Big 5 Posts Positive Q1 Comps; Will Restate Earnings for Two Years
Big 5 Sporting Goods Corp. reported that, based on preliminary sales results, it expects to post a same store sales increase of approximately 1.7% for the first fiscal quarter ended April 3, 2005 versus the year-ago period. BGFV also reported that it wou
Former Brooks Sports Chairman Moves Back to Retail
Dry Ice, Inc., a specialty retailer of home furnishings for teens, has named retail veteran Ann Iverson as acting Chief Executive Officer. Ms. Iverson recently led the growth and expansion of the Brooks Sports as Chairman of the Board.
The Buckle Completes Stock Buy-Back From Founder
The Buckle has completed its stock buy-back with Daniel J. Hirschfeld, founder and Chairman. On March 24, 2005, the Company entered into an agreement to purchase a total of 3,000,000 shares of the Company's outstanding common stock from Mr. Hirschfel
The Sports Authority Rolls Out The Red (Sox) Carpet for Investors…
TSA held an investor day on March 29 in the soon-to-be demolished .406 club at Fenway Park, with chairman and CEO Doug Morton starting the conference by telling investors that “We want the customer to come to TSA instead of WMT”. He then proceeded to des
SGMA Issues a Call to Action for National P.E. Day Lobbying Efforts…
SGMA has put out an all points bulletin to the sporting goods industry to rally support for P.E.4LIFE’s 5th Annual National P.E. Day and the associated lobbying efforts to support funding for physical education programs in schools. At issue is a cut in f
The Walking Company Keeps Big Dog in Positive Territory in 2004…
The Walking Company kept Big Dog Holdings in positive territory for the year when adding in the ten months of business under its new parent, and a closer look at pro forma results shows that TWC revenues grew 10.0% to $70.9 million in the fiscal year ende
Zumiez is Firing on All Cylinders as IPO Approaches…
Zumiez, Inc. filed its amended S-1 last week as the Seattle-based action sports retailer prepares to enter the public market this spring. Based on the company’s most recent results, management has read all the right books about dressing yourself up for t
Asics and Brooks Roll Ahead of Nike and New Balance at Fleet Feet…
Fleet Feet, Inc. released its 2004 annual report last week, boasting a total of 61 franchise stores at year-end after successfully opening a record 12 new stores for the year. Jeff Phillips, the former Brooks exec who joined Fleet Feet three years ago an
Golfsmith Q4 Net Loss Expands on Comp Sales Decline…
Golfsmith International filed its 10-K for 2004 last week, posting a net loss in the fourth quarter that erased all profits for the year. Based on calculations made by SEW, consolidated revenues for Q4 declined 3.1% to $59.6 million, compared to $61.5 mi
Industry Retail Continues Surge in Profit Gains…
It was relatively calm in the retail market in the fourth quarter with no major mergers, acquisitions, or IPO’s announced in the sporting goods retail sector. The radical swing in numbers seen in quarters past from those activities was noticeably missing
Comet Sports Marketing Hires Barnwell
Comet Sports Marketing has named Alison Barnwell as its new Director of Sales and Marketing. Barnwell will oversee all strategic growth, new sponsorship sales, as well as the development of marketing elements for the existing sports properties represented
Wolverine Adds New Board Member
Shirley D. Peterson has been appointed to the Wolverine World Wide Board of Directors. Peterson joins the Wolverine board having served as President of Hood College of Frederick, Maryland, and as a partner and Head of Tax Practice at Steptoe & Johnson of
Scott USA Expands Bicycle Distribution Into Canada
Mica Sports has become the exclusive distributor of Scott bicycle products for Canada. The SCOTT cycling brand will be represented at the Montreal BTAC bicycle trade show this fall. Distribution of a limited number of SCOTT bicycles will begin this week t
Dyaco Acquires Spirit Fitness
Dyaco International has completed its acquisition of Spirit Fitness. Spirit, based in Jonesboro, AR, has been a well-respected manufacturer of home and light commercial fitness equipment since 1986. With its acquisition of Spirit, Dyaco intends to aggress
Southeastern Scientists Criticize Sustainable Forestry Initiative
Last week, joint press conferences were held in Raleigh, North Carolina, and Nashville, Tennessee, to release a letter signed by over 90 prominent Southern scientists calling for an overhaul of the Sustainable Forestry Initiative’s (SFI) certification sta
