SGB Update Outdoor
REI Expands DC; Also Looks at Possible Eastern Location…
REI is beginning construction on a 144,000 square foot expansion to their distribution facility in Sumner, WA, near the co-op’s Seattle area-based corporate headquarters. All of REI’s distribution, including internet purchases and in-store pick-ups are h
Wolverine Sues to Protect Moc Patents…
Wolverine World Wide has filed a patent infringement lawsuit against Harbor Footwear and Kohl’s for allegedly violating Merrell design patents on three separate models – The Jungle Moc, Jungle Slide and Winter Moc. Harbor Footwear and Kohl's are sell
Wallenfels Starts a New Era at Mountain Hardwear…
Mike Wallenfels, VP of sales and marketing at Mountain Hardwear for the past ten years, has been promoted to president, succeeding Jack Gilbert, co-founder of the company. Wallenfels will begin in his new role on the first of the year, while Gilbert will
Dick’’s SG Q3 Hurt by Galyan’s Integration Costs…
Dick's Sporting Goods provided a bit more color on the integration costs and efforts associated with its August acquisition of Galyan’s, a merger that will somewhat surprisingly cause the closure of more Dick’s stores than Galyan’s doors. The retail
David and Goliath… or was that BikeE and Giant…
BikeE and Giant are tangled in a legal dispute over manufacturing contracts, recalls and trade secrets. BikeE was the manufacturer of a semi-recumbent bike and saw some success in the market. According to court documents, BikeE’s sales grew from $523,000
Knight Steps Down as Nike, Inc. CEO; Market Speculates on Company Future…
The sporting goods industry has had a few days to absorb the news last week that Phil Knight, Nike, Inc. co-founder, chairman, president and CEO, was stepping down from the president and CEO role at the end of the year. He will remain chairman of the Boa
GI Joe’s Sell Equity Stake to Finance Growth…
G.I. Joe’s Sports & Auto Stores has received $11.5 million in equity financing through a deal inked last week with Nogales Investors, a Los Angeles-based private equity firm. The bulk of the financing will be used to finance expansion in the Northwest, w
Foot Locker Gets Champs and Lady Lift in Q3; Europe Starts to Improve in Q4…
Foot Locker, Inc. saw improving results in some of its U.S. businesses in the third quarter, thanks primarily to Nike, while the company starts to see some improvement in its Europe business. Total sales increased due primarily to the addition of roughly
Dynacraft Hit with $1.4 Million Fine for Recall Delay…
Dynacraft Industries Inc. will have to pay the piper for delaying to report problems with its mountain bikes, agreeing last week to pay $1.4 million to settle allegations that they incompletely and belatedly informed the Consumer Product Safety Commission
Genesco Again Gets Journeys and Hat World Help to Counter Jarman Drag…
Genesco Inc. again counted on its Hat world acquisition to grow profits for the third quarter ended October, as the operating profit boost from the specialty retailer acquired in April helped push net income up more than 28% for the period. Top-line sale
When the Customer is Wrong… For Your Business…
While big-box retailer Best Buy operates in a completely different world from the Bicycle Outdoor or SnowSports industries, the company is implementing some radical new strategies that deserve some attention. Under the Guidance of Consultant and Columbia
Sport Supply Group Sees Upside in New Strategy…
Sport Supply Group is starting to see some results in its turnaround efforts after divesting itself of its team dealer operations a year ago and selling the ATEC business to Wilson Team Sports in February of this year. The move to become more of a servic
Famous Footwear Again the Shining Star at Brown Shoe Company in Q3…
Brown Shoe Company saw continued challenges in certain parts of their Wholesale business and weakness at Naturalizer Retail offset nice operating profit gains at Famous Footwear in the fiscal third quarter ended October 30. BWS beat EPS estimates by a pe
Sport-Haley Looks to Go Private; Fiscal Q1 Loss Widens Despite Sales Gain…
Shares of Sport-Haley, Inc. jumped nearly 21% for the week to close at $4.83 on Friday after the company’s Board of Directors authorized chairman Ron Norick to start negotiations with potential investment banking partners to explore the potential strategi
Golfsmith Expands Management Team; Q3 Hurt by Slowdown in Play…
Golfsmith International Holdings, Inc. reported net revenues for the third quarter ended October 2 increased 3.9% to $73.9 million compared with $71.1 million in the same period of the prior fiscal year. Same-store sales decreased 7.9% in Q3 compared to a
