The outdoor industry bucked the worries that many financial analysts held over the credit crunch and mortgage crisis, posting strong sales results across the vendor/retailer divide with net income growing in-line as well, excluding one notable write-down.
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Golfsmith Gets New Store Boost in Q3…
Golfsmith International Holdings posted double-digit sales growth for the third quarter as the addition of 15 new stores in the trailing 12 months and the extended warm weather selling season boosted top line growth despite a slight downturn in quarterly
Is Finish Line Already Looking Past Genesco?
The Finish Line, Inc., while embroiled in a dispute with Genesco, Inc. over its planned acquisition of the GCO business, may have hinted at some non-financial reasons why the deal may not make as much sense as it first did when announced this past spring.
Vendors and Retailers Provide a Look-Ahead in Latest Round of Conferences…
At the recent Thomas Weisel Consumer Conference in New York City and the Piper Jaffray Consumer Conference in London, several industry companies offered their views on the global market today and the strategies they hope will position them well for the fu
Outdoor Brands Outline Growth Strategies at the Latest Investor Conferences…
At the recent Thomas Weisel Consumer Conference and the Piper Jaffray Consumer Conference in London, several outdoor brands offered their views of the global market today and the strategies they will use to grow going forward. In London, Deckers, Under Ar
Fly Fishing Retailer Looks For the Right Timing
While many vendors and retailers at the Fly Fishing Retailer show in Denver last week were quite happy with attendance and general mood on the floor, the show, according to many of the long-time show goers, was still a shadow of its former self. However,
Softgoods Vendors See Q2 Profit Growth Outpace Sales on New Brands and Expense Controls…
Despite the fact that the media is hyperventilating over worries about the burst in the private equity funding bubble, the credit crunch and sub-prime lending problems, softgoods marketers in the sporting goods industry went about business as usual in the
Outdoor Sector Q2 Still Strong in All Categories…
At the end of Q2 last year, the deal environment was just beginning to stagnate. Today, mergers and acquisitions are practically a non-issue as the private equity market is at a standstill and the major strategic buyers have gorged themselves on deals and
Forzani Group Sees Another Strong Quarter…
Forzani’s second quarter was boosted by strong sales of footwear and hardgoods and improved gross margins spurred by more efficient inventory management. Wet weather and flooding in Western Canada slowed down sales for the month of June, but July bounced
Genesco Inc. Turns in Weak Q2; The Finish Line Looks to Re-Evaluate Merger…
Shortly after Genesco, Inc. reported its disappointing second quarter results last Thursday, The Finish Line, Inc., which is in the process of acquiring its rival, came out with an announcement of their own that signaled their own disappointment. FINL sa
WSA Show Offers Little to Quell Market Concerns…
The mood at the recent WSA show was quite somber, with retailers and exhibitors alike feeling the chill of the malaise in the athletic shoe business. Foot Locker’s broad restructuring news, which broke just as the show was opening, definitely put a dampe
Hardgoods Vendors See Tough First Quarter…
Without the benefits of acquisition driven top-line growth, and all of the negative factors involved in the various integration initiatives hitting the bottom line, hardgoods vendors had a tough first quarter in 2007. However, softgoods and footwear vendo
Industry Vendors See Q1 Profit Growth Lag Sales…
With the last of the first quarter reports now filed with the SEC, Sports Executive Weekly presents a wrap-up of industry public company results. SEW’s review shows healthy sales for the industry when looking at the overall market with sales increasing in
Genesco Looks Forward to Anniversary of Negative Trends to Offset Urban Declines…
Genesco Inc. lived up to its lowered expectations for the first quarter as the negative impact of its urban stores overshadowed upside elsewhere. The Journeys Group again posted “solid sales growth” and the company is also reporting some solid performanc
Dick’s Sporting Goods Surprises Wall Street with Strong First Quarter…
Dick’s Sporting Goods was able to pull off a strong enough first quarter to hit the high end of its guidance in spite of a “very challenging retail environment” this spring. While some of the increase in the top line was spurred by the inclusion of Golf G
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