SGB Update Outdoor
Payless Q3 Net Improves 32% on 5.5% Comps Gain
Payless ShoeSource, Inc. posted diluted earnings per share of 43 cents for the third quarter, up from 32 cents in the year-ago period. The company recorded net earnings of $28.9 million during the quarter, a 32.0% increase from $21.9 million reported one
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
Sport Chalet Opens 45th Store
Sport Chalet, Inc. opened of its new 44,000 sq. ft. store located in the Eastvale Gateway Shopping Center at 12399 Limonite Avenue, Mira Loma, California 91752. This is the company's 45th store…
TSA Lands Eight Copelands Leases; More to Come
Copelands' Enterprises, Inc. has assigned the leasehold interests in eight former Copeland Sports retail store locations to a subsidiary of The Sports Authority, Inc. The transaction, which was approved by the bankruptcy court, is expected to be foll
Orange 21 Slips to Q3 Loss as Organic Sales Decline
Orange 21 Inc. net sales for the third quarter of 2006 increased 5.2% to $11.4 million compared to $10.8 million in the third quarter of 2005. Excluding the sales from LEM, the Company's sales declined approximately 5% due to ongoing manufacturing an
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,
Timberland Sale Rumors Swirl in the Press…
Wall Street and the business media were all abuzz last week after the Wall Street Journal published a story suggesting that The Timberland Company was exploring strategic options for the company, including a potential sale. Timberland is reportedly valued
But Foot Locker Puts an End to Rumors of Its Own Sale…
Foot Locker, Inc. on Friday put an end to rumors about a sale of the company and even hinted that they had been in the hunt for a few acquisitions themselves. Speculation of the sale of the world’s-largest-athletic-specialty-retailer to a private equity
Foot Locker to Roll Out New Family Footwear Value Format; Raises Guidance…
Foot Locker, Inc. exceeded the upper end of its earnings guidance for the third quarter even though comp store sales came in at the low end of their expectations for the period. But the big news was the revelation last week that the world’s-largest-athle
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
Sport-Haley Narrows Fiscal Q1 Loss…
Sport-Haley, Inc. saw the addition of the Top Flite business help add to its top line in the company’s fiscal first quarter, while its established Ben Hogan and Sport Haley brands both saw slight downturns. Nevertheless, the company was able to trim its
Gander Mountain Swings to Profitability in Q3…
Gander Mountain managed to turn its declining comp sales and consistently red bottom line around in the third quarter with a very solid upper-single-digit comp store sales increase and a bottom line that was actually in the black. Management said that mu
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
