According to a report by Global Industry Analysts, the world bicycles market is projected to reach in excess of $61 billion by 2010, growing at a CAGR of 5.28% over the 2001-2010 period. Asia-Pacific, with a share estimated at 47.36% in 2007, is the large
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
SIA: Snow Sports Sales on Course for 13% Growth this Season…
U.S. snow sports sales for the August through January period grew at 13% and are likely to keep on that track through the end of the season, according to research released last week by Snowsports Industries America…
Zumiez Sees Fourth Quarter Sales Grow, But Expects 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
Dorel Prepares to Pass on Higher Costs…
When Canadian bicycle maker Dorel Industries Inc. declined to provide earnings guidance for 2008 last week, it was not because of concerns over demand, but the rising costs of supplies and Chinese labor, the company’s CFO told analysts. Earlier in the wee
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 growth to 2.7% for the period, cutting the golf season short. The same weather pattern is expected to cause first quarter same-store sales
Vail Resorts Overcomes Late Snow By Raising Prices…
Late snow reduced ski visits – not including season pass holders – by 5.3% at Vail Resorts Inc.'s five western ski resorts in the second quarter ended Jan. 31…
City of Chicago Adopts Bicycle Safety Ordinance…
The Chicago City Council passed an ordinance Wednesday that allows the city to fine motorists from $150 to $500 for endangering cyclists. The new fines would apply to motorists caught parking or otherwise obstructing a bike lane, turning left or right in
Trek Founder Dick Burke Dies…
Trek Bicycle Corporation and Milwaukee, Wisc. are mourning the loss of Richard “Dick” Burke, the company’s co-founder and chairman, who died in a Milwaukee hospital last Monday of complications from cardiac surgery. He was 73…
Wilson Launches March Madness Promotion
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
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
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