SGB Update Apparel
Weakening Direct Sales Hinders Golfsmith in Q3
Due to a significant drop-off in direct sales and stiffening competition in the golf retail industry, Golfsmith International Holdings, Inc. struggled to generate sales growth for the third quarter…
TaylorMade-adidas Golf Sees Putters Drive Strong Q3
Currency-neutral sales for the TaylorMade-adidas Golf business grew 12% to €197 million ($297 mm) in the third quarter from €190 million ($261 mm) in Q3 last year. When measured in euros, sales grew 3.7% for the third quarter. Management noted that the co
Speedo’s Revenues Sink 9.5% Due to Timing Shift
Third quarter wholesale revenues for Speedo fell 9.5 % to $25.1 million due to a decrease in sales to membership clubs, department stores, chain stores, mass merchandise and off-price channels, primarily due to timing of orders and shipments. These declin
Heelys Explores Strategic Alternatives After Tough Q3
Heelys Inc. has retained Houlihan Lokey as financial advisor to evaluate possible strategic alternatives to increase shareholder value. It also reported a sharp Q3 earnings decline on a 52.3% revenue freefall…
Nautilus Sees Direct, Commercial Sales Hurt Q3
Sales continued to fall steeply at Nautilus, Inc. in the third quarter ended Sept. 30 due to weakness in both the direct and commercial businesses, where sales dropped 34% and 4.5%, respectively…
Dorel’s Pacific Cycle Unit Thrives in Q3
Dorel Industries reported sales of its Pacific Cycle division to mass merchants were stronger than expected in the third quarter, but said it had to delay orders for new Cannondale models due to supply constraints. Q3 orders for Cannondale’s 2008 models w
OIA Weighs Pros and Cons of Democratic Victory
After its first election, the Outdoor Industry Association’s Political Action Committee is batting 811. Nine of 11 incumbent Congressional candidates it backed in last week’s election were re-elected. The PAC has raised roughly $25,000 so far this year fr
West Marine Q3 Revenues Drop
West Marine had a difficult third quarter as sales declines through all three of its channels of distribution led to an overall net sales decline of 4.3%. Overall net sales totaled $180.3 million for the third quarter. Net income for the quarter dropped 4
Deckers Discusses Broadening Product Line, Retail Plans and Tougher Patent Enforcement at Annual Investors’ Day
Deckers Corp. laid out three main opportunities for growth of its juggernaut Ugg brand at its annual investors’ day last week and provided updates on its plans for Simple, Teva and Tsubo. The company expects to open up to 30 shops in the United States, A
Dorel’s Pacific Cycle Unit Thrives in Q3 As Cannondale Misses 2009 Shipments
Dorel Industries Inc. reported sales of its Pacific Cycle division to mass merchants were stronger than expected in the third quarter, but said it had to delay orders for new Cannondale models due to supply constraints. Q3 orders for Cannondale’s 2008 mod
Big 5 Third Quarter Comps Decline, Cautiously Prepares for ’09
For the fiscal 2008 third quarter ended Sept. 28, net sales for Big 5 Sporting Goods Corporation declined 3.5% to $223.2 million while comps declined 6.6%, primarily due to a decrease in customer traffic. The declining results and tighter credit markets c
Zumiez October Comps Drop 13.1%, Net Sales Rise 1.2%
Zumiez Inc. had comparable store sales decrease 13.1% for the four-week period ended Nov. 1, 2008 and total net sales increase 1.2% to $25.0 million. The significant drop in comps caused the company to re-think its fourth quarter expectations…
Broder Bros. Shrinks Q3 Loss
Broder Bros., Co. reported third quarter 2008 net sales inched up 2.4% to $252.3 million from $246.4 million a year ago. Income from operations was $7.8 million compared to a loss from operations of $3.1 million for the third quarter 2007. The Q308 net lo
PacSun’s October Comps Drop 10%, Sees Q3 Loss
Pacific Sunwear of California, Inc. reported that total PacSun sales for the four weeks ended November 1, were $69.3 million, a decrease of 10% from sales of $76.7 million a year ago. Same-store sales decreased 11% during the same period. The retailer now
Filson to Open Portland Store Nov. 15
Filson will open its third U.S. retail location on Saturday, Nov. 15 in Portland, Oregon's vibrant Pearl District. The 2,400 square-foot space in the historic Confectionery Building joins Filson’s first store in Seattle, where the company was founded
