SGB Update Apparel
WSA Show Offers Little to Quell Market Concerns…
The mood at the recent WSA show was quite somber, with retailers and exhibitors alike feeling the chill of the malaise in the athletic shoe business. Foot Locker’s broad restructuring news, which broke just as the show was opening, definitely put a dampe
Escalade Sports Sees Increased Specialty Sales in Q2…
Escalade Sports saw second quarter sales increase 2.8% to $34.1 million from $33.2 million last year due to increased sales to the specialty market, which includes dealers and specialty sports retailers…
Pacific Cycle Gives Dorel a Boost in Q2…
Dorel Industries Inc. recorded a 5.3% increase in second quarter net revenues to $459.0 million from $435.9 million for the same period last year. Net income was $10.8 million or 32 cents per diluted share, down 39.7% from $17.9 million or 55 cents per di
FDA Warns Outdoor Retailers of Chili Recall
The U.S. Food and Drug Administration is warning outdoor retailers about Castleberry’s Hot Dog Chili Sauce, Austex Hot Dog Chili Sauce, and Kroger Hot Dog Chili Sauce with “best by” dates from April 30, 2009 through May 22, 2009 due to possible botulism c
Mizuno First Quarter Sales Rise 7.5%
Mizuno Corp. saw first quarter net sales increase 7.5% to ¥46.92 billion ($389.0 mm) from ¥43.64 billion (381.4 mm) in the year-ago quarter. The company said it experienced strength in Footwear, Diamond Sports and Golf, but Apparel was soft. Gross margins
Crocs to Acquire Bite Footwear
Crocs, Inc. has entered into a definitive agreement to acquire the Bite Footwear brand for $1.75 million in cash, plus a potential earn-out of up to $1.75 million based on Bite hitting certain earnings targets over a three-year period. Bite markets and se
Lululemon Prices IPO; Shares Jump 56% Day One…
lululemon athletica inc.’s initial public offering of 18.2 million shares of common stock has been priced at $18.00 per share. The shares were trading on the Nasdaq Global Select Market under the symbol LULUV and on the Toronto Stock Exchange under the sy
CenterStone Adds Icebreaker to Client List
CenterStone Technologies, Inc., an international developer of Web-based sales order management software for manufacturers of apparel, footwear, equipment and accessories, reported that Icebreaker, of Sun Valley has selected the company’s iVendix software
GSI Q2 Loss Widens on 10% Sales Gain…
GSI Commerce Inc. posted double-digit net revenue growth in the second quarter on the strength of new partners and increased service fees. Sporting Goods sales grew in the low– to mid-teens in the quarter, though slightly off the pace of past periods, wi
Implus Footcare Acquires Sneaker Balls
Implus Footcare acquired Sneaker Balls, a patented shoe deodorizing product. “The Sneaker Balls acquisition further complements our commitment as a leader in the footwear accessory market,” said Todd Vore, Implus President. “We are excited to add Sneaker
U.K.’s Sports Direct Lowers Guidance
Sports Direct International Plc, the U.K.'s biggest sporting-goods retailer, said higher interest rates and floods in Britain would cause it to miss estimates for its year ended April 2008. Net income in the year through April 29 fell 40 percent to 3
Spalding Takes Top Share in Volleyballs
Spalding reports that its volleyball dollar share within the Sporting Goods channel has spiked to 35%, up from just 7% one year ago and now takes over as the category leader. The company says its strong market sahre improvement comes from a combination of
Cybex Unveils New Minnesota Manufacturing Plant…
Cybex International, Inc. has opened a new, $15 million, 340,000 square foot eco-friendly manufacturing facility in Owatonna, Minn. This facility is expected to serve projected growth and to generate significant manufacturing efficiencies over time. The
Garmin Acquires Another International Distributor…
Garmin Ltd. plans to acquire Electronica Trepat S.A., the company’s principal distributor in Spain. The completion of the acquisition is subject to the negotiation and execution of a definitive acquisition agreement, the completion of legal and financial
Nike, Inc. Sidelines Latest Michael Vick Shoe…
Nike, Inc. last week suspended the introduction of Atlanta Falcons quarterback Michael Vick's latest shoe two days after a federal grand jury indicted him for allegedly conspiring to run a dog-fighting operation from a home he owned in Virginia. Vick
