SGB Update Outdoor
Finish Line Downgrades Q2 Sales and Earnings Outlook…
The Finish Line, Inc. downgraded its expectations for the second quarter with sales now targeted in the range of $335 million to $339 million, compared to $341.6 million last year and previous guidance of $352 million to $362 million.
In comp terms, the c
The Athlete’s Foot to Become Central Franchising
Two years ago Bob Corliss and the management team from The Athlete’s Foot acquired the company from the French holding company, Rallye Group, and subsequently worked to turn the ailing retailer and franchisor around. Shortly after the acquisition, the com
Barington Picks Up Warnaco Stake; Seeks Improvements…
The Barington Group has acquired approximately
5.6% of the common stock of The Warnaco
Group, Inc. Barington stated in a filing
with the SEC that it believes Warnaco to be
undervalued and that it wishes to engage in
discussions with senior management conc
Famous Footwear Comps Dip in Second Quarter on Weaker Athletics, but Earnings Jump 28%…
Famous Footwear just missed a seventh straight quarter of comp store sales increases in the second quarter as comps dipped 0.1% for the after a 2.2% increase last year. The retailer continued its efforts to keep inventories clean, but was did not see the
Moonligh Graham to Open NYC Shop
The Denim Apparel Group DBA Moonlight Graham has signed a retail store lease for a shop in SoHo in New York City with an opening expected before the middle of September. The store is located at 276 Lafayette Street New York, New York 10012…
Genesco Lowers Guidance on Weaker Urban Biz…
Genesco saw a softening business in the urban markets impact results at its Underground Station and Hat World units in the second quarter, but strength at the Journeys division and GCO’s wholesale businesses offset the weakness elsewhere. While the compan
Pacific Brands Footwear Division Leads Sales Gains…
For the fiscal year, Pacific Brands Limited saw branded sales increase 9.3% to AUD$1.51 billion ($1.23 bn), which includes sales from acquisitions made during the year. Total net sales improved 6.8% to AUD$1.62 billion ($1.22
bn). Regionally, revenues in
RECALL: Weightlifting Bars
The CPSC and York Barbell Co. are recalling about 3,300
Olympic Weightlifting Bars. Due to a defect in the sleeve
mechanism, the bar can break under the pressure of
significant weight, which could injure consumers and
by-standers. York Barbell has receive
NSGA Expands Sporting Goods Buying Guide
The National Sporting Goods Association launched the expanded NSGA Sporting Goods Buying Guide, providing more than 22,000 retail stores direct and immediate access to this unique search tool. The expanded guide features an array of sporting goods product
Teva Supports Waterkeeper Alliance
On August 10, at the 25th annual Outdoor Retailer Summer Market, Teva made a contribution to the Waterkeeper Alliance deepening its environmental commitment. Executive Director Steve Fleischli was on hand at the tradeshow to accept a check in the amount
G.I. Joe’s Plans Two New Stores
G.I. Joe’s has plans to open two new locations. The Bellevue and Kirkland, Washington stores are each scheduled to open in early Spring 2007, and will both be considered flagship stores due to their size, breadth of selection, and wide array of specialty
Golfsmith Adds Whole Foods CFO to Board
Golfsmith International Holdings, Inc. appointed Glenda Chamberlain, executive vice president and chief financial officer at Whole Foods Market, Inc., to its board of directors…
Johnson Outdoors Resumes Work at Binghamton Plant
Johnson Outdoors Inc. has resumed manufacturing operations at its Binghamton, New York plant. Heavy rains caused massive flooding in parts of the Northeastern United States in late June, forcing the company to temporarily close the plant…
Asics Wins Preliminary Injunction Against Payless
ASICS America Corporation and ASICS Corporation Japan have been granted a motion for preliminary injunction enjoining Payless Shoesource, Inc. from infringing the ASICS Stripe Design Trademark…
Finish Line Cuts Q2 Sales and Earnings Guidance
The Finish Line, Inc. revised sales and earnings guidance for its second quarter ending August 26, 2006. The Company expects to report consolidated net sales for Q2 in the range of $335 million to $339 million, compared to $341.6 million reported for the
