Cabela's Inc. will get a nice $90 million boost in the cash line this year from the sale of land and the monetization of economic development bonds. CAB pocketed roughly $21 million from the sale of land around four of its store locations. Only $1.
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Coleman Making a Comeback Under New Ownership…
Jarden Corporation, the parent company for the Coleman business, saw its second quarter sales more than triple due to the acquisitions of American Household, Coleman’s former parent company. Net sales increased 279% to $754 million compared to $199 millio
Big 5 Q2 Comps Up 2.7%; Delays Q…
Big 5 Sporting Goods Corp. reported that comp store sales for the fiscal second quarter ended July 3 were up 2.7% on top of a 3.9% same-store increase in Q2 last year. The retailer issued the sales news late last week, but also indicated that it would de
GSI Commerce Sees Big Q2 Revenue Increases, Still Can’t See Profit…
During the second quarter, GSI Commerce Inc. continued its expansion outside the realms of sporting goods, signing agreements with both GNC and Zale Corporation. Despite the growth into other markets and increases in revenues, the company yet again failed
Rocky Earnings Double on EJ Acquisition; Organic Growth Flat…
Rocky Shoes and boots reported that second quarter sales and income doubled due to their acquisition of EJ Footwear. However, on an organic basis, Rocky sales were relatively flat, only climbing 0.4% during the quarter to $27.5 million, and falling 0.4% t
Thule Recovers from Slow Q1…
After a flat first quarter, Thule reported first half sales increased 5.5% to SEK 1.52 billion ($214 mm). The success was driven primarily by a solid performance in Europe, which saw sales increase 10% due to growth in rear-mount carriers and boxes. The c
Saucony Q2 Results Do Little to Impress New Ownership…
It is the last quarter that Saucony, Inc. will report quarterly numbers, and the brand showed little near-term upside for The Stride Rite Corporation, which hopes to close on the acquisition of Saucony in Q3. Second quarter net sales at Saucony, Inc. decr
Golf Galaxy Sees Nice Spike in First Day of Trading…
It appears that the Wall Street appetite for specialty retail continues as Golf Galaxy, Inc., the 45-door golf specialty retailer based in Minnesota, closed its first day of trading on the NSDAQ exchange with a 32.9% increase in share price. GGXY shares
Skechers Sees Continued Momentum; Raises Third Quarter Guidance…
Skechers USA, Inc. certainly looks as though its multi-brand strategy is starting to pay dividends as second quarter sales and earnings growth easily outpaced expectations on Wall Street. Consolidated net sales increased 12.5% to $263.9 million in the se
Specialized and Supergo Agree to Disagree and Terminate Relationship…
Specialized and Supergo bike shops announced Friday that they had reached an “amicable agreement” to terminate their relationship. The action comes after almost a year of discussion and negotiation. Supergo will sell the remainder of its inventories of
Recalls: Sportcraft and VisionTech USA
The CPSC and Sportcraft Ltd. announced a voluntary recall of about 12,000 Tredex 6.0, TX 440 and TX 550 Treadmills. The treadmill can unexpectedly accelerate and cause users to fall and sustain injuries. The CPSC and VisionTech USA, Inc., announced a volu
The Friedrichshafen OutDoor Show: First Impressions…
With the OutDoor show in Friedrichshafen, Germany edging in three weeks before Outdoor Retailer Summer Market, a number of U.S. buyers and journalists showed up to get a sneak peek at the newest gear before the “official” launch in North America at the Ou
Exel Invests Heavily in Nordic Walking Expansion…
The Exel group’s sport division, one of the primary drivers behind the Nordic walking movement in Europe and the U.S., reported a steady first half performance with sales climbing 2.2% to €19.0 million compared to €18.6 million last year. However, investm
Johnson Outdoors Provides Insight Into Watercraft Future…
Johnson Outdoors hosted their Annual Meeting of Shareholders, celebrating the company's 35th anniversary. During the meeting, company chairman and CEO, Helen Johnson-Leipold shared her vision for the company’s future and remarked on some recent miles
Garmin Sees More Success in Outdoor Electronics in Second Quarter…
Garmin seems to have recovered from the raw material supply issues it experienced over the past two quarters with increased sales, margins, and profitability during the second quarter. The consumer segment, which includes outdoor and fitness oriented GPS