On its third quarter conference call, Easton-Bell Sports Inc. noted that the economy has taken a “significant downturn” since September, but it was able to deliver a solid third quarter with the help of new products. As reported last week, Easton-Bell
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Crocs Posts $148 Million Loss After Charges
Crocs, Inc. lost $148 million, or $1.79 per share, in the third quarter after non-cash charges totaling $104.1 million in restructuring, impairment and inventory writedowns. Revenues dropped 32% to $174.2 million from $256.3 million…
Adams Golf Posts $1.2 Million Loss
Adams Golf, Inc.'s revenues decreased 6% in the third quarter ended Sept. 30, to $17.7 million from $18.9 million a year ago. The company reported a net loss of $1.2 million, or 18 cents a share, for the third quarter compared to net loss of $0.3 mil
K-Swiss Declares Special Cash Dividend
K-Swiss Inc. said its Board of Directors has declared a special cash dividend of $2.00 per share, or approximately $70 million. The dividend is payable on Dec. 24 to shareholders of record as of Dec. 10…
Nike Recalls Running Tool
Nike Inc. is conducting a voluntary recall of its Nike+ SportBand, which uses a sensor system in a Nike armband and shoe to help runners track their workout details. The company said the armband has a faulty seal, which was allowing moisture into some dev
Bolio’s Sporting Goods Closes
Bolio's Sporting Goods in Wallingford, CT, has closed after nearly 40 years in business. According to the Meriden Record-Journal, the store was hurt by big-box competition and a difficult economy…
Under Armour Becomes Texas Tech’s Supplier
Under Armour has become the exclusive supplier of performance footwear and apparel to Texas Tech. The five-year, $11 million agreement gives Under Armour the right to provide uniforms, apparel and footwear to each of Tech's 17 varsity athletic teams
Callaway Wins Post Trial Motions in Acushnet Lawsuit
Callaway Golf announced that the United States District Court in Wilmington, Delaware, has granted Callaway Golf's request for a permanent injunction to stop sales of Acushnet's current line of Titleist Pro V1 family of golf balls, effective no
Sport Chalet Launches New Website
Sport Chalet, Inc. will launch a new website on Nov. 22 as the first phase of an e-commerce strategic plan that will allow it to better connect with customers. In 2009, Phase Two of the transition will enable customers to complete purchases online and hav
Zappos Lays Off 8% of Workforce
Zappos.com has laid off 8% of its workforce and plans to close retail locations in Nevada and Kentucky. According to an e-mail to employees that was also posted on the company's blog, Zappos CEO Tony Hsieh said, “This is one of the hardest decisions
Converse Makes Exclusive Line for JC Penney
Converse has agreed to create a signature performance basketball footwear line available exclusively at JCPenney featuring professional basketball star Elton Brand. The EB1 retails for $65 and began reaching stores on Nov. 1. The shoe will roll out in add
Christy Sports Celebrates 50 Years of Business
Christy Sports said it's celebrating its 50th year of operation with special discounts, giveaways and an end-of-season anniversary ski party. Said Keith Liefer, COO of Christy Sports, “It's our birthday and we want to make sure that our custome
Yue Yuen Reports 25% Sales Gain in October
Yue Yuen Industrial Holdings Ltd, the world's biggest sports shoe maker incorporated in Hong Kong, reported its sales revenue in October amounted to US $414.4 million, up 25% from US $351.9 million a year earlier…
Sports Authority Opens Two Stores in New Jersey
Sports Authority plans to open two stores in South Jersey on Nov. 15. The stores will open in Turnersville at 141 Tuckahoe Road and in Cherry Hill at 2139 Route 38. Each store will be 42,000 square feet. With the openings, TSA, based in Englewood, CO, wil
Cabela’s to Pay Exports Fine
The Commerce Department's Bureau of Industry and Security (BIS) announced that Cabela's Inc. has agreed to pay a civil penalty of $680,000 to settle allegations that it committed 152 violations of the Export Administration Regulations involving
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