Based on the performance of public company stocks in the active sports lifestyle industry tracked by Sports Executive Weekly, it does not appear that the sporting goods industry in recession-proof. The industry as a whole roughly matched the decline of th
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Snow Boosts Hardgoods in First Quarter…
Deep and lasting snow across much of the country restored gear vendors to profitability in the first quarter, but combined with weakening consumer confidence to push retailers into the red. While sales rose about 13% among softgoods and hardgoods vendors
Nalgene, REI to Phase out BPA Bottles…
As Canadian retailers like Forzani and Canadian Tire moved to yank BPA bottles from their shelves, Nalgene said it will phase out production of such products over the next few months Friday. Nalgene said it will wind down production of its Outdoor line
Outdoor Industry Outpaces Broader Market in Q4…
The outdoor industry appears to have fared much better than the rest of the economy in the 2007 fourth quarter, according to a review of public company financial data for the period. The data is seen as an indicator that the outdoor market may still be m
More Canadian Retailers Pull BPA Bottles
Wal-Mart Stores Inc's Canadian unit, Hudson's Bay Co., and Canadian Tire Group joined a group of Canadian retailers pulling plastic bottles containing bisphenol A. On Tuesday, The Forzani Group Ltd. said it would pull water bottles made with the
New City Sports Owners Plot National Expansion…
City Sports has a new equity partner with big plans to expand the metro specialty sports chain across the nation, a move that may signal the next phase of sports retailing in the U.S. Highland Capital, which acquired an 80% stake in the business and was
Third Quarter Retail Profits Hurt by Charges, Weak Comps..
With over two-thirds of the sporting goods industry’s retailers reporting comparable store sales declines for the third quarter, the segment would have to make serious strides in gross margin to see any improvement on the bottom line…
Tefron Names Active Chairman
Tefron Ltd., a producer of seamless intimate apparel and active wear, has appointed Yacov Gelbard, former CEO of the Bezeq Group, as active chairman of the board of directors. The Israelli-based company also announced that Yarom Oren is replacing Gillon B
Debate Over Polycarbonate Water Bottles Grows…
The reputation of Lexan polycarbonate water bottles received another blow last week after yoga retailer Lululemon joined Mountain Equipment Co-op in pulling water bottles containing bisphenol-A (BPA) from their shelves. Vancouver's Mountain Equipment
Debate Over Polycarbonate Water Bottles Grows…
The reputation of Lexan polycarbonate water bottles received another blow last week after yoga retailer Lululemon joined Mountain Equipment Co-op in pulling water bottles containing bisphenol-A (BPA) from their shelves. Vancouver's Mountain Equipment
Outdoor Industry Posts Strong Results in Q3…
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.
New Guidance and Conferences Offer Q3 Insight…
This week, several companies updated analysts and investors on their third quarter prospects and growth initiatives with new guidance, new SEC filings, or through presentations at the Wachovia Consumer Growth Conference in New York, NY…
Wachovia Conference Gives a Peek at Q3 Retail…
The obvious impact of the warmer weather this year against the colder snap during the same time last year, coupled with general concerns about the economy and consumer spending outlook for the Holidays, had analysts scrambling for answers at the most rece
Mall Promotions Take Toll on Q2 Retail Results…
The weak mall environment that dominated sporting goods retail in the first quarter persisted through the second as retailers in turn looked to generate sales and lower inventories through promotions and clearances. In addition, the shifting calendar that
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
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