SGB Update Outdoor
Accell Group Acquires Bremshey out of Bankruptcy
Tunturi, a subsidiary of Accell Group NV, has launched its own organisation for the sale and distribution of fitness equipment in Germany. Accell decided to take this step partly due to the fact that the current distributor in Germany, Bremshey, was in fi
Polartec Apex Awards Announced
Malden Mills announces the Polartec APEX Design Award winners for 2004. This award goes to the best-of-the-best Polartec based garments that will be available to consumers Fall 2004. Winners are selected based on the style, function, and fit of the garmen
VF Names New Nautica CEO
VF Corporation has named Denise V. Seegal as President and Chief Executive Officer of its Nautica division. She will assume the position held since August 2003 by Nautica founder, David Chu, who is leaving to pursue other interests.
Genesco Swings to Q2 Profit; Raise Full Year Guidance
Genesco Inc. reported net earnings of $4.8 million, or 21 cents per diluted share, for the second quarter ended July 31, 2004, compared to a net loss of $891,000, or 4 cents per diluted share, for the second quarter last year. Net sales for Q2 increased
Hibbett Q2 Net Down 6.4% on Higher Markdowns
Hibbett Sporting Goods reported that net sales for second quarter ended July 31, 2004 increased 14.1% to $81.8 million compared with $71.7 million for the year-ago period. Comparable store sales increased 2.5% in the quarter. Net income declined 6.4% to
Foot Locker Income Jumps 121% on Tax Benefit
Foot Locker reported net income for the second quarter increased 121% to 53 cents per share, or $82 million, compared with 24 cents per share, or $36 million in Q2 last year. Sales increased 12.9% to $1.27 billion compared with sales of $1.12 billion in t
PacSun Authorizes $50 mm Stock Buy-Back
Pacific Sunwear, following a regularly scheduled meeting of the company's board of directors, has authorized the company to repurchase up to an additional $50 million of Pacific Sunwear common stock. In the first half of fiscal 2004, under repurchase
Gander Mountain Q2 Pro Forma Net Loss Inches Up; Comps Up 1.8%
Gander Mountain reported total sales for the second quarter of fiscal 2004 increased 35% to $128.1 million from $94.8 million in the year-ago period. Comparable store sales increased 1.8% on top of a 15.5% increase in the second quarter of fiscal 2003. T
Brown Shoe Earnings Drop 32.4% on Flat Sales
Brown Shoe Company reported net earnings of $7.8 million for the second quarter of 2004, compared to year-ago earnings of $11.6 million, a decrease of 32.4%. Earnings per diluted share for the period were 41 cents, versus 62 cents last year. Consolidated
Sherpani Alpina Sees Dealer Base Surge
Sherpani Alpina, an outdoor company that makes backpacks exclusively for women, has seen its retail base surg to 150 dealerships in its first full season. Currently, Its retail partners include REI, Lucy Activewear, and EMS, as well as the Title 9 Sports
Columbia Signs Distribution Deal s for South Africa, Philippines
Columbia Sportswear Company has inked distribution agreements with South Africa-based Foschini Retail Group and Philippines-based Kenrich International Distributor Corporation (KIDC). These new relationships further Columbia's strategy to distribute
GSI Commerce to Sell Sporting Goods through Sears.com
GSI Commerce Inc. has entered into a definitive agreement with the Customer Direct business of Sears, Roebuck and Co. to supplement and enhance the variety of sporting goods products sold through the retailer's Web site. sears.com will supplement it
Implus Adds European Sales Director
Responding to its rapidly growing international business, Implus is adding David Wallace to its international team as Director of European Sales. David joins Implus with extensive experience in both the footwear and apparel categories with Adidas, New Ba
Nike Children’s Shoes In CPSC Recall
The U.S. Consumer Product Safety Commission, in cooperation with Nike Inc., issued a voluntary recall of about 9,000 children's athletic shoes. The Nike Get-Go and Little Get-Go children's athletic shoes, which were on the retail floor for Back
Dick’s Moving Fast on Galyans Integration; Raises Guidance
Dick's Sporting Goods does not appear to be as affected by the licensed apparel or fitness equipment issues that have caused other sporting goods retailers to reduce their expectations for the second quarter. That fact, coupled with the retailer’s i
