Dick's Sporting Goods, Inc. saw a net loss of $104.4 million, or 93 cents a share, in the fourth quarter after a non-cash impairment charge and costs related to the Golf Galaxy and Chick's Sporting Goods integration. Excluding the special items,
Category: Footwear
Sperry Top-Sider to Sponsor Yacht Race
Sperry Top-Sider will serve as the exclusive footwear sponsor of the inaugural New York Yacht Club Invitational Cup to be held Sept. 15-19, 2009, in Newport, R.I., as well as be involved in additional New York Yacht Club events…
Conservation Group Protests Utah Land Leases
The Theodore Roosevelt Conservation Partnership has formally protested leases on more than 86,000 acres of federal lands in Utah, where development as proposed could negatively affect vast expanses of important habitat for game species, as well as hunting
Storied Programs to Don Custom Nike Gear for March Madness
Nike will outfit Duke University, Gonzaga University, The University of Memphis, Michigan State University and University of Oregon in customized Nike Pro Combat, which the company said is ergonomically designed to provide basketball-specific protective p
Supreme Court Sides with Gun Manufacturers in NYC Lawsuit
Putting an end to nine years of litigation, the U.S. Supreme Court refused to hear New York City's request to continue a lawsuit that sought to hold firearms manufacturers responsible for the criminal misuse of firearms…
Nikwax N.A. Hires Southeast Sales Rep
Nikwax N.A. has hired Earl Roberson of Roberson Sports Group to its sales team. Roberson will cover the Southeast territory for the company. He is charged with maximizing the benefits Nikwax offers retailers and opening new accounts…
Comps Down in February, but Results Improve
Better-than-expected retail results gave the market a bit of a shot in the arm last week as reports had February monthly comps either just above flat or just below. Retail Metrics reported comparable store sales increased 0.7% for the month, while a preli
LaCrosse Subsidiary Receives Army Order for $6.7 Million
LaCrosse Footwear, Inc. reported that its Danner subsidiary received a $6.7 million delivery order from the U.S. Army for the Danner Combat Hiker boot…
Adidas Group Continues to Struggle with Reebok Business
It was a bit of the same old tune for adidas Group as it ended another year with a continued sales growth at adidas and TaylorMade-adidas Golf while difficulties at Reebok left that business as a drag to the overall. However, overall group sales still gre
Sport Footwear Sees Dramatic Positive Turn in February
Retail sales of Sport Footwear bounced back in a big way to start the 2009 retail fiscal year after posting sluggish results in the 2008 fiscal fourth quarter ended January 31, 2009…
Genesco Inc. Sees ‘Choppy’ Foruth Quarter Give Way to February Strength
Genesco, Inc. described the fourth quarter as “choppy,” with the early part of the quarter described as “weak” until a few days before Christmas. Sales then reportedly accelerated through early January, then softened dramatically again. GCO ended the q
Famous Footwear Sees Fourth Quarter Red on Heavy Markdowns
Famous Footwear logged a loss of $11.9 million in the fourth quarter as the family footwear chain ramped up promotions to retain market share and end the year with clean inventories. Sales dipped 0.5% to $312.3 million with comps sliding 3.6%…
Joe’s Sports and Outdoors Forced into Sale After Bankruptcy Filing
Joe's Sports, Outdoors & More, the Northwest retailer formerly known as G.I. Joe's, has filed for Chapter 11 bankruptcy protection. Initial reports indicated that the retailer, which filed under G.I. Joe’s Holding Corporation and G.I. Joe’s, Inc
K-Swiss, Inc. Reports Fourth Quarter Loss, Suspends Dividend
K-Swiss, Inc. had another dismal quarter as both domestic and international sales declined in the double-digits and the only real bright spot was an 8% increase in the Performance business. Overall, the company recorded a net loss of $13.7 million, or 39
Sport Chalet Amends Credit Facility
Sport Chalet, Inc. has amended its credit facility with Bank of America. Under the terms of the amendment, Bank of America has waived the company's existing event of default and certain potential defaults and amended the borrowing base, certain finan
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