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
Killerspin Signs India’s Table Tennis Champion
Shareth Kamal Achanta (Kamal), one of the world's top international table tennis champions, has agreed to an exclusive endorsement contract with Chicago-based Killerspin. Kamal, 26, is a native of Tamilnadu, India, and distinguished himself as the on
VF Corp Sees Outdoor and Action Sports Stand Out in Tough Fourth Quarter
Driven by strong growth for The North Face and Vans, VF Corp's Outdoor and Action Sports coalition delivered healthy sales and earnings gains in the fourth quarter. But gains at those brands were not enough to offset weakness at the company's ot
Mizuno Lowers Outlook After Tough Q3
Mizuno Corp. had a difficult third quarter as continued softness in the global economy slowed sales and caused the company to lower its guidance for the fiscal year that ends at the end of March. The company now anticipates reporting a net loss for the fi
Product Recalls
Dick's Sporting Goods Inc. is recalling about 6,700 Field & Stream dual burner propane-fueled camp stoves that might produce higher-than-expected flames, or ignite unexpectedly, according to the Consumer Product Safety Commission…
SEC Settles DKS Insider Trading Case
The U.S. Securities and Exchange Commission settled an insider trading case against four individuals, including the former vice president of real estate at Dick's Sporting Goods Inc., related to the DKS acquisition of Galyan's Trading Company in
Sport Supply Fiscal Q2 Income Up Triple-Digits
Revenues for Sport Supply Group slipped slightly for the second quarter ended December 31, but the company sustained growth for the front half of fiscal 2009, with top-line growth hovering around 2% for the period…
WSA Show Can’t Live Up to Lowered Expectations
The WSA Show has rapidly devolved into a regional show once again – but the company that owns the show still has the floor space for a much bigger event. The empty aisles at the Sands Expo and Mandalay Bay had many wondering why show management had not c
Globe International Warns of Fiscal H1 Loss
Globe International expects to report an estimated EBITDA loss from operating activities for the half year ended December 31 2008. The company said that the loss, estimated to be in the range of A$5.0 million to A$6.0 million, was based on preliminary un
Report: Online Sales Decline in Fourth Quarter
In releasing its retail e-commerce sales estimates for the fourth quarter, comScore, Inc. said that online retail spending declined 3% versus year ago, the first recorded quarter of negative growth since comScore began tracking e-commerce spending in 2001
A4 Adding Performance to Product Line
A4 is reporting that it will upgrade all garments in their collection to include moisture management and stain release technologies. A4 said they were answering the retailers call for better prices and comfort in on-field gear. The upgrade will take pla
The Finish Line Tests New Urban Concept
The Finish Line Inc. plans to test a new concept called Decibel that eventually could replace its Man Alive chain, according to the Indianapolis Business Journal. The retailer is rebranding four Man Alive stores for an April launch and is remerchandising
City Sports Opens Flagship in Manhattan
City Sports announced the opening of a high-profile flagship store in the heart of Manhattan at Rockefeller Center, 64 West 48th Street, between 5th and 6th Avenues. The retailer said the opening underscores “the company's growth strategy and commitm
Timberland Opens SoHo Location
Timberland will open a new brand store on lower Broadway in New York City’s SoHo district on Friday, Feb. 13, 2009. The new 2,000 square foot Timberland store is located at 474 Broadway, between Broome and Grand Streets, and incorporates salvaged industri
Life Fitness Opens New Retail Store in United Arab Emirates
Life Fitness has opened a company branded store in Dubai located in the United Arab Emirates (UAE). The store is the first of its kind in UAE to sell Life Fitness equipment exclusively, and is designed to be inviting and approachable to encourage customer
