SGB Update Footwear
Genesco Inc. Sees ‘Choppy’ Foruth Quarter Give Way to February Strength
Genesco, Inc. described the fourth quarter as “choppy,” with the early part of the quarter described as “weak” until a few days before Christmas. Sales then reportedly accelerated through early January, then softened dramatically again. GCO ended the q
Famous Footwear Sees Fourth Quarter Red on Heavy Markdowns
Famous Footwear logged a loss of $11.9 million in the fourth quarter as the family footwear chain ramped up promotions to retain market share and end the year with clean inventories. Sales dipped 0.5% to $312.3 million with comps sliding 3.6%…
Joe’s Sports and Outdoors Forced into Sale After Bankruptcy Filing
Joe's Sports, Outdoors & More, the Northwest retailer formerly known as G.I. Joe's, has filed for Chapter 11 bankruptcy protection. Initial reports indicated that the retailer, which filed under G.I. Joe’s Holding Corporation and G.I. Joe’s, Inc
K-Swiss, Inc. Reports Fourth Quarter Loss, Suspends Dividend
K-Swiss, Inc. had another dismal quarter as both domestic and international sales declined in the double-digits and the only real bright spot was an 8% increase in the Performance business. Overall, the company recorded a net loss of $13.7 million, or 39
Sport Chalet Amends Credit Facility
Sport Chalet, Inc. has amended its credit facility with Bank of America. Under the terms of the amendment, Bank of America has waived the company's existing event of default and certain potential defaults and amended the borrowing base, certain finan
SGMA: Participation Steady; Sales Off
In 2008, Americans continued to participate in sports, fitness and outdoor activities at roughly the same rate as prior years, but manufacturers' shipments of sporting goods in the U.S. declined by almost 4% in wholesale dollar sales according to pre
NGF: January Rounds Played Up 8.6%
The Golf Datatech National Golf Rounds Played Report showed that in January, golf rounds played varied vastly between regions, with participation in the East North Central, New England, Mid-Atlantic and South Atlantic regions decreasing and participation
West Marine Closes Year With Net Loss on Comps Slide
West Marine closed out a difficult fiscal year with a tough fourth quarter. The macro economic situation has definitely not favored the retailer as the summer months spent with extremely high gas prices crimped boating and boating sales, while the slower
McDavid Sues Adidas for Patent Infringement
On February 24, 2009, McDavid Knee Guard, Inc. filed a patent infringement lawsuit against Adidas Sales Inc. In a suit filed in the U.S. District Court for the Northern District of Illinois, McDavid claims that Adidas infringed by importing into the U.S.
Broder Bros. Hires Strategic Advisor
In light of the current market conditions, Broder Bros., Co. is looking into its financing options and has hired a financial advisor and law firm to help with the process…
Paddlesports Retailers See Tough Season Ahead
Paddlesports season is almost upon us and it appears retailers are approaching the season with both concern and enthusiasm — depending on which end of the market they serve. Based on numerous conversations with retailers and vendors, the season will star
Accell Group Profit Jumps 17%
Accell Group posted a 17.0% growth in profits in 2008 due to strong sales of bicycles, a better product mix and the acquisition of Ghost. The Dutch bicycle and fitness company reported profits of €28.6 million ($36.0 mm) compared with €24.4 million ($30.7
OR Cuts Open Air Demo to One Day
Outdoor Retailer has decreased the duration of its 2009 Summer Market Open Air Demo from two days to one. This year's Open Air Demo will take place at Pineview Reservoir (near Odgen, UT) on Monday, July 20, 2009, prior to OR Summer Market's indo
LaCrosse Footwear Renews Credit Facility
LaCrosse Footwear, Inc. announced that Wells Fargo & Co. has extended LaCrosse's three-year Line of Credit Agreement, providing the same borrowing levels as the prior three-year agreement. The new Line of Credit Agreement is effective March 1, 2009 t
REI Postpones Opening of Arizona Store
REI plans to delay the opening of its store in Tuscon until late fall 2010. The store was scheduled to open this spring. REI spokesperson Bethany Nielson told the Arizona Daily Star that the delay was due to “developer delays.”
