnica…
LOWA has taken over distribution rights to the Tecnica Outdoor Footwear Division for the U.S. market, effective January 1, 2008. The LOWA hiking and Tecnica ski brands are both owned by The Tecnica Group, based in Giavera, Italy.
The division encompasses
Sport Chalet Q4 Impacted by Winter Slow Down…
Sport Chalet is still feeling the impact of one of the driest winters in California history on its winter sports sales, but the company introduced its spring product earlier than normal this year and was able to capitalize on the shifting seasons to a gre
American Skiing Company Sells Sunday River and Sugarloaf…
American Skiing Co. entered into a definitive agreement to sell its Sunday River and Sugarloaf/USA resorts in Maine to Boyne USA, Inc. for $77 million in cash. Boyne will also assume $2 million in debt and other liabilities. The announced sale follows the
Vail Resorts Sees Fiscal Q3 Revenues Grow 8.2%…
In a healthy wrap-up to its 2006/2007 ski season, Vail Resorts Inc.'s revenue grew 8.2% in its third quarter ended April 30, to $369.5 million. Net income advanced 14.9% to $78.5 million, or $1.99 per share, from $68.3 million, or $1.75, a year ago.
DSW Offsets Q1 Comps Dip with Expense Controls…
DSW Inc. pointed to a lack of warm weather across the U.S. in the fiscal first quarter as a primary component in decline in comp sales for the period. Management said that unlike recent quarters, comps this time around varied widely by region, ranging fr
Sports Direct Takes 4.9% Stake in Amer Sports…
Britain's biggest sports retailer, Sports Direct Plc, paid €58.4 million ($78.8 million) to take a strategic 4.9% stake in Amer Sports. Sports Direct described the purchase as a “strategic investment” consistent with its objectives stated at the time
Golf Apparel Brands Acquires Sahara Sportswear…
Golf Apparel Brands Inc. has acquired Sahara Sportswear. The company's roster of golf brands already includes La Mode, Clark & Gregory, Fairway Blues, and The Golfer. GABI also supplies private label to better clubs and resorts…
Everlast Faces Termination Fees if Hidary Deal Falls Through…
Everlast Worldwide Inc. said that it will be required to pay Hidary Group a $3 million termination fee under certain circumstances if it ends a merger agreement between the companies during the current “go shop” period, according to a filing with the Secu
Quiksilver Continues Struggle With Hardgoods…
Quiksilver, Inc. slipped into the red during their fiscal second quarter ended on April 30, due primarily to seasonal losses in the Rossignol business and declines in the Cleveland Golf business. Quiksilver’s core action sports brands remained strong thro
Kellwood First Quarter Gets American Recreation Boost…
Kellwood reported that net sales for the first quarter were $484.4 million, a 2% decline from the $493.8 million last year. The majority of the decrease was planned within the company’s women's sportswear segment and to a lesser extent within men
Grassroots Retailers Head to the Early Show
The Grassroots Outdoor Alliance kicked off its annual Early Show on June 11th. The Early Show is an invitation-only event for 30 vendors to meet with the 32 retailers in the Grassroots Outdoor Alliance. Each member is required to meet with each vendor all
Industry Dances Around New Acquisition Talk…
In a market environment that tends to see a new acquisition or merger deal each week, it now appears that the absence of a deal after some wild speculation now garners as much attention. It is interesting to note that while the stock market has been on a
Payless Posts 5% Q1 Comps, Plans New DC; COO Exits…
Fresh off its announced plan to acquire Stride Rite, Inc., Payless ShoeSource, Inc. reported first quarter results that included single-digit gains on the top and bottom lines and were among the best to come out of family footwear retail. In addition, PSS
More Execs Make Moves…
Payless’s EVP/COO was not the only key executive to move about last week as several sporting goods companies saw new faces in high level roles, while others saw old faces depart. Hibbett Sports, Inc. saw president Brian Priddy resign; Fila USA named Andr
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