SGB Update Footwear
Hurricanes Hit Gander Mountain’s Bottom Line…
While the full-line sporting goods chains are reporting solid quarters, the Hunt/Fish retailers were impacted by the heavy hurricane season during the third quarter of 2005. At the end of October, Cabela’s reported slower sales due to “the CNN effect” fo
Under Armour Posts Biggest U.S. IPO Debut in Five Years…
Under Armour hit the public markets running last week, closing up nearly 95% in its first day on the Nasdaq exchange. UARM shares, which were initially priced at $7.50 to $9.50 per share and then raised to a range of $10 to $12 early last week, opened at
Coleman Rolls Out New Sales Structure…
The Coleman Company is launching initiatives to strengthen its mass store sales organization, while refocusing the sales force mandate to better support its enhanced specialty store sales initiatives. Under the new structure, the mass retail effort will b
Foot Locker Still Sees Europe Drain; U.S. Pleases…
Foot Locker, Inc. looked to strong growth in the Champs and Footaction businesses in the U.S. and hints of a turnaround in the Europe business as positive long-term indicators for the company. But a decline in gross margins attributed to a promotional st
ICON Picks Up Jury Award Over Bowflex Claims…
A jury found in favor of ICON Health and Fitness in a court battle against Nautilus that has been on-going since August 2002. The unanimous verdict finds that Nautilus engaged in false advertising when it made three separate statements regarding its Bowfl
New Stores, Comp Gains Help Golfsmith Q3 Sales…
Golfsmith International saw the addition of six new stores and a weak Q3 last year, combine to create a 15.7% jump in sales revenues for the third quarter of 2005. These revenue gains trickled down to more than double the company’s net income, though off
House Passes Budget; ANWR Saved but Other Lands Threatened
The U.S. House of Representatives passed a budget reconciliation bill by a vote of 217 to 215. Fourteen Republicans joined all voting Democrats and one Independent in opposing the bill. While the budget preserves the Arctic National Wildlife Refuge, it al
Podium Distribution Establishes Asian Subsidiary
Podium Distribution, designer, marketing and distributing arm of DVS Shoe Company, Matix Clothing, and Lakai Limited Footwear, announced its most recently established subsidiary office located in Guangzhou, China, to be named Podium Asia. This new subsidi
Shoe Carnival Third Quarter Income Jumps 46% on 8.3% Comp-Store Increase
Shoe Carnival, Inc. net income for the third quarter of fiscal 2005 increased 46.3% to $7.2 million compared with net income of $4.9 million in the third quarter of fiscal 2004. Diluted earnings per share increased 39.5% to 53 cents per share from 38 cent
Prince Sports Appoints Southern Region VP
Prince Sports announced the promotion of Matthew Haley to regional vice president, Southern Region. Haley started his career in the tennis industry on the teaching side, managing a professional tennis staff and tennis program for juniors and adults. Durin
True North Adds Turtle Fur to Client List
The Turtle Fur Group has selected True North Brand Group, Inc., Hingham, Ma., to handle its public relations and product placement campaign. The Turtle Fur Group, which includes both the Turtle Fur brand and the Nordic Gear brand, is a manufacturer of hat
Rebel Sport NZ Sales Gain Can’t Offset Other Briscoe Divisions…
Briscoe Group Limited reported that Rebel Sport sales increased 6.1% to NZ$23.7 million ($16.5 mm) for the fiscal third quarter ended October 31. Rebel Sport comp store sales increased 3.8% versus last year.
Total BGL sales were NZ$73.2 million ($51.1 mm
Sport Chalet Bottom Line Takes Hit from Recap…
Sport Chalet, Inc. turned in another solid quarterly performance for the fiscal second period ended September 30, but saw its recapitalization efforts in the quarter wipe out otherwise stellar results. The five new stores opened since fiscal Q2 last year
Sport-Haley in JV to Sell Top-Flite to Wal-Mart…
Sport-Haley, Inc. and Explorer Gear USA, Inc., a California corporation have entered into a joint venture in order to manufacture and market Top-Flite branded apparel to Wal-Mart Stores, Inc. in the U.S. The joint venture is to be formed and operated as a
Big 5 Struggles with Calendar Shift in Q3; Sales and Profits both Hurt by Loss of Key Week…
Big 5 Sporting Goods would have seen better results had it not been attempting to anniversary against a shifting retail reporting calendar, a new distribution center, and costs associated with the company’s restatement of certain financial statements. Th
