Hibbett Sports, Inc. posted a healthy sales increase for the first quarter with comps just a sneeze into positive territory. The company has completed its JDA software conversion and has now moved on to the enterprise planning piece, turning on the more d
Category: Outdoor
ASICS Sales Up 16% in 2008; Expects Better 2009
ASICS Corp. saw strength across the globe drive sales for fiscal 2008, as footwear and equipment both grew, but apparel sagged slightly. Overall, the company reported a 16.3% jump in net revenues for the fiscal year ended March 31 to ¥226.17 billion ($1.9
Shimano Rides Cycling to Strong Sales Increase in Q1
Shimano Inc. said net sales at its cycling business rose by ¥7.8 billion ($7.4 mm), or 22%, to ¥43.3 billion ($411 mm) in the first quarter ended March 31. Fishing tackle net sales, however, dipped by ¥142 million ($1.4 mm), or 1.2%, to ¥11.4 billion ($10
Pacific Sunwear Exits demo Business; Cuts Guidance
Pacific Sunwear had the closure of its demo and One Thousand Steps stores eat into the bottom line, as closure expenses accounted for more than $25 million of the reported loss for the period. For continuing operations, PSUN saw a loss of $12.0 million,
Columbia Trims HQ Staff
The Oregonian reported that Columbia Sportswear trimmed headcount at its headquarters near Beaverton through layoffs and voluntary buyouts. The newspaper said company spokesman John Fread would not say how many workers took the buyout offer or were cut i
Patagonia Exits Paddlesports
Patagonia told retailers last week that it was exiting the paddlesports business and put all its 2008 product on close-out….
NSGA: Athletic FootwearTallies $17.4 Billion in 2007
Retail sales of athletic footwear have surpassed the $17 billion mark for the first time, reaching $17.4 billion, an increase of 2.7% versus 2006, when sales were $16.9 billion, according to the National Sporting Goods Association’s just-released “Sportin
Granite Teams with Retailers to Donate Gear
Granite Gear partnered with retailers Midwest Mountaineering and Rutabaga to donate 20 Portage Packs to Big City Mountaineers for use in its summer paddling programs for urban teens from low-income families…
Greg Norman Chief Takes Over La Perla
Suzy Biszantz, president and CEO of Greg Norman Collection, formerly owned by Reebok, for seven years, was appointed CEO of La Perla, North America, the Italian-based designer and multi-channel global marketer of luxury intimate apparel and beachwear…
RECALL: Rawlings Helmets
Rawlings Sporting Goods recalled its Rawlings Junior Batting Helmets due to violation of lead paint standards. About 2,300 of the helmets contain excessive levels of lead in the surface paint…
ForeFront Implements Reverse Stock Split
ForeFront Holdings, Inc., the golf accessories firm, has implemented a one-for-five reverse stock split of its common stock. As a result of the reverse stock split, as of the opening of business on May 28, the trading symbol for the company's shares
Road Travel Dropped in March for First Time since 1979
If you think fewer people showed for your big sale last month, you're probably right. The Federal Highway Administration released data Friday that show Americans cut back travel by about 4.3% in March, continuing a trend that began in November. It wa
Adrenalina Posts Loss
Adrenalina, the start-up action sports store, posted a net loss from operations in the first quarter of $2.2 million versus a loss of $1.2 million a year ago. The wider loss is primarily due to a change in focus on retail sales which have lower margins a
K-Swiss Acquires Majority Stake in Palladium SAS
K•Swiss Inc. has signed a definitive agreement to purchase 57% of the equity interests of Palladium SAS from its stockholders for a total purchase price of approximately €5.3 million in cash ($8.3 mm), including a loan of €3.6 million ($5.6 mm). K•Swiss w
Heelys Promotes Marketing Chief to CEO
Heelys, Inc. said its SVP of marketing Don Carroll was been named president and CEO, effective May 20. Prior to joining Heelys on January 2, 2008 Carroll served as managing director of Vector2Group, a Dallas-based management consultancy firm that he co-f
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