Gildan Activewear seems to be avoiding the downward price pressures of the commoditized Tee-shirt industry and reported fiscal third quarter net earnings of $34.1 million, an increase of 30.2% over last year. EPS was 57 cents per share, a 29.5% gain over
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
LaCrosse Bounces Back to Profitability…
LaCrosse Footwear second quarter sales were $19.8 million, an increase of 6% from $18.6 million in the second quarter of 2004. Sales in 2004 included $500,000 from General Services Administration delivery orders for uniform boots and $1.5 million from the
Amer Sports Shrugs Off Wilson Golf and Suunto Weakness to Post Strong Q2…
In spite of slow sales in two of its six divisions, Amer Sports Corporation reported a six percent currency neutral sales gain during the second quarter with a substantial increase to the bottom line. Fitness equipment led the way with a 21% increase in s
Hi-Tec Sports Inks MoonStar as Japan Licensee…
Hi-Tec Sports PLC has inked an agreement with MoonStar to distribute and license its Hi-Tec brand in the Japanese market. MoonStar distributes New Balance, K-Swiss, and Kappa, and has been the distributor and licensee of the highly successful Converse bra
Golf Rounds Played Inch Up in June…
The National Golf Federation reported that same-store rounds played in the U.S. increased marginally (0.2%) in June 2005 vs. June 2004. The estimate is based on data from operators at 1,663 golf facilities. The resulting year-to-date total through June
Everlast Takes One on the Chin…
In spite of a 36% increase in overall revenues during the second quarter, Everlast Inc. posted a net loss of $596,000 compared to net income of $79,000 in Q2 last year. During the quarter, the company took a $600,000 hit for events including a pension lia
Big 5 Moves to Upgrade Experience in the CFO Post; Kirk to Remain as SVP…
Big 5 Sporting Goods Corporation is making changes in its finance and accounting department in order to improve the company's accounting and financial reporting, as well as the company's internal controls. Under this initiative, Big 5 will recru
Callaway Golf Appoints CEO; Moves to Dispel Takeover Talk…
Callaway Golf Company has put a critical component in place in the effort to turn around the company’s fortunes that have been under pressure since the acquisition of Top-Flite two years ago. The ELY Board of Directors last week appointed George Fellows
July Comps Mixed as Back-to-School Shifts and Inventories Tighten…
It appears as though July is settling in to become even more of a “tweener” month at retail as the back-to-school season moves closer to, or even after, the start of classes and retailers struggle to balance the desire for lean inventories and the need to
Foot Locker Sees Europe Issues Stymie Q2 Progress…
Foot Locker, Inc. saw continued softness in its European operation in the second quarter ended July 30 nearly offset gains in the U.S., Canada, and Asia-Pacific businesses as total comp store sales inched up just 1.3% for the period. Total sales were up
Retail Execs’ Outlook Brighter than July Results…
The July survey of Retail Executives conducted by the National Retail Federation again appeared to differ a bit from the realities of the comp sales results for the month as the view in the corner office brightened for the opportunities for both the near-
Hybrids Look to be all the Rage for Spring ‘06…
Multi-Sport. Water Sports. Trail Running. They are all terms we have heard associated with outdoor footwear. You will hear a lot about them in the coming weeks, but you will also need to get used to one more that will be used widely at Outdoor Retailer S
Salomon Narrows Q2 Loss on 2.9% Sales Increase…
adidas-Salomon reported that Salomon second quarter sales were up 2.9% to €70 million ($88.2 mm) from €68 million ($81.9 mm) in the year-ago period. Gross margins improved 50 basis points to 37.2% of sales and the operating loss for the division narrowed
TEA Bill Could Benefit Outdoor and Bicycle Industries…
The final federal transportation bill set for approval by both the House and Senate will launch a new Safe Routes to School program, and strengthen existing programs that will make it safer and easier for millions of Americans to bicycle and walk. However
blurr Implements New, Aggressive U.S. Sales Strategy…
blurr recently added to its sales force with the intent of pursuing an aggressive distribution strategy for the US market. Toby Reid, formerly of Mountain Equipment Co-op and G3, has joined blurr as sales manager as of March 2005, and has since enlisted t