Hibbett Sporting Goods, Inc. saw HIBB shares fall 13.5% for the week to close at $25.50 on Friday after posting a fiscal first quarter with a very slight decrease in comp store sales that fell short of analysts’ expectations. At issue is some weakness du
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Zumiez Sees Near 20% Q1 Comps Jump…
Zumiez Inc. had a busy end to the company’s first quarter, posting strong sales results which converted last year’s net loss to a gain this time around and executing a two-for-one stock split of its common stock near the end of April.
Total net sales for
Zumiez Hits Fast Forward Button on Expansion…
Zumiez, Inc. signed a definitive agreement to acquire action sports retailer, Fast Forward. Fast Forward operates 19 stores, 16 of which are in Texas, with one store in California and two stores in Oklahoma. The chain had sales of “slightly under $24 mill
Execute Sports Q1 Loss Widens on Lower Margins
Execute Sports, Inc. net sales for the first quarter ended March 31, 2006 were $595,534 compared to $639,610 last year, representing a $44,076, or 7% decrease. The three month year-over-year decrease is due to the discontinuation of its motocross business
Access Fund and Urban Climber Ink Partnership
The Access Fund will partner with Urban Climber Magazine on a number of initiatives. Based in Boulder, CO., the Access Fund supports and represents over 1.6 million climbers nationwide in all forms of climbing. The Access Funds membership roster features
House Pases Act to Protect Recreational Fishing
The House Resources Committee passed the American Fisheries Management and Marine Life Enhancement Act. This legislation will protect anglers and the jobs that depend on them. The House of Representatives will consider voting on this bill over the summer.
Apparel Manufacturer Opens Research Center in Nike HQ
Tefron Ltd. will launch a joint “Center of Excellence” with Nike, located at Nike's world headquarters in Beaverton, Oregon. The Center of Excellence will focus on integrating innovation and technology into garment manufacturing, on creating first ra
Implus Acquires YakTrax
Implus Footcare, LLC, acquired YAKTRAX snow and ice traction devices. Total Implus revenue with the new brand is projected to approach $70 million for fiscal year 2006. Steve Couder, National Sales Manager for YAKTRAX, will continue to lead sales for the
Escalade Sports Acquires Carolina Archery Products
Escalade, Incorporated's wholly owned subsidiary, Escalade Sports, acquired substantially all of the assets of Carolina Archery Products. Carolina Archery Products is based in Hillsborough, North Carolina and is best known for its patented Whisker Bi
Golf Manufacturers Continue Fight Against Counterfeits
Following a request by the U.S. Golf Manufacturers Anti-Counterfeiting Working Group, Chinese law enforcement officials have raided four factories and three warehouses involved in the production and distribution of counterfeit golf clubs and equipment in
SIA: 05/06 Chain Sports Sales Up 6%
Overall sales for the entire winter sport market (including specialty and chain stores), were up 4% in dollars to $2.3 billion for the August 2005 through March 2006 period,
compared to $2.2 billion reported last year, according to the SIA Retail Audit. U
Skiing and Adventure Travel Drive Intrawest in Q1…
Intrawest finished its first quarter of 2006 well above last year, with total revenue up 18% to $550.9 million and EBITDA up 24.7% to $136.5 million from $109.5 million last year. However, due to a change in the estimated depreciation on resort assets, in
Shoe Pavilion Q1 Net Income Down 51%
Shoe Pavilion, Inc. reported net sales for the first quarter of $27.3 million, an increase of 17.2% compared to $23.3 million for the same period last year. Comparable store net sales decreased 1.1% for the quarter. Net income was $198,000, or 3 cents pe
HO Sports Appoints Officers
HO Sports Company, Inc. appointed Bob McKeeman, VP operations, Sharon McMullen, VP finanace & information systems, Sherri Miller, VP sourcing & logisitics, and Gregg Vukelic, VP research & development as officers of the company…
adidas Group Posts Strong Q1 Results on Double-Digit Organic Growth
adidas Group reported that currency-neutral sales grew 40% in the 2006 first quarter, primarily due to the first-time consolidation of Reebok. Excluding Reebok, sales increased 13% on a currency-neutral basis, with higher sales in all regions. In euro ter
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