Nike Q3 Earnings Fall 46% on Impairment Charges; Backlogs Fall 10%
Nike, Inc. said revenue for the third quarter ended Feb. 28 decreased 2% to $4.4 billion, compared to $4.5 billion for the same period last year. Excluding changes in currency exchange rates, revenue would have increased 2%…
Pennsylvania Sporting Goods Stores Protest Hunting Bill
Owners of several sporting goods stores are complaining about a bill introduced recently in the state General Assembly, which would remove rules that require hunters to display hunting licenses in back tags. Instead, hunters would carry wallet-sized licen
SandP lowers Quiksilver ratings to ‘B-‘
Standard & Poor's Ratings Services lowered its ratings on Quiksilver Inc. to “B-” from “B+” and placed them on “CreditWatch” for possible further downgrades after the credit agency's review is complete…
Eddie Bauer Posts Q4 Loss; Comps Drop 5.7%
Eddie Bauer Holdings, Inc. reported a net loss for the fourth quarter of $127.5 million, or $4.13 per share, compared to a net loss of $18.2 million, or 59 cents, a year ago. Adjusted EBITDA decreased to $54.0 million from $59 million for the fourth quart
Boulder Outdoor Specialty Group Adds to Sales Team
The Boulder Outdoor Specialty Group (BOSG), a collection of six cornerstone outdoor industry brands, has added Brian Wilson to its inside team of dedicated territory sales managers. As a Pacific Northwest territory sales manager, Brian will be better able
Remington Arms Posts 2008 Loss After Writedowns, Sales Climb 21%
Remington Arms Co. reported a net loss of $39.4 million in 2008 after writedowns of assets below their carrying value. Revenues jumped 20.9% to $591.1 million from $489.0 million, due primarily to sales generated as a result of the acquisition of The Marl
Dorel Launches Stock Buyback
Dorel Industries Inc. plans to repurchase for cancellation up to 1,458,624 Class B Subordinate Voting Shares, representing 5% of Dorel's issued and outstanding Class B Subordinate Voting Shares. The purchases will be made over a twelve-month period c
Pro Hockey Life Enters Western Canada
Pro Hockey Life Sporting Goods Inc., based in Montreal, plans to open its first stores in Western Canada with two stores in Calgary and two in Edmonton to open by late this summer. It currently operates 15 stores in Eastern Canada under three banners (Pro
Ecco Adds Sales Reps Across Territories
Ecco added 16 sales representatives in key territories throughout the U.S. The new reps support sell-through in the green-grass and off-course channels. The staff additions coincide with several major customer service initiatives, including the company�
True Temper Retains Financial Advisor
True Temper Sports, the maker of golf shafts, has retained investment banking firm Lazard Middle Market to explore alternatives to enhance the company's capital structure and value for the future. In conjunction with this action, the company did not
RECALL: Cannondale Road Bicycles
The U.S. Consumer Product Safety Commission, in cooperation with Cannondale announced a voluntary recall of about 1,300 road bikes. The name of the product include 2009 Six 5, Six 6, Six Carbon 5 and Six Carbon 6 Bicycles. Spoke protector discs, required
Royal Robbins Hires Rep Group Kiwi Outdoor
Royal Robbins has hired Kiwi Outdoor Representation to cover its northwest territory which includes Alaska, Washington, Oregon, Idaho and Montana…
JJB Sports Gains Bank Extension
JJB Sports, the struggling British retailer, negotiated an extension to its banking arrangements until March 24, the day before quarterly rent is due, while it continues talks to sell its fitness clubs. The sporting goods retailer also said it was looking
Russell Offers More Transparency for Colleges
Russell Athletic has taken another step to resolve disputes with a number of colleges and universities that have announced cancellation of apparel contracts with the athletic apparel brand…
RECALL: DBX Glide Boys’ Ice Skates
About 600 pairs of DBX Glide boys’ ice skates have been recalled by the CPSC and Pronto Sports Inc. due to excessive lead levels. The skates were sold at Dick's Sporting Goods nationwide from September 2008 through December 2008…
