DSW Inc. reported net income fell 44.0% to $7.1 million on net sales of $385.8 million for the quarter ended May 2, 2009 from a net income of $10.3 million on net sales of $366.3 million for the quarter ended May 3, 2008. Same store sales decreased 4.7% v
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NSGA: 2008 Sporting Goods Sales Reach $53.4 Billion
In spite of a 16% surge in shooting sports equipment, retail sales of sporting goods (footwear, clothing and equipment), which reached a record $53.5 billion in 2007, fell 1% in 2008 to $53.4 billion, according to the just released National Sporting Goods
Broder Bros. Completes Financial Restructuring
Broder Bros. Co., which distributes Anvil, Fruit of the Loom, Gildan, Hanes, Jerzees, adidas Golf and Champion product, has completed its previously-announced financial restructuring through the settlement of its private exchange offer…
Element 21 Narrows Q3 Loss
Element 21 Golf Company generated fiscal third quarter revenue of $1.8 million, an increase of 322% compared to revenue of $565,630 in the comparable period in fiscal 2008. The fiscal third quarter results include non-cash barter revenue of $54,286, incu
Billabong Again Cuts Guidance on U.S. Weakness
Billabong International Ltd. has cut its fiscal 2009 guidance for the third time since mid-2008, citing the weak U.S. economy as reason for the reductions. The Australia-based surf company now expects to report full year net profit after tax in the range
Adidas Group Names Chief Officers for Sales and Retail
Adidas Group has named two new chief officers for sales and retail, responsible for both adidas and Reebok. Michael Stanier joined the adidas Group as chief retail officer on May 15, and Roland Auschel will assume the role of chief sales officer on July
RECALL: Norco, Trek, Cannondale Bikes
Around 20,000 mountain bikes and bike frames are being recalled last week by three companies in cooperation with the U.S. Consumer Product Safety Commission. Both Trek and Cannondale are recalling bikes with faulty suspension forks manufactured by Taiwane
Survey: Business Getting Done at OR Trade Show
In its first comprehensive survey around the iconic outdoor industry trade show event since 2004, the organizers of Outdoor Retailer found – not so surprisingly – that new products and networking were the primary reasons retailers went to their trade show
Charles River Moving into New Offices
Charles River Apparel has purchased a 121,287 square foot warehouse and office location for its new headquarters. Currently located in Medford, MA, Charles River Apparel has been in the same location for over 25 years. The new property is 6.3 acres of lan
Collective Brands’ Stockholders Pass Proposals at Annual Meeting
Stockholders of Collective Brands, Inc. (NYSE: PSS) today approved all three of management's proposals at the Corporation's annual meeting. Stockholders re-elected three directors to the Collective Brands Board of Directors, ratified the reappoi
First-Quarter Profits at Target Decline 13%
Target Corp's first-quarter profit declined 12% to $522 million, or 69 cents a share, from $602 million, or 74 cents a share. But results were well ahead of Wall Street's consensus estimate of 60 cents due to limited markdowns and controlled ex
Shimano Inc. Reduces Full Year Outlook after Q1 Sales Decline
Shimano, Inc. reported that revenues for the first quarter declined in double-digits, but net income improved thanks to a boost in non-operating income and lower taxes. Net revenues fell 18.9% to ¥45.1 billion ($483 mm) for the period ended March 31, com
Obama Administration Welcomes the Outdoor Industry
About 50 outdoor retailers and suppliers and retailers joined the OIA Government Affairs team in Washington, D.C. for the 2009 Capitol Summit, which was held from April 21 to 23. Ten lobby teams met on the Hill with close to 90 members of Congress and/or
Easton-Bell Q1 Profits Decline on Tighter Margins
Easton-Bell Sports, Inc. had net sales of $184.9 million for the first quarter ended April 4, an increase of 1.5% as compared to $182.1 million in revenues in the year-ago quarter. The revenue increase was dampened by the strengthening of the U.S. dollar
Gildan’s Fiscal Q2 Net Plummets on Lower Sales, Weaker Margins
Gildan Activewear Inc. reported that net earnings for the company’s fiscal second quarter fell more than 83% to $7.1 million, or 6 cents per diluted share, for the period ended April 5, compared with net earnings of $42.1 million, or 35 cents per diluted
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