Nike, Inc. reported 14% revenue growth for the second quarter ended November 30, to $4.3 billion, compared to $3.8 billion for the same period last year. FX rates boosted revenue growth by 4 percentage points. Second quarter net income grew 10% to $359.4
Category: Outdoor
Sports Direct Reports 73% Profit Drop
Sports Direct, the U.K. discount sporting goods chain, reported a 73% drop in pre-tax profits in the first half of the year, to £20.1 million. Revenues were down 7.1% to £668.1 million from £719.1 million. The decline was blamed on dismal summer weather,
True Temper Division Partners with Miura Golf
True Tempers' elite Tour Concept club maker network has formed an alliance with the premier component head manufacturer, Miura Golf, and its' network of specialty fitters. This affiliation is expected to elevate the custom fitting programs for b
Evo.com Launches As a “Green” Portal for 1,200 retailers
E-commerce veterans from eBay and StudentAdvantage.com have launched Evo.com, an aggregator site for 1,200 e-retailers selling about 100,000 “green” products and services ranging from organic apparel and electric scooters to solar panels…
Nautilus Shareholder Battle Undecided
Shareholders of Nautilus Inc. voted Tuesday on five proposals from activist investor Sherborne Investors LP, including one to give Sherborne control of Nautilus by giving it a majority of seats on the company's board. But Nautilus said the results of
Ski/Snowboard Hall of Fame Inductees Announced
The U.S. National Ski and Snowboard Hall of Fame and Museum announced their inductees for the Class of 2007: Eric Bergoust, Donna and Jake Burton Carpenter, Mitch Cubberly, Tom Jacobs, Everett Kircher and Doug Lewis…
Third Quarter Looked Strong for Market, but Issues May Lurk Beneath the Surface…
Overall, the third quarter proved relatively strong for sporting goods vendors as net sales increased in high-single-digits for the period. Overall, net income grew faster than sales, posting 10.6% bottom line growth, with return on sales growing 10 basi
Genesco / The Finish Line Trial Closes its First Week…
After months of public wrangling, charge and counter-charge surrounding the contentious merger between The Finish Line, Inc. and Genesco Inc., the trial that is supposed to resolve at least part of the dispute got under way last week in the Chancery Court
Sport Chalet Not Too Worried About Dick’s Sporting Goods in SoCal…
Despite Dick's Sporting Goods moving heavily into the Southern California market with its acquisition of Chick's, Sport Chalet's CEO Craig Levra doesn't seem too concerned. Prompted by a question at the Wedbush Morgan investor conferen
DSW to Focus on Smaller Stores…
DSW wants to get to $300 per square foot, and expects to get there through smaller, more productive stores and smarter real estate decisions. Last year's sales per square foot was $218…
Golf Companies Win Some, Lose Some…
Callaway Golf Company and TaylorMade Golf Company have reached a settlement and patent license agreement that provides “specified rights” for each company to make certain products under patents owned by the other. The agreement covers technologies involvi
New Balance Acquires Vital…
In a push to jumpstart its apparel business, New Balance Athletic Shoe Inc. acquired Vital Apparel Group. The purchase price was not disclosed. Vital Apparel Group, based in Huntington, NY, comprises Vital Apparel, a women’s active brand; Vital Accessori
Under Armour Looks to Expand Workforce and Workspace…
According to local reports, Under Armour Inc. plans to significantly expand its work force, adding approximately 300 new members to its current 450-strong workforce. A spokesperson for UA had no comment on the report…
Hardlines Weakness Continues to Vex Quiksilver…
Quiksilver Inc. posted a steep loss in its fiscal fourth quarter ended October 31 due to massive write-downs of its hardgoods business acquired in the 2005 Rossignol acquisition. More surprisingly, the company also predicted a “small loss” for Q1 due to c
Forzani Group Third Quarter Degrades on Weak U.S. Dollar, Weather..
The Forzani Group Ltd. had to contend with a rising Canadian Dollar, deep promotional discounts and warm weather in the fiscal third quarter ended October 28, but still managed to deliver an increase in overall retail system sales, thanks to improved resu
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