SGB Update Outdoor
The Finish Line Cuts Guidance for Q1 and Year on Softer Sales…
FINL shares fell 18% last week to close at $12.12 on Friday after The Finish Line, Inc. issued revised sales and earnings guidance for its first fiscal quarter ending May 27 and the full year ending March 3, 2007. The retailer reported that it now expects
Hibbett Sees Mall Challenges Impact Q1 Gains; May Look Outside Small Market Strategy for Growth…
Hibbett Sporting Goods, Inc. saw HIBB shares fall 13.5% for the week to close at $25.50 on Friday after posting a fiscal first quarter with a very slight decrease in comp store sales that fell short of analysts’ expectations. At issue is some weakness du
Zumiez Sees Near 20% Q1 Comps Jump…
Zumiez Inc. had a busy end to the company’s first quarter, posting strong sales results which converted last year’s net loss to a gain this time around and executing a two-for-one stock split of its common stock near the end of April.
Total net sales for
SportsOneSource to Launch Conference Series at SGMA Spring Market in 2007…
SGMA has partnered with The SportsOneSource Group to present a running specialty retailer conference in conjunction with the Spring Market. The conference will focus on the specific needs of the running specialty retailer in areas such as best practices,
Zumiez Hits Fast Forward Button on Expansion…
Zumiez, Inc. signed a definitive agreement to acquire action sports retailer, Fast Forward. Fast Forward operates 19 stores, 16 of which are in Texas, with one store in California and two stores in Oklahoma. The chain had sales of “slightly under $24 mill
South American Contract Dispute Will Hurt Nike’s Bottom Line…
Nike, Inc. received a less that hoped for ruling in an arbitration case arising from a contract dispute between the company's Converse subsidiary and Alon International, S.A., a former licensee for Converse in Brazil, Argentina, Paraguay, and Uruguay
Dick’s Sporting Goods Gets Super Bowl Lift in Q1; Ups Full Year Guidance on Solid Business Outlook…
Dick's Sporting Goods came out of the gate running for the start of the 2005 fiscal year, exceeding internal projections for net income as well as analysts’ expectations. DKS had issued guidance in March that estimated earnings in the 15 cents to 17
Collegiate Pacific Acquisitions and Organic Boost Q3…
Collegiate Pacific Inc. posted a strong third quarter that saw sales from the company’s acquired Dixie, OTS, Kesslers, and Salkeld (or DOKS) division combine with a “12% to 13%” organic sales increase combine to boost sales 120%. The company also launche
Another Victory for Golf Vendors Fighting Counterfeits…
Following a request by the U.S. Golf Manufacturers Anti-Counterfeiting Working Group, Chinese law enforcement officials have raided four factories and three warehouses involved in the production and distribution of counterfeit golf clubs and equipment in
Margins and Sales Decreases Leave True Temper in the Red…
True Temper Sports, Inc. posted net sales for the first quarter of $31.7 million down 1.2% from $32.1 million for the same quarter last year. Gross margin decreased 350 basis points to 36.6% of net sales from 40.1% of sales last year. SG&A expenses also d
Umbro Sees U.S. Sales Slow…
At the Umbro Annual General Meeting, Peter McGuigan, CEO, said that sales for the year are in line with expectations. International Wholesale Sales and Royalty Income are anticipated to continue to grow. Asia has delivered a “particularly pleasing perfo
SIA Retail Audit Sees Strong Finish for Snow Sports Season…
The 2005-2006 SnowSports retail season was like many of the past few years, strong in certain parts of the country and difficult in others. However, at least this year every major ski area was able to open for business for most of the season, unlike last
Congress Passes Key Conservation Issues…
The U.S. Congress last week passed several key measures that promote conservation issues in the federal budget. The House approved amendments that will help keep wetlands and rivers clean, prevent logging in wild forests, and maintain a moratorium on offs
Outdoor U. Continues Momentum in Northeast…
The most recent Outdoor University was held at Camp Becket near Becket, MA. The event drew over 74 retail attendees from 45 stores and ten states with sales reps from 55 companies offering 400 hours of instruction. Combined with its two upcoming sister ev
Implus Acquires YakTrax…
Implus Footcare, LLC acquired YAKTRAX snow and ice traction devices. Total Implus revenue with the new brand is projected to approach $70 million for fiscal year 2006. Steve Couder, national sales manager for YAKTRAX, will continue to lead sales for the n
