SGB Update Footwear
ASICS Sales Up 16% in 2008; Expects Better 2009
ASICS Corp. saw strength across the globe drive sales for fiscal 2008, as footwear and equipment both grew, but apparel sagged slightly. Overall, the company reported a 16.3% jump in net revenues for the fiscal year ended March 31 to ¥226.17 billion ($1.9
Mizuno Reports 7.6% Increase in 2008 Net Sales.
Mizuno Corp. reported net sales for the fiscal year ending March 31, 2008 increased 7.6% to ¥174.02 billion ($1.53 bn) from ¥161.70 billion ($1.38 bn) the year before. Operating income jumped 13.8% to ¥7.86 billion ($69.0 mm) from ¥6.90 billion ($59.1 mm)
Shimano Rides Cycling to Strong Sales Increase in Q1
Shimano Inc. said net sales at its cycling business rose by ¥7.8 billion ($7.4 mm), or 22%, to ¥43.3 billion ($411 mm) in the first quarter ended March 31. Fishing tackle net sales, however, dipped by ¥142 million ($1.4 mm), or 1.2%, to ¥11.4 billion ($10
K-Swiss to Acquire Palladium
K-Swiss Inc. plans to acquire French fashion footwear company Palladium SAS. The company will buy a 57% stake in Palladium from Palladium shareholders by July 1 at a price of 5.3 million euros, or $8.3 million, including a loan of 3.6 million euros, or $
Negative Comp Drags Down First Quarter Bottom Line for Zumiez
Zumiez Inc. reported a mid-teens increase in net sales for the first quarter as the addition of 21 new stores offset comparable store sales that came in just below flat. The negative comp hurt the bottom line as well, de-leveraging occupancy costs and dr
Pacific Sunwear Exits demo Business; Cuts Guidance
Pacific Sunwear had the closure of its demo and One Thousand Steps stores eat into the bottom line, as closure expenses accounted for more than $25 million of the reported loss for the period. For continuing operations, PSUN saw a loss of $12.0 million,
The Long, Cold Winter Boosts Q1, but Now Hurts Spring Apparel Sales
Many specialty outdoor retailers had a much more profitable first quarter this year as a record snow pack and cold weather helped them clear winter merchandise, often at much higher margins. But the long, snowy and cold winter has also stunted planned spr
Columbia Trims HQ Staff
The Oregonian reported that Columbia Sportswear trimmed headcount at its headquarters near Beaverton through layoffs and voluntary buyouts. The newspaper said company spokesman John Fread would not say how many workers took the buyout offer or were cut i
Patagonia Exits Paddlesports
Patagonia told retailers last week that it was exiting the paddlesports business and put all its 2008 product on close-out….
Axis Outdoors Closing Doors
Axis Outdoor, which has distributed Granger’s Waterproofing and Bluedesert hydration systems in the United States, is closing its doors…
NSGA: Athletic Footwear Tallies $17.4 Billion in 2007
Retail sales of athletic footwear have surpassed the $17 billion mark for the first time, reaching $17.4 billion, an increase of 2.7% versus 2006, when sales were $16.9 billion, according to the National Sporting Goods Association’s just-released “Sportin
NSGA: Athletic FootwearTallies $17.4 Billion in 2007
Retail sales of athletic footwear have surpassed the $17 billion mark for the first time, reaching $17.4 billion, an increase of 2.7% versus 2006, when sales were $16.9 billion, according to the National Sporting Goods Association’s just-released “Sportin
SGMA: Sporting Goods Sales in Canada Grow to $7.5 bn in 2007
According to the Canadian Sporting Goods Market Report, distributed by SGMA, sales continue to increase for our neighbor to the north. Sales last year rose to $7.5 billion, up from $7.4 billion in 2006. The estimate includes sales of sporting goods equipm
Sport Chalet Partners with California Dive Shop
Sport Chalet, Inc. has entered into a joint training and operations agreement with Ocean Enterprises, a specialty dive center headquartered in San Diego, CA. Under the partnership, Sport Chalet and Ocean Enterprises will work together on employee and dive
Coleman Donates 1,000 Tents to Chinese Quake Victims
The Coleman Company, Inc., a unit of Jarden Outdoor Solutions, recently donated 1,000 Coleman tents for aid to people displaced by the massive May 12 earthquake in Sichuan Province, China…
