SGB Update Apparel
New Stores, Comp Gains Help Golfsmith Q3 Sales…
Golfsmith International saw the addition of six new stores and a weak Q3 last year, combine to create a 15.7% jump in sales revenues for the third quarter of 2005. These revenue gains trickled down to more than double the company’s net income, though off
Patagonia Lands Deal with MEC
Patagonia inked a deal with Mountain Equipment Co-op that will make Patagonia the largest apparel supplier to the Canadian retailer by fall 2006. The two companies have been in discussions for years, but before now, Patagonia was not featured in MEC store
House Passes Budget; ANWR Saved but Other Lands Threatened
The U.S. House of Representatives passed a budget reconciliation bill by a vote of 217 to 215. Fourteen Republicans joined all voting Democrats and one Independent in opposing the bill. While the budget preserves the Arctic National Wildlife Refuge, it al
Podium Distribution Establishes Asian Subsidiary
Podium Distribution, designer, marketing and distributing arm of DVS Shoe Company, Matix Clothing, and Lakai Limited Footwear, announced its most recently established subsidiary office located in Guangzhou, China, to be named Podium Asia. This new subsidi
FESI Battles Footwear Anti-Dumping Measures in EU
The Federation of the European Sporting Goods Industry met with European Trade Commissioner Peter Mandelson to discuss the European Commission’s investigation into allegations of dumping by China and Vietnam of footwear with leather uppers and explained t
Shoe Carnival Third Quarter Income Jumps 46% on 8.3% Comp-Store Increase
Shoe Carnival, Inc. net income for the third quarter of fiscal 2005 increased 46.3% to $7.2 million compared with net income of $4.9 million in the third quarter of fiscal 2004. Diluted earnings per share increased 39.5% to 53 cents per share from 38 cent
Prince Sports Appoints Southern Region VP
Prince Sports announced the promotion of Matthew Haley to regional vice president, Southern Region. Haley started his career in the tennis industry on the teaching side, managing a professional tennis staff and tennis program for juniors and adults. Durin
Prince Sports Ranks Third in Tennis Shoes
Prince recently found itself in good company – just behind mega sports brands Adidas and Nike – rounding out the top three year-to-date dollar share for a tennis shoe brand, according to the third quarter Specialty Store Retail Audit report for string and
Foot Locker Sales Increase 3%; Income Loses Ground
Foot Locker Inc. report that sales for the third quarter increased 3.1% to $1,408 million this year compared with $1,366 million in the year-ago period. Third quarter comparable-store sales increased 2.7%. Net income for the quarter was 42 cents per share
Sara Lee Completes European Branded Apparel Sale
Sara Lee Corporation announced that it has entered into a definitive agreement for the sale of its branded apparel business in Europe to an affiliate of Sun Capital Partners, Inc. According to the terms of the agreement, the Sun Capital affiliate will pay
Volcom Shareholders File for Secondary Offering
Volcom, Inc. announced the filing of a registration statement with the SEC for a proposed offering of 5 million shares of common stock. Selling stockholders will offer all of the shares in the proposed offering and, accordingly, the company itself will re
True North Adds Turtle Fur to Client List
The Turtle Fur Group has selected True North Brand Group, Inc., Hingham, Ma., to handle its public relations and product placement campaign. The Turtle Fur Group, which includes both the Turtle Fur brand and the Nordic Gear brand, is a manufacturer of hat
Rebel Sport NZ Sales Gain Can’t Offset Other Briscoe Divisions…
Briscoe Group Limited reported that Rebel Sport sales increased 6.1% to NZ$23.7 million ($16.5 mm) for the fiscal third quarter ended October 31. Rebel Sport comp store sales increased 3.8% versus last year.
Total BGL sales were NZ$73.2 million ($51.1 mm
Sport-Haley in JV to Sell Top-Flite to Wal-Mart…
Sport-Haley, Inc. and Explorer Gear USA, Inc., a California corporation have entered into a joint venture in order to manufacture and market Top-Flite branded apparel to Wal-Mart Stores, Inc. in the U.S. The joint venture is to be formed and operated as a
Big 5 Struggles with Calendar Shift in Q3; Sales and Profits both Hurt by Loss of Key Week…
Big 5 Sporting Goods would have seen better results had it not been attempting to anniversary against a shifting retail reporting calendar, a new distribution center, and costs associated with the company’s restatement of certain financial statements. Th
