JD Sports to Exceed Expectations
JD Sports Fashion Plc, the U.K.’s third-largest sporting-goods retailer, reported sales rose 2.8% in the five weeks ended Jan. 3. Pretax profit will be “marginally” above estimates, helped by a strategy of delaying marking down merchandise until Dec. 26.
Thule Adds Peregrine as Outdoor Distributor
Thule has entered into an agreement with Peregrine Outfitters to distribute Thule and SportRack branded products to the outdoor industry. Peregrine dealers will be able to quickly receive Thule inventory, along with 7,000 other items, through Peregrine’s
Shock Doctor’s Injunction Upheld by Federal Court
Shock Doctor, Inc., announced that its preliminary injunction against competitor XO Athletic has been upheld by a federal appeals court…
SIA: Snow Sports YTD Sales Up 3% through November
According to SnowSports Industries America's (SIA), the snow sports market remained healthy with 3% growth August to November. Snow sports sales surpassed $917 million as the overall retail market faltered in the recession's nadir…
Retailers See Sales Increase, Comps Down in Q3
Retailers in the active sports lifestyle market posted reasonable sales growth for the fiscal third quarter in the light of the general malaise in the market, as sales grew 3.4% on a consolidated basis for the public company retailers tracked by Sports Ex
Trade Shows Exhibiting Some Pressure
With the economy flailing, trade show traffic is expected to take a significant hit in 2009. As budgets get slashed across the board, both retailers and vendors are finding little room left for the traveling, lodging and entertaining costs involved with t
RECALL: RockShox Domain Bicycle Forks
About 175 bicycles with RockShox Domain 302 and 318 bicycle forks, manufactured in Taiwan and imported by SRAM, have been recalled because the forks can detach from the bicycle frames…
Ruger to Repurchase 357,000 Shares
Sturm, Ruger & Company, Inc. announced that during the fourth quarter of 2008 the company repurchased 357,000 shares of its common stock for $2.4 million in the open market, including 309,000 shares repurchased in October 2008 and 48,000 shares repurchase
Scott Adds to Marketing Team
SCOTT USA has added Lars-Erik Johnson to its U.S. bicycle group. He will join the bike marketing department and assist in communications, web projects and coordinating media samples. Johnson has been with ScottUSA for nearly three years as a Bike and Wint
Wolverine to Cut 450 Jobs; Acquires Cushe
Wolverine World Wide, Inc. announced a strategic restructuring plan that the company said will create significant operating efficiencies, improve its supply chain and create a stronger global brand platform. When fully implemented, the company expects the
Costco December Comps Slightly Drop
Costco Wholesale Corporation reported net sales of $7.40 billion for the month of December, the five weeks ended Jan. 4, 2009, a decrease of two percent from $7.55 billion in the same five-week period last year. Total company comparable sales for the five
WFSGI Names Sasai to International Sports Committee
The WFSGI has appointed a new member for its Committee on International Sports Organization (CISO), Yutaka Sasai, Marketing Manager of Asics, and a member of the WFSGI…
December Comp Sales Flat for Ross Stores
Ross Stores, Inc. saw sales of $802 million for the five weeks ended Jan. 3, 2009, a 6% increase over the $755 million in sales for the five weeks ended Jan. 5, 2008. Same store sales for the five weeks ended Jan. 3, 2009 were flat on top of a 3% increase
Shimano American Acquires Fishing Line Manufacturer
Shimano American Corporation has completed its agreement to acquire Innovative Textiles, Inc., the company best known as the makers of PowerPro braided fishing line, announces Dave Pfeiffer, Shimano American president…
SIA: Economy Won’t Keep Skiers/Boarders Off Slopes
SnowSports Industries America (SIA) recently released information from their SnowSports Consumer Panel. According to the study, skiers and riders are concerned about the economy, but they plan to participate as they always do, particularly if the snow con
