In spite of a 16% surge in shooting sports equipment, retail sales of sporting goods (footwear, clothing and equipment), which reached a record $53.5 billion in 2007, fell 1% in 2008 to $53.4 billion, according to the just released National Sporting Goods
Category: Sports/Fitness
Broder Bros. Completes Financial Restructuring
Broder Bros. Co., which distributes Anvil, Fruit of the Loom, Gildan, Hanes, Jerzees, adidas Golf and Champion product, has completed its previously-announced financial restructuring through the settlement of its private exchange offer…
Hibbett Sports Sees Strong Footwear Focus Net Strong Bottom Line Results for Q1
Hibbett Sports got a boost from strong early sell-through of footwear and accessories and benefited from slightly higher overall average selling prices to post a fairly solid first quarter, but trends slowed at the end of the period as the small market re
JD Sports Moves onto the Continent
JD Fashion Plc, the U.K. sports fashion and footwear chain, has acquired sports retailer Chausport SA, based in Lille, France, for €8 million ($11.1 million) in its first move into the French market. Chausport was founded in 1980 and has 78 stores across
JJB Sports Posts Steep Loss in 2008
JJB Sports posted a net loss of £167.6 million ($264.6 million) for the fiscal year ended January 25, compared with a profit of £9.6 million ($15.3 million) for the prior year. The latest year reflects a charge of £171.7 million ($273.5 million) due to st
Adidas Group Names Chief Officers for Sales and Retail
Adidas Group has named two new chief officers for sales and retail, responsible for both adidas and Reebok. Michael Stanier joined the adidas Group as chief retail officer on May 15, and Roland Auschel will assume the role of chief sales officer on July
Outdoor Retailer Further Cuts Costs to Add Value
Like operators of many businesses these days, the organizers of the Outdoor Retailer trade show recognize that “flat is the new up.” That's why their “goal” for the upcoming Summer Market is to have at least the approximately 21,000 overall attendees
RECALL: Norco, Trek, Cannondale Bikes
Around 20,000 mountain bikes and bike frames are being recalled last week by three companies in cooperation with the U.S. Consumer Product Safety Commission. Both Trek and Cannondale are recalling bikes with faulty suspension forks manufactured by Taiwane
Survey: Business Getting Done at OR Trade Show
In its first comprehensive survey around the iconic outdoor industry trade show event since 2004, the organizers of Outdoor Retailer found – not so surprisingly – that new products and networking were the primary reasons retailers went to their trade show
Cloudveil Appoints New Sales Positions
Cloudveil has named James Samuel to a new position, Director of Global Sales, while Ned Hutchinson assumes North American Sales Management responsibilities…
YogaDirect Becomes Preferred Yoga Supplier for Lady of America
YogaDirect.com is teaming up with the Lady of America Franchise Corporation, one of the largest influences in women’s fitness in North America…
Sports, Inc. Industry Grants Total $430,000
Since 1997, Sports, Inc. has invested $430,000 through its membership across the United States to fund sports related facilities and programs. The funding program, which is called the “Sporting Chance Award”, is given each year to two the Sports, Inc. me
Audobon Society Honors REI’s Sally Jewell
The National Audubon Society recently honored Sally Jewell, president and CEO of Recreational Equipment, Inc., at its sixth annual Women In Conservation Luncheon in the Plaza Hotel in New York City. In a statement, Audubon noted that REI is “dedicated to
Zumiez Q1 Comps Drops 15.3% with 2.4% Slide in Net Sales
Zumiez Inc. said total net sales for the first quarter ended May 2, 2009 decreased 2.4% to $76.8 million from $78.7 million reported in the first quarter ended May 3, 2008. The company posted a net loss for the quarter of $1.7 million or 6 cents per dilut
First-Quarter Profits at Target Decline 13%
Target Corp's first-quarter profit declined 12% to $522 million, or 69 cents a share, from $602 million, or 74 cents a share. But results were well ahead of Wall Street's consensus estimate of 60 cents due to limited markdowns and controlled ex
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