Foot Locker, Inc. reported that fiscal third quarter sales came in below expectations as a weak U.S. mall environment was joined by tough sales results coming out of Europe and a flat Canadian business. Australia was the lone bright spot, but the world’s
Category: Outdoor
Dick’s Sporting Goods Exceeds Guidance in Q3 Despite Weaker Comps…
Dick’s Sporting Goods again surpassed expectations in the third quarter with higher than anticipated earnings in spite of slowing sales growth and negative comp store sales…
Forzani Expands Canadian Sports Retail Footprint…
The Forzani Group Ltd. last week announced that it plans to acquire Athletes World Limited, a Canadian retailer of athletic and recreational footwear and apparel owned by Bata Ltd. Athletes World had filed on October 30, 2007 for protection under the Com
Asics First Half Sales Jump on U.S. Footwear Strength…
Asics Corp. reported that 2007 first half revenue increased 14.0% to ¥108.74 billion ($912.3 mm) from ¥95.40 billion ($828.1 mm) for the same period last year. Net income jumped 18.2% to ¥8.29 billion ($69.6 mm) from ¥7.02 billion ($60.9 mm)…
Converse to Sell One Start Line through Target…
Just a week after Sports Executive Weekly speculated that Nike, Inc. may pull back from the mass retail channel after it sold off the Starter license that was predominantly servicing a Wal-Mart program and hinted at scrapping the Tailwind project that was
Perry Ellis Q3 Swim Revenues Grow 20%…
Perry Ellis International said its swim business grew 20% in Q3, while action sports more than doubled. Nike swim increased penetration from spring '07 to spring '08 by 806 doors, surpassing the 6,200 door mark, growing strongly at department st
Forzani to Acquire Athletes World
The Forzani Group Ltd. plans to acquire Athletes World Limited. On October 30, 2007, Athletes World, a Canadian retailer of athletic and recreational footwear and apparel, sought and obtained protection under the Companies' Creditors Arrangement Act.
Shoe Carnival Q3 Net Income Halved on Declining Comps
Shoe Carnival net sales for the third quarter decreased 8.0% to $173.9 million from sales of $189.1 million in the same quarter of 2006. Comparable store sales declined 5.0%. Net income was $4.2 million as compared with net income of $8.4 million in the t
Gramicci Expands HQ
Gramicci apparel has a new expanded the brand's headquarters, which has been dubbed the “Global Habitat,” in the historic Hill Section of Agoura California. Gramicci, lead by president Marty Weening, has successfully completed Stage Two of its Strat
Pacific Sunwear Slips to Q3 Loss on Negative Comps
Pacific Sunwear of California sales for the third quarter were $373.1 million, a decrease of 0.6% from $375.4 million for the third quarter of 2006. Total same-store sales increased 5.0% during the third quarter of fiscal 2007. By concept, PacSun same-sto
Mizuno H1 Sales Up 8%; Net Income Falls
Mizuno Corp. saw first half net sales increase 8.0% to ¥46.91 billion ($729.1 mm) from ¥80.50 billion ($698.7 mm) in the year-ago half. Gross margins declined 70 basis points to 41.9% of sales from 42.6% last year. Net income dropped 38.0% to ¥2.07 billio
Nike and Foot Locker Open House of Hoops
Nike and Foot Locker opened the doors to House of Hoops by Foot Locker on Harlem's 125th Street, a basketball retail experience with Nike, Jordan Brand and Converse exclusively under one roof…
Motor Tabs Builds Sales Force and Adds Distributors
Sports Engine LLC’s Motor Tabs Fluid Replacement System recently secured distribution in Canada, Mexico, Puerto Rico, and the United Kingdom. In addition, the company significantly expanded its domestic sales force by adding two rep groups and three inde
Converse to Sell to Target
Converse Inc. has reached an agreement to sell its One Star footwear and apparel collection exclusively to Target stores, beginning February 2008. The One Star collection will be supported by an integrated marketing campaign. Select sportswear and footwea
Powderhorn Hires Katie Schou as Dealer Services Manager
Powderhorn appointed Katie Schou as Dealer Services Manager for the label’s North American retail accounts. Formerly the Export Manager and Customer Service Manager for both Life-Link International and Dynafit, Schou brings with her a wide-range of exper
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