Many retailers reported last week that they had lackluster Holiday sales until the post-Christmas business jumped the last week of the year. What was the catalyst? Gift Cards. Major retailers from Wal-Mart to Hibbett’s to The Finish Line noted that rob
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Industry Again Outpaces Market…
SEW has been using the S&P 500 index since 2000 as a baseline to measure performance in the sporting goods industry versus the rest of the public market. Since that time, we have seen the S&P both fall sharply and regain momentum, but the sporting goods
Sporting Goods Hall of Fame Elects Five New Inductees
The Sporting Goods Industry Hall of Fame Committee has elected five new Hall of Famers to be inducted during the 41st Annual NSGA Management Conference & 7th Annual Team Dealer Summit in May 2005. This year’s class includes Roger Atkin, formerly of NFL P
Sporting Goods Hall of Fame Elects Five New Inductees
The Sporting Goods Industry Hall of Fame Committee has elected five new Hall of Famers. Roger Atkin, formerly of NFL Properties; James W. Cabela, Mary A. Cabela and Richard W. Cabela of outdoor retailer Cabela’s; and Konstantin (Conny) Klimenko of Sevylo
Sporting Goods Real Estate Moves…
Scheels All Sports has reportedly accelerated construction of its new 265,000 sf flagship store and corporate headquarters in Fargo, North Dakota, due primarily to a strengthening economy. Work on the $32 million project was to begin in a year, but will
The U.S. Sporting Goods Market Gets Wall Street’s Attention Again…
Acting in the usual Lemming-like pattern, investors on Wall Street left the sporting goods sector in droves last month after warnings by The Sports Authority and Hibbett sent analysts into a tizzy about the short-term opportunity in out little sector of t
Q2 Retail Warnings Do Damage Across the Board…
Earnings season quickly turned to warnings season last week as a couple of retailers sounded warning bells on second quarter performance based a few issues that should not come as much of a surprise to anyone…
Nautilus has High Hopes for Retail…
Nautilus second quarter sales were down slightly to $100.2 million compared to $100.6 million in Q2 last year. Net income during the period was down nearly 60% to $1.9 million, or six cents per diluted share, compared to $4.7 million, or 14 cents per dil
Shanley and Team Leave Wells Fargo for SIG
John J. Shanley is leaving Wells Fargo Securities to join Susquehanna International Group, LLP. SIG said Shanley will join its sell-side research team, covering athletic footwear and apparel. Mr. Shanley brings more than twenty years of experience in the
Specialty Retailers Again Outpace Sporting Goods; Profit Gains Outpace Sales…
The industry’s Retail sector experienced much of the same sales and profit upside seen in the Vendor sector (SEW_0422), as earnings growth here more than doubled the pace of sales gains in the first quarter. Concerns about rising gas prices and consumer
The New Sports Authority Getting More Specialty Focused with Product…
Since the day the rumors started flying about a potential merger between Gart Sports and The Sports Authority there has been an ongoing debate about which of the two divergent personalities would be assumed by the new national sporting goods retail entity
Foot Locker Wins Footaction’s Hand…
The U.S. Bankruptcy court last week weighed arguments from Footstar, Inc. and the lawyers representing the Unsecured Creditor’s Committee regarding competing bids for the assets of the company’s remaining Footaction stores. Footstar was urging the Court
Take a Gander at this IPO…
Gander Mountain came out strong in its Initial Public Offering last week, posting a share price increase of nearly 51% for the week to close at $24.10 on Friday. The IPO was priced at $16 on Wednesday and raised $91.6 million before fees and will clear $
The Sporting Goods Industry is Well Positioned for a Record Year in 2004…
The industry continued its winning streak in the fourth quarter of 2003 as profit gains again outpaced sales growth despite the effects of integration and restructuring charges related to the record number of mergers and acquisitions last year…
B of A Conference May Shed First Light on the Post-Footaction Era..
The Banc of America Securities Investor Conference in New York last week gave many an opportunity to get the first post-Q4 outlook from a number of companies we follow on a regular basis. As usual, much of the presentations is boiler-plate stuff we see d
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