Filene's Basement Inc. filed for Chapter 11 bankruptcy protection and concurrently announced that it had entered into an agreement with an affiliate of Crown Acquisitions to purchase 17 of the chain's 25 stores, including the flagship stores in
Category: Footwear
Excess Inventories at Retail Impact Unifi’s Third Quarter…
Unifi is seeing excess inventory at retailers and vendors work its way up to the suppliers. The company reported fiscal third quarter net sales fell 30.0% to $119.1 million compared to $169.8 million for the prior year’s fiscal third quarter. The cumulati
Timberland Sees Double-Digit Declines Across the Board in First Quarter
Timberland had an interesting first quarter with overall global revenues declining, but cost cutting measures helped keep expenses in check and the company stayed in the black for the quarter…
Acushnet First Quarter Earnings Plummet on Double-Digit Sales Decline
Acushnet Co., the golf division of Fortune Brands, reported sales in the first quarter fell 12.5% to $347.0 million from $396.4 million in the year-ago period. Including one-time charges, operating earnings for the group, which includes the Titleist, Cobr
Cabela’s Comps Up, but Finance Unit Sinks Q1 Net
Mirroring a pervasive market trend that has emerged as a common thread for nearly all outdoor retailers, Cabela’s Inc. reported first quarter revenues were driven by notable strength from strong firearms and ammunition sales. However, despite any improve
U.S. Sec. of Interior Creates Office of Youth…
Secretary of Interior Salazar has created a new Office of Youth. The new office will coordinate a department-wide youth program to introduce young Americans from all backgrounds to national parks and monuments, refuges, public and tribal lands and to prom
Callaway Golf First Quarter Reflects Sharp Golf Industry Downturn
Callaway Golf got off to a disappointing start in the first quarter of 2009, as revenues fell 25.8% and net income plummeted 82.8% compared to the first quarter last year. The company attributed the drop in sales to the widespread global economic downturn
Easton Sports Development Fdn. Donates to Archery Trade Assoc.
The Easton Sports Development Foundation (ESDF) presented the Archery Trade Association (ATA) with a check for $200,000 to support the group's efforts to grow archery and bowhunting through the Community Archery Program…
Escalade’s Sporting Goods Sales Drop 11% in Q1
Escalade, Inc. reported revenues from the Sporting Goods business were down 11% in the first quarter. The Evansville, IN-based company said dealers are reducing inventory in light of the economy to conserve cash. Within many sporting goods categories, con
Ortovox Named Official Supplier of Pro. Ski Instructors of America, American Association of Snowboard Instructors
The Professional Ski Instructors of America (PSIA) and American Association of Snowboard Instructors (AASI) have partnered with Ortovox USA, Inc. Ortovox, which has long supplied the PSIA-AASI Accessories Catalog with its avalanche transceivers, probes, s
Nikwax-AAC Bellwether Grantees Selected
From an impressive group of applicants, two winners were chosen to receive funds from the Nikwax Bellwether Grant, established in partnership with the American Alpine Club (AAC). Nikwax and the AAC congratulate Ann Piersall, of Whitefish, MT, and Tracie A
Ortovox USA Names COO
Ortovox USA has appointed Dale Bard as its chief operating officer. Bard has served as a consultant and brand manager for Chouinard Equipment, Black Diamond, and Patagonia; he has been the U.S. sport division sales manager for Petzl; and has worked as the
First Michael Jordan-Themed U.S. Store to Open in Chicago
The country's first Michael Jordan “Twenty-Three” athletic apparel and footwear store will be opened at University Village Marketplace on Maxwell Street in Chicago. According to a press released from University Village Marketplace, Northbrook, Ill.-b
Van’s Palladini Elected SIMA President
The Surf Industry Manufacturers Association (SIMA) named Doug Palladini, vice president of marketing for Vans and previously a SIMA Board of Director, as its new president. to succeed Baker as the new president of SIMA. Palladini succeeds Dick Baker, who
Rossignol North America Reorganizes Staff
Rossignol Group's North American division announced a number of changes in jobs and responsibilities, mostly in marketing areas. Among the changes, Tait Wardlaw, formerly the VP of Brand and Sports Marketing for Dynastar and Lange, will now serve as