SGB Update Outdoor
Orange 21 Hits Q3 Sales Target; Misses Earnings…
Orange 21 Inc.'s net sales for the third quarter climbed 8.4% to $10.8 million compared to $10.0 million in 2004, but net income for the quarter fell to $192,000, compared to net income of $517,000 in 2004. Earnings per diluted share were two cents c
As TSA Gets its Operational House in Order in Q3…
The Sports Authority, Inc. swung to a net profit in the fiscal third quarter ended October 29, but also saw a sharp jump in net income when excluding integration costs of merging the TSA and Gart businesses in the year-ago period. The retailer appears to
Patagonia Lands Deal with MEC
Patagonia inked a deal with Mountain Equipment Co-op that will make Patagonia the largest apparel supplier to the Canadian retailer by fall 2006. The two companies have been in discussions for years, but before now, Patagonia was not featured in MEC store
Bob’s Stores Continues to Post Expanding Losses…
Bob’s Stores, which was acquired by TJX Companies out of bankruptcy in December 2003, continues to disappoint its new parent. The exodus of TJX and Bob’s senior management continued over the last few weeks after Ben Cammarata, chairman and acting CEO of
Citi Trends Posts 52% Q3 Sales Increase
Citi Trends, Inc. reported total net sales increased 51.8% to $69.9 million for the quarter ended October 29, 2005, compared with $46.0 million for the year-ago period. Same-store sales increased 25.0% on top of a 3.0% increase in the prior-year quarter.
GSI Commerce Sees Sales Jump, But Accounting Issues Prevent Translation to Bottom-Line…
GSI Commerce reported that net revenues for the third quarter were $84.9 million, a 24% increase compared to $68.6 million in the same period last year. Product sales from the sporting goods category were $38.1 million, up 28% compared to $29.8 million f
MTRiP: Mountain Resorts Seeing Strong Start to Season
Advance reservations for “room nights” at mountain resort destinations are up 4% compared to the same time last year according to data collected by the Mountain Travel Research Program (MTRiP) as of Oct. 31, 2005. The research also revealed that while mor
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
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
As TSA Gets its Operational House in Order in Q3…
The Sports Authority, Inc. swung to a net profit in the fiscal third quarter ended October 29, but also saw a sharp jump in net income when excluding integration costs of merging the TSA and Gart businesses in the year-ago period. The retailer appears to
Hartman Resigns Foot Locker CFO Post; McHugh Steps Up
Foot Locker, Inc. announced Monday that Robert W. McHugh has been named SVP and CFO. Mr. McHugh, presently the company's VP and chief accounting officer, succeeds Bruce L. Hartman who has resigned from Foot Locker, Inc. and has accepted a position at
FESI Battles EU Anti-Dumping Measures…
The Federation of the European Sporting Goods Industry is fighting anti-dumping measures under consideration by European trade commissioner, Peter Mandelson, which could severely limit footwear imports from China and Vietnam. FESI is making arguments simi
Langstaff Appointed President of adidas America
adidas-Salomon AG has appointed Rob Langstaff as president of adidas America Inc., its subsidiary in North America, effective January 1, 2006. A U.S. citizen and 14-year adidas veteran, Rob Langstaff will be in charge of all adidas operations in the Nort
Shoe Carnival Continues to Grab Women’s Business…
Shoe Carnival, Inc. posted its highest quarterly earnings in its history in the fiscal third quarter ended October 29, thanks in large part to a whopping 21.2% comparable store increase in the month of October that lifted the quarterly top-line and increa
Exel Appoints New VP of Sales for North America
Seeking to take advantage of recent momentum in its winter business, as well as expand its leadership position in Nordic Walking and other Nordic sports, Exel Sports of Finland appointed Chris Griffin to the newly created position of Vice President, Sales
