Shimano Expands to Meet Demand…
Shimano shares jumped 10.3%, the second highest increase on the Osaka Securities Exchange following the release of the company’s annual report. The company said sales climbed 6.6% from ¥134.7 billion ($1.1 billion) last year to ¥143.6 billion ($1.3 billio
OIF / National Park Foundation Collaboration Seen as Success
The Outdoor Industry Foundation launched a program earlier this year with the National Park Foundation that allows participating outdoor companies to help support both organizations. The program enables consumers to purchase a $50 annual National Parks Pa
Dick’s Seems to Like the Competition…
Dick's Sporting Goods looks to be quite pleased with their entry into the Indianapolis market, the hometown of rival Galyan’s Trading Company. The retailer also continues to look south as it soon enters the former home state of its chief competitor,
Galyan’s Continues Turnaround Work…
Galyan’s Trading Company was the lone comp sales decliner so far in our review of sporting goods retail results, but the 1.4% decrease slowed a bit from recent quarterly results, coming on top of a 6.3% comp sales decrease in Q1 last year. The comp sales
Gander Mountain Sees Upside in Newer Warehouse Formats, Southern States…
Gander Mountain Company reported sales and earnings results for the first time as a public company, but the earnings picture that looked brighter at year-end just before its very strong IPO fell back into the red again as the net loss widened more than 21
Johnson Family Extends $18 Per Share Offer
Johnson Outdoors announced that Helen Johnson-Leipold, Chairman and Chief Executive Officer, and Samuel C. Johnson, majority shareholder and director of Johnson Outdoors, are extending their non-binding proposal to acquire the outstanding public shares of
AKU enters U.S. Market
AKU, Trekking and Outdoor Footwear, with headquarters in the Montebelluna region in Italy, has named Joe Guglielmetti General Manager for its U.S. operations. Guglielmetti will be responsible for overseeing sales, marketing, and distribution in the U.S. o
Nordstrom Earnings Climb 153%
Nordstrom reported net earnings of $68.7 million, or $0.48 per diluted share, for the first quarter of 2004. For the same period last year, net earnings and earnings per diluted share were $27.2 million and $0.20, respectively. 2004 results include $20.
Stage Stores Net Income Climbs 41%
Stage Stores reported that net income for the first quarter, 2004 increased 41.0% to $18.9 million from $13.4 million for the prior year first quarter. Due to the higher number of diluted shares outstanding in this year's first quarter versus last ye
Egeck Named President of Outdoor – North America at VF
VF Corporation announced changes in leadership designed to support the continued growth and expansion in its Outdoor Coalition. Mike Egeck, currently President of The North Face, has been named President of Outdoor – North America. In his new role, Egeck
Hibbett Q1 Net Income Jumps 53.4% on 8.8% Comp Sales Gain
Hibbett Sporting Goods reported that net sales for the first quarter ended May 1, 2004 increased 21.3% to $96.5 million compared with $79.6 million for the year-ago period. Comparable store sales increased 8.8%. Net income increased 53.4% to $8.1 millio
Torpedo Sports to Liquidate Subsidiary
Torpedo Sports USA, Inc. has evaluated the future business prospects for its children's snow products and related business conducted by its wholly owned subsidiary, Torpedo Sports, Inc. of Canada, as previously announced on February 4, 2004. Followi
Big Dog Holdings Q1 Loss Widens on Acquisition Expenses
Big Dog Holdings, Inc. reported consolidated net sales for the first quarter ended March 31, 2004 were $21.9 million as compared with $15.4 million in the first quarter 2003. Consolidated retail store sales increased 43% due to the addition of $5.3 millio
The Finish Line Issues Statement After Foot Locker CEO Makes Charge
The Finish Line, Inc. issued a press release late Thursday in response to comments made by Foot Locker chairman and CEO Matt Serra on a conference call with analysts following FL's Q1 earnings release. Finish Line said they issued the statement due
Buck Knives Announces Early June Groundbreaking for New Facility
Executives of Buck Knives Inc. signed documents to commence construction on their new headquarters in Post Falls, Idaho, marking the first step toward moving their manufacturing facility from it's current home in El Cajon, CA. A staggered transition
