Retail comparable store sales managed a low-singles increase for the fiscal month of October as continued warmer than average weather battled marketplace worries over a looming recession for which external factor could do the most to hamper growth…
Category: Footwear
Golfsmith Gets New Store Boost in Q3…
Golfsmith International Holdings posted double-digit sales growth for the third quarter as the addition of 15 new stores in the trailing 12 months and the extended warm weather selling season boosted top line growth despite a slight downturn in quarterly
Adams Golf Slims Q3 Loss on Sales Jump…
Adams Golf followed the general golf market strength in the third quarter, posting a mid-20s sales increase while slimming its quarterly loss at an even bigger rate. The company saw sales growth in each club category as well as in each geographic region f
Sports Direct Sells Amer Stake…
Sports Direct, the UK retailer controlled by Mike Ashley, sold its entire stake in Amer Sports for €166.6 million ($242 mm). The retailer has made a profit of around £25 millioin since first buying into the Helsinki-listed group in June and raising its st
Head N.V. Sees Heavy Q3 Impact From Slowing Winter Sports Market…
As anticipated, the poor snow last year is now adversely impacting Head N.V. results in the third quarter as retailers remain conservative in their orders of skis and snowboards. Heavy declines in Winter Sports were partially offset by gains in all other
Sport Chalet Sees Tough Fiscal Second Quarter…
Sport Chalet saw some difficult conditions during their fiscal second quarter, which ended on September 30, 2007. Sales during the quarter were negatively impacted by softer macroeconomic trends and management said that same-store sales were affected by c
The Walking Co. Racks up 9.6% Q3 Comp Gain
The Walking Co., which is part of Big Dog Holdings, reported third quarter revenues jumped 20% to $36.9 million from $30.7 million in Q3 last year, driven by a 9.6% comp increase and 26 net new stores versus last year. TWC opened six stores in the quarter
Princeton Ski Shop Files for Bankruptcy
Citing unseasonably warm weather and heightened competition, Princeton Ski Shop Inc. filed for bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey in Newark. The company, based in Clifton, NJ, operates four stores in New York City ( 22n
Fluorochemicals in the Outdoor Industry, By Nick Brown, Nikwax
As a retailer, consumer, or gear manufacturer, how much responsibility do we have for avoiding the release into our environment of suspect materials? Should we leave everything to government legislation? In my opinion, the answer is no. Government can tak
Zumiez Cuts Guidance on Weaker-than-Expected October Comps…
Zumiez Inc. recorded a 5.1% increase in October same-store sales after an increase of 15.9% in the year-ago month. Total net sales for the period increased 24.6% to $24.7 million from $19.9 million last year…
Jarden Announces Stock Buyback Plan
Jarden Corporation, parent company of K2 and Volkl skis, announced that its Board of Directors has authorized a new stock repurchase of up to $100 million of its common stock. As of October 29, the company had approximately 77.6 million shares of common s
Surfboards Load for Free on Virgin Atlantic
Virgin Atlantic announced that its passengers are allowed to take an item of sports equipment on their flights free of charge. The news followed a recent ban by British Airways (BA) on surfboards and similar items…
Shoe Carnival Expects Sharp EPS Decline on Weak Q3 Comps
Shoe Carnival, Inc. reported that sales for the thirteen-week period ended November 3 decreased 8.0% to $173.9 million, compared to sales of $189.1 million for the thirteen-week period ended October 28, 2006. Comparable store sales declined 5.0% for the
Kohl’s Will Pursue LEED Certification in 80 Stores
Kohl’s Department Stores will pursue LEED (Leadership in Energy and Environmental Design) certification for more than 80 locations. The certifications are being pursued through the US Green Building Council Portfolio Program and will appear in 28 states n
Saks Comps Surge 10.6%
Saks Incorporated reported comparable store sales increased 10.6% during October. Total sales reached $269.1 million versus $232.2 million, a 15.9% increase…
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