Author: Thomas J. Ryan

Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699

Zumiez Suffers Loss on 18.8% Comp Decline

August 20, 2009 SGB Update

Zumiez Inc. reported sales decreased 7.7% for the second quarter ended Aug. 1, to $85.2 million from $92.3 million a year ago. The action sports retailer lost $3.1 million, or 10 cents a share, in the period after a charge of $1.3 million, or 3 cents a sh

Hibbett’s Profits Plunge 77% in Q2

August 20, 2009 SGB Update

Hibbett Sports, Inc. reported second-quarter sales slid 5.5% to $123.1 million from $130.3 million a year ago. Comps were down 10.5%. Net income fell 77.1% to $1.1 million, or 4 cents a share, from $4.8 million, or 17 cents, a year ago…

U.S. Bicycle Route System Gains Grants

August 20, 2009 SGB Update

Adventure Cycling Association announced three new grants in support of the organization's work to establish an official United States Bicycle Route System (USBRS). The grants will enable Adventure Cycling to continue its organizing and cartographic w

Foot Locker Posts Break-Even Q2, Comps Erode 12.1%

August 20, 2009 SGB Update

Foot Locker, Inc. reported break-even earnings for the second quarter ended August 1 compared with net income of $18 million, or 11 cents a share, in the same period a year ago. Sales decreased 15.6%, to $1.1 billion from $1.3 billion. Excluding the effec

Everlast Renews USA Boxing Sponsorship

August 20, 2009 SGB Update

Everlast Worldwide, Inc., has signed on as USA Boxing’s official equipment and apparel sponsor, extending their current agreement, which previously covered only USA Boxing’s equipment needs…

RECALL: Felt Cyclocross Bikes

August 20, 2009 SGB Update

The U.S. Consumer Product Safety Commission, in cooperation with Felt Bicycles, has issued a voluntary recall of about 1,500 Felt F1X cyclocross bicycles from 2007/2008…

RECALL: Nirve Sports Bikes

August 20, 2009 SGB Update

Nirve Sports Ltd. is voluntarily recalling 120 Cannibal Bicycles due to problems with the bicycle's stems. Nirve has received reports of cracked stems…

Perry Ellis Slightly Shrinks Q2 Loss

August 19, 2009 SGB Executive SGB Update

Perry Ellis International's loss slightly narrowed to $5.3 million in the second quarter from $5.4 million a year ago. The loss per share was 42 cents versus 36 cents due to fewer shares in the most recent period although the company noted that Thoms

Dreams Inc. Sees 10% Sales Decline in Second Quarter

August 19, 2009 SGB Executive

Dreams, Inc., the parent of the FansEdge e-commerce site, reported its losses slightly narrowed to $1.1 million in the second quarter from $1.2 million for the same quarter last year. Revenues declined 10%, to $12.2 million, compared to $13.6 million repo

Nike Launches Nike+ Human Race 2009

August 19, 2009 SGB Executive SGB Update

Nike, Inc. kicked off registration for the Nike+ Human Race 2009, a 10k worldwide running event back for its second year. With nearly 780,000 participants in its inaugural year, this multi-city event will take place on October 24 in more than 24 cities…

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