Acushnet Golf, the golf division of Fortune Brands, Inc. that houses the Footjoy, Cobra, and Titleist brands, saw modest sales growth in the third quarter new product introduction in the year-ago quarter, especially in clubs, slowed things down. ..
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Corner Office Shuffle…
The sporting goods industry saw several companies making changes to their respective executive teams…
PacSun Explores Options with demo; Will Close Steps…
Pacific Sunwear of California looks to be focusing its effort on its PacSun concept after announcing plans last week to close the new One Thousand Steps 9-store concept, while exploring “strategic alternatives” for its demo urban chain. The two chains col
Asics Raises H1 Guidance on Strong Second Quarter…
Asics Corp. raised its guidance for the first half of fiscal 2008, which ends Sept. 30. The company expects first half net sales to increase 13.7% to ¥108.5 billion ($910.3 mm) from ¥95.4 billion ($828.1 mm) in the year-ago half and up from earlier guidan
Heelys Lowers Q3 Guidance; Opens Family Footwear Channel…
Heelys, Inc. decreased its sales and earnings guidance for Q3 citing increased ad spend, steps taken to reduce inventory in domestic distribution channels, and the company’s providing of “addition markdown assistance.”…
DSW Expects Mid-Singles Third Quarter Comps Decline…
DSW Inc. reported that it expects comparable store sales for the third quarter to decline in the mid-single-digits, based on the quarter-to-date. As a result, annual comparable store sales are now expected to range from flat to down 2% for fiscal 2007, be
Cardio Drives Q3 for Cybex…
Cybex International, Inc. saw a 9% increase in third quarter net sales to $32.6 million from $29.9 million for the same period last year. The company attributed the sales increase to “strong sales” of cardio products and continued growth in the commercial
RECALLS
Collegiate Pacific is recalling approximately 800 Power Packs for Portable Team Hydration Units, because the battery inside the unit’s power pack box can cause excessive gas buildup, which can burst the lid of the power pack box…
Amer Sports Boosts Q3 Bottom Line…
Amer Sports continued its struggle with a weak winter sports market and an SAP implementation that caused slower sales at Wilson, but was able to make some positive progress in restructuring to improve profits. Additionally, strong results from apparel, f
Deckers Outdoor Shares Hit All Time High on Strong Third Quarter…
Deckers Outdoor Corp. managed to bring in yet another surprising quarter, exceeding both internal projections and analysts’ consensus estimates for top-line and bottom line growth. With overall sales up over 57% and net income increasing over 86%, the com
Columbia Sportswear Sees Tough 2008; Q4 Forecast Falls Short of Estimates…
Columbia Sportswear saw a slight up-tick in its top-line during the third quarter fueled by sales of Columbia brand sportswear, and Mountain Hardwear, which was partially offset by considerable declines at Montrail, Pacific Trail and at the company’s Euro
InSport Lands $14 Million Marine Contract…
InSport was awarded a $14 million contract to make running suits for the Marine Corps. Insport will be outfitting every Marine with this new addition to the sea bag in early 2008. Marine Corps officials estimate that 125,000 running suits will be produced
Black’s Leisure Comps Increase 3% in First Half…
Black's Leisure fiscal first half revenues increased 3.8% to £146.8 million compared to £141.3 million last year. Comparable store sales grew 3.0% with a strong recovery at Millets as comps grew 6.4%. There was also marked improvement in Blacks and M
West Marine Cuts FY Guidance
West Marine Q3 income catapulted 81% to $5.3 million, or 24 cents per share, but the boating retailer slashed its 2007 guidance due to lower boat usage and boating market softness. Earnings guidance has been revised to a range of 14 cents to 18 cents per
Lafuma Full Year Sales, Earnings Short of Target….
French outdoor clothing maker Lafuma said full-year sales rose 2.7%, less than it expected as a warmer-than-expected winter hit demand for climbing clothes and a cold summer affected sales of camping gear. Sales for its fiscal year ended Sept. 30 increase
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