Steve and Barry’s Implodes as Model Fails
Steve & Barry's filed for Chapter 11 bankruptcy protection last week and now faces the daunting task of finding a buyer by July 31 or facing a full liquidation. Many retail experts attributed its collapse to a precarious business model built on sweet
Comps Grow in June as Consumers Search Out Deals in Value Channels
Fiscal June proved to be a stronger month than anticipated by many industry observers as the first sustained period of warm summer weather met with the arrival of government stimulus checks to drive positive comparable store sales growth…
Comps Grow in June as Consumers Search Out Deals in Value Channels
Fiscal June proved to be a stronger month than anticipated by many industry observers as the first sustained period of warm summer weather met with the arrival of government stimulus checks to drive positive comparable store sales growth…
While PacSun and Zumiez Continue Swapped Comps Stance and Buckle Sets Pace
Pacific Sunwear of California, Inc. reported total PacSun sales for the five weeks of fiscal June ended July 5, 2008 were $127.2 million, an increase of 5% versus total PacSun sales of $120.8 million during the same period last year…
While PacSun and Zumiez Continue Swapped Comps Stance and Buckle Sets Pace
Pacific Sunwear of California, Inc. reported total PacSun sales for the five weeks of fiscal June ended July 5, 2008 were $127.2 million, an increase of 5% versus total PacSun sales of $120.8 million during the same period last year. Zumiez, Inc., Buckle
Sports Direct Still Singing England National Team Blues
Sports Direct International Plc. UK reported a decrease of 29.9% in full year underlying earnings. The discount sports retailer does not predict the trend to change in the new fiscal year citing the worst current trading conditions it has experienced in t
Lotto Gets Boost from Addition of Brazil Licensee
Lotto Sport Italia S.p.A closed 2007 with total sales of €300 million ($411 million), an 8% increase over their 2006 results. Driving this growth was Lotto Sport Italia’s’ new licensing agreement with Filon Confecções Ltda. of Brazil…
Olympic Swimmer Countersues TYR
Olympic medalist Erik Vendt filed a countersuit against TYR sports, which had filed a breach of contract claim against him for switching to Speedo's LZR Racer swimsuit…
Olympic Swimmer Countersues TYR
Olympic medalist Erik Vendt filed a countersuit against TYR sports, which had filed a breach of contract claim against him for switching to Speedo's LZR Racer swimsuit…
Dick’s SG to Shutter Golf Galaxy HQ
Golf Galaxy, a wholly-owned subsidiary of Dick’s Sporting Goods, Inc., will close its headquarters in Eden Prairie, MN, affecting several dozen jobs, according to a report in Minneapolis's Star Tribune…
NSGA: Used Sports Gear Purchases Surpass $1B
Consumers purchased $1.08 billion in used sporting goods equipment in 2007, according to a report just released by the National Sporting Goods Association (NSGA)…
Titleist Bolstered by Patent Ruling in Callaway Dispute
Acushnet Co. secured a victory last week in its ongoing dispute with Callaway Golf for the right to continue to manufacture its Titleist Pro V1 golf balls…
Element 21 Forecasting Strong Q4 Revenue Growth
Element 21 Golf Company, the Toronto-based manufacturer of Scandium Alloy golf and fishing equipment, expects to report record 2008 fiscal fourth quarter revenue due to exceptionally strong sales of both lines…
Feel Golf Sees Strong First Half Sales Gains
Feel Golf Co., a private company owned and operated by PGA Professionals, announced growth exceeding 30% for the first half of 2008. The growth was driven by demand for its new 73 degree wedge and the Pro Release performance grip…
Wolverine Worldwide Sees Shift to At-Once Orders as Backlog Growth Slows
Wolverine Worldwide Inc. shares took a hit last week after the company said a pronounced shift from future orders to at-once orders across its entire brand portfolio was the major cause behind a drop in the growth of backorders from 10% to 4% in the secon
