Ashworth, Inc. saw its fourth consecutive quarterly net loss going back to the fiscal fourth quarter of 2006 in its fiscal third quarter ended July 31. The troubles for the apparel vendor started at the top as a mid-singles decrease in net sales started
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
PGA Fall Expo Hosts Divergent Trends; Though The Market Continues to Reflect Game’s Past…
In Las Vegas last week, the PGA Fall Expo saw an apparel palette that had blues and greens continuing to hold strong on the color front, while a few manufacturers looked for eco-friendly options, and many brought a tech story to more traditional looks. Co
The Sports Authority Looks to Grow Golf Biz With HTAG Brands…
The Sports Authority last week signaled that it intended to fight for America’s golf dollars as the retailer signed a deal with Hilco TAG, LLC (HTAG), a unit of Hilco Consumer Capital, to become the exclusive retailer in the U.S. for the Tommy Armour, Ram
UBS May Be Nervous About FINL/GCO Deal
The Finish Line, Inc has received and released excerpts from two letters from UBS Loan Finance LLC and UBS Securities LLC, which have also been provided to Genesco Inc. UBS had previously provided FINL with a commitment letter regarding financing for its
G-III Sports Licensing Showing Modest Growth…
G-III Apparel Group reported that its sports licensing division is growing sales in the low-single-digits so far this year, helped by strength in MLB product and across its women's categories. Excluding a lost tier of distribution in the NFL business
More From the Floor: SEW Talks Education with the PGA…
As player participation is forecasted to steeply increase in the coming years with baby boomers moving into retirement, Brian Whitcomb, president of PGA America, sat with SEW to talk about the future of golf, both in those playing and those working in the
Sports Direct Acquires 9% Stake in Umbro; Reiterates Guidance…
Sports Direct, the U.K. sporting goods chain, has acquired a 9% stake in Umbro, and also reiterated guidance for the current year. A notification to the stock exchange revealed Sports Direct now holds 13.2 million Umbro shares…
U.S. Slowdown Hurts Mainland Headwear…
Mainland Headwear H1 turnover was HK$255.1 million ($32.7 mm) representing a drop of 20% when compared with the same period last year. The decrease in turnover was mainly attributable to the Group’s disposal of its subsidiary Drew Pearson Marketing Inc. i
Lululemon Sees Strong Gains in First Quarter as Public Company…
Lululemon’s first quarter as a public company exceeded internal projections and analysts’ expectations as corporate-owned retail sales were up 98% for the second quarter of 2007 to $53.1 million, or 90.5% of overall sales. This top-line increase was driv
JJB’s Retail Comps Drop 6.2%…
Hurt by tough comparisons with last year’s World Cup and a harsher retail environment, JJB Sports reported sales for both its retail stores and health clubs fell 4.3%. Same-store sales dropped 4.4%…
Report: Quiksilver is Studying Offers for Rossignol…
Quiksilver Inc. has three offers for its struggling Rossignol division, according to French newspaper La Tribune. Potential acquirers include investment funds that specialize in turning around businesses, according to La Tribune and Reuters. Possible buye
Outdoor Sector Q2 Still Strong in All Categories…
At the end of Q2 last year, the deal environment was just beginning to stagnate. Today, mergers and acquisitions are practically a non-issue as the private equity market is at a standstill and the major strategic buyers have gorged themselves on deals and
Icebreaker Moving U.S. HQ to Portland…
Icebreaker is moving its U.S. headquarters from Sun Valley, Idaho, to Portland, Oregon. The transition is expected by the company to be completed by early 2009…
SSL Targets Bike Industry and Goes Carbon Neutral…
Sports Specialists Limited (SSL), the specialty buying group for the snow sports, action sports, bike, outdoor and casual outdoor furniture industries, will be attending Interbike 2007. The group will be looking for new retailers in the bike industry to
Steve Munn Named President, JanSport
VF Outdoor, Inc., a division of VF Corp, named Steve Munn President, JanSport – Americas. Munn most recently served as Vice President of Sales for the Vans brand. Prior to joining Vans in 2002, he served in a series of senior management positions with Ree
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