SGB Update Outdoor
Finish Line Sees Less Licensed; More Footwear Exclusives to Drive 2005 Gains…
The Finish Line saw shares increase 6.8% for the week to close at $36.59 on Friday after another solid quarter that saw earnings, excluding extraordinary gains and charges, jump 72% per share for the fourth quarter and 127% per share for the full fiscal y
Stride Rite Takes a Q1 Hit; Looks to Fill…
The Stride Rite Corporation had to rely on a double-digit gain in their Children’s Retail stores and a 3.0% increase in the Sperry Top-Sider business for good news in the fiscal first quarter ended February 28. Total sales for the company were down 10.5%
Forzani Enters the Gray Market World; Q4 Retail Sales Show Continued Weakness …
Forzani’s fiscal year-end report surprised more than one sporting goods market analyst this week when the company announced that it had acquired the Gen-X name and opportunity business. Just the day before, Huffy had announced that it had sold the entity
Bob Goes Direct in Canada
BOB Trailers, Inc. will begin shipping their bicycle cargo trailer and Sport Utility Stroller products from a new Kamloops, British Columbia warehouse starting April 10, 2004. Utilizing the services of a third party warehouse, NRI Distribution, Inc., BOB
CLI Taps Pentland as U.K. Airwalk Licensee
Collective Licensing International, LLC has entered into a licensing agreement with British-based Pentland to license the Airwalk® brand in the U.K. and Ireland. Under the new agreement, Pentland will serve as the master licensee for the Airwalk® brand an
Stride Rite Fiscal Q1 Earnings Down 14.8% as Sales Decline 11% for Quarter
The Stride Rite Corporation reported sales for the first quarter of fiscal 2004 decreased 11% to $136.1 million from $152.3 million in the comparable period of fiscal 2003. Net income for the first quarter totaled $7.5 million or $.19 per diluted share, a
Broder Bros. 2003 Net Loss Widens on Restrucuring Charges
Broder Bros. Co. reported that net sales for the fiscal year 2003 were $487.8 million compared to $429.7 million for fiscal year 2002. The loss from operations for fiscal year 2003 was $6.0 million, compared to income from operations of $9.8 million in f
Footstar to Sell Off Footaction Unit; Cites Lack of Nike Support
Footstar, Inc. has announced that it is moving forward with an accelerated process to sell its remaining athletic footwear operations to focus its full attention and resources on its core Meldisco business. The company also said that its decision to purs
The Hockey Company Signs Partnership Deal with American Hockey League
The American Hockey League and The Hockey Company today announced a multi-year, multi-million-dollar partnership that will serve as the foundation for the AHL's marketing, licensing and on-ice branding strategies for years to come. The agreement was
Finish Line Q4 Net Income Up 37%; Raises 2005 Guidance
The Finish Line, Inc. reported that net sales increased 30% to $305.3 million for the fiscal 2004 fourth quarter compared to $234.4 million reported for the year-ago period. Comparable store net sales increased 19% for Q4 on top of a 10% increase reported
U.S. Ski and Snowboard Team Foundation Adds Members to Board
The U.S. Ski and Snowboard Team Foundation announced Thursday the addition of seven new members to its Board of Trustees. The new Trustees are John Bloomberg, Craig T. Brown, Kenneth Gart, Bing Gordon, Scot Jarvis, Dennis Keller and Daniel E. Waters. This
Bikes Belong Executive Director Retires
Richard Olken, Executive Director of the Bikes Belong Coalition for the past five years, officially announced his retirement from the organization. Olken will work closely with the Coalition to assure continuity in its current programs during the search f
Klaus Obermeyer to Present at the International Congress on Skiing and Science
This week researchers, doctors, scientists, and coaches from around the world will convene in Aspen for the 3rd International Congress on Skiing and Science. Klaus Obermeyer, who has made numerous developments that improve the comfort of skiers over the p
Columbia Partners With Chinese Authorities in Counterfeit Raids
Columbia Sportswear Company recently joined forces with Chinese authorities in three separate raids of factories producing counterfeit Columbia Sportswear apparel. As part of an aggressive campaign to stamp out counterfeiters and protect its unique brand
Golfsmith Cuts Q4 Losses as Comps Rise 8.1%
Golfsmith International, Inc. reported net revenue for the fiscal ourth quarter ended January 3, 2004 jumped 38.2% to $61.5 million from net revenue of $44.5 million in the year-ago quarter. Comps were up 8.1% for the quarter. The net loss for the perio
