Wal-Mart Q4 Sees Steady Net Sales
Wal-Mart Stores, Inc. said net sales for the fourth quarter ended Jan. 31, 2009 were $107.99 billion, an increase of 1.7% from $106.21 billion in the fourth quarter last year. Income from continuing operations for the quarter was $3.792 billion, a decreas
PROBAR Moves to Salt Lake City
PROBAR has said it will be relocating from the Park City area to a new and larger facility in Salt Lake City this month. Effective Feb. 16, 2009, PROBAR will call 4752 West California Ave, Suite 1000, Salt Lake City, their new home. During the transition
Cybex Posts Fourth Quarter Loss After Charge
Cybex International, Inc., reported a fourth quarter decline in sales and expects first quarter 2009 results to be similar due to the current “general economic conditions.”..
Electronic Arts Lends Names to Sports Toys
Electronic Arts, best known for its sports-themed video games like Madden NFL football and NBA Live basketball, is teaming up with Toy Island to create a line of athletic toys aimed at teaching kids how to play sports. The toys will use infrared sensors a
New Rep Joins Suunto
Judd Feingold of Up East Sales is now part of the Suunto Sales team. Feingold’s territory includes Massachusetts, Connecticut, Vermont, New Hampshire, Rhode Island and Maine. Feingold has been in the New England territory for 7 years and brings plenty of
Gildan’s Q1 Earnings Tumble, Suspends Guidance
Gildan Activewear reported that fiscal first quarter net income tumbled 84.6% for the period ended January 4, primarily due to significantly lower unit sales volumes, combined with higher cotton and energy costs, and unfavorable product mix…
Phoenix Footwear CEO Resigns
Phoenix Footwear Group CEO Cathy Taylor and Chief Financial Officer Doug Ford stepped down from their positions. The company has also restructured its operations, eliminating 17 positions for an annual cost savings of approximately $2.5 million. These red
Report: Sport Footwear Sales Flattish in 2008
The SportsOneSource Group is projecting that Sport Footwear sales remained relatively flat in fiscal 2008. In comments made during the WSA Financial Conference managed by Susquehanna International Group, the industry market research firm and trade publis
JJB Sports Divisions Headed for Administration
JJB Sports said it intends to place two loss-making footwear subsidiaries into administration, a form of bankruptcy protection. JJB said its lifestyle division, which operates 64 Original Shoe Company Ltd. stores and 13 stores under the Qubefootwear Ltd.
Karhu Sports and Karhu Holding Reach Settlement
Karhu Holding BV and Karhu Sports Oy have today announced that they have reached an amicable settlement of their dispute involving the ownership and control of the Karhu trademarks…
Rapper Tasered at Reebok NBA Party
A number of hip-hop websites and blogs are reporting that Cleveland rapper Kid Cudi had gotten into a verbal altercation with Reebok employees at a company NBA All-Star party, which then escalated into a physical fight in which Cudi was tasered by police.
Retail Sales Rise 1% in January
According to the Commerce Department, retail sales increased in January 2009 compared to December 2008, but still showed a heavy decline compared to the year-ago month…
IPATH Sponsors Jamaican Surf Team
The Jamaica Surfing Association has attracted a sponsorship deal from IPATH, a footwear brand owned by Timberland. The contract which will run for two years in the first instance with a value in excess of a million Jamaican dollars per year includes cash,
Phthalates Legislation: What It All Means to the Sporting Goods Industry
With greater clarity finally arriving in the last few days from federal authorities, the sporting goods industry was spared the full brunt of new child safety laws banning products containing certain chemicals starting last Tuesday, February 10…
Asics Lowers Guidance Despite Solid Q3
Asics Corp. reported third quarter net sales of ¥60.42 billion ($628.9 mm), increasing 5.5% from net sales of ¥57.27 billion ($506.3 mm) last year. The company saw growth in both footwear and apparel more than offset a slight decline in equipment sales, b
