SGB Update Outdoor
Nike Fiscal Q3 Net Income Up 61% on 21% Revenue Gain
Nike, Inc. reported revenues for the third quarter ended February 29, 2004 increased 21% to $2.9 billion, versus $2.4 billion for the same period last year. Third quarter net income totaled $200.3 million, or $0.74 per diluted share, compared to $124.7 mi
REI to Open Huntington Beach Store
Recreational Equipment, Inc. (REI), a national retail cooperative providing quality outdoor gear and apparel, today announced plans to open a store in spring of 2005 in Huntington Beach, Calif. The 22,500 square-foot store will serve 45,000 active coopera
NPD: Teens Are More Value Conscious
According to The NPD Group's latest report, Buying Habits of Teens and Tweens, teens are spending much of their money at value-based stores such as mass merchants, like Wal-Mart and Target, instead of trendy mall retailers. Teens are bargain hunters.
Canari Signs an ‘Mmmm Mmmm Good’ Licensing Deal
Canari Cycle Wear has announced a licensing agreement with Campbell’s Soup to design and manufacture cycling apparel based on the popular soup brand. Judging from preseason sales, the styles are attracting a great deal of interest and support from the cy
Mizuno Expands U.S. Team Role in Golf RandD Effort
Mizuno Corporation is making a new long-term strategic commitment to the U.S. market, including an increased for role the U.S. team in the design and development of Mizuno’s global golf product line. Harry Taylor has been promoted to VP, Golf Product De
NRF: Consumers Have More to Spend from Tax Returns This Year
Nearly two-thirds of American families will find themselves with a little extra money to spend this spring. The NRF 2004 Tax Returns Consumer Intentions and Actions Survey, conducted by BIGresearch for NRF, found that 67.6% of consumers (or 145.7 million
adidas Lays Out New Strategies to Build Brand…
adidas-Salomon chairman and CEO Herbert Hainer has finally backed off his chest-pounding claims of grabbing 20% market share in the U.S. –- at least for now – and will instead focus on building a profitable business in North America…
Nike Boosts Fiscal Q3 Outlook…
While the world’s second-largest athletic brand continues to struggle in the U.S., its Portland cross-town “rival” appears to be hitting on all cylinders, issuing increased guidance for its latest quarter.
Dick’s Looks to New Strategies in Fitness, Golf and Outdoor for 2004 Growth…
Dick's Sporting Goods is laying the groundwork for another solid year ahead as it focuses its strategy on increasing business in its fitness and outdoor businesses while it leverages growth in private label to grow margins and sales. The retailer wi
Quiksilver Sets New Base for Business Growth at $1 Billion…
Quiksilver, Inc. just passed the $1 billion sales mark for the trailing twelve months and is already looking at a $3 billion business down the road as it continues to strengthen its control of its brands worldwide, takes aggressive steps to expand its own
Urban Outfitters Doubles Q4 Income…
Urban Outfitters posted an impressive quarter to round out the year. The retailer reduced costs and increased margins to turn a 49.7% Q4 sales increase, from $117.6 million to $176.7 million, into a 120% increase in Q4 net income, from $8.4 million to $18
The Footstar Store Liquidation Sales: Winners and Losers…
Now that the other shoe has dropped in the Footstar bankruptcy case with the company filing motions last week to close at least 165 stores, the conversation has turned from when FTS would file or who would buy it to speculation on who loses and who gains
Not So Fast There Mister Man…
Meanwhile, the proverbial fly in the ointment appeared in the Footstar bankruptcy case as GE Capital Corp., which holds the lease for “certain furniture, fixtures and equipment” with FTS. GECC filed a number of objections to the proposed bidding process
NSGA Cost of Doing Business Survey Calls Out Team Dealers…
The NSGA released the Team Dealers segment of their bi-annual ‘Cost of Doing Business Survey’ and according to the new data, average net profit inched up 80 basis points to 2.6% compared to 1.8% 2001. Team dealers showed positive results in return on tota
180s in Patent Fight over Ear Warmers…
180s is taking on Walgreen’s in a patent infringement case involving the company’s ear-warmers. Walgreen’s has allegedly been selling a product under the brand name ‘Ear Band’ that is identical to 180’s mainstay wrap-behind-the-head ear-warmer, which has
