Category: Outdoor

Macy’s Comps Fall 1.5%

November 8, 2007 SGB Update

Macy’s, Inc. reported total sales of $1.853 billion for the month of October, 2007, a decrease of 0.5% compared to total sales of $1.862 billion in the same period last year. On a same-store basis, Macy’s, Inc. sales were down 1.5% in October. This compar

Kohl’s October Comps Fall 3.8%

November 8, 2007 SGB Update

Kohl’s Corporation sales for the month of October, 2007 increased 1.6% over 2006. On a comparable store basis, sales decreased 3.8%. Based on October’s results, the Company expects its third quarter earnings to be 59 cents to 60 cents per diluted share…

Sports Direct Sells Amer Stake

November 8, 2007 SGB Update

Sports Direct, the UK retailer controlled by Mike Ashley, sold its entire stake in Amer Sports for €166.6m ($242 million). Sports Direct said in a statement, “The proceeds of sale will reduce group borrowings.”…

NexCen Breaks Even in Q3 on 28% Sales Increase

November 8, 2007 SGB Update

NexCen Brands, Inc. total revenues increased 28% from Q2 2007 to $11.3 million. Operating income increased 85% from Q2 2007 to $2.6 million. Net Income of $117,000 or 0 cents per share compares to a net loss of ($245,000) or one cent per share in Q2 2007.

Heelys Third Quarter Sales and Income Drop

November 7, 2007 SGB Executive SGB Update

Heelys net sales declined 31.1% for the third quarter of 2007 to $49.9 million compared to net sales of $72.5 million in the corresponding period a year ago. Net income declined 44.1% to $6.6 million, or 24 cents per diluted share versus net income of $11

Sports Chalet’s Q2 Profits Tumble 56.5%

November 7, 2007 SGB Executive SGB Update

Sport Chalet, Inc. reported Q2 sales increased 7% to $97.7 million from $91.3 million a year ago, but same-store sales dropped 2.2%. Net income plunged 56.5% to $739,000, or 5 cents a share, from $1.7 million, or 12 cents, for the same period last year. S

Oakley Shareholders Approve Luxottica Merger

November 7, 2007 SGB Executive SGB Update

Oakley, Inc. shareholders approved the merger agreement with Luxotitica Group S.p.A. at a special meeting. Following the consummation of the merger, Oakley will become an indirect wholly owned subsidiary of Luxottica Group. Based upon the preliminary tall

DSW Third Quarter Comps Slip 3.0%

November 7, 2007 SGB Update

DSW Inc. reported net sales for the thirteen-week quarter ended November 3 increased 11% to $367.4 million compared with $332.2 million for the year-ago period ended October 28, 2006. Same-store sales decreased 3.0% for the comparable thirteen-week perio

New Balance Donates $3 Million to New England Aquarium

November 5, 2007 SGB Update

The New England Aquarium has received a $3 million gift from the New Balance Foundation to help build the New Balance Foundation Marine Mammal Center and to develop innovative programs using seals and sea lions to promote childhood fitness…

Quik Sells Cleveland to Srixon/Dunlop Parent…

November 5, 2007 SGB Update

Quiksilver Inc. is now getting out of the golf hardgoods business. While companies are sprouting up all over the PGA show floor with action sports-influenced golf apparel, the same trend has yet to materialize in the hardgoods space, leaving Quik to fulf

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