Nordstrom Revenues Fall 9.2%; EPS Plummets Despite $12 M Benefit
Nordstrom, Inc. reported net earnings of $81 million, or 37 cents per diluted share, for the first quarter ended May 2, 2009. For the same quarter last year, Nordstrom reported net earnings of $119.0 million, or 54 cents per diluted share…
GoLite Promotes Team Members, Hires New Sales Agencies
GoLite has promoted three key team members: Andy Burgess, formerly VP of Product, is now SVP of Product, Sales and Marketing, creating a strong cohesive synergy between the different business units. Mark Flanagan, formerly European General Manager, is now
Bushnell to Acquire C’eb’e Eyewear Brand
MidOcean Partners, a middle market private equity firm, and Bushnell Outdoor Products said that Bushnell has acquired the C'eb'e eyewear brand from Marcolin S.p.A., which listed on the Milan Stock Exchange. The terms of the purchase agreement we
Sports Supply Sees Fiscal Q3 Profits Rise Despite Sales Dip
Sport Supply Group, Inc. reported that sales dipped 3.1% to $63.8 million in the third quarter ended March 31 from $65.8 million in the year-ago period. Gross margin contracted a bit to 35.4% of sales, down 120 basis points from the prior year period. Ea
RECALL: Dahon/REI Novara Folding Bicycles
About 11,500 Dahon and REI Novara folding bicycles have been recalled because the hinge on the handlepost can crack, posing a fall hazard. There have been 25 reports of the bicycle's handlepost hinge cracking, including one minor injury involving scr
SGMA: Lacrosse Participation Grows Over 100% Since 2000
According to the Sporting Goods Manufacturers Association’s (SGMA) 2009 Lacrosse Single Sport Report, lacrosse remains one of the 'hottest' sports to play in the U.S. Figures indicate lacrosse has grown by nearly 80,000 participants per year sin
Dorel Sees Rec/Leisure Division Q1 Profits Slide on Mass Declines
Dorel Industries Inc. revenues in its Recreational/Leisure division rose 14.9% to $161.4 million from $140.5 million in the year-ago period. Operating earnings declined 32.6% to $10.0 million from $14.8 million a year ago…
Cost Reductions Lift Q2 Profits for Johnson Outdoors
Johnson Outdoors Inc. said second-quarter sales fell 12.5% to $106.6 million compared to $121.8 million in the prior year period. Net income from continuing operations of $2.5 million, or 27 cents a share, marked a threefold-improvement over net income of
K-Swiss Posts Q1 Loss on Continued Sales Declines
K-Swiss Inc. posted a net loss was $1.1 million, or 3 cents per diluted share, for the first quarter ended March 31, compared with net earnings of $7.1 million, or 20 cents per diluted share, in the prior-year period. Total worldwide revenues decreased 24
Stein Mart April Comps Fall 14.6%
Stein Mart, Inc. said total sales for April were $100.2 million, a 14.6% decline from last year's sales of $117.4 million. Comparable store sales for the period were down 12.3%…
Outdoor Research Adds Mahoney as Sales Director
Outdoor Research hired Dave Mahoney as director of sales, US West. Mahoney comes to Outdoor Research from Cloudveil, where he was Outdoor Sales Manager…
Target April Comps Remain Steady
Target Corporation said net retail sales for the four weeks ended May 2, 2009 were $4.45 billion, an increase of 4.5% from $4.25 billion for the four weeks ended May 3, 2008. On this same basis, April comparable-store sales increased 0.3%…
Nike to Close San Jose, CA Store
Nike Inc. plans to close its store at Westfield Valley Fair shopping center in San Jose, CA on May 17, according to various media sources. The 5,000-square-foot location opened in June 2005…
Crocs Q1 Sales Drop; Net Loss Widens
Crocs, Inc. reported 2009 first quarter revenue was $134.9 million, down 32% from $198.5 million in the year ago period. The company reported a net loss of $22.4 million in the first quarter of 2009 with a diluted loss per share of 27 cents compared to a
Tubbs Snowshoes, Atlas Snow-Shoe Company Name Verde PR Agency of Record
Tubbs Snowshoes, a winter adventure brand founded in Maine in 1906, and Atlas, a technical-based snowshoe company founded in the Bay Area in 1990, together comprise the leading names in snowshoeing. Both brands will use their leadership positions in the s
