Hibbett Sports, Inc. reported sales increased 9% in the first quarter, to $145.8 million f rom $133.8 million. Comparable store sales increased 0.1%. Net income slid 7.8% to $9.4 million, or 32 cents a share, from $10.2 million, or 32 cents, a year ago. T
Category: Outdoor
PacSun Lowers Guidance
Citing “the difficult economic environment and the company's regional exposures to the challenging retail markets of California, Florida, Nevada and Arizona,” Pacific Sunwear of California lowered its earnings outlook for the second quarter and the f
Rocket Dog Acquires European Partner
Rocket Dog Brands LLC acquired Passion Sports, Ltd. and Passion Sports International, Ltd., its European Partner. Passion Sports has been distributing Rocket Dog products since 2001 and now operates in 19 countries. In conjunction with the transaction, P
Collective Brands Reappoints Three Directors
Collective Brands, Inc. said Matthew E. Rubel, its CEO and president; Judith K. Hofer, retail consultant; and Robert F. Moran, president and COO of PetSmart, Inc. were re-elected to the Collective Brands Board of Directors at its annual shareholder meetin
ASICS Fiscal Year Sales Jump, But Net Slides
ASICS Corp. reported a 16.3% jump in net revenues for the fiscal year ending March 31, 2008 to ¥226.17 billion ($1.99 bn) from ¥167.52 billion ($1.67 bn) last year. Growth in footwear and equipment more than offset a modest decline in apparel sales. Net i
West Marine Plans Franchises in Turkey
West Marine, Inc. has partnered with East Marine Denizcilik & Turizm A.S. to open its first franchise store in Istanbul, Turkey. An ardent sailor and industrialist, Mr. Rahmi M. Koç is the Chairman and controlling shareholder of East Marine. The opening p
Famous Footwear Q1 Earnings Drop on 7.3% Comps Slide
Brown Shoe Company, Inc. saw first quarter net sales decrease 2.1% to $554.5 million from $566.3 million last year. Net earnings in the quarter dropped 25.3% to $7.2 million. Net sales at Famous Footwear decreased 2.0% to $318.8 million, compared to $325.
Merchants Must Omit Expiration Dates from Receipts
The Senate passed legislation to protect retailers from being sued for printing credit card expiration dates on customers’ receipts. The legislation would protect merchants from lawsuits filed since December 2006, but requires them to truncate credit card
Nikwax Names Key Account Manager
Nikwax N.A. has hired Ben Palliser as key account manager, where he will be responsible for developing, managing and implementing sales and support to key dealers in the U.S. and Canadian wholesale channels…
Gander Opens Stores in Minnesota and Florida
Gander Mountain opened its newest stores in Eau Claire, Minn. and Ocala, FL. Tuesday and will celebrate grand openings for both large format stores May 30…
Bush Vetos Farm Bill with
President George Bush vetoed the Farm Bill Wednesday, citing earmarks of $250 million for a 400,000-acre land purchase from a private owner; $382 million for a watershed and funding and authority for the noncompetitive sale of National Forest land to a sk
Perry Ellis’ Q1 Revs Jump 6.4%
Perry Ellis International, Inc. reported Q1 revenues grew 6.4% to $243.5 million from $228.8 million a year ago. Revenue increases were driven by the Perry Ellis collection, swimwear/action sports (Nike Swim, Gotcha, Redsand), Hispanic & golf lifestyles,
Gander Mountain Adds Stores in Wisconsin and Florida
Gander Mountain opened its 13th store in Wisconsin and its 5th store in Florida. Both stores use the new larger format similar to other stores recently opened by the outdoor chain. The store in Eau Claire, WI, is 65,000 square feet, while the one in Ocala
JJB Sports Q1 Comps Drop 5.3%
U.K. sporting goods retailer JJB Sports Plc reported a 5.3% fall in first-quarter like-for-like sales. Like-for-like sales at JJB's retail stores fell 6.5% in the 13 weeks to April 27, with revenue at its health clubs up 5.0%. The combined gross marg
Twins Enterprise Becomes Headwear Supplier of the Jimmy Fund
For more than 60 years, the Jimmy Fund and Twins Enterprise have been favorite organizations of Boston Red Sox fans. Now the two are joining forces to help fight cancer. Twins Enterprise has become the Official Headwear Supplier of the Jimmy Fund, which s
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