SGB Executive Outdoor
Forzani Group Third Quarter Degrades on Weak U.S. Dollar, Weather..
The Forzani Group Ltd. had to contend with a rising Canadian Dollar, deep promotional discounts and warm weather in the fiscal third quarter ended October 28, but still managed to deliver an increase in overall retail system sales, thanks to improved resu
Hardlines Weakness Continues to Vex Quiksilver…
Quiksilver Inc. posted a steep loss in its fiscal fourth quarter ended October 31 due to massive write-downs of its hardgoods business acquired in the 2005 Rossignol acquisition. More surprisingly, the company also predicted a “small loss” for Q1 due to c
Under Armour Looks to Expand Workforce and Workspace…
According to local reports, Under Armour Inc. plans to significantly expand its work force, adding approximately 300 new members to its current 450-strong workforce. A spokesperson for UA had no comment on the report…
New Balance Acquires Vital…
In a push to jumpstart its apparel business, New Balance Athletic Shoe Inc. acquired Vital Apparel Group. The purchase price was not disclosed. Vital Apparel Group, based in Huntington, NY, comprises Vital Apparel, a women’s active brand; Vital Accessori
Golf Companies Win Some, Lose Some…
Callaway Golf Company and TaylorMade Golf Company have reached a settlement and patent license agreement that provides “specified rights” for each company to make certain products under patents owned by the other. The agreement covers technologies involvi
DSW to Focus on Smaller Stores…
DSW wants to get to $300 per square foot, and expects to get there through smaller, more productive stores and smarter real estate decisions. Last year's sales per square foot was $218…
Sport Chalet Not Too Worried About Dick’s Sporting Goods in SoCal…
Despite Dick's Sporting Goods moving heavily into the Southern California market with its acquisition of Chick's, Sport Chalet's CEO Craig Levra doesn't seem too concerned. Prompted by a question at the Wedbush Morgan investor conferen
Genesco / The Finish Line Trial Closes its First Week…
After months of public wrangling, charge and counter-charge surrounding the contentious merger between The Finish Line, Inc. and Genesco Inc., the trial that is supposed to resolve at least part of the dispute got under way last week in the Chancery Court
Third Quarter Looked Strong for Market, but Issues May Lurk Beneath the Surface…
Overall, the third quarter proved relatively strong for sporting goods vendors as net sales increased in high-single-digits for the period. Overall, net income grew faster than sales, posting 10.6% bottom line growth, with return on sales growing 10 basi
Ski/Snowboard Hall of Fame Inductees Announced
The U.S. National Ski and Snowboard Hall of Fame and Museum announced their inductees for the Class of 2007: Eric Bergoust, Donna and Jake Burton Carpenter, Mitch Cubberly, Tom Jacobs, Everett Kircher and Doug Lewis…
Report: Acushnet Loses Callaway Patent Suit
Callaway Golf Co. has won a patent-infringement jury verdict against Acushnet Co., according to Bloomberg News. Callaway sued Acushnet last year in a Delaware federal court for patent infringement relating to Callaway's three-layer golf balls. Acushn
Callaway and TaylorMade Settle Patent Suit with License Agreement
Callaway Golf Company and TaylorMade Golf Company have reached a settlement and patent license agreement. Under the terms of the agreement, each company will have specified rights to make products under patents owned by the other. Technologies at issue in
J. C. Penney November Comps Increase 2.6%; Internet Sales Soar
J. C. Penney Company, Inc. comparable department store sales increased 2.6% for the four weeks ended Dec. 1, 2007, in line with guidance for a low single-digit increase and compared to a 1.4% increase last year. Total department store sales increased 5.8%
Saks Comps Vault 25.7%
Saks Inc. reported November revenues rose 26.3% to $347.6 million from $275.3 million. Comparable store sales increased 25.7%…
Ross Stores November Comps Improve 3%
Ross Stores, Inc. saw November sales increase 10% to $547 million from $496 million for the same period last year. Same store sales for the four weeks ended December 1, 2007 increased 3% from the four weeks ended December 2, 2006…
