Dick’s Q2 Comps Increase 0.5%; Cuts Fiscal Year Guidance
Dick's Sporting Goods net income for the second quarter ended July 30, 2005, excluding merger integration and store closing costs and gain on sale of investment, was $24.2 million, or 45 cents per share, as compared to GAAP net income and earnings pe
Giannulli Withdraws Mossimo Bid
Mossimo Giannulli, founder, Chairman of the Board and Co-Chief Executive Officer of Mossimo, is withdrawing his proposal to acquire all outstanding shares of the Company not owned by him at $4.00 per share. Giannulli said that while he remains interested
prAna Launches New Wind Power Initiative for 100 Retailers
In a move that underscores the company's commitment to being part of the solution, prAna announces the prAna Natural Power Initiative, which will provide renewable wind energy to 100 of its retailers across the nation. PrAna's wind power
Golfsmith More Than Doubles Income on 5.8% Sales Gain
Golfsmith International, Inc. reported net revenues of $102.5 million for the quarter ended July 2, 2005, a 5.8% increase over $96.9 million for last year's quarter. Net income for the period increased 160.9% to $6.0 million from $2.3 million last ye
NRF: Back-To-College Spending Up 33.8%
Though college students will wait until later this month to hit the books, they’ve been hitting the stores all summer long to prepare for their return to campus. The third annual NRF 2005 Back-to-College Consumer Intentions and Actions Survey, conducted b
Hot Week for Executive Moves in the Outdoor Biz…
It was an active week for the movement of key executives into new positions as some recent free agents found new homes and some missing from the market have emerged in new key positions. The week started with two recent Deckers departures finding new hom
The Finish Line to Roll Out New Women’s Format…
The Finish Line Inc. is reportedly going to dip their toe into the women’s business in a more meaningful way, launching a new mall-based banner that is expected to open for the 2005 holiday season. The retailer’s official line is “no comment,” but source
Head NV Gets Q2 Lift from Winter Sports, Property Sale…
Head N.V. looked to the Winter Sports business in the second quarter to reverse the negative sales trend of the first quarter, but the total sales increase for the period was not enough to bring the year-to-date revenue line into positive growth territory
RECALL: Rear Wheel Hubs
Ritchey Design is recalling roughly 2,000 WCS – Protocol, Carbon, DS, DS Aero, and Girder rear wheels manufactured under license from American Classic Inc. American Classic voluntarily recalled about 2,850 of their road and mountain bike whe
Pacific Sunwear to Roll Out New Footwear Format as Business Matures…
Pacific Sunwear of California Inc. will need to expand store count to continue to deliver on their sales and earnings goals and will look to a stronger commitment in footwear to accomplish the task. The retailer has relied on apparel and accessories to g
Volcom Gets Balanced Gender Growth…
Volcom, Inc. saw much of its second quarter growth from significantly larger orders from Pacific Sunwear, its largest customer. The order increases began in the second half of 2004, and the company expects the back half of the is year to be somewhat more
Adams Golf Sees Q2 Net Income Hurt by Product Mix Shift…
A slight sales increase was not enough for Adams Golf to post any bottom line gains for the second quarter as net income fell 42.6% to $1.2 million or four cents per diluted share, from $2.0 million, or eight cents per diluted share, in last year's q
Sportsman’s Guide Gets More Internet Lift in Second Quarter…
The Sportsman’s Guide pointed to its acquisition of The Golf Warehouse and organic growth as the drivers for a 61.2% increase in net sales for the second quarter. Net sales for the company's second quarter were $63.8 million, compared with $39.6 mil
Sport Chalet Growth Trend Continues…
Sport Chalet, Inc. posted a strong fiscal first quarter due to the addition of new stores as well as strong comp store sales growth. Total sales increased 17.2% to $72.1 million from $61.5 million last year. SPCH has opened five new stores since fiscal
NRF Sees Increased Port Traffic Without the Congestion…
Inbound container traffic is up at the nation’s major ports, but the congestion that plagued the docks last year does not appear to have returned, according to the National Retail Federation’s new monthly Port Tracker report. Port Tracker, which is produc
