SGB Update Outdoor
Hibbett Q1 Net Income Jumps 53.4% on 8.8% Comp Sales Gain
Hibbett Sporting Goods reported that net sales for the first quarter ended May 1, 2004 increased 21.3% to $96.5 million compared with $79.6 million for the year-ago period. Comparable store sales increased 8.8%. Net income increased 53.4% to $8.1 millio
Torpedo Sports to Liquidate Subsidiary
Torpedo Sports USA, Inc. has evaluated the future business prospects for its children's snow products and related business conducted by its wholly owned subsidiary, Torpedo Sports, Inc. of Canada, as previously announced on February 4, 2004. Followi
Big Dog Holdings Q1 Loss Widens on Acquisition Expenses
Big Dog Holdings, Inc. reported consolidated net sales for the first quarter ended March 31, 2004 were $21.9 million as compared with $15.4 million in the first quarter 2003. Consolidated retail store sales increased 43% due to the addition of $5.3 millio
The Finish Line Issues Statement After Foot Locker CEO Makes Charge
The Finish Line, Inc. issued a press release late Thursday in response to comments made by Foot Locker chairman and CEO Matt Serra on a conference call with analysts following FL's Q1 earnings release. Finish Line said they issued the statement due
Buck Knives Announces Early June Groundbreaking for New Facility
Executives of Buck Knives Inc. signed documents to commence construction on their new headquarters in Post Falls, Idaho, marking the first step toward moving their manufacturing facility from it's current home in El Cajon, CA. A staggered transition
SGMA: Apparel Sales Down on Declining Prices
Consumer spending for sports apparel declined 2.1% in 2003 to $37.0 billion, according to research by The NPD Group, but other signs indicate that consumer enthusiasm for casual, sporty clothing is on the increase. Consumers actually purchased 3% more it
NRF: More Than Half of Consumers Affected by Higher Gas Prices
Just as the retail landscape started to stabilize, rising prices at the pump are shifting consumers’ spending habits once again. Although nearly half of consumers (43.2%) do not believe gas prices will have a major impact on their spending, others are cho
Ross Stores first Quarter Sales Jump 13%
Ross Stores reported earnings per share for the 13 weeks ended May 1, 2004 of $.32, compared to $.32 for the 13 weeks ended May 3, 2003. Net earnings in the first quarter of 2004 were $48.5 million, compared to $49.3 million in the prior year period. Sale
Heyne Appointed President of Nautica Jeans
Nautica announced that Christopher H. Heyn, President, Nautica Men's Sportswear has expanded his role and will assume responsibility for the Nautica Jeans company. Mr. Heyn's title is President, Nautica Sportswear and Nautica Jeans Company. In t
Huffy Delays Q1 Earnings Release Again
Huffy has retained a third party to provide an independent review of the valuation of certain intangible assets. Although the Company has received a preliminary report, given the significant reduction in valuation, the Company has elected not to release i
American Skiing Co. Restructures Real Estate Debt
American Skiing Company has completed its real estate debt restructuring. The Company's real estate development subsidiary, American Skiing Company Resort Properties, Inc., finalized the restructuring of its $73 million Real Estate Term Facility led
Finish Line Offers Military Discount
The Finish Line now will offer military personnel and their immediate families a 10% discount on purchases made at all Finish Line store locations across America. This discount offer kicks off in conjunction with Armed Services Day, which is Saturday, May
Nike Supports the Lance Armstrong Foundation with New Program
As a tribute to Lance Armstrong's inspirational fight against cancer as well as his historic attempt at a sixth Tour de France win, the Lance Armstrong Foundation (LAF) and Nike will launch the Wear Yellow Live Strong campaign. Nike will donate $1 mi
Garmin and Columbia Sponsor the Jeep World of Adventure Sports
Columbia Sportswear Company, Garmin International, Goodyear and America Online (AOL) will join Jeep and NBC as sponsors of Jeep World of Adventure Sports, the new action-adventure sports series that debuted on NBC. As the exclusive outerwear sponsor of th
NSGA Expands Cost of Doing Business Survey…
In the bi-annual NSGA Cost of Doing Business survey, the trade organization has included backpacking and camping stores for the first time since the survey began. Also among the retailers surveyed were SnowSports shops and Bicycle specialty shops…
