JJB Sports Plc, the U.K.'s second-largest sporting goods retailer, forecast a drop in earnings after cutting prices to clear leftover inventory. The company said second-half pretax profit will be “slightly below” the prior year's 27.4 million po
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Holiday Retail Comp Sales Gain Lowest in 6 Years…
Retail comparable-chain-store sales finished fiscal December just above flat as retailers fought through sluggish doldrums early in the month before finishing with a bang. Retail point-of-sale data compiled by SportScanINFO showed slow sales through the
Third Quarter Retail Profits Hurt by Charges, Weak Comps..
With over two-thirds of the sporting goods industry’s retailers reporting comparable store sales declines for the third quarter, the segment would have to make serious strides in gross margin to see any improvement on the bottom line…
Golfsmith Lowers Outlook; Hanaka Takes Reins…
Golfsmith International Holdings, Inc. reported that it expects to record diluted earnings per share in the range of 13 cents to 16 cents for fiscal 2007, or well below previous estimates of 31 cents to 35 cents per diluted share…
NSGA: Athletic Footwear ASP Rises 2.1% in 2007…
Average prices for athletic footwear in 2007 were $43.03, a 2.1% increase from 2006, according to preliminary data from the NSGA “Sporting Goods Market in 2008” report. In 2006, the average price rose to $42.16 (+3.4%) from $40.78 in 2005…
Big 5 Reports Worst Quarterly Comps Since 1995…
Big 5 Sporting Goods Corp. reported Q4 comps slid 4.7%, calling it “by far our weakest quarterly comp store sales performance since 1995.” Net sales decreased 1% to $232.1 million from $234.5 million last year. Fourth quarter EPS are now expected in the r
VF Corp. Ups Long-Term Growth Targets…
VF Corporation, parent to the Vans, The North Face, Jansport and Reef brands and the lucy retail chain, is raising its long-term revenue, operating margin and earnings per share growth targets. The company said in a release that its new targets reflect th
Forzani Posts Impressive Holiday Growth…
The Forzani Group Ltd. said aggressive holiday promotions, a slightly weaker Canadian dollar, and cooler weather helped it clean out its inventory and post impressive sales growth during the Holiday season. Total retail system sales were up 14.3% for the
Sport Chalet Expects Q3 Loss on Comps Decline…
Sport Chalet, Inc. announced that it expects sales to rise only 1.1% for the fiscal third quarter to $116.0 million from $114.7 million in the year-ago quarter. Comparable store sales for the quarter are expected to decline approximately 7.0% after incre
West Marine Q4 Comps Decline…
West Marine, Inc. recorded a 4.9% decrease in fourth quarter net sales to $117.8 million from $123.8 million for the year-ago period. The company attributed the sales decline to a $4.2 million decrease in sales attributable to closed stores and a $2.9 mil
Luxottica Expects 7.1% Revenue Growth for 2007
In an interview with Italy's financial daily Il Sole 24 Ore, Andrea Guerra, CEO of Luxottica Group S.p.A., commented that fiscal year 2007 will be another record year for the Group. Mr. Guerra indicated that Luxottica will close the year with nearly
NGF: Nov. Golf Rounds Decline…
The National Golf Foundation reports that the month of November proved to be tough for the nation’s golf courses as rounds played decreased 3.8% compared to the same month in 2006. The decrease in November brought year-to-date rounds played down to level
RECALL: Cannondale Scalpel Mountain Bikes
Cannondale and the CPSC issued a recall of about 150 Cannondale 2008 “Scalpel” mountain bikes. According to a statement, the frame can break while in use, causing the rider to lose control and suffer injuries from a fall or collision. The firm has receiv
Virginia’s AandN Stores To Close
A&N Stores Inc., the athletic footwear and sportswear retailer, plans to close all 48 of its stores in Virginia after nearly 140 years of operation. The company, based in Richmond, blamed increased competition from big-box retailers, slowing sales and cha
Brown Shoe May Move Headquarters
Brown Shoe Co. is considering moving its corporate headquarters out of St. Louis. Brown Shoe hired St. Louis-based Clayco, architectural firm HOK and U.S. Equities Realty of Chicago to lead the development of a new headquarters facility. Among options Bro
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