Paddlesports Retailers See Tough Season Ahead
Paddlesports season is almost upon us and it appears retailers are approaching the season with both concern and enthusiasm — depending on which end of the market they serve. Based on numerous conversations with retailers and vendors, the season will star
Study: Women’s Golf Play Held Back by Male Environment
According to the first-ever Women's Golf Market Study from Golf Datatech, LLC, almost one in three female respondents considered the average golf course to be “a very male oriented place” which inhibits more frequent play. While a majority of female
Genesco Inc. Sees ‘Choppy’ Foruth Quarter Give Way to February Strength
Genesco, Inc. described the fourth quarter as “choppy,” with the early part of the quarter described as “weak” until a few days before Christmas. Sales then reportedly accelerated through early January, then softened dramatically again. GCO ended the q
New OIA Report Stresses Importance of Land and Water Conservation Fund
Outdoor Industry Association (OIA) has partnered with 51 conservation groups to release Conserving America’s Landscapes, a new report highlighting the successes of the Land and Water Conservation Fund (LWCF) and stressing the need for full federal funding
Famous Footwear Sees Fourth Quarter Red on Heavy Markdowns
Famous Footwear logged a loss of $11.9 million in the fourth quarter as the family footwear chain ramped up promotions to retain market share and end the year with clean inventories. Sales dipped 0.5% to $312.3 million with comps sliding 3.6%…
Accell Group Profit Jumps 17%
Accell Group posted a 17.0% growth in profits in 2008 due to strong sales of bicycles, a better product mix and the acquisition of Ghost. The Dutch bicycle and fitness company reported profits of €28.6 million ($36.0 mm) compared with €24.4 million ($30.7
Foot Locker, Inc. Posts Q4 Loss on Store Closing Charges; February Comps Rise
Foot Locker, Inc. reported that total fourth quarter consolidated sales declined 11.1% to $1.32 billion from $1.48 billion in the prior-year quarter. Excluding the effect of foreign currency fluctuations, sales decreased 7.3%. Same-store sales also decl
OR Cuts Open Air Demo to One Day
Outdoor Retailer has decreased the duration of its 2009 Summer Market Open Air Demo from two days to one. This year's Open Air Demo will take place at Pineview Reservoir (near Odgen, UT) on Monday, July 20, 2009, prior to OR Summer Market's indo
Joe’s Sports and Outdoors Forced into Sale After Bankruptcy Filing
Joe's Sports, Outdoors & More, the Northwest retailer formerly known as G.I. Joe's, has filed for Chapter 11 bankruptcy protection. Initial reports indicated that the retailer, which filed under G.I. Joe’s Holding Corporation and G.I. Joe’s, Inc
LaCrosse Footwear Renews Credit Facility
LaCrosse Footwear, Inc. announced that Wells Fargo & Co. has extended LaCrosse's three-year Line of Credit Agreement, providing the same borrowing levels as the prior three-year agreement. The new Line of Credit Agreement is effective March 1, 2009 t
K-Swiss, Inc. Reports Fourth Quarter Loss, Suspends Dividend
K-Swiss, Inc. had another dismal quarter as both domestic and international sales declined in the double-digits and the only real bright spot was an 8% increase in the Performance business. Overall, the company recorded a net loss of $13.7 million, or 39
REI Postpones Opening of Arizona Store
REI plans to delay the opening of its store in Tuscon until late fall 2010. The store was scheduled to open this spring. REI spokesperson Bethany Nielson told the Arizona Daily Star that the delay was due to “developer delays.”
Golfsmith Q4 Comps, Sales Fall Double-Digits
Citing a dismal retail environment and a horrendous second half of the year for golf-related sales, management for Golfsmith International Holdings said net revenues for the fourth quarter of fiscal 2008 decreased 14.1% to $67.8 million compared to $79.0
Jack Nicklaus Sportswear Adds to Sales Team
Jack Nicklaus Sportswear, the iconic golf lifestyle brand, named two new sales reps for the Carolinas region. John Kinney will cover the Eastern Carolinas. With a sales career in the golf industry spanning 22 years, Kinney has represented such brands as G
Callaway and Acushnet Return to the Courtroom
Fresh off a recent ruling following their Pro V1 spat, Callaway and Titleist have promptly returned to the courtroom for another battle over alleged golf ball patent infringements…
