According to Finish Line's just-released 10K, Finish Line will remain majority owner of Running Specialty with a 51 percent stake following its strategic investment with Gart Capital Partners. As part of the transaction, GCPI issued Finish Line a $4.
Category: Outdoor
OIA Urges Obama to Override Forest Service Roadless Rule for Colorado
Outdoor Industry Association petitioned the Obama Administration to overrule the U.S. Forest Service and double the amount of its areas in Colorado set aside for top tier roadless rule protections…
Skullcandy’s First Quarter Earnings Increase on Strong Sales
Skullcandy Inc. reported that its first quarter net income for the three months ended March 31 rose 6 percent to $1.1 million, or 4 cents per share, from $1 million, or 8 cents per share, last year. Revenue rose 48 percent to $53.3 million from $36 millio
Sports Authority Supports Skin Cancer Awareness Month
Sports Authority has teamed up with the Melanoma Research Alliance (MRA) in recognition of May's Skin Cancer Awareness Month for the second year in a row…
Ross Stores Reports April Same Store Sales Gain of 7 Percent
Ross Stores, Inc. reported that sales increased 11 percent to $725 million for the four weeks ended April 28, 2012, up from $651 million for the four weeks ended April 30, 2011. Comparable store sales for the month grew 7 percent on top of a very strong 1
Target’s April Comps Up 1.1 Percent
Target Corp. reported that its April same-store sales rose 1.1 percent compared to the year-ago period. Target’s net retail sales for the four weeks ended April 28 were $4.98 billion, an increase of 2.1 percent from the comparable period last year..
Nordstrom’s Comps Jump 7.1 Percent in April
Nordstrom, Inc. reported a 7.1 percent increase in same-store sales for the four-week period ended April 28, 2012 compared with the year-ago period. Preliminary total retail sales of $802 million for April 2012 increased 10.5 percent compared with total r
Compass Diversified Holdings Raises $66.4M from Divestiture
Compass Diversified Holdings, which added CamelBak Products to its growing portfolio of outdoor recreation companies in 2011, sold its stake in Halo Holding Corporation. Compass Diversified said it would use the $66.4 million in proceeds to enhance liquid
IBM: M-Commerce Reaches 13 Percent of E-Commerce Sales
Mobile commerce grew to 13.3 percent of online sales in in the first quarter, up from 7 percent in the first quarter of 2011, according to the IBM retail online economic indicator, a cloud-based analytics report which examines the state of the online reta
Nike Raises Sustainability Aims
Nike Inc. released its FY10-11 Sustainable Business Performance Summary which introduces its new targets and outlines its progress against key business, labor and environmental goals. The company also discusses the key challenges and its strategy for its
Academy Sports Tops J.D. Power Customer Service Survey
Academy Sports + Outdoors placed first in J.D. Power and Associates' inaugural report measuring the overall sporting goods retailer customer satisfaction experience. Others scoring high across a variety of measures were Hibbett Sports and Play It Aga
QBP Owners Buy Majority Stake in SmartEtailing
Quality Bicycle Products (QBP) owners Steve Flagg and Mary Henrickson acquired a majority stake in SmartEtailing, an e-commerce vendor focused on helping the IBD channel sell online and compete against Amazon.com and other pure play Internet retailers thr
TaylorMade-Adidas Golf Boasts 32 Percent Q1 Revenue Gain
TaylorMade-Adidas Golf announced record sales of $508 million globally in the first quarter of 2012, a 32 percent increase on a currency-neutral basis over the prior year. TaylorMade's statement came out the same day that its parent, Adidas Group, po
Kenneth Cole 1st-Quarter Loss Narrows
Kenneth Cole Productions, Inc. reported that net revenues in the first quarter were $116.8 million, versus the year-ago level of $117.5 million. Wholesale revenues were up 3.0 percent to $76.7 million versus the year-ago period…
Warnaco’s Q1 Swim Revenues Sink 9.7 Percent
The Warnaco Group reported revenues in its swimwear group, which includes Speedo, slid 9.7 percent to $91.9 million from $101.7 million a year earlier. Operating income improved slightly, to $14.8 million from $14.1 million…
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