Foot Locker’s Q3 Profits Soar on Double-Digit Revenue Gain
Foot Locker, Inc. reported net profits vaulted 60.6 percent in the third quarter, to $106 million, or 69 cents per share, compared with $66 million, or 43 cents, a year ago. Sales increased 9.3 percent, to $1.52 billion this year. Comparable-store sales
Escalade Sporting Goods Segment up 27 Percent in Third Quarter
Escalade, Incorporated reported sales in the Sporting Goods segment, which makes archery, table tennis, basketball hoops and other leisure products, increase 27 percent in the third quarter. Overall revenues rose just 9 percent, however, as the company ma
Descente Posts Fiscal Q2 Sales, Profit Gains
Descente, the Japanese snowsports apparel company, reported sales for the fiscal second quarter ended Sept. 30 increased 11.3 percent to ¥26.1 billion ($332 mm) from ¥23.5 billion ($302 mm) in the year-ago period…
Yonex Sees Fiscal Q2 Net Income Dip
Yonex, a Japanese provide of tennis, badminton and golf products, reported total sales for the fiscal second quarter ended Sept. 30 inched up 0.9 percent to ¥10.2 billion ($129 mm) from ¥10.1 billion ($130 mm) from in the prior-year period. Gross margins
Freedom Group’s Q3 Reveues Jump 20 Percent
Freedom Group, the parent of Remington Arms, reported sales increased 20.2 percent to $237.9 million from $198.0 million. Net earnings applicable to shareholders improved to $15.6 million from $1.7 million a year ago…
After Strong Summer, Mountain Resorts Report Dip in Bookings
After six consecutive months of climbing occupancy rates, U.S. mountain destinations are reporting a double-digit decline in reservation for December, according to the Denver-based Mountain Travel Research Program (MTRiP)…
Spy-Branded Eyewear Sales Up 17 Percent in Third Quarter
Spy Inc. reported net sales increased by $700,000, or 8 percent, to $9.9 million for the quarter ended Sept. 30, 2012, as its reinvigorated line of Spy-branded sunglasses and goggles racked up double-digit growth despite the tough sell-in environment for
Accell Group Foresees Higher Sales, Less Profits in Back Half
Accell Group said its acquisition of Raleigh last spring, which substantially increased its presence in North America, will result in higher sales, but lower profits in the back half of the year as financing and integration charges and rising input costs
VF Corp. Eyes Opening More Full-Price Timberland Stores
VF Corp. is contemplating opening more full-price Timberland stores in the United States to coincide with the brand’s apparel re-launch next fall, CFO Bob Shearer told analysts at the Morgan Stanley Global Consumer & Retail Conference last week…
Johnson Outdoors Acquires Jetboil
Johnson Outdoors Inc. boosted its stable of camping brands last week when it closed on the acquisition of Jetboil. Jetboil co-founder and CEO Perry Dowst will transition to the role of senior advisor, supporting strategic R&D and new products…
SFIA Addresses Impact of the Election on Sports/Fitness Industry
According to a webinar hosted by the Sports & Fitness Industry Association, one of the big takeaways from the presidential election is the emergence of the non-white/non-male voting block, according to SFIA President/CEO Tom Cove. Also, the traditional lo
Report: State Loopholes Impede Physical Education Programs
The 2012 Shape of the Nation Report: Status of Physical Education in the USA, released by the National Association for Sport and Physical Education (NASPE) and the American Heart Association, finds that while 74.5 percent of states mandate physical educa
Sport Chalet Integrates Visa and Action Pass Loyalty Programs
Sport Chalet has partnered with U.S. Bank to enhance the Sport Chalet Visa rewards program by combining it with the retailer’s Action Pass loyalty program. Sport Chalet customers now have the opportunity to earn more than 6 percent in rewards at Spo
Nike, Inc. Announces 17 Percent Increase in Dividend and Stock Split
Nike, Inc.'s board of directors approved a two-for-one split of both Nike Class A and Class B Common shares. The board also increased its quarterly dividend payout by 17 percent…
New Balance/Red Sox Announce 2013 Run-Walk to Home Base
Runners and walkers will once again experience the thrill of crossing Fenway Park’s home base while supporting Iraq and Afghanistan war veterans and their families in the fourth annual Run-Walk to Home Base Presented by New Balance Saturday, May 4,
