Wolverine Offers Cautious 2014 Outlook
Wolverine World Wide Inc. reported its fourth quarter earnings came in slightly above analysts’ expectations. But sales were moderately below plan as cold weather impacted sales of its brown shoes and casual footwear, especially with the Sperry Top-
Winter’s Price Tag this Year Estimated at $50 Billion
Economists said that the brutal winter weather is hurting the U.S. economy, with mounting losses due to slow retail sales, travel disruption and other factors….
Bauer to Snap Up Easton Baseball/Softball
In its largest acquisition to date, Bauer Performance Sports Ltd. (BPS) last week agreed to acquire the Easton Baseball/Softball business for US$330 million in an all-cash transaction…
Sport Chek Stars for FGL Sports’ Q4
Canadian Tire Corp. said its FGL Sports segment saw retail sales increase 13.3 percent for the fourth quarter with same-store sales climbing 12.5 percent. Comps at its core Sport Chek banner were up 15.6 percent for the same period…
Skechers’ Profit Surges as Sales Jump
Shares of Skechers USA hit a 52-week high last week after the company reported fourth-quarter earnings more than tripled on higher margins and a double-digit revenue gain…
DSW Sees Flat Q4 Comps
DSW Inc. reported that fourth quarter comps were flat compared to a 3.6 percent increase for the same period last year.
Dick’s SG Lifts Q4 Guidance on Robust Comps
Dick's Sporting Goods, Inc. increased its fourth quarter guidance due to better-than-anticipated same-store sales and merchandise margin, partially offset by higher incentive compensation…
Manchester United Reports Nike Revenues Declined in Fiscal Q2
Manchester United reported its retail, merchandising apparel and product licensing revenue, which is managed by Nike, declined 4.4 percent to £9.1 million in the second fiscal quarter ended Dec. 31, 2013…
Coolcore Signs Canadian Distributor
Coolcore has signed Trainers Choice as the exclusive distributor for its products, including its Dr. Cool recovery wraps, in Canada…
Skechers Q4 Profits Surge
Skechers USA, Inc. reported fourth-quarter earnings more than tripled to $14.2 million, or 28 cents a share, compared to net earnings of $4.0 million, or 8 cents, in the fourth quarter of 2012. Revenues rose 13.9 percent to $450.7 million compared to $395
IEG Releases 2014 Sponsorship Spending Forecast
Spending on sponsoring sports events is expected to rise 4.9 percent to $14.35 billion in North America this year, according to a forecast released by IEG, which helps many global brands manage their sponsorship marketing…
Spenco Appoints Running Specialty Sales Director
Spenco has hired a New Balance sales veteran to lead the charge for increasing its presence in the growing running specialty market. Len Chatwin will serve as running specialty sales director, a new position created by Spenco…
R.G. Barry’s Q2 Profits Benefit from Cost Controls
R.G. Barry Corporation reported net earnings rose 15.1 percent in the second quarter ended Dec. 28 to $6.1 million, or 53 cents per share. Revenues reached $48.0 million, slightly down from $48.5 million in the equivalent period last year…
Gildan Activewear’s Q1 Exceeds Guidance
Gildan Activewear Inc. adjusted net earnings rose 10.7 percent for the first quarter ended Dec. 29, to $43.3 million or 35 cents a share…
Adidas Sues Under Armour Over Mobile Fitness Patents
Adidas sued Under Armour, alleging it infringed on 10 Adidas patents used in Adidas’ fitness tracking system called miCoach…
