Nike and Dixie Team Sports Partner on High School Sponsorships
Frontier High School in New Matamoras, Ohio, recently became the latest high school to enter into a a corporate sponsorship agreement with Nike and Dixie Team Sports, according to the Marietta Times. The report indicated that Dixie now has more than 50 Ni
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
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Net sales for the fourth quarter of fiscal 2010 increased 5.3% to $179.9 million from $170.8 million in the fourth quarter of 2009. Comparable store sales increased 4.6%…
Shoe Carnival’s Sales Up 5.3% in Q4
Shoe Carnival, Inc reported net sales for the fourth quarter of fiscal 2010 increased 5.3% to $179.9 million from $170.8 million in the fourth quarter of 2009. Comparable store sales increased 4.6%…
Jarden Corp. Raises Dividend 5%
Jarden Corporation, which owns Berkley, The Coleman Co., K2, Marmot, Penn, Rawlings, Shakespeare and Volkl brands, increased its dividend by approximately 5%.
Nike Quarterly Profit Misses View on Increased Sourcing Costs
Nike, Inc. reported earnings increased 5.2% in its third quarter ended Feb. 28, but results came in below expectations due to rising costs of oil and cotton. Revenue climbed 7.0% to $5.1 billion and were ahead 8% excluding currency changes. Nike brand fut