JJB Sports Cuts Pre-Tax Profit Forecast in Half
JJB Sports Plc warned on full-year profit after slumping to a first-half loss and axing its dividend. The U.K. sports retailer and health clubs group said it expects underlying pretax profit for the year ended Jan. 2009 to be about £15 million ($27.6 mill
Bauer Hockey Acquires Mission-ITECH
It appears the hockey market has entered into a consolidation cycle once again. Just six short months after Bauer Hockey was acquired from Nike by Kohlberg & Company and Montreal businessman W. Graeme Roustan, Bauer has dropped the Nike moniker and instea
FGL Announces Back to School Results
The Forzani Group Ltd., Canada's largest retailer of sporting goods, today reported slightly higher sales for the fiscal 2009 “Back to School” selling season. Retail system sales for the seven-week period ended Sept. 21, 2008 increased 0.8% over the
2008 Sportfishing Summit Moves to Denver
The 2008 Sportfishing Summit will be held in Denver, Colo., at the Brown Palace Hotel. The group rate per night is $155. The deadline for reserving rooms at the hotel is October 7…
Golfsmith Appoints COO
Golfsmith International Holdings, Inc. appointed Sue E. Gove as its EVP and chief operating officer. Most recently, Gove was an independent consultant but had previously served in the same role for Zale Corp., the jeweler. She will initially oversee finan
NexCen Sells Waverly to Iconix
NexCen Brands Inc., the parent of The Athlete's Foot, agreed to sell its Waverly furniture business to Iconix Brand Group Inc. for $26 million in cash. NexCen, which in May expressed doubt about its ability to continue as a going concern, has cut job
GreenRep.Org is the Answer to Making Sales Greener
Greenrep.org is a sales agency dedicated to selling green products and advancing green initiatives in the surf, skate, snow, and outdoor industries. Greenrep.org works by donating 5% of all profits to green organizations and educational sources.
Wal-Mart Vows to Cut Plastic Bag Usage by 33%
Wal-Mart Stores, Inc. took another big stride in its sustainability efforts when it committed to reduce its global plastic shopping bag waste by an average of 33% per store by 2013. To reach this goal, Wal-Mart will reduce the number of bags given out by
REI Workshops Seek to Drive Women’s Outerwear Sales
W.L. Gore & Associates and six top outdoor brands have partnered with REI to drive women's outerwear sales at the co-op's stores starting this weekend. REI will offer one-hour workshops on how to dress for the outdoors. Participants will get a c
Phoenix Footwear Names New CFO
Phoenix Footwear Group, Inc., a multi-brand footwear and accessories company, announced today that it has named P. Douglas Ford as its Chief Financial Officer, effective immediately. Scott Sporrer, who served as Phoenix Footwear's Interim CFO since O
Conservation Alliance Lobbies Congress on Public Lands
Representatives from The North Face, Osprey, The Forest Group, and The Conservation Alliance spent two days lobbying Congress last week to support a bill that includes more than 150 public lands bills. The proposal could go to the Senate floor for a vote
Skram Media to Acquire Mountain Gazette Properties
Skram Media has reached an agreement to purchase the Mountain Gazette from GSM Media, LLC, of Paonia, CO, a deal that will expand its reach to 350,000 mountain sports enthusiasts. Skram Media will also own the magazine’s website, mountaingazette.com. Skra
Investors Turn to Sporting Goods in Tough Times
The old adage about the sporting goods industry weathering tough economic times got a real test last week. A first blush review of Wall Street results last week reveals that the industry did fare better than the market as a whole and many other sectors,
Amer Sports Sees Tough Q4 Ahead
Amer Sports could see a “challenging” fourth quarter as economic problems from the United States spill over into Europe, a senior company official said. “There are signs of weakening macro economy also in Europe,” said company spokesperson Pekka Paalanne.
Investors Turn to Outdoor Stocks in Tough Times
The old adage about the sporting goods industry weathering tough economic times got a real test last week. A first blush review of Wall Street results last week reveals that the outdoor industry did fare better than the market as a whole and many other s
