SGB Update Apparel
Hurricanes Hit Gander Mountain’s Bottom Line…
While the full-line sporting goods chains are reporting solid quarters, the Hunt/Fish retailers were impacted by the heavy hurricane season during the third quarter of 2005. At the end of October, Cabela’s reported slower sales due to “the CNN effect” fo
Coleman Rolls Out New Sales Structure…
The Coleman Company is launching initiatives to strengthen its mass store sales organization, while refocusing the sales force mandate to better support its enhanced specialty store sales initiatives. Under the new structure, the mass retail effort will b
Foot Locker Still Sees Europe Drain; U.S. Pleases…
Foot Locker, Inc. looked to strong growth in the Champs and Footaction businesses in the U.S. and hints of a turnaround in the Europe business as positive long-term indicators for the company. But a decline in gross margins attributed to a promotional st
Riddell Bell Sees Strong Q3; Builds War Chest to Build Portfolio…
Riddell Bell Holdings relied on acquisitions to fuel the majority of its fiscal third quarter growth, but also managed to drive strong organic growth in both of its divisions. While reported sales more than doubled during the quarter because of these acqu
Collegiate Pacific Sees Acquisitions, Organic Growth More Than Double Q3 Sales…
Collegiate Pacific Inc. reported its results for the first fiscal quarter of 2006 ended September 30, 2005 with sales increasing 124.7% to $65.3 million from $27.7 million during the same period last year. The huge gain comes largely on the heels of the
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
