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
TJX Co.’s December Comps Increase 3.0%
The TJX Companies, Inc. reported December sales grew 6.0% to $2.5 billion from $2.3 billion for the year-ago month. For the 48 week, year-to-date period, sales reached $17.5 billion, a 7% increase over last year’s $16.4 billion. Consolidated comparable st
J.C. Penney Sees December Comps Decline 7.5%
J. C. Penney Company, Inc. comparable department store sales decreased 7.5% for fiscal December, compared with guidance for a mid-single digit decrease and a 2.6% increase in last year’s December period. Total department store sales decreased 4.5% for the
Cannondale Recalls Some Scalpel Bikes
Cannondale Bicycle Corp. has recalled 150 of its 2008 Scalpel models – priced from $3,200 to $4,300 – because of reports that the carbon fiber and aluminum frames are breaking. Cannondale and CPSC said they’ve received six reports of breaking frames. No i
