SGB Update Outdoor
The Finish Line Will Crush Q1 Earnings Guidance; Ups Full-Year Estimates…
Based on the first quarter sales report issued last week, The Finish Line is upping its earnings guidance for Q1 and the balance of the year…
Puma Recovers After Share Sell-Off…
Shares at Puma AG rebounded a bit by the end of the week after falling Monday on news that the company’s largest shareholder Monarchy/Regency Enterprises, put its entire 39% holding up for sale. Puma closed down 3.6% for the week to close at €83.70. Gol
Reebok Looks To Build Global Image…
Reebok International held its Annual Investor Conference on Wednesday, playing to a crowd eager to hear more about the company’s plans to capitalize on its recent gains in the market — and on the street.
Dillard’s May Comp Store Sales Decrease 7.0%
Dillard's, Inc. announced that sales for the four weeks ended May 31, 2003 were $536,644,000 compared to sales for the four weeks ended June 1, 2002 of $576,754,000. Sales decreased 7% on both a total and comparable store basis for the four-week peri
New Balance Confirms Moretz Deal…
As reported here after the last Super Show, New Balance has officially confirmed that Moretz Sports will be its licensee to performance socks. The deal, which will be effective in January 2004, will see Moretz “manufacture, market and distribute New Bala
Post-War Consumers in Buying Mood…
According to report recently released by The NPD Group, U.S. consumers seem willing to spend more on Footwear and Apparel in the 90-day period from May through July. The post-Iraq War study found that the consumers surveyed were more willing to get out a
Asia Strategy Seen in Malden Recovery…
Reuters was reporting on Friday that Malden Mills expects to post a $9.8 million profit in its first full year out of bankruptcy protection. The company expects a $9.0 million loss in 2002…
Heavier Inventories Drive Retail Pricing Power Index Lower…
Retailers seem to be looking to brighter times ahead if the latest Retail Sector Performance Index is any indication. But increasing retail inventories and reduced traffic look to dampen profits as pricing comes under pressure.
Callaway Settles in Knock-Off Scam …
Callaway Golf has settled its action against the minor players in a knock-off scam. The company said that Shirley Tsou and GolfCo and Alex Mowry and National Golf Liquidators have agreed to a permanent injunction prohibiting them from selling “Big Easy”
Variflex Up On In-Line Skate Deal…
Variflex shares skyrocketed last week on much higher volume, gaining almost 47% for the week to close at $5.55 on Friday. The run-up appeared to be due to the impressive results reported for the company’s fiscal third quarter, with sales jumping over 55%
Golfsmith Swings to First Quarter Loss; Acquires Zevo Brand…
Golfsmith is the latest retailer to report that online sales are getting a larger percentage of total sales.
The operator of 26 golf “Superstores” now sees retail store sales account for 54.7%, or $25.0 million, of its business versus 56.7% for the last
GolfGear Doubles Q1 Loss…
GolfGear International Inc. saw net sales in the first quarter rise 44.3% to $545,245, compared to $377,780 for the same quarter last year. The company had a net loss of $502,601 in Q1, compared with a $240,290 net loss in the year-ago period. The full
Kappa Taps New Partners…
BasicNet, the Italian sportswear firm, said its Kappa Spain unit has signed a deal with Spanish sporting goods distributor Proged to distribute BasicNet’s Kappa and Robe di Kappa brands in Spain, Portugal and Andora. Another deal was struck with the new
G-III Sees Q1 Gains on Factory Closure…
G-III Apparel Group reported net sales for the fiscal 2004 first quarter jumped 47.4% to $18.7 million, compared to $12.7 million in the year-ago period. The company narrowed its net loss for the period ended April 30th to $2.6 million, or ($0.38) per sh
Adidas Sees Q3 Pickup in U.S…
The CFO at adidas-Salomon AG hinted on Tuesday that the company expects stronger fourth quarter sales in sales in the U.S. fueled by higher third quarter orders. Chief Financial Officer Speaking at a conference in Frankfurt, CFO Robin Stalker said that t
