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
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Industry Q4 Retail Hurt by Lack of ‘Must Haves’…
Retailers tracked by Sports Executive Weekly saw a reversal of fortunes in the fiscal 2007 fourth quarter as the ‘must haves’ that drove gains in the prior year period failed to materialize this past Holiday season. While vendors were still capitalizing
Investor Conferences Show the Mindset of the Industry
Industry companies once again hit the road over the past couple weeks at the Banc of America Securities Consumer Conference and the Citigroup Small and Mid Cap Emerging Growth Conference, giving the investment community and the world in general a bit deep
Pony Launches Ad Campaign Around Relaunch
Pony International Inc. plans to launch a Back in the Game campaign in national TV, print, digital and retail media to herald the launch of its 2008 collection. The March blitz is designed to coincide with new product releases in footwear channels such as
Dick’s Sporting Goods Tempers Outlook on Weather Shifts, Weaker Economy…
Dick’s Sporting Goods Inc. reported that an abundance of cold weather in the fourth quarter slowed comp store sales to 2.7% for the period, cutting the golf season short. The same weather pattern is expected to cause first quarter same-store sales to dec
K-Swiss Inc. Sees Domestic Turn-Around Falling into 2009; China Labor a Worry…
K-Swiss Inc. continued to see weakness in the U.S. market and may be seeing some chinks in the International business as well. The company had been able to rely on a fast-growing International business to offset the weakness in the Domestic market, but I
Puma AG Sees Growth Slow Again, But U.S. Slow Down Helps Margins…
After years of double-digit growth, Puma AG came back down to earth in 2007, posting weaker growth for the year despite the continued consolidation of former distributors and a growing owned-retail business, thanks in large part to a decline in the U.S. a
Ralph Parks Takes CEO Reins at Heelys…
Heelys, Inc. reported late Friday that its board had accepted the resignation of Michael G. Staffaroni, CEO of Heelys, Inc. since 2001. Ralph Parks, former president and CEO of FootAction USA, will serve as interim CEO. Parks was named to the Heelys boar
Staffaroni Resigns from Heelys
Heelys, Inc. said its board has accepted the resignation of Michael G. Staffaroni, Heelys’ CEO since 2001, effective Friday. Ralph T. Parks, former president and CEO of FootAction USA, will serve as interim CEO. Parks was named to Heelys’ board of directo
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…
Sports Retail Market Sees a Changing Landscape…
Most of the key stories featured in the annual Sports Executive Weekly year in review issues over the last five years have been centered around mergers & acquisitions as the market consolidated and private equity firms, flush with cash, found companies in
Iconix Adds Four New VPs
Iconix Brand Group, Inc. added four new executives to its senior management team. Kimberly Lee Minor and Carolyn D'Angelo have joined Iconix, both as VP brand management. Kenneth Richard has joined Iconix as VP marketing and Neal Seideman joins Iconi
adidas Group Posts Solid Q3; Sees Big 2008 Gains…
The adidas Group posted a decline in top-line sales for the third quarter, but the numbers were greatly impacted by currency fluctuations and continued declines at Reebok. The brand adidas business was impacted somewhat in Europe by tough soccer apparel
K-Swiss Sees U.S. Weakness Potentially Spreading to International Business…
K-Swiss, Inc. attempted to temper Wall Street expectations once again last week as the company posted a disappointing third quarter and reminded analysts on a quarterly conference that it would be late 2008 and possibly 2009 before the brand would see a t
Puma AG Third Quarter Sees Both Downside and Upside in U.S. Mall Sales Decline…
Puma AG took another hit to the top-line in the third quarter as a tough U.S. mall business and the largest player in the channel continued to severely impact overall footwear sales growth for the period. The EMEA region also saw some challenges of its o
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