SGB Update Apparel
Dorel Prepares to Pass on Higher Costs…
When Canadian bicycle maker Dorel Industries Inc. declined to provide earnings guidance for 2008 last week, it was not because of concerns over demand, but the rising costs of supplies and Chinese labor, the company’s CFO told analysts. Earlier in the wee
Dick’s Sporting Goods Tempers Outlook on Weather Shifts, Weaker Economy…
Dick’s Sporting Goods Inc. reported that an abundance of cold weather in the fourth quarter slowed comp store sales growth to 2.7% for the period, cutting the golf season short. The same weather pattern is expected to cause first quarter same-store sales
A Look Inside the GSCO/FINL Settlement…
At the beginning of its quarterly conference call with analysts, Genesco chairman and CEO Hal Pennington provided an overview of the details of the settlement with The Finish Line and UBS. While the settlement calls for GCO to receive a cash payment of $
Hibbett Sports Provides a Conservative Growth Outlook after Weaker Q4…
Hibbett Sports is taking a more conservative approach to new store growth for the new fiscal year as the retailer keeps an eye on the weaker economy. The small-market-operator is starting to see more competition from the likes of Dick’s Sporting Goods an
Hanesbrands Inc. Joins the FLA…
Hanesbrands Inc., the parent of Duofold, and Champion, joined the Fair Labor Association and will undergo the FLA’s two-year implementation process for accreditation of the company’s global social compliance program. Participating companies in the FLA are
Under Armour Relaunches Power in Pink Campaign
As part of its “Power in Pink” campaign, Under Armour is launching the second annual Undeniable Survivor Search in the U.S. and Canada. To help raise awareness of the importance of leading a physically active life in the fight against breast cancer, Under
Zumiez Sees Fourth Quarter Sales Grow, But Expects Tough H1 Ahead…
For the fourth quarter, net sales totaled $126.6 million, an increase of $14.2 million or 12.7%, compared to $112.4 million in last year's fourth quarter. When the additional week from fiscal 2006 is excluded, net sales were up 18.5% in the fourth qu
Adams Golf Sales Grow Double-Digits for Q4 and Full Year
Adams Golf saw net sales jump 24% to $94.6 million for the year ended December 31, 2007, from $76.0 million for the year ended December 31, 2006. The company reported net income of $9.4 million, compared to net income of $9.0 million for 2006. For the fou
Adams Golf to Trade on NASDAQ as ‘ADGF’
Adams Golf has had its application for listing approved by The NASDAQ Stock Market. The company's common stock will now be traded on The NASDAQ Capital Market under the symbol “ADGF.” The Company expects its common stock to begin trading on Thursday,
The Buckle Reports 31.7% Q4 Net Income Jump
The Buckle, Inc. reported a 31.7% rise in net income for the first quarter to $29.1 million, or 98 per cents share (94 cents per share on a diluted basis), compared with $22.1 million, or 77 cents per share (73 cents per share on a diluted basis) for the
City Sports Acquired by PE Firm; Hanaka Takes Board Seat
City Sports has been acquired by Highland Consumer Fund, with the firm also supplying City Sports with a substantial growth equity investment. The move will enable City Sports to further invest in its growth strategy and enhance its leadership position in
Dick’s Sporting Goods Q4 Net Income Beats Estimates
Dick's Sporting Goods said fourth-quarter net income rose 8% to $73.2 million, or 62 cents a share, topping recent guidance calling for 60 to 61 cents a share. A year ago, the company posted net income of $67.7 million, or 60 cents a share, for the f
OGIO Files Suit Against Callaway for Patent Infringement…
OGIO is taking Callaway to task over alleged patent infringement regarding its Woode Club Management system, which was issued patent number 6,877,694 B2 in April 2005. The company filed papers with the State of Utah's Federal District Court on Februa
Gildan’s Activewear Gets Boost from Prewett Deal to Bolster Fiscal Q1 Revenues…
Gildan Activewear Inc. reported sales in its first quarter climbed 34.8% to $250.5 million from $185.8 million a year ago. The gain was due to an increase of 92.7%, or US$39.4 million, in sock sales due to the acquisition of V. I. Prewett & Son and new re
OBIT: Ted G. Robinson
Theodore (Ted) G. Robinson, a past president of the American Society of Golf Course Architects, died Sunday March 2, 2008 at his home in Laguna Beach, CA after a 10 month battle with pancreatic cancer. He was 84…
