JJB Sports Q1 Comps Decline
U.K. sporting goods retailer JJB Sports Plc reported a 5.3% comp sales decline for the first quarter, with comps at JJB's retail stores down 6.5% in the 13 weeks ended April 27 and revenue at its health clubs up 5.0%. Gross margin during the period
Dick’s SG Takes Hit after Unusual Q1 Miss and Revised Forecast
Dick's Sporting Goods, Inc. saw its shares get hammered last week as Wall Street reacted quickly to word from DKS management that the economy is expected to have an impact on a business that many thought was a bit insulated from the economic downturn
Cold Weather Shuts Down Iron Horse Classic
The long winter took its toll in Colorado over the weekend when low temperatures forced the Colorado State Patrol and event organizers to cancel the Iron Horse Bicycle Classic for the first time in 37 years. Organizers of the road race said they would not
Lawsuit Over Metal Bat Ban Incident
The family of a boy in Wayne, NJ, who suffered brain damage after he was struck by a line drive hit off an aluminum baseball bat, has sued the bat's maker, Hillerich & Bradsby Co.; the bat seller, The Sports Authority; and Little League Baseball…
ASICS Sales Up 16% in 2008; Expects Better 2009
ASICS Corp. saw strength across the globe drive sales for fiscal 2008, as footwear and equipment both grew, but apparel sagged slightly. Overall, the company reported a 16.3% jump in net revenues for the fiscal year ended March 31 to ¥226.17 billion ($1.9
Mizuno Reports 7.6% Increase in 2008 Net Sales.
Mizuno Corp. reported net sales for the fiscal year ending March 31, 2008 increased 7.6% to ¥174.02 billion ($1.53 bn) from ¥161.70 billion ($1.38 bn) the year before. Operating income jumped 13.8% to ¥7.86 billion ($69.0 mm) from ¥6.90 billion ($59.1 mm)
Shimano Rides Cycling to Strong Sales Increase in Q1
Shimano Inc. said net sales at its cycling business rose by ¥7.8 billion ($7.4 mm), or 22%, to ¥43.3 billion ($411 mm) in the first quarter ended March 31. Fishing tackle net sales, however, dipped by ¥142 million ($1.4 mm), or 1.2%, to ¥11.4 billion ($10
K-Swiss to Acquire Palladium
K-Swiss Inc. plans to acquire French fashion footwear company Palladium SAS. The company will buy a 57% stake in Palladium from Palladium shareholders by July 1 at a price of 5.3 million euros, or $8.3 million, including a loan of 3.6 million euros, or $
NSGA: Athletic FootwearTallies $17.4 Billion in 2007
Retail sales of athletic footwear have surpassed the $17 billion mark for the first time, reaching $17.4 billion, an increase of 2.7% versus 2006, when sales were $16.9 billion, according to the National Sporting Goods Association’s just-released “Sportin
SGMA: Sporting Goods Sales in Canada Grow to $7.5 bn in 2007
According to the Canadian Sporting Goods Market Report, distributed by SGMA, sales continue to increase for our neighbor to the north. Sales last year rose to $7.5 billion, up from $7.4 billion in 2006. The estimate includes sales of sporting goods equipm
Sport Chalet Partners with California Dive Shop
Sport Chalet, Inc. has entered into a joint training and operations agreement with Ocean Enterprises, a specialty dive center headquartered in San Diego, CA. Under the partnership, Sport Chalet and Ocean Enterprises will work together on employee and dive
Coleman Donates 1,000 Tents to Chinese Quake Victims
The Coleman Company, Inc., a unit of Jarden Outdoor Solutions, recently donated 1,000 Coleman tents for aid to people displaced by the massive May 12 earthquake in Sichuan Province, China…
Greg Norman Chief Takes Over La Perla
Suzy Biszantz, president and CEO of Greg Norman Collection, formerly owned by Reebok, for seven years, was appointed CEO of La Perla, North America, the Italian-based designer and multi-channel global marketer of luxury intimate apparel and beachwear…
ForeFront Implements Reverse Stock Split
ForeFront Holdings, Inc., the golf accessories firm, has implemented a one-for-five reverse stock split of its common stock. As a result of the reverse stock split, as of the opening of business on May 28, the trading symbol for the company's shares
NSGA: Athletic Footwear Tallies $17.4 Billion in 2007
Retail sales of athletic footwear have surpassed the $17 billion mark for the first time, reaching $17.4 billion, an increase of 2.7% versus 2006, when sales were $16.9 billion, according to the National Sporting Goods Association’s just-released “Sportin
