Q1 Profits at TJX Rise 8% on 1% Sales Gain
The TJX Cos., parent of the T.J. Maxx and Marshalls stores, reported an 8% increase in fiscal first-quarter profits to $209.2 million, or 49 cents a share, from $193.8 million or 43 cents, a year ago, thanks to increased shopping traffic and some cost cut
RECALL: Norco, Trek, Cannondale Bikes
Three bike manufacturers – Norco, Trek, Cannondale – have issued voluntary recalls of their products in cooperation with the U.S. Consumer Product Safety Commission. Consumers should stop using recalled products immediately unless otherwise instructed…
NOC CEO to Testify Before House Committee on Small Business
Nantahala Outdoor Center (NOC) President and CEO Sutton Bacon will testify before the U.S. House of Representatives Committee on Small Business at Wednesday’s “Heroes of Small Business” hearing scheduled for 10am. At the hearing Bacon will discuss NOC’s $
Element 21 Year-to-Date Revenues Triple Over Last Year
Element 21 Golf Company generated Q3 revenue of $1.8 million, an increase of 322% compared to revenue of $0.6 million in the same period in fiscal 2008. The combined fiscal 2008 Q1, Q2 and Q3 revenues are $2.8 million, showing tripling in sales as compare
Zumiez Makes Bid for Active Ride Shop
Zumiez has reached an agreement to acquire Active Ride Shop, which is reorganizing in bankruptcy proceedings. According to court papers filed in the U.S. Bankruptcy Court of the Central District of California, Zumiez will pay as much as $7.2 million in c
Dick’s SG Bests Own Q1 Estimates; Comps Fall 6%
Dick's Sporting Goods, Inc. consolidated same-store sales declined 6.0% for the fiscal first quarter ended May 2, besting the company's own estimate for a 12% to 9% decline for the period. The retailer, which also owns Golf Galaxy and Chick'
WNBA, adidas Launch Rookie Report Program
The Women’s National Basketball Association (WNBA) and adidas have launched the adidas WNBA Rookie Report Program. The program will include an adidas-branded section on WNBA.com, and exclusive behind-the-scenes content from the newest WNBA players. Adidas
Outdoor Retailer Plans Cost Savings for Upcoming Shows
The organizers of Outdoor Retailer sent out a letter addressing a number ways its reduce costs and improve the value of its trade show for both exhibitors and attendees. The letter also summarizes key results from a January 2009 survey of more than 1,500
Speedo Sees 1% Q1 Revenue Gain on Higher Margins
Warnaco Group's Swimwear Group, which includes Speedo, reported Q1 revenues dipped 4.6% to $95.9 million and eased 1% on a constant currency basis. Operating income slid 14.9% to $12.6 million. Group results were hurt by currency exchange rates and d
OBIT: Park Athletic Supply’s John Bockel
John Bockel passed away on Monday, May 4, 2009 of a heart attack. The founder of Park Athletic Supply in Allen Park, MI in 1962, Bockel spent his life in the sporting goods industry…
April Boosts Outdoor Retail Sales in First Quarter
Sales of outdoor equipment, apparel and footwear grew slightly in the 2009 retail fiscal first quarter thanks in part to rising consumer confidence and a move by families to new vacation options. Close-to-home recreation continued to play a major role in
Obama Administration Welcomes the Outdoor Industry
About 50 outdoor retailers and suppliers and retailers joined the OIA Government Affairs team in Washington, D.C. for the 2009 Capitol Summit, which was held from April 21 to 23. Ten lobby teams met on the Hill with close to 90 members of Congress and/or
Moosejaw Mountaineering Launches Mobile Version of Website
Moosejaw Mountaineering has launched a new mobile version of its website, http://m.moosejaw.com. Moosejaw’s new mobile service allows shoppers to use any smartphone to browse Moosejaw’s catalog, price compare, read customer reviews and view customer produ
Crocs Closing Colorado DC
Crocs plans to close its Aurora, CO distribution center on July 8, a move which will eliminate 37 jobs. The shoe manufacturer does not expect the move to affect any of the 390 employees at its Niwot, CO headquarters…
NexCen Brands Opens First TAF Store in Lebanon
NexCen Brands, Inc. has opened the first TAF, previously known as The Athlete’s Foot, franchised store in Lebanon. The store opened in Beirut, Lebanon, the capital and largest city of the country…
