Category: Sports/Fitness

Zumiez Suffers Loss on 18.8% Comp Decline

August 20, 2009 SGB Update

Zumiez Inc. reported sales decreased 7.7% for the second quarter ended Aug. 1, to $85.2 million from $92.3 million a year ago. The action sports retailer lost $3.1 million, or 10 cents a share, in the period after a charge of $1.3 million, or 3 cents a sh

Hibbett’s Profits Plunge 77% in Q2

August 20, 2009 SGB Update

Hibbett Sports, Inc. reported second-quarter sales slid 5.5% to $123.1 million from $130.3 million a year ago. Comps were down 10.5%. Net income fell 77.1% to $1.1 million, or 4 cents a share, from $4.8 million, or 17 cents, a year ago…

U.S. Bicycle Route System Gains Grants

August 20, 2009 SGB Update

Adventure Cycling Association announced three new grants in support of the organization's work to establish an official United States Bicycle Route System (USBRS). The grants will enable Adventure Cycling to continue its organizing and cartographic w

RECALL: Felt Cyclocross Bikes

August 20, 2009 SGB Update

The U.S. Consumer Product Safety Commission, in cooperation with Felt Bicycles, has issued a voluntary recall of about 1,500 Felt F1X cyclocross bicycles from 2007/2008…

RECALL: Nirve Sports Bikes

August 20, 2009 SGB Update

Nirve Sports Ltd. is voluntarily recalling 120 Cannibal Bicycles due to problems with the bicycle's stems. Nirve has received reports of cracked stems…

Stage Stores Q2 Net Income Dips; Full Year Guidance Raised

August 20, 2009 SGB Update

Stage Stores, Inc.reported net income of $9.1 million, or 24 cents per diluted share, for the second quarter ended August 1, 2009, compared to net income of $9.7 million, or 25 cents per diluted share, for the prior year second quarter ended August 2, 200

Rise in National Park Visitation Helps Local Economies

August 20, 2009 SGB Update

America’s national parks are seeing more visitors in 2009 than a year earlier, according to visitation information collected by the National Park Service (NPS). National park units serve as primary economic generators in local communities across Ame

TJX Reports Q2 Comps Up 4%; EPS up 27%

August 18, 2009 SGB Update

The TJX Companies, Inc. announced net sales for the second quarter ended August 1 increased 4.0% to $4.7 billion and consolidated comparable store sales increased 4.0% over last year’s strong gains…

Saks’ Loss Widens in Q2; Maintains Sales Guidance

August 18, 2009 SGB Update

Saks Incorporated posted a net loss of $54.5 million, or 39 cents per share for the second quarter ended August 1, 2009, compared to a net loss of $32.7 million, or 24 cents per share, for the prior year second quarter ended August 2, 2008…

Urban Outfitters Beat Q2 Profit Estimates; Comps Slide 3%

August 18, 2009 SGB Update

Urban Outfitters, Inc., which operates under the Anthropologie, Free People, Terrain and Urban Outfitters brands, announced earnings of $49 million and $80 million for the three and six months ended July 31, 2009, respectively. Earnings per diluted share

The Paddlesports Trade Show Debate Updated

August 17, 2009 SGB Update

Some of the biggest buzz at the Outdoor Retailer Summer Market event had nothing to do with new product introductions. Early in the show, Jim Marsh, publisher of Canoe & Kayak magazine, announced his intent to launch a new paddling trade show (see BOSS_09

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