Sport Chalet Expands Team Business; Posts Solid Q1…
Sport Chalet, the SoCal-based retailer that has built a business out a strong commitment to SnowSports, Outdoor, SCUBA, and other performance sports, has made the move to capture more of the team sports business. The retailer has acquired Bassco Sporting
TEA Bill Likely Stalled Until 2005…
The Senate-House conference committee working on reauthorization of the TEA-LU bill met twice this week, according to America Bikes Campaign Manager Emeritus, Martha Roskowski. TEA-LU provides funding for bicycle infrastructure, pedestrian trail systems,
Unifi Makes Progress; Still Bleeds Red…
Unifi reported that net sales for the company’s fiscal fourth quarter fell 7.0% to $191.7 million compared to net sales of $206.1 million for the prior year. Gross margins were 5.9%, a 270 basis point decline from the 8.6% margins reported last year. Unif
Delivery Issues and Weather Plague West Marine…
After revising its guidance downward earlier in the quarter, West Marine reported that sales increased 8.6% to $253 million in the second quarter of 2004, compared to $233 million last year. Comparable store net sales for the second quarter increased 4.6
PUMA Sees U.S. Futures Growth Push Higher…
PUMA AG again looked to Europe in the second quarter to lead the gain in sales for the period, but opened a few eyes on Tuesday when they announced that the currency-neutral growth rate in the order backlog for the Americas, which includes the U.S. market
Brunswick Gets Top-Line Help Across the Board; Fitness a Drag on Profits…
Brunswick Corporation reported a strong second quarter, with double-digit sales gains evident across all divisions, while significant net income growth was impacted only by a decline in operating margins in the company’s Fitness division, which includes t
K-Swiss Sees U.S. Q2 Business Falter and Backlog Slow on Foot Locker Pullback…
K-Swiss management feels they are heading into one of their cyclical business troughs, a situation the company feels they can handle as they have before. This time it looks as though the pullback at Foot Locker is having a profound impact on both sales a
Sport Chalet Expands Team Business; Posts Solid Q1…
Sport Chalet, the SoCal-based retailer that has built a business on a strong commitment to SnowSports, Outdoor, SCUBA, and other performance sports, has made the move to capture more of the team sports business. The retailer has acquired Bassco Sporting
Cabela’s Sees New Store Drive Top-Line; Earnings Hurt by Finance Unit…
Cabela’s saw a securitization transaction involving their credit card receivables impact their Financial Services segment’s' securitization income by roughly $2.0 million after tax, or three cents per diluted share, in the second quarter ended July 3
Russell Corp. Back to Their Winning Ways in Q2; Profits Jump More than 50%…
As anticipated, Russell Corporation got a nice lift in Q2 from the sale of its minority position in Marmot Mountain, adding about $4 million, or roughly 8.5 cents per share, to the bottom line in the quarter. Excluding the gain, RML would have still seen
Escalade Sports Drives Quarter Growth…
Escalade, Inc. relied heavily on its sporting goods division to help post a sales gain in the second quarter, but the net income increase produced by Escalade Sports in Q2 wasn’t enough to keep the company in the black…
Aldila Rides Golf Surge to Q2 Profits…
Despite concerns about the health of the golf business, particularly with Callaway’s recent revelations, Aldila experienced a breakout quarter in Q2 as net sales jumped 44.4% to $14.3 million versus $9.9 million in the year-ago period. The increase was c
Golf Rounds Increase Slow in Q2…
The National Golf Foundation is reporting that total golf rounds played in the U.S. were up 2.5% for the first six months of the year when compared to the YTD period last year, but increased just 0.9% in the second quarter after a nice start in April…
Gildan Continues Efforts with FLA…
After announcing that it would be closing its El Progreso, Honduras, sewing facility (see SEW_0430), Gildan Activewear has responded to the Fair Labor Association’s independent audit of the facility. The audit brought up several deficiencies, but did not
GSI Commerce Slows Cash Burn Rate…
GSI Commerce increased second quarter net revenues 28% to $64.7 million compared to net revenues of $50.3 million in the year-ago period. Gross margin improved 500 basis points to 38.8% of sales versus 33.8% in Q2 last year. GSIC narrowed its net loss f