Smith and Wesson to Make Earnout Payment
Smith & Wesson Holding Corp. (S&W) said that former shareholders of Universal Safety Response, Inc., (USR) acquired in June 2009, will receive an additional 4.1 million shares of Smith & Wesson stock as part of the earn-out payment incentive in the merger
Nordstrom Initiates Stock Buyback Program
Nordstrom, Inc.'s board authorized a repurchase program of up to $500 million of the company's outstanding common stock, through January 28, 2012…
Foot Locker Q2 Profitability Improves on 2.3% Comp Gain
Foot Locker, Inc. earned $6 million, or 4 cents per share, in the second-quarter ended July 31, compared with break-even performance last year. Second quarter sales decreased 0.3%, to $1.1 billion. Second quarter comparable-store sales increased 2.5%. Exc
Boathouse Sports Enters Rugby Market
Boathouse Sports, the Philadelphia-based manufacturer of custom team athletic apparel, announced that it has started marking high school, college and club rugby apparel…
Saks Loss Narrows on Higher Sales
Saks Inc. cut its second-quarter loss to $32.2 million, or 21 cents per share, in the quarter ended July 31 from a loss of $54.5 million or 39 cents per share, a year ago. The results include after-tax charges of 8 cents per share for the closing of two s
Finish Line Promotes Sato to President
The Finish Line, Inc. appointed Samuel M. Sato as president and chief merchandising officer. Sato, who has been with Finish Line since 2007, previously served as executive vice president, chief merchandising officer. Steven Schreibman, formerly at Nationw
Former Surfing Champion Sued Over Billabong Shares
Former surfing champion Mark Occhilupo is being sued by his former accountant over Billabong shares he acquired as part of an endorsement deal…
U.K. Study: Sports Playing Bigger Role in Economy
According to a study from Sheffield Hallam University for Sport England, sport now plays a bigger part in England's economy than at any time for the last 25 years The study for Sport England claims sport now accounted for 2.3% of all consumer spendin
OBIT: W. Leonard Brooks
W. Leonard Brooks passed away August 17th in Boca Raton Florida at the age of 84. He was the founder and President of Brooks Sporting Goods which operated in the Philadelphia metropolitan area…
Western Fly Fishing Rep Agencies Merge
Sundown River Products, a manufacturers representative of outdoor sporting goods including Aire/Outcast Inflatables in Boise and Brooks Montgomery Sales & Marketing of Salmon, ID have merged, according to a report published by IdahoStatesman.com…
Easton-Bell Earnings Growth Outpaces Sales Growth in Second Quarter
Easton-Bell Sports, Inc. continued to grow earnings faster than sales in the second quarter ended July 3 as operating income surged to $20.1 million in the quarter, up 36.0% from $14.8 million in the second quarter of fiscal 2009…
Gildan Activewear Posts Solid Fiscal Q3
Citing strong growth in activewear unit sales and lower promotional activity in U.S. distribution channels, Gildan Activewear posted strong sales and earnings growth for the fiscal third quarter ended July 4…
Fox Factory Q2 Sales Up Double Digits
Fox Factory Inc. reported sales of $34.7 million in the three months ended June 30, up 16.1% from the year-ago quarter, according to a financial report released by its parent company Compass Diversified Holdings, Inc. Gross margins remained essentially fl
Phoenix Footwear Sales Drop 5% in Q2
Phoenix Footwear Group, Inc. said net sales for the second quarter ended July, 3, 2010 were $3.8 million, down 5% compared to net sales of $4.0 million for the second quarter of 2009…
Hundreds Attend Eco Index Workshops at OR
The North American launch of the Phase 1 Beta Eco Index took place at last week’s Outdoor Retailer Summer Market in Salt Lake City, Utah. Three Eco Index workshops at the show drew over 300 attendees and dozens of companies have expressed interest i
