On August 14, 2009, new requirements of the Consumer Product Safety Improvement Act (CPSIA) will take effect that are aimed at making children's products safer and increasing consumer confidence in the marketplace…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Zeal Optics’ Names Gavin as Channel Manager
Zeal Optics announced the addition of Sean Gavin as Channel Manager. He will also play a critical role in business development and partnerships. Sean has a diverse collection of experience within outdoor sports retail sales and management…
K-Swiss Posts Loss in Q2, Worldwide Futures Down 30.6%,
K-Swiss Inc. reported sales slumped 34.8% in the second quarter to $54 million from $82.9 million a year ago. The company reported a net loss of $11.5 million, or 33 cents a share, in the period…
Amer Sports Q2 Loss Doubles, Sales Down 6% in Local Currencies
Amer Sports reported net sales of €284.7 million ($387.8 mm) were at last year's level of €285.1 million ($455.7 mm). In local currencies, net sales decreased by 6%. Sales in Winter and Outdoor increased by 2% and in Ball Sports by 4%. The net loss i
Macy’s Comps Drop 10.7% in July
Macy’s, Inc.reported total sales of $1.377 billion for the four weeks ended Aug. 1, a decrease of 10.7% compared with total sales of $1.543 billion in the year-ago period. On a same-store basis, Macy’s, Inc. sales also were down 10.7% in July…
Escalade Sees 20% Drop in Sporting Goods Sales in ’09
Escalade Inc. reported that its Sporting Goods division's net sales declined 19.8% and 16.6% in the second quarter and first half of fiscal 2009 respectively. The company expects Sporting Goods sales to be approximately 20% lower in 2009 compared to
New Balance Details Leather Sourcing Strategy
New Balance released details of its leather sourcing and the Brazilian Amazon biome policy. The statement came after several shoe companies, including adidas, Clarks, Nike and Timberland, have demanded suppliers stop sending them leather from illegal ranc
Crocs Sales Slide 11.3% in Second Quarter
Crocs, Inc. reported Q2 revenue slid 11.3% to $197.7 million from $222.8 million a year ago but exceeded company guidance for the quarter. On a non-GAAP basis, the company’s Q2 2009 net loss after taxes was $5.0 million, or 6 cents a share…
Garmin’s Second Quarter Earnings Slide
Garmin Ltd. reported second-quarter earnings slid 36.% to $161.9 million, or 81 cents a share, from $256.1 million, or $1.19, a year ago. Total revenue of $669 million, down 27% from $912 million in second quarter 2008. Outdoor/Fitness segment revenue dec
American Sporting Goods Tom O’Riordan Resigns
American Sporting Goods announced that Tom O'Riordan, chief executive officer and president, has resigned from the company effective immediately. Chairman Jerry Turner will take the reins and continue to guide the company as it enters its 25th year i
Sport Chalet Narrows Q1 Loss, Comps Drop 14.7%
Sport Chalet, Inc. saw sales decrease 8.9% to $79.4 million for the first quarter of fiscal 2010 from $87.1 million a year ago. Comps tumbled 14.7%. The net loss was narrowed to $3.0 million, or 21 cents per share, compared to a loss of $4.5 million, or 3
FGX Intl. Sees Q2 Profits Climb
FGX International, the maker of prescription and sunglasses, reported second-quarter sales increased 12% to $75.1 million from $66.8 million in the second quarter of 2008. Net income from continuing operations increased 54% to $6.1 million, or 27 cents a
Prince Tennis Launches Global Social Media Initiative
In the lead up to the 2009 U.S. Open, Prince has engaged New York-based hot shop Conversation to design, develop, and execute a multi-pronged initiative to increase product demonstrations and drive additional brand awareness globally….
Feel Golf Acquires Assets of Caldwell Golf
Feel Golf Company, Inc. has purchased the assets of Caldwell Golf Company, Inc. for an undisclosed amount. Feel Golf, based in Monterey County, CA, is a manufacturer of golf clubs and reverse taper golf grips. Caldwell Golf offers advanced ceramic technol
Eastern Mountain Sports Lands New Financing
Eastern Mountain Sports said that in order to facilitate future growth, it closed on new financing totaling $50 million. In addition to raising new equity from existing investors, EMS closed on a new, larger senior credit facility led by Wells Fargo Retai
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