SGB Executive Outdoor
Hibbett’s Q2 Earnings Inch Up on 2.6% Comps Increase
Hibbett Sports, Inc. net sales for the 13-week second quarter ended August 4, 2007, increased 9.6% to $114.4 million compared with $104.4 million for 2006 quarter. Comparable store sales increased 2.6% on a fiscal basis. Net income for the second fiscal q
Pacific Sunwear Sees Limited Connection on Board
Pacific Sunwear of California, Inc. has added Grace Nichols to its Board of Directors. Ms. Nichols has worked for more than 20 years at Limited Brands, including fourteen years as CEO of Victoria's Secret Stores. Earlier this month, Michael Weiss res
Heelys’ Largest Shareholder Takes Spot on Board
Heelys, Inc. has expanded its board of directors to eight and has selected Gary L. Martin to join the board and serve as its non-executive Chairman. Mr. Martin, 61, is President and Chief Executive Officer of Capital Southwest Corporation, which is Heelys
Zumiez Q2 Net Income Nearly Doubles on 47% Sales Jump
Zumiez Inc. saw second quarter total net sales jump 47.0% to $82.0 million from $55.8 million last year. The company posted net income for the quarter of $3.1 million or 11 cents per diluted share versus $1.6 million or 6 cents per diluted share in the se
Gander Mountain Sees Q2 Loss Expand Despite Comp Gain
Gander Mountain Company second quarter, sales increased 18.6% to $216.5 million and comparable store sales increased 4.2% versus the second quarter of the prior year. This was the fourth consecutive quarter of positive comparable store sales gains. For th
Björn Borg Aces Second Quarter…
The Björn Borg Group saw strong gains on the top line translate into more than doubled earning on the bottom for the second quarter. In addition to the strong P&L showing, the group has been busy outside of Sweden, signing distribution agreements for Aust
Delta Fiscal Fourth Quarter Profits Hurt by Margin Pain, Restructuring Charges…
Delta Apparel, Inc., parent company to M.J. Soffe, ended its fiscal year with promising positive movement on the sales line, but net income failed to follow the trend as restructuring costs, split between one-time fees and increases to cost of sales, forc
NSGA Report Sees Athletic Footwear Growth Slowing…
The National Sporting Goods Federation is reporting that retail sales of athletic footwear rose just 1.0% during the six-month period from October 2006 through March 2007. Sales for the six-month reporting period were $6.14 billion versus $6.08 billion f
Hibbett Sports to Miss Second Quarter Forecast…
Hibbett Sports, Inc. issued a warning last week that the small market operator will miss its sales and earnings guidance for the second quarter. While the retailer did not provide specific details on the miss, Sports Executive Weekly assumes that a mix o
Second Quarter Retail Results May Signal a Pause in the Move to Premium in Team Sports…
The macroeconomic trends that the majority of public companies discussed on conference calls for the second quarter were also felt in the team sports market as overall sales improved less than one percentage point over the year-ago quarter. This near-flat
Finish Line Hires Outside Firm For Genesco Integration
The Finish Line, Inc. has retained Bain & Company to assist in the merger integration planning for the Company's pending acquisition of Genesco Inc. As previously announced, the Genesco transaction is expected to close in Fall 2007.
Cabela’s Acquires Canadian Retailer
Cabela's Incorporated has reached an agreement to purchase S.I.R. Warehouse Sports Store, a Winnipeg, CA-based hunt & fish specialty retailer. Cabela's currently has thousands of catalog and Internet customers in Canada, but this would be its fi
REI Introduces ‘Eco-Sensitive’ Labeling
Recreational Equipment, Inc. announced that select REI brand products will carry an eco-sensitive label, designating items manufactured with a high percentage of recycled, rapidly renewable and/or organic fibers. Additionally, REI is collaborating with m
GSI Commerce to Acquire Accretive Commerce
GSI Commerce Inc. has signed a definitive agreement to acquire Accretive Commerce Inc., a Huntersville, N.C.-based e-commerce solutions provider. The acquisition will expand GSI's partner base to nearly 80 as well as add to its infrastructure. Under
Bon-Ton’s Comps Drop 7.6%
The Bon-Ton Stores, Inc. announced total sales for the four weeks ended August 4, decreased 7.6% to $194.3 million compared to $210.3 million for the prior year period. Bon-Ton and Carson's combined comparable store sales for the four weeks decreased
