Sierra Designs, Ultimate Direction Pick Verde P.R.
Sierra Designs and Ultimate Direction have named Verde PR and Consulting of Louisville, Colo. as their new public relations agency of record. Verde will help with rebranding efforts undertaken by Sierra Designs President Paul Gagner. At Ultimate Direction
Holiday Retail Comp Sales Gain Lowest in 6 Years…
Retail comparable-chain-store sales finished fiscal December just above flat as retailers fought through sluggish doldrums early in the month before finishing with a bang. Retail point-of-sale data compiled by SportScanINFO showed slow sales through the
Third Quarter Retail Profits Hurt by Charges, Weak Comps..
With over two-thirds of the sporting goods industry’s retailers reporting comparable store sales declines for the third quarter, the segment would have to make serious strides in gross margin to see any improvement on the bottom line…
Golfsmith Lowers Outlook; Hanaka Takes Reins…
Golfsmith International Holdings, Inc. reported that it expects to record diluted earnings per share in the range of 13 cents to 16 cents for fiscal 2007, or well below previous estimates of 31 cents to 35 cents per diluted share…
NSGA: Athletic Footwear ASP Rises 2.1% in 2007…
Average prices for athletic footwear in 2007 were $43.03, a 2.1% increase from 2006, according to preliminary data from the NSGA “Sporting Goods Market in 2008” report. In 2006, the average price rose to $42.16 (+3.4%) from $40.78 in 2005…
VF Corp. Ups Long-Term Growth Targets…
VF Corporation, parent to the Vans, The North Face, Jansport and Reef brands and the lucy retail chain, is raising its long-term revenue, operating margin and earnings per share growth targets. The company said in a release that its new targets reflect th
Sport Chalet Expects Q3 Loss on Comps Decline…
Sport Chalet, Inc. announced that it expects sales to rise only 1.1% for the fiscal third quarter to $116.0 million from $114.7 million in the year-ago quarter. Comparable store sales for the quarter are expected to decline approximately 7.0% after incre
Dick’s Sporting Goods Increases Q4 Guidance
Dick's Sporting Goods, Inc. increased its fourth quarter guidance from a previous estimate of approximately 59 cents per diluted share to a range of 60 cents to 61 cents per diluted share. Additionally, Dick's expects to at least meet its previo
New Balance Promotes Preston to EVP – Int’l
New Balance has promoted Joe Preston to executive vice president, international. Preston, a New Balance associate since 1995, began his New Balance career as Senior Product Manager – Running and Custom Products, before moving on to lead the Dunham brand i
Virginia’s AandN Stores To Close
A&N Stores Inc., the athletic footwear and sportswear retailer, plans to close all 48 of its stores in Virginia after nearly 140 years of operation. The company, based in Richmond, blamed increased competition from big-box retailers, slowing sales and cha
Masback Leaves USATF for Nike
Craig Masback, CEO of USA Track & Field for the last 10 years, will become director of business affairs for Nike's Global Sports Marketing Division. Masback will make the move over the next few months…
Forzani Holiday Sales Jump on Athlete’s World Acquisition, Promotions
The Forzani Group Ltd. reported that total sales for the ten week Holiday period increased 21.3% versus the same period in 2006. Sales were buoyed by the acquired Athlete's World business as, without those sales, total retail system sales were up 14.
Stein Mart Records 5.7% Decrease in December Comps
Stein Mart, Inc. net sales declined 9.2% for fiscal December to $196.3 million from $216.3 million in the year-ago month. The company reported a corresponding decrease in comparable store sales of 5.7%…
BJ’s Sees December Comps Increase 3.0%
BJ’s Wholesale Club, Inc. recorded a 6.2% increase in fiscal December net sales to $1.03 billion from $971.8 million in December 2006. On a comparable club basis, sales increased by 3.0% for the month of December, including a contribution from sales of ga
Macy’s December Sales Weaker Than Expected
Macy's, Inc. said its same store sales fell 7.9% on a 7.4% decline in net sales for the five weeks ended Jan. 5. The comp results were below guidance of -4% to -7%, but Macy's said its same-store sales were down only 1.1% for the combined Novemb
