Hundreds of organized hikes around the country will commemorate National Trails Day, many of which will draw outdoor enthusiasts to settings in some of the nation's most precious wild national forests. Environmental advocates are concerned that these
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The Finish Line Answers Critic with Q1 Performance…
The Finish Line left little doubt as to its current trend which appears to be onward and upward, at least in the footwear category. The mall specialty retailer saw May comp store sales jump 16%, with footwear posting a 20% increase and apparel a 2% decli
The Street Backs Off Sporting Goods Sector Despite Tremendous Returns in First Quarter…
Vendor companies in the sporting goods industry continued to find new ways to spike profits in the first quarter of 2004. Even the hardlines segment is getting into the act as net income there outpaced sales growth for the first time since Q1 last year
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
Genesco Looks to Athletic in Journeys’ Q1 Surge; Hat World Helps Bottom Line…
Genesco Inc. is feeling pretty good about the business these days, so much so that the company has gone ahead and increased full year sales and earnings estimates once again. The strength of the fashion athletics business at Journeys and better-than expe
Perry Ellis Puts on Swimwear Push…
Perry Ellis International reported that Q1 net income profit jumped 46% to $8.2 million for the quarter. EPS was up 11.3% to 89 cents per diluted share. Total revenue surged 82.4% to $197 million from $108 million in the year-ago period. Gross margin i
Yue Yuen Closer to Providing One-Stop-Shopping for Vendors…
Yue Yuen is moving beyond footwear and apparel and into bags and accessories. The Taiwan based manufacturer has acquired a 30% stake in Prosperous Industrial Holdings Limited, an OEM/ODM manufacturer of sports bags, luggage, golf bags, hand bags and trave
Umbro IPO Float Lives Up to Lowered Expectations After Offer Price Cut…
The Umbro Holdings IPO in London hit a bit of a snag this week after the company was forced to back off its initial expectations of a offer price in the £1.50 – £1.90 ($2.72-$3.45) range to a more realistic offering at £1.00 ($1.81). Investors and analys
New TSA Getting Closer to the Gart Model…
Doug Morton, vice chairman and CEO of The Sports Authority, will temporarily assume the chief merchant role as the retailer looks for a replacement for Elliott Kerbis after the president and chief merchant resigned last week. Morton pointed to five “very
Yue Yuen Closer to Providing One-Stop-Shopping for Vendors…
Yue Yuen is moving beyond footwear and apparel and into bags and accessories. The Taiwan based manufacturer has acquired a 30% stake in Prosperous Industrial Holdings Limited, an OEM/ODM manufacturer of sports bags, luggage, golf bags, hand bags and trave
Dodge Receives Light Sentence in JFF Case; Epstein Settles SEC Suit
Steve Dodge, the former vice president of U.S. Sales for the pre-Nike Converse, Inc., was sentenced on Tuesday by United States District Judge Judge C. Lynwood Smith Jr. in the ongoing Just for Feet fraud case. Dodge will serve 18 months probation with s
Foot Locker Comments Overshadow Q1 Results…
Some people just never seem to learn from their own past actions (or words).
Foot Locker, Inc. arguably gave up a year of potentially strong growth when it decided to “punish” Nike a year and a half ago, handing the urban fashion mall business to a the
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,
Hibbett Sets Bar Higher Again in Q1…
Hibbett Sporting Goods posted another record quarter and continues to improve upon its model that enabled the company to deliver an 8.1% return on sales for the first quarter versus its sector-leading 7.1% ROS for the 2003 full year and a 6.6% ROS in Q1 l
Epstein Avoids Jail in JFF Sentencing…
Jon Epstein, the former CEO of Fila USA and Fila’s new parent company, Sport Brands International, was sentenced Friday by U.S. District Judge Karon O. Bowdre to 5 years probation, 6 months home detention, and a $10,000 fine in the Just for Feet fraud cas