Golfsmith saw new stores add a cushion to the top line that more than offset a steep decline in comparable store sales, but the costs of those stores, as well as of replacing a CEO, caused a surge in expenses that ultimately expanded the company’s quarter
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Jarden Outdoor Gaining Shelf Space…
Retailers’ reluctance to own inventory has enabled Jarden Outdoor Solutions to pick up shelf space, said Jarden Corp.’s Chairman and CEO Martin Franklin. That desire has insulated JAH from the so-called “trade-down’ effect, in which nervous consumers trad
Aldila Q1 Revenues Slide 19.3%
Aldila Inc.'s Q1 sales fell 19.3% to $16.7 million from $20.7 million last year. Golf shaft sales declined 18%. The average selling price of golf shafts decreased by 13% quarter on quarter on a 6% decline in unit volume. Composite materials sales wer
Pro Hockey Life buys Entrepôt du Hockey…
Pro Hockey Life Sporting Goods Inc. has acquired Sports L.G.L. Inc. and its network of specialized hockey stores in the Quebec City and Chicoutimi markets, which operate under the Entrepôt du Hockey banner…
Pro Hockey Life buys Entrepôt du Hockey…
Pro Hockey Life Sporting Goods Inc. has acquired Sports L.G.L. Inc. and its network of specialized hockey stores in the Quebec City and Chicoutimi markets, which operate under the Entrepôt du Hockey banner…
Crocs Sees International Dominate Q1 Business…
Crocs Inc. posted a net loss for the first quarter as decelerating sales in the U.S. and tighter margins cut into the bottom line. The company blamed much of the issue on early spring sell-through due to cooler weather this year and is indicating that sa
SIA: Snow Sports Sales Up 10.4% for Season…
Record, albeit late, snow throughout much of the United States spurred a 10.4% increase in U.S. snow sports products this winter, according to Snowsports Industries America. Sales grew by $280 million to reach $2.97 billion for the 2007-08 season ending
Eddie Bauer Squeaks Out Mild Comp Store Sales Gain…
Eddie Bauer Holdings, Inc. reported total revenues slipped to $213.2 million from $214.0 million a year ago while comps inched up 0.5%. Comparable retail stores sales increased 2.9% on top of a 16.4% gain in last year's first quarter, while comparabl
Retail Sales Surprisingly Strong in April…
The retail landscape proved surprisingly pleasant in fiscal April as the beginning of summer’s warmth met with an extra day’s selling to drive the consumer, who has completely converted to a buy now-wear now mentality, to the register…
Nautilus Q1 Revenues Decline…
Nautilus, Inc. reported Q1 sales from continuing operations declined 5.4% to $129.6 million from $137 million a year ago. On a conference call, Nautilus's management said the commercial business saw sales decrease 10% to $16 million. Direct sales wer
Gildan’s Q2 Sales Jump 26.5%…
Gildan Activewear Inc. reported sales climbed 26.5% in its second quarter ended April 29, to $293.8 million from $232.1 million a year ago. The increase was due to an increase of 98.4% in sock sales due to the acquisition of V. I. Prewett & Son and new re
Nau’s Legacy Cloaked in Irony…
The irony is unmistakable. In the end, the company that promised to break new ground in establishing a sustainable business model could not sustain itself. Nau Inc., launched in 2005 as Under the Wire, promised to make lasting change in how companies desi
Walking Co. Q1 Comps Slip…
First quarter revenues at The Walking Company climbed 15% to $37.3 million as new store openings offset a 0.5% comp sales decline. TWC, a division of Big Dog Holdings, had 41 new net stores open in Q1 versus last year…
Deckers Acquires TSUBO…
Deckers Outdoor Corporation acquired upscale casual footwear maker TSUBO, LLC for approximately $6 million in cash plus a potential future earn-out, the footwear company said. TSUBO had sales of roughly $10 million in the year ended Dec. 31, 2007. The dea
Heelys Q1 Revenues Fall…
Heelys, Inc. reported Q1 sales tumbled 73.5% to $13.1 million from $49.4 million a year ago. But Ralph Parks, Heelys CEO, said the company has witnessed improving trends in several key areas, including lower inventory levels in the channel, a modest incr
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