Nike shares climbed 10.5% last week, setting a new 52-week high at $61.50 at the close on Friday. Shares had opened higher on Friday after rising 4% in after-hours Thursday trading on news that the company had beaten Wall Street fiscal Q1 earnings estima
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Euro Retail Places Last at Decathlon…
Decathlon Sports will close 14 of its 18 former MVP Sports in New England by the end of the year. The French parent company, which reported €2.8 billion ($2.7 bn) in worldwide sales in 2002, is expected to keep only the Burlington, Bellingham, Norwood an
Dick’s SG Plays the Bay Area…
Dick's Sporting Goods outlined a bit of its vision for their Private Label business while answering questions at the Banc of America Securities Investment Conference in San Francisco last week…
No Trickle Down Yet at Retail…
The National Retail Federation last week that they expect holiday retail sales this year to be up 5.7% to $217.4 billion, but this doesn’t seem to be seeping down into the hiring in the retail/wholesale sector…
OIA Releases Participation Study
Who wants to go out and play? Not as many Americans as last year, according to Outdoor Industry Association's Outdoor Recreation 2003 Participation Study. The study reports that overall, participation in outdoor activities declined from 2001 to 2002,
Black Diamond Hires Some New, Old Faces
Black Diamond Equipment announced the hiring of
three industry veterans to further bolster their product development team. The new additions are Dave Narajowski as the Senior Design Team Leader, Bill Belcourt as the Climbing Hardware Category Manager and
Nike Sees Fiscal Q1 Earnings Rise 21% on Exchange-Aided Growth
NIKE, Inc. reported that revenues for the fiscal first quarter ended August 31, 2003 increased 8.0% to $3.0 bn, versus $2.8 bn for the same period last year. First quarter net income totaled $261.2 million, or $0.98 per diluted share, compared to a loss o
Brunswick Corp. Reaffirms Q3, Year Guidance
Brunswick Corporation senior management, in a meeting with envestors on Tuesday, reviewed the company's strategic objectives and growth prospects and confirmed the company's previously announced earnings estimates for the third quarter of 2003 a
NRF Projects 5.7% Holiday Sales Growth
Citing “several strong months of retail sales growth”, the National Retail Federation said total holiday retail sales are projected to grow by 5.7% over last holiday, bringing holiday spending to $217.4 bn. The increase would be twice the rate of growth
Avendra Group to Feature Ping Apparel
The Ping Collection, an apparel brand designed and manufactured by Perry Ellis International Inc., will make available its spring 2004 line through selective Avendra golf shop operations…
Vail Named #1 Ski Resort Resort in N.A…
SKI Magazine, in their annual “Top 60 Resort Guide,” has named Vail the number one ski resort in North America. “Vail has become America's ultimate ski destination,” says SKI's Executive Editor Greg Ditrinco, who oversees the annual survey…
It Was a Busy Week in Human Resources…
The sheer volume of personnel moves made in the industry the past few weeks – and a few that have been unreported until now – has pushed the usual back page Movers & Shakers footnote blurbs to front page news this week.
Both Retailers and Vendors look to
Quiksilver Looks to be the Next Billion Dollar Industry Company…
Quiksilver chairman and CEO Bob McKnight said they had “one of the best quarters we have ever had” when it reported results for its fiscal third quarter. The company said it expects to meet analyst expectations for the balance of the year and surpass the
VF Imagewear in Exclusive NBA Deal…
On the heels of their recently-announced deal with Major League Baseball to be the exclusive supplier of non-authentic MLB fleece and T-shirts for the U.S. Mass Market, as well as Canada and Latin America, VF Imagewear officials revealed last week that th
MontBell Is Movin’ On Up…
MontBell America, a wholly owned subsidiary of MontBell of Osaka Japan, has landed a new distribution facility in Boulder, CO. Currently, the product line has been coming out of their retail store location on the Pearl Street Mall in downtown Boulder, th
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