Dick's Sporting Goods, Inc. saw its shares get hammered last week as Wall Street reacted quickly to word from DKS management that the economy is expected to have an impact on a business that many thought was a bit insulated from the economic downturn
Category: Footwear
Cold Weather Shuts Down Iron Horse Classic
The long winter took its toll in Colorado over the weekend when low temperatures forced the Colorado State Patrol and event organizers to cancel the Iron Horse Bicycle Classic for the first time in 37 years. Organizers of the road race said they would not
Lawsuit Over Metal Bat Ban Incident
The family of a boy in Wayne, NJ, who suffered brain damage after he was struck by a line drive hit off an aluminum baseball bat, has sued the bat's maker, Hillerich & Bradsby Co.; the bat seller, The Sports Authority; and Little League Baseball…
ASICS Sales Up 16% in 2008; Expects Better 2009
ASICS Corp. saw strength across the globe drive sales for fiscal 2008, as footwear and equipment both grew, but apparel sagged slightly. Overall, the company reported a 16.3% jump in net revenues for the fiscal year ended March 31 to ¥226.17 billion ($1.9
Mizuno Reports 7.6% Increase in 2008 Net Sales.
Mizuno Corp. reported net sales for the fiscal year ending March 31, 2008 increased 7.6% to ¥174.02 billion ($1.53 bn) from ¥161.70 billion ($1.38 bn) the year before. Operating income jumped 13.8% to ¥7.86 billion ($69.0 mm) from ¥6.90 billion ($59.1 mm)
Shimano Rides Cycling to Strong Sales Increase in Q1
Shimano Inc. said net sales at its cycling business rose by ¥7.8 billion ($7.4 mm), or 22%, to ¥43.3 billion ($411 mm) in the first quarter ended March 31. Fishing tackle net sales, however, dipped by ¥142 million ($1.4 mm), or 1.2%, to ¥11.4 billion ($10
K-Swiss to Acquire Palladium
K-Swiss Inc. plans to acquire French fashion footwear company Palladium SAS. The company will buy a 57% stake in Palladium from Palladium shareholders by July 1 at a price of 5.3 million euros, or $8.3 million, including a loan of 3.6 million euros, or $
Negative Comp Drags Down First Quarter Bottom Line for Zumiez
Zumiez Inc. reported a mid-teens increase in net sales for the first quarter as the addition of 21 new stores offset comparable store sales that came in just below flat. The negative comp hurt the bottom line as well, de-leveraging occupancy costs and dr
Pacific Sunwear Exits demo Business; Cuts Guidance
Pacific Sunwear had the closure of its demo and One Thousand Steps stores eat into the bottom line, as closure expenses accounted for more than $25 million of the reported loss for the period. For continuing operations, PSUN saw a loss of $12.0 million,
The Long, Cold Winter Boosts Q1, but Now Hurts Spring Apparel Sales
Many specialty outdoor retailers had a much more profitable first quarter this year as a record snow pack and cold weather helped them clear winter merchandise, often at much higher margins. But the long, snowy and cold winter has also stunted planned spr
Columbia Trims HQ Staff
The Oregonian reported that Columbia Sportswear trimmed headcount at its headquarters near Beaverton through layoffs and voluntary buyouts. The newspaper said company spokesman John Fread would not say how many workers took the buyout offer or were cut i
Patagonia Exits Paddlesports
Patagonia told retailers last week that it was exiting the paddlesports business and put all its 2008 product on close-out….
Axis Outdoors Closing Doors
Axis Outdoor, which has distributed Granger’s Waterproofing and Bluedesert hydration systems in the United States, is closing its doors…
NSGA: Athletic Footwear Tallies $17.4 Billion in 2007
Retail sales of athletic footwear have surpassed the $17 billion mark for the first time, reaching $17.4 billion, an increase of 2.7% versus 2006, when sales were $16.9 billion, according to the National Sporting Goods Association’s just-released “Sportin
NSGA: Athletic FootwearTallies $17.4 Billion in 2007
Retail sales of athletic footwear have surpassed the $17 billion mark for the first time, reaching $17.4 billion, an increase of 2.7% versus 2006, when sales were $16.9 billion, according to the National Sporting Goods Association’s just-released “Sportin
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