SGB Update Footwear
Weyco Group Earnings Fall 18.6%
Declining sales and rising costs contributed to an 18.6% decline in third quarter earnings for Weyco Group Inc. The manufacturer of men's shoes said net income fell to $4.34 million, or 37 cents a share, from $5.33 million, or 45 cents, last year. Sa
Columbia Sportswear to Cut U.S. Staff by 4%
Columbia Sportswear Company announced it will lay off 75, or 4%, of its 1,800 U.S. employees in response to an 11% decline in orders for Spring 2009…
Sport Supply Group Reports Record Q1 Sales
Sport Supply Group, Inc. reported record sales of $73.6 million and diluted EPS of 35 cents for its first quarter ended Sept. 30, 2008. The nation's largest direct seller of team supplies said its elementary school business, varsity athletics sales a
Under Armour Has Robust Third Quarter, but Outlook Cut on Macro Concerns
Under Armour reported a 28.1% hike in third quarter earnings on a 24.1% revenue gain, slightly ahead of Wall Street's expectations. But the performance apparel leader lowered its fiscal 2008 outlook due to the souring economic climate…
Escalade Suffers Q3 Loss on Drop in Sporting Goods Revenues
Escalade, Inc.'s revenues for the third quarter dropped 32.8% to $40.8 million from $60.7 million in the prior year. ESCA posted a net loss of $1.4 million, or 11 cents per share, compared to net income of $3.1 million, or 24 cents, in the prior yea
Volcom Q3 Sales Growth Outpaces Profit Gains
Volcom, Inc. posted strong top-line growth in the third quarter, but decreased margins and increased expenses as a percentage of net sales caused net income to grow at little more than half the rate of quarterly net sales…
Report: Callaway Golf Lays Off 154
Callaway Golf laid off 154 employees on Oct. 18, company spokesman Michele Szynal told the San Diego Business Journal…
Jarden Outdoor Ekes Out Q3 Sales Gain; Freezes Hiring
Jarden Corp.’s Outdoor Solutions segment, which includes Coleman, Pure Fishing and the former K2 Inc. business, reported net sales of $620.1 million for the third quarter, up 1.1% from comparable revenues of $613.1 million last year…
Fleet Feet Sees 16.5% Q3 Revenue Gain
Fleet Feet, Inc.'s third quarter marked the best quarter in the company’s 32-year history, with retail sales totaling $24.8 million, up 16.5% over third quarter 2007. Year to date sales are up 17.8% through September 2008, with $67.5 million in reven
Puma Sales Increase 5.9% Currency-Neutral in Q3
PUMA’s brand sales, which include consolidated sales and license sales, reached €778.6 million ($1.07 bn) during Q3, rising 5.9% on a currency-adjusted basis or 3.3% in Euro terms. Consolidated sales in Q3 grew 9.2% to €712.7 million ($979.4 mm) on a curr
SGMA: Soccer Third Sport in Participation
According to the Sporting Goods Manufacturers Association (SGMA), there are more than 15 million soccer players in the U.S. That ranks the sport as the third most popular team sport in this country. Basketball is number one with nearly 26 million players
Amer Sports Lowers Guidance as U.S. Fitness Business Plummets
Amer Sports Oyj lowered its guidance for the year for the second time this year after reporting a 6% decline in net sales in the third quarter to €433.2 million ($658.5mm) as rapid growth in outdoor footwear and apparel and solid performance by its ball s
Soffe’s Q1 Revenues Jump 20.8%
Delta Apparel said sales of its Soffe brand climbed 20.8% in its first quarter ended Sept. 27, with all of its distribution channels achieving double digit sales growth. Overall sales in the Delta's retail-ready segment, which also includes the Junkf
Amer Sports Lowers Guidance as U.S. Fitness Business Plummets
Amer Sports Oyj said sales and third-quarter earnings fell in its Winter and Outdoor segment as rapid growth at Salomon and Arc’Teryx was overshadowed by a shift in winter equipment shipments to the fourth quarter…
Quiksilver Cut’s Rossignol Price by $78.5M, Studying Equity Sale
Quiksilver, Inc. said it expects to close on the sale of its Rossignol snowsports business in early November, albeit at a substantially lower price. Due to challenges in the global credit markets, the company said it knocked $78.5 million off the price of
