The body count from a brutal economy continued to mount last week as four more major manufacturers announced operation restructuring plans to welcome in what has been an exceptionally frosty New Year for vendors and retailers across the board…
Category: Sports/Fitness
The Finish Line Shrinks Loss, Inventory in Third Quarter
Strong inventory and cost controls combines with a decent performance in footwear to help The Finish Line slightly trim its loss from continuing operations in the third quarter ended November 29. These improvements helped offset continued weakness in appa
Teva Hires New Global Marketing Director
Teva has hired Joel Heath as global marketing director. Heath is the fourth addition to Teva's Management Team within the last 10 months and joins a team that includes Global Product Director Juerg Geser, Domestic Sales VP Jake Brandman, Product Deve
Ruger to Repurchase 357,000 Shares
Sturm, Ruger & Company, Inc. announced that during the fourth quarter of 2008 the company repurchased 357,000 shares of its common stock for $2.4 million in the open market, including 309,000 shares repurchased in October 2008 and 48,000 shares repurchase
Stein Mart December Comps Fall 9.3%, Reduces Expense Structure
Stein Mart, Inc. saw total sales for the five-week period ending Jan. 3, 2009 of $178 million, a decrease from $196.3 million during the comparable period last year. Comparable store sales dropped 9.3% for the five-week period ended Jan. 3, 2008, an incre
OIA: November Outdoor Sales Slide 11%
According to most recent edition of The OIA Outdoor Topline Report, retail sales for all core outdoor stores (chain, internet, specialty) fell 11% in dollars ($407,383,909) compared to November 2007($458,334,314), the first month of overall dollar sales d
Skechers, Adjmi Team Up for Kids Apparel Line
Skechers USA said that Adjmi Apparel Group has been named the licensee for a new Skechers-branded children’s clothing line set to launch in Fall 2009 at department, specialty and online retailers that carry Skechers Kids footwear…
Columbia Sportswear Promotes Cusick to CFO
Columbia Sportswear Co. will promote Thomas B. Cusick to the executive position of VP, CFO and treasurer, effective Jan. 23. Cusick has served in senior financial management roles with Columbia Sportswear since joining the company as corporate controller
Several Retailers to Shutter Doors for Good (Year in Review)
A sluggish economy stampeded through an already-fragile industry like a rogue tornado in 2008, flattening everything in its path and leaving behind a smattering of once-proud companies that were unable to pick themselves off the proverbial mat…
2008 Was Rough, But What Exactly Will 2009 Look Like for the Industry? (Year in Review)
With the popping of the housing bubble quickly wreaking havoc across Wall Street and global economies, the sporting goods industry suddenly faces its biggest challenge since the Great Depression…
Greg Norman Collection Enters Agreement with Vantage Apparel
President and CEO Michael Setola announces that Greg Norman Collection has entered into a licensing agreement with Vantage Apparel to sell and distribute GNC apparel into the corporate sales channel. The new agreement is effective immediately…
Management Shakeup at JJB Sports
JJB Sports, the struggling U.K. sporting goods chain, has named David Jones, the former chief executive of U.K. fashion chain Next, as executive chairman. Peter Williams, the former chief executive of the Selfridges U.K. department store, has also been ap
California Pro Sports Forms Joint Venture
California Pro Sports, Torrance, Cal. team dealer,, announced a unique joint venture with Tyler Sports, Inc., operated baseball/softball training facilities, and The Perfect Fit, a sports marketing firm. The venture will enable the three regional compani
Holiday Was Just as Tough as Everyone Expected
Holiday 2008 proved to be just as disappointing for many in the retail sphere as everyone worried beforehand. Though anecdotal evidence from much of specialty retail held slightly better results than the general market…
Mizuno Opens New Distribution Center
MIZUNO USA, INC. held an official grand opening ribbon cutting ceremony for the company’s new 300,000 square foot distribution center in Buford, GA…
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