Cabela’s Rides Upside from Firearms Sales Growth
Very strong results from firearms and hunting equipment, along with efforts to significantly improve inventory levels helped Cabela’s to sustain only modest declines in sales and gross profit for the fourth quarter of fiscal 2008. Amid a harrowing environ
Chick’s Headquarters to Close
According to local reports, the Covina, CA headquarters for Chick’s Sporting Goods will close as its new owner, Dick Sporting Goods, continues to absorb operations…
Gander Mountain Expects Q4 Earnings to Rise
Gander Mountain Co. said it expects consolidated sales for the fourth quarter of approximately $333 million, compared to $318 million in the year-ago period, a 4.9% increase. Net income is expected to reach approximately $20 million compared to net income
Report: JJB to Close 46 Lifestyle Stores
Reports out of the U.K. have KPMG, which was named administrator of JJB's lifestyle Original Shoe Company and Qube stores, closing 46 of the 77 door in operation. This move will in turn cause 438 positions to become unnecessary for the retailers. The
Pacific Sunwear Fires Back at Adrenalina
Directors at Pacific Sunwear called a planned board battle by Adrenalina a waste of time and money and said they back efforts by the retailer’s chief executive to turn around the business…
Specialty Retailers Still Investing in Small Brands
Retailers have made drastic changes this year in their pre-season orders in hopes of remaining profitable during the economic downtown. Many are trying to wait as late as possible to place their orders, much to the chagrin of vendors, but a more interesti
Orange 21 Extends Date for Rights Offering
Orange 21 Inc. said it has extended the expiration date for its subscription rights offering previously announced on Jan. 22, 2009…
High Sierra Acquires Mervyns Registrations for Trademark
High Sierra Sport Company has acquired all Mervyns registrations for the trademark High Sierra. The purchase price of the sale was undisclosed. High Sierra is first and foremost a bag/luggage company and steadfast about not entering either the footwear or
GSI Commerce to Hold Three Investor Conferences
GSI Commerce Inc. said it is scheduled to participate in three investor conferences during February and March.
Confluence Introduces Community-Based Boating Incentive
From Apr. 1, 2009 through Aug. 31, 2009, Confluence Watersports will roll out a brand new program designed to support local organizations, introduce more people to paddling and establish a platform for a long-term sustainability initiative…
Sentencing in UA Stock Fraud Case
A federal judge has sentenced a 43-year-old Baltimore man to 2 1/2 years in prison for a stock fraud scheme involving Under Armour. Ronald Bowen was sentenced on mail fraud charges in U.S. District Court in Baltimore, according to the Baltimore Journal. H
Billabong H1 Sales Rise as EBITDA Stays Flat
Billabong reported that first half net sales jumped 22.1% as healthy growth in the company’s home Australasian market was outpaced by stronger gains in the Americas and Europe. Net sales grew to A$808.6 million ($632.6 mm) from A$662.0 million ($575.2 mm)
Chick’s Headquarters to Close
According to a report by the San Gabriel Valley Tribune, Chick’s Sporting Goods’ Covina-based headquarters will close as its new owner, Dick Sporting Goods, continues to absorb operations…
Cabela’s Q4 Profits Slide 12.1%; Comps Up 2.2%
Cabela's Inc. earnings fell 12.1% in the fourth quarter to $49.4 million, or 74 cents a share, from $56.2 million, or 84 cents, a year ago. Retail store revenue increased 6.9% to $429.5 million with a same store sales increase of 2.2%; direct revenue
Sport-Haley Sees Q2, First Half Results Tumble Across Board
Sport-Haley, Inc. reported net sales of fashion apparel for the three months ended Dec. 31 were $3.2 million, a decrease of $1.2 million, or 26%, from net fashion apparel sales of $4.4 million for the comparable three-month period in the prior fiscal year
