Sports Retailers See Better Softgoods Drive Sales Growth in First Quarter…
The U.S. sports retail business was a bit of a mixed bag in the first quarter as early numbers from the public companies started to come in over the last two weeks. Dick’s Sporting Goods and Big 5 Sporting Goods both posted solid comp store sales gains i
Execute Sports Has Tough Q1…
Execute Sports net sales for the first quarter decreased 7% to $595,534 from $639,610 last year. The company attributed the sales decrease to the discontinuation of its motocross business line, but noted that the decrease was offset by increased sales fro
American Skiing Co. Eastern Weakness Continues
American Skiing Company reported particularly strong visitation levels for its western resorts in the winter operating season, bolstered by good skiing and riding conditions, but eastern resorts, where the company has most of its business, reported a slow
Execute Sports Q1 Loss Widens on Lower Margins
Execute Sports, Inc. net sales for the first quarter ended March 31, 2006 were $595,534 compared to $639,610 last year, representing a $44,076, or 7% decrease. The three month year-over-year decrease is due to the discontinuation of its motocross business
Thule to Acquire Three Brands Worth $240 Million
Thule will acquire Brink International BV, Valley Industries, and SportRack Accessories, all subsidiaries of US based Advanced Accessory Systems (AAS). Brink and Valley are leading European and North American players for towbars while Canadian SportRack
Foot Locker Sees Weakness in Europe Slows Bottom Line Growth
Foot Locker, Inc. posted net income of $59 million for the first quarter ended April 29, 2006, up 2.1% from net income of $58 million for the year-ago period. Earnings per share reflected the net increase at 38 cents per share, up a penny from 37 cents f
Cybex Prices Secondary Offering
Cybex International, Inc. priced a secondary offering of 3.5 million shares of common stock at $5.50 per share. Of the total shares being offered, 1.75 million shares will be issued by CYBEX and 1.75 million shares will be sold by the selling stockholders
eBags.com Wins ‘Website of the Year’ at Multichannel Merchant Awards
eBags.com won “Website of the Year” at the 2006 Multichannel Merchant Awards. The awards were announced at a special luncheon on May 10 at the Annual Conference for Catalog & Multichannel Merchants (ACCM) in Chicago. The company also received the Gold Awa
New Balance and Head/Penn Ink Partnership
This Spring, New Balance will partner with HEAD/Penn to provide footwear to the approximately 800 tennis pros that make up the HEAD/Penn advisory staff…
GBMI Promotes Lemere and Nakamura to New VP Roles
Global Brand Marketing Inc. appointed Todd Lemere to Vice President of International Operations. Lemere has worked in many different divisions at GBMI, including Marketing, Operations, Business Development and International. In addition, GBMI has promoted
Zumiez Posts Q1 Profit on 19.7% Comps
Zumiez Inc. total net sales for the first quarter ended April 29, 2006 increased by 43.2% to $47.8 million from $33.4 million reported in the first quarter of the prior fiscal year. The company posted net income for the quarter of $1.1 million or four cen
Retailers Help Smith Optics Make the Next Move
Last month, Smith Optics held its annual Dealer Advisory Board Meeting with key retailers from different channels of trade. The Dealer Advisory Board provided strategic input to all aspects of the company then enjoyed a day of snowboarding/skiing in Sun
Easton-Bell Q1 Sales Jump 27.4%
Easton-Bell Sports posted net sales for the first quarter of $111.2 million, a 27.4% jump from sales of $87.2 million last year. Team Sports first quarter net sales increased 67.3% to $45.7 million from $28.2 million. This increase is primarily attributab
All Concepts Help TJX Q1
The TJX Companies, Inc. reported a 7% net sales for the first quarter to $3.9 billion on a consolidated comparable store sales increase of 1% over last year. Net income was $164 million, and diluted earnings per share were 34 cents, a 21% increase over 28
Nike Loses South American Converse Contract Dispute
Nike, Inc. received a less that hoped for ruling in an arbitration case arising from a contract dispute between the company's Converse subsidiary and Alon International, S.A., a former licensee for Converse in Brazil, Argentina, Paraguay and Uruguay.
