SGB Update Outdoor
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
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
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
Cutter and Buck Named PeerNet Vendor of the Year
Cutter & Buck Inc. has been named as The PeerNet Group 2003 Vendor of the Year. The PeerNet Group is an alliance of leading promotional products and marketing companies with locations across the United States.
The New Sports Authority Sees Operational Upside, Sluggish Sales in Q4…
The format that the New Sports Authority is using to report numbers will give it some cover over the next year as the positioning of a “lost quarter” for the old TSA’s Q2 make it impossible to draw any clear full-year comparisons for the pre- and post-mer
Callaway Golf Defends its Turf
Callaway Golf Company has seized 27,000 club-heads from Newport Golf, an Anaheim, California-based entity controlled by a Jimmy Lin. A court-mediated settlement recently gave Callaway Golf over $800,000 and 28,000 other golf club components valued at mor
Apparel , Ski-Systems, and Snowboarding are Hot at Specialty Stores…
According to the most recent SIA Retail Audit for the 2003/2004 winter season, total sales for the winter sports market increased by 1.8% to $1.72 billion compared to $1.69 billion last year. Unit sales were up 4.6%, again signaling some price erosion.
Bite Footwear Adds New Midwest Reps
Bite Footwear has hired two new sales representatives to expand the company’s sales in the Midwestern region. Rick Harnisch and Steve Humphreys are the latest additions to Bite’s team….
