Despite numerous hurdles, about a dozen new brands are either in the midst of launching their first running shoes or setting up major initiatives to get into U.S. running specialty. The launches come as a recessionary climate makes buyers across retail ne
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Under Armour Has Robust Third Quarter, but Outlook Cut on Macro Concerns
Under Armour reported a 28.1% hike in third quarter earnings on a 24.1% revenue gain, slightly ahead of Wall Street's expectations. But the performance apparel leader lowered its fiscal 2008 outlook due to the souring economic climate…
A Time of Transition
Since the last general election year, change has been a constant in the sporting goods retail landscape. The past year certainly goes down as a sluggish period for the sporting goods industry, marked by recessionary worries, escalating gas prices, and ane
Industry Retailers Up Overall in Second Quarter
Retailers in the active sports lifestyle market posted strong sales growth for the fiscal second quarter, as sales grew 9.0% on a consolidated basis for the public company retailers tracked by Sports Executive Weekly. That high-single-digit sales increase
Hibbett Sports Benefits from Small Market Focus
Hibbett Sports’ strategy of local shops in small, underserved markets continued to pay off in the second quarter as consumers sought convenience and selection in the light of increased gas costs…
Genesco Provides Insight to Mall Trends
Reacting to an analyst's comments at last week's WSA Financial Conference sponsored by Susquehanna International Group that suggested that the skate category was slowing, and subsequent comments from Skechers suggesting the same, executives at G
K-Swiss Net Gets Payless Payout Boost
It was another quarterly sales decline for K-Swiss as growth in performance and fashion product could not offset the continued softness in the white-leather-foot-covering Classics business. International proved a positive market again this quarter, though
Under Armour Posts Strong Q2 Sales Growth
Under Armour closed its second quarter with sales above the year-ago period, while cluing analysts in to its plans for new product launches in the back half of this year and the first half of 2009. However, net income declined as a result of front-loaded
Heelys Appoints New CFO
Heelys, Inc. announced the appointment of Lisa K. Peterson to senior vice president and chief financial officer, and has named John Benton Price vice president of product.
For American Shoppers, Price Takes the Lead
The 2008 “How America Shops” study, developed by The SportsOneSource Group, measures the factors that influence where consumers shop and what drives them to buy. The report found that price has become the number one motivating factor in determining where
Nike’s Q4 U.S. Backlog, Profit Drop Worry Analysts…
Nike, Inc. posted its 27th consecutive quarter of company-wide sales growth, but less than stellar domestic results led Wall Street to sell off the stock with a 7.8% overnight decline after Wednesday’s close. NKE shares ended the week down 9.6% to close a
SportsOneSource Study Sees Price Take Top Spot in 2008 ‘How America Shops’ Report…
The active sports lifestyle market may be surprised by how consumers view the retail landscape in the industry today. A recent study found that price has become the number one motivating factor in determining where to shop for sporting goods or athletic
adidas Group Sees Solid First Quarter Results…
Adidas Group had a solid first quarter at its adidas and TalyorMade-adidas Group divisions, but experienced continued declines in the Reebok business. Both the adidas and Reebok segments got a boost from an increase in the owned-retail business and the co
Under Armour Reduces Profit Outlook as High Inventories Cut into Margins…
Under Armour Inc. posted another solid quarter for sales growth, but a sharp increase in marketing expenses and tighter margins cut into profits as net income plunged more than 71% compared to the year-ago period. The company is still struggling with the
K-Swiss Sees Domestic Weakness Flow into International Business in Q1…
K-Swiss, Inc. continued to see a downturn in its domestic business but the first indications of a decline in the international business have now begun to show as well. First quarter results were said to be in line with company expectations, but revenues
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