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…
Adventure 16 Closes Two Stores
Adventure 16 has recently closed two of its seven doors. John D. Mead, president of Adventure 16, told SportsOneSource that its store in Costa Mesa, CA, was closed on Feb. 23 while its store in Torrance, CA, closed in December…
John F. Lundgren Named to Board of Directors at Callaway
Callaway Golf Company announced that John F. Lundgren has been appointed to the company's board of directors. He will begin serving immediately and will stand for election for a full one-year term at the company's 2009 annual meeting of sharehol
Senators Introduce FDA Food Safety Act to Congress
Earlier this week, the FDA Food Safety Modernization Act was introduced to Congress in response to one of the largest food recalls in the nation’s history – the recall of Salmonella-tainted peanut butter products. This bipartisan bill proposes an increase
SGMA Seeks $100 million in PEP Support
A delegation met on March 4th with members of Congress in Washington, D.C. to talk about what can be done to ‘Get America Moving’ as part of the 10th Annual National Health Through Fitness Day. The group included one Heisman Trophy winner; three Olympic g
