SGB Update Footwear
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
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
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
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
Shoe Pavilion Swings to Profit in Q3 on Solid Comp Sales Gain…
Shoe Pavilion announced comparable store net sales for the third quarter ended October 1 increased 7.8% versus the same period last year. Net sales for the third quarter increased 20.1% to $24.8 million from $20.7 million for the year-ago period. SHOE pos
Footstar Sees Q3 Sales Fall 13%; Narrows Net Loss
Footstar, Inc. reported that net sales decreased $24.3 million, or 13.1%, to $161.7 million in 2005 compared with $186.0 million in 2004. A 9.6% comparable store sales decline in Shoemart during 2005 accounted for $15.7 million of this decrease and the cl
adidas Group Picks Up More Momentum in U.S. Market…
adidas shrugged off a number of questions about its planned acquisitions of rival Reebok International, instead focusing its attention last week on its continued positive trend in North America and a surging Asia/Pacific market. The company, which divest
Bike Sales Fall at Pacific Cycle in Spite of Gas Price Hike…
Dorel Industries reported that third quarter revenue in its Recreational/Leisure Segment decreased 33.7% to $70.8 million compared to last year's $106.8 million. Earnings from operations dropped 57.4% to $6.3 million compared to $14.7 million last ye
American Skiing Co. Fiscal Year Net Loss Widens Despite Strong Season…
American Skiing Company’s 2005 fiscal year revenue fell 2.7% to $276.5 million, compared with $284.1 million in fiscal 2004, primarily due to shortfalls in real estate sales. Resort revenue grew 6.6% to $267.3 million versus $250.7 million for fiscal 2004
