SGB Update Footwear
Falling Crude Prices, Container Rates Not Expected to Provide Much Margin Relief
Neither brands nor retailers are expecting falling oil prices and container shipping rates to provide meaningful margin relief in coming quarters, according to executives that spoke with Sports Executive Weekly last week.
Most said any savings on shipp
Used Equipment Sees Increased Consumer Interest
The credit crisis, see-sawing stock market and upcoming presidential election are causing consumers to monitor their wallets during these uncertain times. As a result, consumers find themselves looking for cheaper ways to purchase sporting goods, as well
Zumiez Q2 Sales Increase Despite Apparel Struggle
During the Wachovia Consumer Growth Conference on Oct. 15, Zumiez President and CEO Rick Brooks stressed that the company is on track, despite the tough economic times, to reach its goal of 800 stores…
PacSun Feels Economic Heat; Changes Focus
Pacific Sunwear sales are off 20% so far in the third quarter in those parts of the country hit worst by the subprime mortgage meltdown, said SVP and CFO Mike Henry…
Golfsmith Senior VP-merchandising Resigns
Golfsmith International Holdings, Inc. said that on Oct. 15, Frederick Quandt, SVP-merchandising for Golfsmith International Holdings, Inc., gave a notice of resignation to the company…
J.H. Whitney and Co. Acquires Igloo Products Corp
Igloo Products Corp. has been acquired by J.H. Whitney & Co., a private equity firm based in New Canaan, CT that also owns a major stake in Eastern Mountain Sports. Gary Kiedaisch, previously CEO of the Coleman Company and a 35-year industry veteran, will
Wolverine Bolsters Patagonia Footwear Team
Wolverine World Wide’s Outdoor Group promoted Craig Throne from GM of its Patagonia Footwear brand to VP of global marketing and replaced him with Bill Dodge, who oversaw Timberland's former GoLite Footwear venture. Dodge will oversee all business op
Investor Fighting to Preserve Ski Resort Company
Fortress Investment Group, a publicly traded hedge fund, is seeking to refinance $1.68 billion in debt due next week by its Intrawest unit, London's Financial Times reported. Canadian-based Intrawest is the largest operater of ski resorts in North Am
Bon-Ton Predicts Low FY08 Results
The Bon-Ton Stores, Inc. said that based on fall season sales trends and continued expectations for a soft holiday season, it believes its full-year fiscal 2008 financial results will be at the low end of the previously stated guidance range. Guidance pro
Court Dismisses Tobacco Claims Against Amer Sports
The District Court of Helsinki has dismissed all claims for damages based on Amer Sports Corporation's already discontinued tobacco business. The District Court of Helsinki ordered the plaintiff's to compensate all the legal costs Amer Sports Co
The SportsOneSource Debate: The Election…
Turns out our industry is about as divided as the rest of the country around which Presidential candidate is best qualified to steward our country. Late last week, SportsOneSource queried subscribers asking how the election of John McCain or Barack Obama
TaylorMade-adidas Golf Company to Acquire Ashworth, Inc.
The adidas Group and Ashworth, Inc. announced that the TaylorMade-adidas Golf business segment has entered into a definitive agreement to acquire all of the outstanding shares of Ashworth, Inc. for $1.90 per share in cash. The transaction value is $72.8 m
BPSA Releases Schedule for 2009 Bicycle Leadership Conference
The Bicycle Product Suppliers Association (BPSA) announced a preliminary agenda for its 2009 Bicycle Leadership Conference (BLC) to be held in conjunction with the Sea Otter Classic, Apr. 15-17, 2009, at the Embassy Suites in Seaside, CA….
Industry Exhibits Silver Lining Amidst Stock Market Travesty
As the media highlighted the historic downturn last week as the worst week ever in the market, there were actually a few positives to be taken from the data compiled on Friday. Crazy swings are often seen as an indicator of a market that is looking for t
Buckle Continues Comps Hot Streak, But PacSun and Zumiez Down
Pacific Sunwear of California Inc. reported that sales of $91.2 million for fiscal September decreased 4% from sales of $95.1 million in the year-ago period. Comps for the same period decreased 5%. The numbers include only results from the company’s PacSu
