The Safe, Accountable, Flexible, Efficient Transportation Equity Act-Legacy for Users (SAFETEA-LU) was signed into law by President Bush last month, providing $612 million for Safe Routes to School, $370 million for Recreational Trails, and $893 million f
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
DSW Sees Q2 Sales Jump 17.8%, Net Up 4.5%
DSW Inc. announced a 4.5% increase in net income of $9.3 million for the second quarter, compared with $8.9 million last year. Net sales for the quarter were $276.2 million, a 17.8% rise from $234.4 million during last year's second quarter. The seco
Athletic Footwear: The Rumors of My Death are Greatly Exaggerated…
Wall Street analysts seemed to be working overtime the last few weeks, apparently trying to justify some recent comments made by a few that athletic footwear is on the decline. While a few retailers did report a slowdown in their Q2 sales of sneakers, mo
August Retail Results Serve Up a Surprise; BTS Shift May Bode Well for September…
The August retail landscape served up more of the same results for the month as soaring gasoline prices and hotter-than-normal weather stymied any significant growth. The market will need a real shift in the weather in September to overcome the impact of
The Finish Line Forced to Cut Outlook on Competitive Pressure, Lower ASP’s…
The Finish Line pointed to an increasingly competitive and promotional environment in the mall, as well as “limited introductions and wider distribution of new and compelling performance products,” for a flat footwear business in the second quarter. But
Forzani Posts Q2 Loss on Repositioning Charges; Sees Strong BTS Results…
The Forzani Group experienced a solid fiscal second quarter at retail with positive comps in both corporate and franchise stores. The retail increase was partly due to the inclusion of Nevada Bob's franchise retail sales and the National Sports corp
Ashworth Gets Lift from Gekko to Post Fiscal Q3 Sales Gain, While Department Stores Eat into Bottom Line…
Ashworth, Inc. saw continued weakness in its domestic golf channel business in the fiscal third quarter ended July 31, but is also starting to learn the lessons of increased distribution in the department store channel as heavy markdown allowances attribu
Antigua Sees Q2 Income Fall…
A 3.0% sales gain for the second quarter was not enough to prevent a sharp drop in the bottom line for apparel manufacturer Antigua Enterprises, Inc. Sales increased for the quarter to $13.2 million from $12.8 million last year.
Despite the sales gain, g
Colassi Picks Up Win in Cybex Lawsuit…
A jury verdict has been rendered in the patent infringement suit filed by Gary Colassi against Cybex Int’l, ruling that Cybex's Stableflex deck system, utilized in its treadmills, infringes a patent held by Collasi. The jury awarded $2.5 million in d
Delay of Talks on Embargoes Could Limit Assortments this Winter…
In late June, the Department of Commerce placed quotas on apparel imports from China. Those quotas, which were quickly filled when larger vendors and retailers aggressively moved to secure deliveries, have now turned into an embargo and many retailers may
Foot Locker Sees Gross Margins Hurt by Decreased Vendor Allowances…
Foot Locker, Inc. filed its form 10-Q for the fiscal second quarter last week, revealing that sales in its athletic stores increased 3.1% to $1.23 billion from $1.19 billion in the prior-year period, while the Direct business, which includes the footlocke
Callaway Wins Suit Against Dunlop but Original Damages Halved…
A jury awarded $2.2 million to Callaway Golf in a suit against Dunlop Slazenger over an allegedly false advertisement claiming that Dunlop golf balls went farther. The award was split into two parts, $1.1 million for lost sales and $1.1 million for the co
K2 Sports Hopes to Serve Broader Bike Market with K2 Bike Licensee…
K2 Sports entered into a multi-year agreement with World Wide Cycle Supply to license K2 Bikes. As part of the agreement, WWCS will design, manufacture, market and distribute K2 Bikes. K2 Sports will discontinue all bicycle operations and transfer the exi
FFA Provides Physical Education Grants and Workshops…
The Future Fisherman Foundation awarded over $160,000 in National Fishing and Boating Education Grants to various physical education programs in schools across the country. The recipients will use the grant funds to teach fishing and boating in their scho
Hurricane Katrina: The Impact and the Aftermath; How Can the Industry Help the Country Prepare…
When Hurricane Katrina hit the gulf coast last week it was first assumed that New Orleans had lucked out as the storm moved east and hit the Mississippi coast head on. As we all know by now, the subsequent flooding of the city of New Orleans, the effect
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