The Sports Authority plans to open a 43,000 square foot store in a former Joe's Sports & Outdoors location in Issaquah, WA, at the Town and Country Shopping Center by late spring. TSA's website shows that stores were recently opened in former Jo
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Russell Agrees to Rehire 1,200 Workers in Honduras
Russell Athletic has agreed to rehire 1,200 workers in Honduras who lost their jobs when Russell closed their factory soon after the workers had unionized, according to a report in The New York Times. Russell has long contended the plant was closed due to
FTC Bars Non-Compete Pact by Golf Galaxy
The U.S. Federal Trade Commission said it settled charges that Golf Galaxy, a unit of Dick's Sporting Goods Inc, violated U.S. antitrust law by reaching an agreement with a potential competitor, Golf Canada, that barred a potential competitor from en
GSI Commerce to Acquire Innotrac Corp.
GSI Commerce has agreed to acquire publicly traded Innotrac Corp. in a $61.9 million deal that will speed up delivery's for GSIC's existing partners. Innotrac reported operating income of $4.5 million on net revenues of $128.2 million for the ye
GSI Commerce Sees “Mixed” Results from SG
GSI Commerce, Inc. reported that second quarter revenues surged 47% to $193.2 million. Product sales grew 20% to $107.1 million. On a conference call with analysts, GSI Commerce CFO Michael Conn said they saw “strong results” from the pro sports league
SGB Names Recipients Of Inaugural 40 Under 40 Awards
The finalists for the first annual SGB 40 Under 40 awards have been selected and will be honored at an invitation-only event on June 9, 2008 during the SGMA Team Sports and Sports Licensing Show. The finalists, honored by their peers as the best and brightest of the next generation of sporting goods industry leaders.
Umbro plc First Half Boosted by World Cup, but U.S., Branded Apparel and Footwear Disappoint…
Umbro plc reported a strong fiscal first half through July 2, thanks to increased exposure and sales from the World Cup tournament. World Cup mania did not transfer across the Atlantic, however, resulting in Umbro’s U.S. revenues not meeting expectations
Execute Sports Triples On-line Sales Volume
Execute Sports, Inc.'s online sales volume has more than tripled since its March launch through leading retailers including Dick's Sporting Goods, The Sports Authority, Sport Chalet, Sports R Us, GI Joe's, Modell's, Fog Dog, MVP, MC Sp
Phoenix Misses Guidance; Tunney Exits…
In back-to-back press releases late last week, Phoenix Footwear announced that the company’s President and Chief Operating Officer, Greg Tunney is resigning, and announced they would not meet quarterly or annual guidance. These two blows sent PXG stock tu
Phoenix Misses Guidance; Tunney Exits…
In back-to-back press releases late last week, Phoenix Footwear announced that the company’s President and Chief Operating Officer, Greg Tunney is resigning, and announced they would not meet quarterly or annual guidance. These two blows sent PXG stock tu
Phoenix Falls Short in Q4; Royal Robbins Up 30%
As a result of continued softness at the Company's Trotters and Altama Footwear brands, Phoenix Footwear Group expects to report a net loss per share for the 2004 fourth quarter, as compared to the $0.02 per fully diluted share reported for the fourt
ICON Renames Light Exercise Division; Moves Group to Utah
ICON Health & Fitness announced the new name of ICON Fit Elements for its light exercise division, effective as of January 1, 2005. Formerly headquartered in Mesquite, Texas, the newly renamed ICON Fit Elements division will be based in Logan, Utah and h
Dick’’s SG Q3 Hurt by Galyan’s Integration Costs…
Dick's Sporting Goods provided a bit more color on the integration costs and efforts associated with its August acquisition of Galyan’s, a merger that will somewhat surprisingly cause the closure of more Dick’s stores than Galyan’s doors. The retail
EXEC: Wall Street Analysts Downgrade Nike as Competitors Gain Heat
Nike’s move to slash its sales forecast for the year ahead resulted in downgrades from UBS, Stifel, JPMorgan, and Morgan Stanley. Some analysts cited opportunities for Adidas, Lululemon, Hoka, On, and other competitors to gain shelf space as Nike’s overreliance on lifestyle offerings and innovation struggles continue.
EXEC: Wall Street Reacts to Strong Q3 for Dick’s and Hibbett
The third-quarter earnings beats and raised guidance for both Dick’s Sporting Goods and Hibbett increased investor confidence that the athletic retail space is positioned to at least outperform the broader retail sector in a challenging marketplace, although some analysts were concerned about margin pressures at Dick’s.
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