Lacrosse Q3 Sales Up 9%
Lacrosse Footwear Inc. saw sales increase for the third quarter of 2008, largely driven by the company’s continued penetration of the military and niche work segments. Lacrosse reported consolidated net sales of $40.3 million for the third quarter ended S
Cabela’s Sees Decreasing Traffic Cut into Comps
Despite a low-teens increase in third quarter revenues, diminishing customer traffic and a volatile retail environment kept comps for Cabela’s Inc. in the red for the third quarter ended Sept. 27. The outdoor retailer reported comps were down 9% for the q
Volcom Q3 Sales Growth Outpaces Profit Gains
Volcom, Inc. posted strong top-line growth in the third quarter, but decreased margins and increased expenses as a percentage of net sales caused net income to grow at little more than half the rate of quarterly net sales…
Billabong Raises Guidance
Billabong International upgraded its guidance due to the benefits of a falling Australian dollar. At the company's annual general meeting in Australia, Billabong CEO Derek O'Neill said that Billabong now was forecasting earnings per share growth
Nike Footwear to Meet Considered Design Standards by 2011
Nike said it expects all its footwear to comply with its Considered Design standards by 2011 with apparel meeting the standard by 2015 and equipment by 2020. Achieving these goals would reduce Nike’s supply chain waste by 17%, while increasing its use of
Adidas Implements Hiring Freeze in Troubled Economy
Adidas Group Chairman Herbert Hainer e-mailed company employees Friday Oct. 24 to say that, due to the troubled economy, the company is imposing a hiring freeze, SEW confirmed. Hainer explained to employees that the global financial crisis was changing m
Tehama Names Design Director
Tehama, the golf lifestyle apparel company that was co-founded by Clint Eastwood and Nancy Haley, has named Christine Kim as director of design, merchandising/sourcing. She is responsible for the company's global sourcing as well as all designs for t
Oakley Boosts Luxottica in Tough Third Quarter
Luxottica Group S.p.A. saw net sales increase 12.8% (at constant exchange rates) to reach €1.21 billion ($1.54 billion) in the third quarter, due in large part to the company’s acquisition of Oakley 11 months ago…
City Sports Relocates HQ to Boston
City Sports moved its corporate headquarters from Wilmington, MA to Boston's North End this week. The company's distribution center will remain in Wilmington. The company also plans to open another store in New York City in early 2009…
Former Finish Line CFO Joins Dollar Tree
Dollar Tree, Inc. has hired Kevin Wampler as CFO. Wampler, a certified public accountant, joins Dollar Tree from The Finish Line, where he served as EVP, CFO and assistant secretary since October 2003. Over his 15 year career with The Finish Line, Wampler
NSGA Names Five to Hall of Fame
The Sporting Goods Industry Hall of Fame Committee announced today that it has elected five new members be inducted into the Hall of Fame next May – one retailer and four manufacturers…
Fleet Feet Sees 16.5% Q3 Revenue Gain
Fleet Feet, Inc.'s third quarter marked the best quarter in the company’s 32-year history, with retail sales totaling $24.8 million, up 16.5% over third quarter 2007. Year to date sales are up 17.8% through September 2008, with $67.5 million in reven
Puma Sales Increase 5.9% Currency-Neutral in Q3
PUMA’s brand sales, which include consolidated sales and license sales, reached €778.6 million ($1.07 bn) during Q3, rising 5.9% on a currency-adjusted basis or 3.3% in Euro terms. Consolidated sales in Q3 grew 9.2% to €712.7 million ($979.4 mm) on a curr
SGMA: Soccer Third Sport in Participation
According to the Sporting Goods Manufacturers Association (SGMA), there are more than 15 million soccer players in the U.S. That ranks the sport as the third most popular team sport in this country. Basketball is number one with nearly 26 million players
Amer Sports Lowers Guidance as U.S. Fitness Business Plummets
Amer Sports Oyj lowered its guidance for the year for the second time this year after reporting a 6% decline in net sales in the third quarter to €433.2 million ($658.5mm) as rapid growth in outdoor footwear and apparel and solid performance by its ball s
