SGB Update Footwear
Under Armour Beats the Street in Q1
Under Armour, Inc. got Wall Street excited again this week following the company’s report of first quarter results. Like the news media during a Barack Obama speech, analysts and investors were quick to buy into the numbers, conveniently ignoring the lac
Nordstrom’s First Alabama Store Cancelled
Nordstrom will no longer be opening its first Alabama store in the Riverchase Galleria in Birmingham, AL. Two years ago, the company announced its intentions to open a 143,000 square foot store in spring 2012. According to various media sources, General G
Escalade, Inc. Signs New Loan Agreement
Escalade, Inc. based in Evansville, IN, announced that, on April 30, 2009, it signed a new loan agreement with JP Morgan Chase Bank, N.A. (Chase) for a senior secured revolving credit facility. The agreement includes the waiver of the company's coven
Callaway Q1 Earnings Plummet in Tough Golf Market
Callaway Golf Company reported that net sales declined 25.8% to $271.9 million in the first quarter, compared to $366.5 million in Q1 2008. Net income fell 82.8% to $6.8 million, or 11 cents per diluted share, compared to $39.7 million, or 61 cents per d
Golf Datatech National Golf Rounds Played Report: Rounds Up Slightly in March
The Golf Datatech National Golf Rounds Played Report showed that in March, golf rounds played varied vastly between regions, with participation in the Pacific, Mountain, South Central and South Atlantic regions decreasing and participation increasing in t
Under Armour Q1 Sales, Profits Jump on Boost from Footwear and Direct
Under Armour, Inc. reported that first quarter net revenues increased 27.1% to $200.0 million compared with net revenues of $157.3 million in the first quarter of 2008. Net income jumped 38.0% to $4.0 million, or 8 cents per diluted share, in the first q
Amer Sports Sees Q1 Loss Double on Americas Weakness
Amer Sports net sales decreased 2.1% to EUR 355.3 million ($465 mm)in the first quarter ended March 31. In local currencies, net sales decreased by 7%, with Winter and Outdoor net sales flat to the year-ago period, Ball Sports revenues decreasing by 8% an
Sport-Haley Names New Board Members
Sport-Haley, Inc. said two new outside board members were elected at the company's recent annual shareholders' meeting. The new directors are Samuel A. Kidston and Lloyd M. Sems. Messrs. Kidston and Sems are also beneficial shareholders of the c
L.L. Bean to Lay Off Over 200 Maine Employees
L.L. Bean Inc. plans to lay off 200 to 240 workers in Maine due to poor sales results, reported the Associated Press (AP). In a letter to its 5,400 employees Friday, the retailer said the voluntary retirement incentives it tried to enforce in February wer
Soffe Parent Swings to Profit in Fiscal Q3 on Strong Activewear Gains
Delta Apparel saw considerable strength in its Activewear segment in its fiscal third quarter ended March 28, driven by higher sales of full-package products in its FunTees business. The gains in the Activewear segment, which also includes the Delta bran
Deckers Gets Q1 Boost from Another Strong UGG Performance
Deckers Outdoor Corp. pulled past its projected sales in the first quarter as a result of the UGG brand's positive holiday momentum that has continued into spring. Consumers were introduced to new lines of UGG spring-colored boots, sandals, casuals
Under Armour Partners with Ripken
Under Armour will partner will Cal Ripken Jr. and become the official uniform provider for Ripken Baseball. Among the terms of the 5-year agreement, the Ripken Baseball complex in Aberdeen, Md. will serve as the official home of Under Armour Baseball and
Broder Warns of Bankruptcy if Swap Offer Fails
Broder Bros. Co. warned that if it doesn't get most of its noteholders to accept an offer to swap old debt for new debt plus stock, it will be forced to file a Chapter 11 bankruptcy petition…
LaCrosse Footwear Q1 Hurt by Retail BK’s
First quarter sales improved slightly for LaCrosse Footwear, but earnings fell after two key retailers filed for bankruptcy during the period…
Specialized Recalls Bicycles
Specialized Bicycle Components Inc., in cooperation with the U.S. Consumer Product Safety Commission, has announced two voluntary recalls of bicycles. Consumers are being advised to stop using recalled products immediately unless otherwise instructed…
