Genesco Inc.'s board of directors may have rebuffed Foot Locker, Inc. in its unsolicited proposal to acquire all of the outstanding GCO shares, but it looks like they left the door open for a better offer…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Skechers Continues String of Strong Quarters…
Skechers USA, Inc. continued its line of consecutive quarterly year-over-year sales and earnings improvements with the largest quarterly sales result in the company’s 15 year-history. Growth was widespread for the vendor, coming from both wholesale and ow
Nautilus Sales Fall 14% in First Quarter…
Nautilus Inc. reported revenues in the first quarter totaled $158.8 million, down 14% from $185 million last year. The Vancouver-based exercise equipment maker warned last month that it would miss its first-quarter sales and profit projections due to a sl
Acquisitions Help Delta Fiscal Q3; Ups Guidance…
Delta Apparel, Inc. fiscal third quarter net sales increased 22.6% to $85.0 million from $69.4 million in the prior year's third quarter. The increase was primarily due to the addition of $19.0 million in sales from FunTees and sales growth in the So
Cybex Reports Strong Q1…
Cybex International, Inc. recorded a 20% jump in net sales for the first quarter to $34.7 million from $28.9 million for the same quarter last year.
Everlast’s Sporting Goods Sales Climb 30%…
Everlast’s revenues increased 24% to $12.4 million for the first quarter from $10 million last year. Sporting goods revenues climbed 30% to a record $9 million, the third consecutive quarter of more than 30% year-over-year sales growth…
Golfsmith to Meet Sales Guidance, to Miss Net Income…
Golfsmith International Holdings, Inc. expects to meet its guidance for net sales for the first quarter and to beat comparable store sales guidance. Unfortunately, the company does not expect to meet previous net income guidance of 20 cents to 22 cents pe
Acushnet Golf Q1 Results Hurt by Product Timing, Weather…
Fortune Brands reported that first quarter revenues were relatively flat at its Acushnet golf division, which includes the Titleist, Cobra and Footjoy brands, due primarily to the timing of new product launches, which they expect will benefit the second q
Former Just for Feet Directors Pay $41.5 million in Lawsuit
Five former outside directors of Just for Feet paid $41.5 million over the past six months to settle a lawsuit, in a case likely to fan fears among directors about personal liability for corporate misdeeds. The trustee for Just for Feet's creditors a
Bowling and Billiards Soft for Brunswick in Q1…
Brunswick Corporation saw a 2% decrease in net sales for the first quarter to $1.39 billion from $1.41 billion last year. Overall net earnings from continuing operations for the company were down 53.7% to $34.3 million, or 38 cents per diluted share, from
Sports Gilbert Rousseau Looks Canada-Wide
Sports Gilbert Rousseau, which operates five hockey superstores around Montreal, has formed an investment group with a goal of expanding the concept across Canada. The “category killer” hockey specialty retail chain, as SGR called it in a release, will op
GSI Commerce Narrows loss in Q1; Net Sporting Goods Sales up 36%…
GSI Commerce Inc. cut its Q1 net loss to $2.3 million, or 5 cents per share, from a loss of $4.4 million, or 10 cents, a year ago. Revenues grew 28% to $146.3 million from $114.2 million, driven by a 19% growth in product sales and 66% growth in service
Hanesbrands Q1 Profit Tumbles…
Hanesbrands Inc., the parent of Hanes and Champion, reported relatively flat sales for the first quarter, but profit tumbled 84% as the company continued its transition to a standalone business…
K2 Inc. to be Acquired by Jarden in $1.2 Billion Deal…
Earning season started with a bang this year as Jarden Corporation, the parent company to Coleman, announced that it has signed a definitive agreement to acquire K2, Inc. While the initial reaction from many in the industry was, “WHO is acquiring K2?,” Ja
VF Corp. Leverages Outdoor Strength Again in First Quarter; Gets Majestic Boost…
VF Corporation started 2007 with a strong first quarter due to healthy increases in sales in its Outdoor Coalition and its Imagewear Coalition. While the outdoor brands were boosted by a mix of organic growth and acquisitions, Imagewear was boosted almost
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