Declining sales and rising costs contributed to an 18.6% decline in third quarter earnings for Weyco Group Inc. The manufacturer of men's shoes said net income fell to $4.34 million, or 37 cents a share, from $5.33 million, or 45 cents, last year. Sa
Category: Footwear
Columbia Sportswear to Cut U.S. Staff by 4%
Columbia Sportswear Company announced it will lay off 75, or 4%, of its 1,800 U.S. employees in response to an 11% decline in orders for Spring 2009…
Sport Supply Group Reports Record Q1 Sales
Sport Supply Group, Inc. reported record sales of $73.6 million and diluted EPS of 35 cents for its first quarter ended Sept. 30, 2008. The nation's largest direct seller of team supplies said its elementary school business, varsity athletics sales a
Under Armour Has Robust Third Quarter, but Outlook Cut on Macro Concerns
Under Armour reported a 28.1% hike in third quarter earnings on a 24.1% revenue gain, slightly ahead of Wall Street's expectations. But the performance apparel leader lowered its fiscal 2008 outlook due to the souring economic climate…
Escalade Suffers Q3 Loss on Drop in Sporting Goods Revenues
Escalade, Inc.'s revenues for the third quarter dropped 32.8% to $40.8 million from $60.7 million in the prior year. ESCA posted a net loss of $1.4 million, or 11 cents per share, compared to net income of $3.1 million, or 24 cents, in the prior yea
Volcom Q3 Sales Growth Outpaces Profit Gains
Volcom, Inc. posted strong top-line growth in the third quarter, but decreased margins and increased expenses as a percentage of net sales caused net income to grow at little more than half the rate of quarterly net sales…
Report: Callaway Golf Lays Off 154
Callaway Golf laid off 154 employees on Oct. 18, company spokesman Michele Szynal told the San Diego Business Journal…
Jarden Outdoor Ekes Out Q3 Sales Gain; Freezes Hiring
Jarden Corp.’s Outdoor Solutions segment, which includes Coleman, Pure Fishing and the former K2 Inc. business, reported net sales of $620.1 million for the third quarter, up 1.1% from comparable revenues of $613.1 million last year…
Quiksilver Cut’s Rossignol Price by $78.5M, Studying Equity Sale
Quiksilver, Inc. said it expects to close on the sale of its Rossignol snowsports business in early November, albeit at a substantially lower price. Due to challenges in the global credit markets, the company said it knocked $78.5 million off the price of
SCARPA Centralizes U.S. Headquarters
Just two years after taking over its U.S. operations, SCARPA North America is taking its fulfillment operations in-house and consolidating its warehouse, shipping/receiving facilities and warranty/repair division at it new headquarters located in Boulder,
Adidas Implements Hiring Freeze in Troubled Economy
Adidas Group Chairman Herbert Hainer e-mailed company employees Friday, Oct. 24, to say that due to the troubled economy, the company is imposing a hiring freeze…
Oakley Buoys Luxottica in Tough Third Quarter
Luxottica Group S.p.A. saw net sales increase 12.8% (at constant exchange rates) to reach €1.21 billion ($1.54 billion) in the third quarter ended Sept. 30, 2008, due in large part to the company’s acquisition of Oakley 11 months ago…
Obama Would Monitor Chinese Imports
Sen. Barack Obama has told the National Council of Textile Organizations that he favors monitoring imports of Chinese textiles and apparel once safeguards are removed at year end. If elected President, he said he would also preserve the yarn forward rule
NSGA Names Five to Hall of Fame
The Sporting Goods Industry Hall of Fame Committee has elected five new members to be inducted into the Hall of Fame next May, one retailer and four manufacturers. Hank Derleth, Ripon Athletic; the late Gerry O'Keefe, Spalding/Brunswick/PGA Victor/Sc
Fleet Feet Sees 16.5% Q3 Revenue Gain
Fleet Feet, Inc.'s third quarter marked the best quarter in the company’s 32-year history, with retail sales totaling $24.8 million, up 16.5% over third quarter 2007. Year to date sales are up 17.8% through September 2008, with $67.5 million in reven
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