At this time last year, management at adidas Group were busy working on the integration of a recently-acquired Reebok business, contending with a sharp decline in order backlog, a projected sales decline, lower margins, and lower operating margins for the
Category: Footwear
NBA Sees Record All-Star Sales
The NBA said that on-site retail merchandise sales during All-Star 2007 in Las Vegas increased by 54% versus the prior sales record set in Los Angeles in 2004…
Foot Locker Sees Reduced Promos Boost Profits…
Foot Locker Inc. management said they took their foot off the promotional pedal during much of the month of December in the U.S. and for most of the entire fourth quarter in Europe, a move that helped the world’s-largest-athletic-specialty-retailer post s
Finish Line Continues to See Weakness in Women’s in Fiscal Fourth Quarter…
The Finish Line, Inc. saw overall net sales increase 7.5% to $429.0 million for the fourteen week fourth quarter through February from $399.2 million for last year's thirteen week quarter. Excluding the fourteenth week this year (approximately $24.2
Genesco Sees Continued Strength at Journeys Formats; Urban Formats Hurt Q4…
Genesco Inc., which has seen its Journeys format at ground zero for three of the biggest trends over the last year, may be starting to see some issues with two of its other key formats. While Journeys has been riding the fashion athletic wave from the be
Life Fitness Inks iPod Deal
Life Fitness, a division of Brunswick Corporation, said it plans to offer seamless integration with Apple Inc.’s iPod players in several of its upcoming products…
Frozen February Slows Retail Comp Sales Growth
As blizzards and freezing temperatures swept across much of the country in February, consumers were left sitting at home waiting for the spring thaw to finally arrive. Retailers, meanwhile, were left waiting for those very consumers to return to the cash
Nau Open For Business
Nau Inc., an environmentally friendly outdoor apparel company from Portland, is finally open for business. After years of preparation and development, the outdoor company launched its e-commerce Web site last week, and announced plans to open four retail
Iconix Brand Group Acquires Rocawear.
In its biggest acquisition yet, Iconix Brand Group reached an agreement to buy Rocawear for $204 million. Another $35 million may be included in the purchase price based upon the brand passing certain pre-determined performance thresholds over the next 3
Rocky Brands Sinks into the Red in Q4…
Hurt by a slowdown in its western boot business, Rocky Brands Inc. reported a loss of $100,000 against a profit of $2.6 million, or 46 cents per share, a year ago. Revenues fell 5.7% to $70.6 million from $74.9 million…
Rossignol’s Weak Winter Drags Down Quiksilver’s Fiscal First Quarter Results…
Quiksilver was a victim of the warm winter weather during the company’s fiscal first quarter with both Europe and U.S. winter sports sales declining in the double-digits. While the company gained some market share during the fiscal fourth quarter, the re-
SGMA: Sporting Goods Industry Hits $66 Billion
According to SGMA’s annual The State of the Industry report, wholesale sales in the sporting goods industry increased 7.6% to $66.44 billion during 2006, up from $61.75 billion in 2005. This top line number includes sales of athletic footwear, apparel and
Ashworth Sees Domestic Woes Plague Q1 Results…
Growth overseas was not enough to offset decreases in the U.S. for Ashworth during the company’s fiscal first quarter. The overall sales decline, paired with increased expenses as well as decreased gross margins related to the “underutilization of the Emb
Famous Footwear Profits Soar 49.2% in Q4.
Brown Shoe Co. reported fourth-quarter operating profit at the Famous Footwear chain jumped 49.2% to $22.5 million. Revenues grew 13% to $320.9 million on a 2.9% comp gain. Famous Footwear’s bottom line was helped by an increase in regular-priced sales a
Fleet Feet Boasts 17.5% Comp Gain in 2006
Fleet Feet recorded 19.9% growth in sales in 2006 surpassing $63 million in revenue compared to $52 million in 2005. Comp-store sales were up 17.5% on top of the 16.1% increase posted in 2005. The franchisor expects to add 7 more franchisees this year…
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