Under Armour, Inc. reported revenues increased 30% in the second quarter to $156.7 million from $120.5 million. in the second quarter of 2007. Second quarter net income dropped 75.4% to $1.4 million, or 3 cents a share, from $5.7 million, or 11 cents, a y
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Under Armour Ups Guidance on 30% Q2 Sales Gain
Under Armour, Inc. reported revenues increased 30% in the second quarter to $156.7 million from $120.5 million. in the second quarter of 2007. Second quarter net income dropped 75.4% to $1.4 million, or 3 cents a share, from $5.7 million, or 11 cents, a y
Mervyns Files for Bankruptcy
Mervyns LLC filed for Chapter 11 bankruptcy late Tuesday. The mid-tier department store chain said it plans to keep its 177 stores open while they restructure the retailer's debt and “realign” business operations. The retailer said it has identified
Reebok-CCM Hockey Names Sports Mktg VP
Reebok-CCM Hockey appointed Glen Thornborough as VP, sports marketing, effective September 2. Thornborough joins Reebok-CCM Hockey from the ECHL, where he was most recently the senior vice president of m.arketing & business development..
New Balance Partners with Nine West on Shoe Line
Nine West Group, a division of Jones Apparel Group, Inc. and New Balance announced that they have entered into an agreement to license, create and distribute a fashion-lifestyle footwear collection. Terms of the agreement were not disclosed…
New Balance Partners with Nine West on Shoe Line
Nine West Group, a division of Jones Apparel Group, and New Balance announced that they have entered into an agreement to license, create and distribute a fashion-lifestyle footwear collection. Terms of the agreement were not disclosed…
SportsOneSource Sees Growth Returning to Sport Footwear
The SportsOneSource Group expects to see the Sport Footwear business in the U.S. market grow in low-single-digits for 2008, according to statements made during the WSA Show in Las Vegas, NV. James Hartford, chief market analyst for the business informatio
Twins Enterprise Signs Canada deal with NHL
Twins Enterprises said it has expanded its business relationship with the National Hockey League to distribute licensed headwear and apparel in Canada. The company, based in Boston and Dedham, has worked with the NHL in the United States for 10 years. hav
NSGA: West North Central Region Spend Most Per Capita on Sports Equipment
Using indices developed from the National Sporting Goods Association’s Sporting Goods Market report, residents in the West North Central (WNC) census region spent the most per consumer on sports equipment in 2007. With an index of 143, the WNC region (IA,
Report: Bass Pro Lays Off 30
Bass Pro Shops has laid off 30 people at its Springfield corporate headquarters, according to Missouri's News-Leader. The employees were laid off Friday, Bass Pro communications manager Larry Whiteley said…
Johnson Outdoors Sales Slip 5.8%
Johnson Outdoors Inc. reported sales dropped 5.8% in the third quarter ended June 27, to $141.2 million from $149.9 million a year ago. The sales decline was blamed on a weak U.S. economy and the effects of a soft domestic boat market on the company'
Report: TJX Looking to Sell Bob’s Stores
TJX Cos Inc., after long contemplating such a move, is looking to sell its Bob's Stores division, according to Bloomberg News. Potential buyers include Philadelphia-based private equity firm Versa Capital management, the business newswire said…
Backwoods Plots Expansion, E-commerce Launch
Backwoods, the outdoor retailer, announced plans to open three stores and also expects to introduce online shopping at Backwoods.com in time for Holiday 2008. The first of the new stores will open this weekend in Fort Worth, Texas. It also has scheduled a
JJB Sports Posts 1.2% Q2 Comp Decline
JJB Sports said like-for-like sales in the 12 weeks ended July 20 were down 1.2% year-on-year. The sports retail and health clubs group, based in the U.K., said this consists of a 2% fall in its 409 retail stores and a 5.9% increase for its 49 health club
Nautilus Consolidates U.S. Manufacturing and Distribution
Nautilus, Inc. is consolidating its U.S. manufacturing and distribution facilities. Nautilus will close its Tulsa, Oklahoma facilities by the end of 2008 and transfer the manufacturing of their products, principally, to its facility in Independence, Virgi
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal