JD Sports Aquires Canterbury Europe Limited for £6.5 Million
JD Sports Fashion Plc announced that it has acquired
the key trading assets and trade of Canterbury Europe Limited (in administration) along with the global rights to the rugby brand 'Canterbury' and 'Canterbury of New Zealand'. The b
Big 5’s Earnings Surge on Lower Costs, Comps Up 0.3%
Big 5 Sporting Goods Corp. reported sales for the second quarter rose 3.3% to $216 million from $209 million a year ago. Comps nudged up 0.3%. Net income climbed 176.5% to $4.7 million, or 22 cents a share, from $1.7 million, or 8 cents a year ago. Exclu
Sportsman’s Warehouse to Emerge from Bankruptcy
Sportsman’s Warehouse, Inc. announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed its Plan of Reorganization sponsored by an affiliate of Seidler Equity Partners, a private equity firm based in Southern California. The compan
i.e. Distribution Reaches Footwear Licensing Agreement for DADA
i.e. distribution reached a license agreement to produce and distribute DADA Footwear and DADA Supreme Footwear for North America. i.e. distribution is the world wide distributor and owner of World Industries, a 21 year old skateboard, footwear and access
Converse Nears $1 Billion Mark; Other Nike 10-K Notes
Converse widened its gap over the other brands in the Nike, Inc. subsidiary portfolio for the fiscal year ended May 31 and looks to be poised to reach the billion dollar mark in the current year. Converse posted a 12.6% increase in revenues for the fisca
Under Armour Beats Street Expectations in Q2, but Look Ahead Concerns Some
Under Armour, Inc. beat street expectations for the second quarter and provided full-year guidance that exceeds the estimates of analysts, but acknowledgement that the business growth will slow in the second half and moves to increase reserves to sell off
Golfsmith Q2 Promotions Fall Short of Mission
Golfsmith International Holdings, Inc. net income fell in the second quarter of 2009 as increased promotional activity failed to drive consumer spending as much the retailer expected. Second quarter revenues slid 11.7% to $114.8 million from $130.0 milli
Callaway Golf Sees Second Quarter Net Income Plummet of Margin Pressure
Callaway Golf continues to feel the impact of a sluggish golf industry as net sales fell 17% and profits tumbled 82.5% compared to the second quarter last year. The company attributed the drop in sales to challenging market conditions during the first hal
Volcom Q2 Sales Fall on U.S. Decline; Europe Seen Flat
Volcom, Inc.’s quarterly results continue to reflect the difficult retail environment as the company’s total consolidated revenues were $54.2 million for the second quarter, a 25% slide compared to $72.5 million in the second quarter of 2008…
Rocky Brands Sees Second Quarter Sales Fall Across All Divisions
Rocky Brands, Inc. said sales for the second quarter ended June 30, 2009 decreased 15.4% to $51.2 million versus net sales of $60.5 million in the second quarter of 2008. The company reported a net loss of $1.4 million, or 25 cents per diluted share, vers
Cabela’s Ups Guidance After Q2 Profit Jump
Following a first quarter that saw management voice concern over an increase in bad debt expenses, Cabela’s Inc. rebounded mightily in the second quarter to post better-than-expected profits as delinquent accounts decreased in every classification and ch
Brunswick Q2 Sales Plummet on Sinking Engine, Boat Sales
Brunswick Corporation quarterly results continue to reflect the difficult economic conditions as the company reported net sales for the second quarter of 2009 were $718.3 million, down 52% from $1.49 billion a year earlier…
Confluence Opens Accessories Division
Confluence Watersports is creating an independent Accessories Division which will include the Harmony and Adventure Technology brands. To lead this new division, Chris Pageau has recently been hired as general manager. In addition, the Adventure Technolog
Warne Scopes Mounts Announces Purchase of Bold Ideas
Warne Manufacturing, manufacturer of steel scope rings and bases as well as OEM components and assemblies for other companies, announced the acquisition of the aluminum products manufacturing facility Bold Ideas…
Study: Injuries Rising in Gym Class
Injuries to American children during physical education classes increased by 150% from 1997-2007, according to a new study from the McKenzie of Nationwide Children's Hospital in Columbus, Ohio…
