Amer Sports reported fourth quarter sales were down slightly $495.3 million ($653.2 mm) versus $497.1 million ($720.0 mm) a year ago. In local currencies, net sales decreased 3%. Earnings before interest and taxes (EBIT) before non-recurring charges were
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Fairway and Greene Inks PGA Deal
The Wyndham Championship has signed a new three-year deal with Fairway & Greene, which will produce official apparel for the PGA Tour event. As the official provider, Connecticut-based Fairway & Greene will produce all apparel for tournament officials, st
REI Boulder Awarded LEED Gold Rating
Recreational Equipment, Inc. (REI) announced that its prototype store in Boulder, Colo. has been awarded LEED (Leadership in Energy and Environmental Design) Gold certification from the U.S. Green Building Council (USGBC). REI Boulder is a remodeled and e
Unifi Posts Q2 Loss
Unifi Inc. reported a net loss of $9.1 million or 15 cents per share, in the second quarter ended Dec. 28, versus a deficit of $7.7 million, or 13 cents, in the same quarter last year. Net sales tumbled to $125.7 million for the quarter, down from $183.4
Dick’s SG Comps Fall 8.6%; Will Take Impairment Charge
Dick's Sporting Goods, Inc. expects to record a pre-tax impairment charge in the range of approximately $165 million to $180 million that will decrease net income by $144 million to $153 million, or approximately $1.29 to $1.37 per diluted share in f
Court Rules Phthalate Ban Is Retroactive
The United States District Court for the Southern District of New York has unequivocally reversed the Consumer Product Safety Commission's (CPSC) opinion regarding the non-retroactive application of the phthalate ban. According to the SGMA, the court
Chernin’s Shoe Outlet Going Out of Business
Chernin's Shoe Outlet LLC, the discount footwear retailer, is going out of business. The Chicago-based chain filed for Chapter 7 bankruptcy, listing assets of between $500,000 and $1 million and liabilities of between $1 million and $10 million…
JD Sports Lifts Profit Goal
JD Sports Fashion Plc, the U.K.’s third-largest sporting-goods retailer, said for a second time this year that earnings will beat analysts’ estimates. The “positive sales uplift” reported for the Christmas holiday was sustained in January, the Bury, Engla
Augusta Sportswear Broadens Payment Options
Augusta Sportswear recently increased its level of service by providing additional payment options. In addition to Visa and Master Card, the company added American Express, Discover and Convenience Pay…
RECALL: Mavic Bikes
About 12,000 bicycles with R-SYS front wheel rims, made in France and imported by Mavic USA, of Haverhill, Mass. were recalled because the spokes on the front wheel rim can break during use, posing a fall and crash hazard to riders. The company has receiv
Citi Trends Reports 1.9% Q4 Comp Decline
Citi Trends, Inc., the value-priced retailer of urban apparel, reported total sales in the 13-week period ended January 31, increased 8.9% to $146.6 million compared with $134.6 million in the 13-week period ended February 2, 2008. Comparable store sales
Columbia Sponsors Amgen Bike Tour
Columbia Sportswear Co. will be the sportswear partner of the 2009 Amgen Tour of California professional cycling road race. Under the sponsorship, Columbia will outfit staff, VIPs, local volunteers and all VERSUS, Web site and on-site announcers with indu
Sport Chalet Reviews Strategic Alternatives
Sport Chalet, Inc. said it was evaluating strategic alternatives, including raising additional capital and amending or replacing its current credit facility. This includes retaining Wedbush Morgan Securities as its financial adviser…
New Balance celebrates Susan Komen anniversary
To celebrate its 20th year as a sponsor of Susan G. Komen for the Cure in 2009, New Balance is introducing a pink special edition New Balance 993 running shoe and plans an expected $1 million donation to Susan G. Komen for the Cure…
McDavid Names Marketing Product Manager
McDavid named Melissa Poole to the newly created position of marketing product manager to support the company’s rapid growth of its protective apparel category, which features its patented HexPad technology. Prior to joining McDavid, Poole worked in packa
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