Maurice Sporting Goods Acquires Western-Hoegee
Maurice Sporting Goods, the country's largest wholesale sporting goods distributor, announced that they have acquired Western-Hoegee, a leading West Coast sporting goods wholesaler based in Glendale, CA. Western-Hoegee senior executives Jeff Glass a
GI Joes Brings in Equity Partner in $11.5 Million Deal
Norm Daniels, President and CEO of G.I. Joe’s Sports & Auto Stores, has announced the completion of a $11.5 million investment agreement with a private equity firm, Nogales Investors, of Los Angeles, CA. G.I. Joe’s will use the bulk of the funding to ope
Sport-Haley Fiscal Q1 Loss Widens Despite 29% Sales Gain
Sport-Haley, Inc. reported a loss of $1.3 million, or a loss of 52 cents per share, for its first fiscal quarter ended September 30, 2004, compared with a loss of $161,000, or a loss of 7 cents per share, in the year-ago period. Net sales increased appro
Hibbett Q3 Comps Up 5.4%; Net Income Up 16.5%
Hibbett Sporting Goods, Inc. reported that net sales for the third quarter ended October 30 increased 17.5% to $92.1 million compared with $78.4 million for year-ago period. Comparable store sales increased 5.4% in the third quarter of fiscal 2005. Net in
Delta Apparel Announces Sale of Yarn Plant
Delta Apparel, Inc. has signed an agreement with Parkdale America, LLC to sell its yarn manufacturing plant in Edgefield, South Carolina. In conjunction with the transaction, DLA will enter into a five-year agreement with Parkdale to supply its yarn requ
Foot Locker Q3 Net Income Up 19.4%; Comps Inch Up 1.2%
Foot Locker, Inc. reported net income for its third quarter ended October 30 increased 15% to 47 cents per share, or $74 million, from 41 cents per share, or $62 million last year. For the third quarter period, sales increased 14.4% to $1.37 billion this
Nautilus Announces Recall to Repair Certain Bowflex Models
The Nautilus Group and the Consumer Product Safety Commission (CPSC) announced a voluntary recall to repair certain Bowflex home gym models by providing customers free replacement parts through the company's warranty reserve…
Gregory Acquired by Security Products Firm…
Gregory Mountain Products’ parent company, Bianchi, has been acquired by Armor Holdings Inc., a manufacturer of military, law-enforcement, and personnel safety products. Bianchi’s main products are duty and concealment holsters, belts and accessories used
Warrior Lacrosse Signs Uniform Deal with Alleson Athletic
Warrior Lacrosse has signed a license agreement with Alleson Athletic for uniforms. Effective immediately, Alleson will manufacture, distribute and sell Warrior practice and game uniforms for men, women and kids through in-stock and custom uniform progra
Sport Supply Group Swings to Fiscal Q2 Profit
Sport Supply Group, Inc. reported net income of approximately $1 million, or 11 cents per share, for the second quarter ended September 30, compared to a net loss of $300,000, or a loss of three cents a share, in the comparable period last year. Net reve
Hutin is Latest Casualty at Callaway…
Debate continues to swirl around the prospects for Callaway Golf Company after the company announced last week that yet another key executive would be leaving the company — and leaving it very thin at the top. Patrice Hutin, who has held the position of
True Temper Hurt by Shaft Declines…
True Temper Sports reported that net sales for the third quarter decreased 13.6% to $21.3 million from the $24.7 million in sales in Q3 2003. Gross margin declined 470 basis points to 39.3% of sales from 44.0% of sales in the year-ago period. Net income
Adams Golf Puts it in the Fairway; Posts Q3 Profit Despite Driver Declines…
Adams Golf reported that net sales for the third quarter increased 13.7% to $10.9 million, compared to $9.6 million for the year-ago period, due primarily to the success of the new Ovation fairway woods that were first delivered tin the first quarter. Th
Rebel Sport Looks to Holidays for Profit Recovery…
Briscoe Group, the parent company to New Zealand’s largest sporting goods and outdoor equipment retailer, Rebel Sport, reported un-audited sales for the three months ended October 31, 2004 were $71.6 million, a 5.0% increase over the $68.2 million reporte
Full-Line Sporting Goods Sales Growth Outpacing Specialty Growth…
In a recent analysis of recently released U.S. Census of Retail data, the National Sporting Goods Association found that sales at sporting goods stores increased 25% over a five-year period from 1997 to 2002. The group, which includes full-line sporting