Hibbett Sports’ Q1 Earnings Climb 23.1 Percent, Comps Ahead 6.8 Percent
Hibbett Sports, Inc. reported sales increased 10.4 percent for the first quarter ended April 30, to $203.7 million on a 6.8 percent comp gain. Net income for the 13-week period climbed 23.1 percent to $21.3 million, or 76 cents a share. The improved mome
U.S. Soldiers Wearing Foreign-Made Athletic Shoes
Maine lawmakers are asking the U.S. Department of Defense to explain a procurement policy that allows U.S. service members to acquire foreign-made athletic shoes. New Balance, which operates shoe plants in the U.S., including three in Maine, has spoken ou
Product Architects Launches Wellness and Fitness Program
Product Architects, Inc., maker of the Polar Bottle, has begun a wellness and fitness program to cultivate camaraderie and foster healthy lifestyles among its employees. The initiative includes professional health consultations as well as a fitness compon
Yonex Fiscal Year Revenues Flat
Yonex Company Ltd. reported sales of ¥36.69 billion ($429 mm) for the fiscal year ended March 31, down 0.5 percent from ¥36.87 billion ($397 mm) in the prior fiscal year. The Tokyo-based maker of golf, racquet and snow sports gear reported operating incom
PPR: No Rush for Acquisitions, Asset Sales
PPR, the parent of Puma, said it will take its time in deciding whether to buy and sell assets, with the focus being on creating value for the company. It recently reached an agreement to acquire skate and surf apparel group Volcom…
Puma Takes Over Puma Bodywear and Socks Company Dobotex
Puma will acquire 100 percent of its Dutch licensee Dobotex, which develops, produces and distributes Puma socks and bodywear. Puma currently holds 50.1 percent of Dobotex' shares and will acquire the remaining stake on the 1st of January 2012…
Fila Korea Acquires Acushnet Co.
Fortune Brands, Inc. announced a definitive agreement for the sale of its Acushnet Company golf business, featuring the Titleist and FootJoy brands, to a group led by Fila Korea Ltd., the owner of the Fila brand globally, and Mirae Asset Private Equity, t
Ibex Names Mid-Atlantic Rep
Ibex Outdoor Clothing has named Dave Donahue of Kinetic Representatives as its new Mid-Atlantic sales rep covering New York, New Jersey, Pennsylvania, Delaware, Washington, D.C. and Maryland…
Nike Announces Leadership Changes at Umbro, Converse and Hurley
Nike Inc. announced that Michael Spillane, currently CEO of Converse, will become CEO and president of Umbro and Jim Calhoun, currently CEO of Hurley, will become CEO and president of Converse…
Shoe Carnival’s Q1 Comps Increase 3.4 Percent
Shoe Carnival reported sales for the first quarter increased 4.7 percent to $198.5 million compared to net sales of $189.5 million in the first quarter of fiscal 2010. Net earnings rose 7.6 percent to $9.9 million, or 75 cents per share, from $9.2 million
New Balance Creates Casual-Comfort Company
New Balance announced the creation of an independent company to accelerate the growth of company's two casual-comfort footwear brands, Aravon and Dunham, as well as create new brands in the casual-comfort space. Bob Infantino was named president of
Timberland to Open Second Store in NYC
The Timberland Company announced plans to open its second location in Manhattan, at 28 West 34th Street between 5th & 6th Avenues near Herald Square…
Cervélo Co-Founders Change Roles
After years as co-CEOs of Cervélo, owners/founders Gerard Vroomen and Phil White have decided that White will now assume sole CEO status and Vroomen will continue in his role on the board. The Canadian bike manufacturer has also decided to concentrate its
Zumiez Q1 Sales Up 18.8%; Comps Surge 12.6%
Zumiez Inc. reported net sales for the first quarter ended April 30, 2011 increased 18.8% to $105.9 million from $89.1 million reported in the first quarter ended May 1, 2010…
Masseys Launches Adventure Travel Service
Masseys Outfitters, which operates four stores in Louisiana, has teamed up with Outbound Software to create a hub for their customers to access local and destination adventures…
