Canadian Tire to Expand Sport Chek and Pro Shops in Wake of Strong 2012 Performance by FGL Sports’
Retail sales at FGL Sports (FGL) – Canada's largest sporting goods retailer – grew 4.5 percent to C$444.2 million ($447mm) in the fourth quarter ended Dec. 29, 2012, according to parent company Canadian Tire Corp. (CTC). FGL’s same-store sales
U.S. Bike Imports Return to Pre-Recession Levels
U.S. imports of core market 20-inch wheel and larger bicycles in 2012 returned to the pre-recession level of 13 million units generating $1.4 billion in cost, or FOB value, according to the Gluskin Townley Group…
Billabong Posts Steep Loss After Charges in Six Months
Billabong International Ltd. reported a net loss in the its first half ended Dec. 31 of Australian $536.6 million ($553.4 mm). The result was impacted by A$567.0 million ($584.7 mm) of significant items, including A$427.8 million ($441.2 mm) non-cash impa
Burton Founder Cites Record January Sales to Argue Sport Is Alive and Well
Burton Snowboards Founder Jake Burton is speaking out on the future of snowboarding following a negative article in The New York Times and other media. While Burton is a private company that usually does not release financial information, Burton noted tha
Nike CEO and Michelle Obama to Unveil Phys Ed Program
Nike chief executive Mark Parker will join First Lady Michelle Obama to make an announcement next Thursday in Chicago to make a major announcement to bring physical activity back to schools. According to a press briefing, the First Lady will also be joine
Accell Says Raleigh, E-Bikes and PandAs Drive Double Digit 2012 Sales Growth
Accell Group N.V. reported sales increased 23 percent to €772.5 million ($993 mm) in 2012, from €628.5 million in 2011, including €123 million ($158 mm) from the acquisitions of Raleigh, Currie and Van Nicholas and partly due to rising s
West Marine Turns in Comps Growth of 3.3 Percent in 2012
West Marine, Inc. reported net revenues for the fiscal year ended Dec. 29, 2012 were $675.3 million, an increase of 4.9 percent compared to net revenues of $643.4 million for fiscal year 2011. Revenues for the Stores segment were $610.2 million, an increa
Nike Suspends Contract with Oscar Pistorius
Nike has suspended its contract with Oscar Pistorius, the South African sports star who has been charged with murder in the shooting death of his girlfriend. Nike said in a short statement, “We believe Oscar Pistorius should be afforded due process and we
Timex Launches Social Media Platform for Endurance Athletes
Timex launched TimexRewards.com, an innovative social media initiative that rewards Timex advocates for sharing branded content related to endurance sports…
Rocky Brands Q4 Revenues Slide
Rocky Brands, Inc. reported that excluding charges, earnings fell 35.9 percent in the fourth quarter, to $2.5 million, or 34 cents a share, from $3.9 million, or 52 cents before charges a year ago. Fourth quarter 2012 net sales were $58.0 million versus n
Nordstrom’s Q4 Earnings Up Sharply
Nordstrom, Inc. reported a 26 percent increase in earnings per diluted share of $1.40 for the fourth quarter ended Feb. 2, 2013 compared to $1.11 per diluted share for the same quarter last year. Net sales in the fourth quarter were $3.6 billion, an incre
FGL Sports Reports 2.9 Percent Comps Growth in Q4
FGL Sports' fourth quarter retail sales reached C$444.2 million ($447mm) in the fourth quarter ended Dec. 29, 2012, up 4.5 percent compared with the same period in 2011, according to financial results released by its parent company Canadian Tire Corp
Nordstrom Turns in Impressive Fourth Quarter Comps
Nordstrom, Inc. reported that total company same-store sales increased 6.3 percent in the fourth quarter ended February 2, 2013 compared with the same period in fiscal 2011. Nordstrom same-store sales, which consist of the full-line and Direct businesses,
U.S. Anti-Doping Agency Exec to Address Bicycle Leadership Conference
U.S. Anti-Doping Agency (USADA) Chief Operating Officer John Frothingham will speak at the upcoming 2013 Bicycle Leadership Conference about how companies within the industry can work together to ensure that competitive cycling is free of performance enha
HanesBrands Supports the United Way
HanesBrands, the parent of Champion, and its employees raised $2.22 million for the United Way of Forsyth County, exceeding its goal for the 2012 campaign…
