G-III Q4 Sales Up 40%
G-III Apparel Group, Ltd. reported net sales for the fourth quarter ended Jan. 31, 2011 increased by 39.4% to $270.2 million from $193.8 million during the comparable period last year…
REI Increases Member Dividend 17.5%
Figures released by REI in its annual dividend notice to members indicate the retail co-operative experienced significant growth in operating profits in 2010. REI is paying patronage refunds of $94 million and retaining $30.2 million of its 2010 earnings,
Dick’s SG Secures Incentives to Build Oklahoma Store
Dicks Sporting Goods is reportedly receiving as much as $900,000 for the construction of its potential store in Broken Arrow, OK. The location would be Dick SG's first store in Oklahoma…
Bicycle Leadership Conference Publishes Agenda
The bicycle industry will grapple with a range of issues – from the business impact of doping in the peloton, the commercial potential of the Internet and social networking, to the rekindling of the youth market – at the Bicycle Leadership Conference next
Scheels to Open First Utah Location
Scheels plans to open a 220,000-square-foot store in Sandy, Utah, its first in the state. The store will include a 65-foot-tall Ferris wheel and a 16,000-gallon salt-water aquarium…
Famous Footwear Posts Modest Fiscal Fourth Quarter Earnings Growth
Famous Footwear delivered a 4.9% comp gain in the fiscal fourth quarter on top of a 9% increase in the prior-year quarter. But overall operating earnings for the chain, which is owned by Brown Shoe Co., grew only modestly, held back by increased marketing
Shoe Carnival Posts Record Fiscal Q4 Profit Growth on Strength Business
Strength across all categories and a healthy jump in comparable store sales carried Shoe Carnival, Inc. to 70% profit growth for the fiscal fourth quarter ended Jan 29, making it the second-highest Q4 earnings jumps in the company’s history…
Li Ning’s Revenue Grow 13% in 2010
Chinese sporting goods brand giant Li Ning Company Ltd reported revenue grew by 13.0% in 2010, to RMB9.48 billion ($1.43 bn). Profit attributable to equity holders reached RMB1.1 billion ($167 mm), up 17.4% from 2009…
Lululemon Fourth Quarter Profits Soar; Sales Per Square Foot Reaches $1,726
Seeming to only build further momentum, Lululemon Athletica Inc. reported fiscal fourth quarter revenues surged 52.8% to $245.4 million for the 13-week period ended Jan. 30. The increase was driven by a 28% comp gain on a constant-dollar basis, bringing a
L.L. Bean Resumes Growth in Fiscal 2011 as Online Sales Overtake Brick-and-Mortar
Sales grew at L.L. Bean in fiscal 2011 for first time in three years thanks to a 29% jump in sales at the company’s online channel, which overtook brick-and-mortar to become the company’s dominant sales channel…
VF Corp. Rolls Out Five-Year Growth Plan to Add $5 Billion in Revenues
VF Corp. unveiled new five-year financial targets with a goal of adding $5 billion in revenues and $5 in earnings per share growth from 2010 levels. Not surprisingly, its Outdoor & Action Sports coalition is expected to fuel that expansion…
HR 1 Would Gut Conservation Spending
The Teddy Roosevelt Conservation Partnership, a coalition of sportsmen’s and conservation groups that includes Ducks Unlimited, the Trust for Public Land and wildlife management agencies, published its Sportsmen’s Priorities Checklist last wee
Birkenstock Expands Advertising Reach for 2011
Birkenstock USA launched its 2011 advertising campaign that will be featured in more publications than at anytime in its history. The extended reach is part of an overall program to pursue additional outdoor and specialty running accounts. The company al
Garmin sues Bryton for Allegedly Infringing Patent on Cycling Computer
Garmin Ltd. announced that a Garmin subsidiary filed a patent infringement suit against Bryton Inc. in the U.S. District Court for the District of Kansas. Garmin accuses Bryton's products of mimicking the appearance and functionality of Garmin's
McDavid to Sponsor Chicago’s NeXt All-American Classic
McDavid has been named the Official Sports Medicine and Protective Apparel partner of the NeXt All-American Classic, being held in Chicago on Sunday, April 3. The game features 24 of the best high school basketball seniors in America…
