Wilson Sporting Goods Co., the maker of the Official NCAA Game Ball, launched a “Show Your NCAA March Madness” contest in which fans take their craziest NCAA March Madness photo with an NCAA Wilson basketball for a chance to win $10,000 in Wilson equipmen
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
New City Sports Owners Plot National Expansion…
City Sports has a new equity partner with big plans to expand the metro specialty sports chain across the nation, a move that may signal the next phase of sports retailing in the U.S. Highland Capital, which acquired an 80% stake in the business and was
Foot Locker, Inc. Takes its Lumps in Q4 and Gears Up for Improved 2008 Comps…
Foot Locker, Inc. suggested that the 2007 Holiday season was one of the most difficult retailing periods in the U.S. in many years, but the world’s-largest-athletic-specialty-retailer saw the trend early and aggressively liquidated inventories to end the
Genesco Inc. Sees Fourth Quarter Results Take a Turn for the Worse…
Genesco Inc. is looking forward to putting the failed merger with The Finish Line behind them and fully concentrating on their business that has struggled for the last few quarters. The good news is that their three sport- or lifestyle-oriented businesse
A Look Inside the GSCO/FINL Settlement…
At the beginning of its quarterly conference call with analysts, Genesco chairman and CEO Hal Pennington provided an overview of the details of the settlement with The Finish Line and UBS. While the settlement calls for GCO to receive a cash payment of $
Dick’s Sporting Goods Tempers Outlook on Weather Shifts, Weaker Economy…
Dick’s Sporting Goods Inc. reported that an abundance of cold weather in the fourth quarter slowed comp store sales to 2.7% for the period, cutting the golf season short. The same weather pattern is expected to cause first quarter same-store sales to dec
Hibbett Sports Provides a Conservative Growth Outlook after Weaker Q4…
Hibbett Sports is taking a more conservative approach to new store growth for the new fiscal year as the retailer keeps an eye on the weaker economy. The small-market-operator is starting to see more competition from the likes of Dick’s Sporting Goods an
Collective Brands Hurt by Slow Traffic at Payless…
Collective Brands Inc. reported Q4 sales climbed 12% to $777 million due to the acquisition of Stride Rite and particularly strength at Saucony and Sperry Top-Sider. But slower traffic at Payless ShoeSource caused the company to post a slightly higher-th
Hanesbrands Inc. Joins the FLA…
Hanesbrands Inc., the parent of Duofold, and Champion, joined the Fair Labor Association and will undergo the FLA’s two-year implementation process for accreditation of the company’s global social compliance program. Participating companies in the FLA are
Fila Completes EMEA Deal…
Fila completed the sale of the subsidiaries comprising Fila's European, Middle East, African and Indian businesses (EMEA) to the European based management team. It also entered into a long-term license for the Fila brand in the EMEA region…
Zumiez Sees Fourth Quarter Sales Grow, But Sees Tough H1 Ahead…
For the fourth quarter, net sales totaled $126.6 million, an increase of $14.2 million or 12.7%, compared to $112.4 million in last year's fourth quarter. When the additional week from fiscal 2006 is excluded, net sales were up 18.5% in the fourth qu
Ashworth Inc. Starts New Fiscal Year with Slow Quarter…
Ashworth, Inc. had a tough start to its fiscal year as sales declines led to a broader quarterly loss. The first quarter is typically the smallest quarter for the company and positive growth seen in the core, domestic golf channel is a good sign, but that
Adams Golf Posts Double-Digit Sales Growth…
Adams Golf ended a strong 2007 with double-digit fourth quarter sales growth driven by the company’s hybrids, which continue to see increased penetration, especially amongst tour players. However, the top line growth did not translate into net income gain
Pacific Sunwear Ends Year in Red as Fourth Quarter Net Falls…
Pacific Sunwear of California, Inc. reported sales from continuing operations for the fourth quarter decreased 7.8% to $420.1 million from $455.8 million. Same-store sales decreased 2.2%. By concept, PacSun same-store sales increased 2.1% and demo s
Brooks Sports Boasts 17.5% Revenue Increase…
Brooks Sports, Inc.'s revenues grew 17.5% to more than $170 million in 2007. Sales rose 20% domestically and in excess of 19% internationally. Additionally, the running brand delivered operating earnings that were up 39%…
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