SGB Update Footwear
HECC Files Suit Against Warwick Mask and Equipment
The Hockey Equipment Certification Council (HECC), which was established through USA Hockey and a coalition of industry manufacturers with the aim of creating standards for rules of play and safety requirements for U.S. amateur hockey, filed a lawsuit aga
Nike Sees Ball Shortage as it Ends Sourcing with Pakistani Factory…
Nike, Inc. will be decreasing the number of hand-stitched soccer balls it brings to market after the factory that it orders the balls from failed to correct “significant labor compliance violations.” The factory, Saga Sports, is based in Sialkot, Pakista
Hi-Tec Extends Distribution Agreement in Japan
The MoonStar Company of Japan and Hi-Tec Sports PLC inked an agreement to include distribution of Hi-Tec Golf shoes in 2007. MoonStar sells its own brands and distributs New Balance, Converse, Geox, K-Swiss and Kappa
Perry Ellis Q3 Earnings Climb on Sales Decline
Perry Ellis International, Inc. third quarter revenues were $213.2 million, compared to $220.0 million, a 3.1% decline from the comparable period a year ago. For the third quarter of fiscal 2007, net earnings were $8.2 million compared to $8.1 million for
Nike Cuts Soccer Ball Production Due to Labor Violations
Nike is ceasing orders with its hand-stitched soccer ball supplier, Saga Sports, based in Sialkot, Pakistan, due to the contract factory's failure to correct significant labor compliance violations. As a result, Nike is limiting its supply of hand-st
Thule Goes Direct in Canada
After over 25 years of working exclusively with Canadian distributor Sport Dinaco, Thule will assume all distribution and sales of Thule products in Canada starting in the spring of 2007. The change is a result of Thule’s recent acquisition of SportRack,
Dick’s Sporting Goods Beats Q3 Expectations and Raises Guidance on Solid Gains…
Dick's Sporting Goods last week announced that they had beat earnings expectations for the third quarter by a factor of four, posted a comp sales gain of nearly nine percent, raised guidance for the year, and acquired the largest golf specialty retai
Easton Bell Rolls on with Strong Q3 Results…
Easton Bell Sports third quarter sales increased 81.1% to $186.5 million compared to $102.9 million in the year-ago quarter. The large increase was primarily due to $62.8 million in net sales from Easton Sports. Exclude this acquisition from the equation
Hibbett Posts Strong Q3 Despite Margin Hit…
Hibbett Sporting Goods, Inc. posted a strong high-teens increase in net sales in the third quarter, but even management admitted that they were likely a little overworried about comping against strong Katrina related sales last year as the retailer offere
Zumiez Q3 Margins Hit by New Stores…
Zumiez Inc. saw the cost of new stores, including the acquired Fast Forward business, cut into the bottom line a bit in the third quarter, but nothing to prevent the action sports retailer from posting a double-digit gain there. ZUMZ reported a 43% jump
Royal Robbins Drives Phoenix Footwear Third Quarter Results…
Phoenix Footwear Group, Inc. saw net sales for the third quarter increase 6.4% to $36.5 million from $34.3 million last year. Organic growth for the quarter was 8.8%. Top line sales growth was led by strong results at Royal Robbins and Chambers Belt, part
Johnson Outdoors Cuts Fiscal Q4 Loss Dramatically; New Product Drives Gains…
Johnson Outdoors’ operational improvements worked their way down to the bottom line for the company’s fiscal fourth quarter and the 2006 fiscal year with a mid-single digit sales increase translating to an income increase in excess of 20% for the full yea
Cascade Designs Moves on with New Leadership…
Last year, Cascade Design’s founder, John Burroughs, made the decision to consolidate all of Cascade Design’s ownership into his own hands. This set off a chain of events that included Lee Fromson, the president of the company, deciding to leave his posit
Eddie Bauer Q3 Loss Grows; Inks Deal to go Private…
Eddie Bauer Holdings’ third quarter revenues were $211.3 million, a decline of 2.8% compared to $217.3 million reported for the same period last year. Net merchandise sales were down 2.6% to $199.3 million compared to $204.7 million last year. Comparable
SSG Shareholder Suits Against Collegiate Pacific Dismissed
Costa Brava Partnership III L.P., Greenwood Capital L.P., and Greenwood Investors, L.P. each voluntarily dismissed, without prejudice, legal complaints filed against Collegiate Pacific Inc., Mr. Geoffrey P. Jurick, Thomas P. Triechler, Peter Bunger and Te
