SGB Update Footwear
Euler Hermes: Business Failures Expected to Increase in 2006
The Global Index of Business Failures created by Euler Hermes credit insurance is expected to rise by 1% next year, following a slowdown in the reduction of business failures during 2005. The index suggests an increase in casualties during 2006 in the mai
Genesco Continues to Score Big in the Mall…
Genesco Inc. was able to overcome tough comparisons to a strong third quarter last year, and challenges from hurricanes and rising gas prices this year, to deliver a solid top-line effort in the quarter ended October 29. The company saw balanced sales gr
Famous Footwear Posts Solid Q3 Despite Weaker BTS Athletic Business…
Brown Shoe Company moved further into its strategy to strengthen its specialty retail and wholesale businesses in the third quarter, but the expenses attributed to the changes had less of an impact than they did in the second quarter. Excluding after-tax
Sport-Haley Narrows Fiscal Q1 Loss on Cost Cutting Measures…
Sport-Haley cut its net loss for the fiscal first quarter ended September 30 to only $426,000, or a loss of 16 cents per share, compared with a net loss of $1,276,000, or 52 cents per share last year. This improvement was achieved in spite of a considera
The Acquisition Environment Heats Up Again…
The pace of acquisitions in the Outdoor, SnowSports, and Action Sports industries appeared to have eased after two years of heavy activity, but just when the tempo seemed to have peaked, a flurry of new deals came through that surpassed what many thought
Timberland Increases Anti-Counterfeit Efforts
The Timberland Company unveiled several new components of its program to combat the distribution of imitation Timberland products. The program is designed to raise awareness about counterfeit goods and the importance of product authenticity, and also incl
Strong Third Quarter Comps Boost Genesco’s Bottom Line
Genesco Inc. earnings before discontinued operations were $16.2 million, or 62 cents per diluted share for the third quarter, compared to $12.4 million, or 49 cents per diluted share last year. Net sales at Journeys rose 11% to $153 million. Same store sa
K2 and Marmot Complete Apparel Consolidation in Santa Rosa, Calif.
All sales, marketing and product development operations of the K2 Snow apparel brand have fully transitioned from K2 Sports in Vashon, Wash., to operate under Marmot in Santa Rosa, Calif. K2 Inc., parent company of K2 Sports, acquired Marmot in 2004 to es
NRF Ups Holiday Sales Forecast
The National Retail Federation (NRF) announced that it has revised its holiday sales forecast as a result of a recent flurry of healthy economic indicators including strong October retail sales and falling gasoline prices. NRF now expects total holiday r
Hibbett SG Sees a Nice Lift from Hurricane Katrina…
While the balance of the sporting goods channel is working their way back to profitability after a tough Q2, Hibbett Sporting Goods just kept the momentum going, even indicating a sharp uptick in business from the impact of Hurricane Katrina. While the r
Dick’s SG Finds the Right Formula for the Galyan’s Doors and Outdoor Business…
Dick's Sporting Goods reported its second full quarter since it completed the conversion of the acquired Galyan’s stores to the Dick's Sporting Goods format, and the first since it moved to support those stores with the marketing spend generally
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
