REI 2002 Net Income Surges 112% on Total Sales Decline

Recreational Equipment, Inc.(REI)declared a $38.7 million patronage refund to its active members on 2002 sales of $735 million. The cooperative also announced that, based on the 2002 results, its corporate giving commitment will increase by 80% to $1.8 mi

Skechers on the Back Side of the Curve…

Skechers USA saw shares plunge 18.4% for the week after the company surprised the market — and the industry — with projections for Q1, which show a dramatic slowdown to their business…

As Rawlings Investor Gives Go Ahead…

Daniel Gilbert, who holds nearly 15% of Rawlings' stock, said he has become comfortable with K2 CEO Dick Heckmann's vision for Rawlings and will support KTO’s purchase of the venerable sporting goods brand…

Sportsman’s Guide 2002 Up 43% on 6.2% Sales Increase

The Sportsman's Guide reported sales were $180.3 million for the year ended December 31, 2002, an increase over the $169.7 million reported for 2001. The Company recorded net earnings of $4.0 million, or $0.80 per fully diluted share, for the year,

Hibbett, Wal-Mart, Kohl’s Continue Solid Gains…

Quick – What do Hibbett and Wal-Mart have in common other than owning small-town markets?
The two, along with Costco and Kohl’s, are the ONLY retailers in the chart on the following chart that reported positive same-store sales growth for January against

Nordstrom January Comps Inch Up 0.8%; Year Comps Up 1.3%

Nordstrom, Inc. reported preliminary sales of $316.5 million for the four-week period ending February 1, 2003, an increase of 6.7% compared to sales of $296.6 million for the four-week period ending February 2, 2002. Same-store sales increased 0.8%…

O’Neill Makes Splash into Surfing Industry

O'Neill Clothing's decision to sponsor the U.S. Open of Surfing in Huntington Beach is a signal that the company plans to compete more fiercely with industry titans such as Quiksilver and Billabong, executives said…

Quiksilver Expands CapEx Budget in 2003…

Quiksilver Inc. announced in an SEC filing last week that it expects $35 million to $40 million in capital expenditures in fiscal 2003 ending October 31, 2003. Fiscal 2002 capital expenditures were $22.2 million, compared with $22.6 million in fiscal 200

Action Performance Fiscal Q1 Profits Slip 2.5%

Action Performance Companies, Inc. reported first quarter revenues for the first quarter ended December 31, 2002 increased to $85.8 million from $84.1 million in the same period last year. Net income slipped 2.5%…

Aussie Apparel Group Acquires Brands…

Aussie Apparel Group, Ltd. signed the closing documents last month to acquire the Hot Tuna, Xisle, Piranha Boy and Piranha Girl brands from Federation Group. The definitive agreement, signed on December 17, 2002, is valued at approximately $7.5 million…

Leatherman Appoints National Account Executive

Kevin Kebodeaux has joined Leatherman Tool Group, Inc. as
National Accounts Executive. He will be responsible for working with national retailers in the sporting goods and general merchandise categories…

Jack Smith to Consult for Contact Sports

Contact Sports, Inc., a wholly owned subsidiary of Alfa International Corp., today announced that it has signed a two year consulting agreement with Jack A. Smith, founder and former C.E.O. of The Sports Authority (TSA)…

Fortune Acushnet Division Sees 2002 Sales Up 6.5%

Fortune Brands, Inc. reported record results for the fourth quarter and full year 2002. FO deployed successful strategic initiatives, generating share gains for home and golf brands. The company's top-selling brands, including Moen, Titleist, Jim Bea