Blacks Leisure Confirms Renewal of Working Capital Facility
Blacks Leisure, the retailer of outdoor and boardwear clothing, footwear and equipment, previously announced that Lloyds Banking Group would extend the working capital facility to 31 August 2010, subject to the required documentation being put in place…
Rock Climbing Injuries Increase as Sport Gains Popularity
It has been estimated that rock climbing is now enjoyed by more than 9 million people in the U.S. each year. A new study by researchers at the Center for Injury Research and Policy of the Research Institute at the Nationwide Children’s Hospital revealed a
Asia Outdoor Show Sees 50% Growth
When the 4th Asia Outdoor trade show closed its doors in the afternoon of Aug. 2 it reported more than 14,000 trade visitors. Show management said in a release that they were “very happy” to have reached all of their objectives: more visitors, new visitor
Shimano Feels the Effects of Global Recession in First Half
Shimano Inc. reported that the impact of the global recession and the pressure to reduce inventories has caused its bicycle components business and fishing tackle business to suffer from lackluster sales for the first half of 2009 ended June 30. As a resu
Sports Multiplied Names New Regional Reps for 2XU and BONT Cycling
Sports Multiplied, LLC, distributors of 2XU sports apparel and BONT cycling shoes, have recently appointed new sales reps in the Northern California and Colorado / Utah regions…
Iconix Gets Sport Brands Boost at Wal-Mart
Helped by a good reception of OP, Starter, and Danskin Now as well as exclusives at Wal-Mart, Iconix Brand Group's revenues climbed 9% in Q2 to $56.4 million from $51.7 million in Q2 last year…
Puma AG Sees Second Quarter Net Slide; U.S. Business a Bright Spot
Puma AG posted flat consolidated net sales growth in second quarter on a currency-adjusted basis, but revenues rose 4.1% to €600.3 million ($818 mm) when measured in the reported euro terms. Total worldwide sales under the Puma brand, which includes both
Retailers Pray Weak July Isn’t Harbinger of Slow Back-to-School
It was more of the “same ole’ song and dance” for July retail as numerous factors — old and new — contributed to the eleventh straight month of falling same-store sales. Analysts listed a number of catalysts for the decline, including consumer concerns
Big 5 Sees First Comp Gain in Six Quarters
Big 5 Sporting Goods reported a better-than-expected quarterly profit on tighter cost control and forecast third-quarter profit above Wall Street expectations. The Q209 comp gain reversed six straight quarters of comp declines…
Sport Chalet’s Fiscal First Quarter Sales Down on 14.7% Comp Sales Decline
Sport Chalet, Inc. saw sales decrease 8.9% to $79.4 million for the first quarter of fiscal 2010 from $87.1 million a year ago. Comps tumbled 14.7%. The net loss was narrowed to $3.0 million, or 21 cents per share, compared to a loss of $4.5 million, or 3
Aldila Sees Q2 Loss Widen on Shaft Sales
Aldila, Inc. reported second quarter losses widened on declining sales that suffered from a 21% decline in golf shaft sales. The golf shaft specialist reported net sales fell 22.5% to $10.6 million from $13.6 million in the year-ago period. Net loss was $
JD Sports Acquires Canterbury Rugby Brand
JD Sports Fashion Plc acquired the insolvent European arm of rugby apparel-maker Canterbury of New Zealand and global rights to the Canterbury brand. The U.K. chain bought Canterbury’s global brand, goodwill, and “certain fixed assets” for £6.5 million po
SEC Seeks More Than $22 Million from Former Kmart CEO
The Securities and Exchange Commission is seeking more than $22 million from the former CEO of Kmart Corp., Charles Conaway, for “intentionally lying” to Wall Street and concealing information from Kmart directors prior to its bankruptcy filing in 2002…
Weather Helps and Hurts Second Outdoor Sales
As consumers and analysts feel like they are beginning to see the end of the recession, spending on outdoor footwear, apparel and equipment seems to be turning around. Like many metrics recently cited by economists, the retail point-of-sale data compiled
Liberal Season Proposed for Upcoming Late Waterfowl Season
U.S. Fish and Wildlife Service today proposed continuation of liberal hunting season lengths for the upcoming 2009-2010 late waterfowl seasons, according to a release. Duck hunting season lengths would be 60 days in both the Atlantic and Mississippi Flywa
