SGB Update

Specialty Fitness Sees Less Profit…

Overall profitability and productivity in the specialty fitness retail market fell this year according to the NSGA cost of doing business study. Average net operating profit fell 220 basis points to 2.0% in 2003 from 4.2% in 2001. The average return on to

China Expands Share of Sporting Goods Imports in 2003…

U.S. sporting goods imports rose 4.1% to $9.375 billion in 2003 when compared to 2002 according to SGMA International’s analysis of U.S. Commerce department data. Imports have risen 36.2% since 1993.
Total footwear imports declined 1.9% for the year wh

Galyan’s Hopes to Reposition Brand Before It’s Too Late…

The retailer’s new CEO hopes to make some changes quick in the retailer’s home town as they prepare for the arrival of Dick’s Sporting Goods as it makes moves to better define what the Galyan’s brand stands for outside of Indianapolis…

Coastcast Turns the Ship Around

Coastcast is apparently on the way to pulling itself back into the black. The company cut its net loss down by 77.3% from $2.5 million in Q4 last year to just over $0.5 million in this years fourth quarter. Diluted loss per share for the quarter went down

Nike to Blow Past Street’s Q3 Earnings Estimates

NIKE, Inc. now anticipates that its revenue for the fiscal third quarter ended February 29, 2004 will increase more than 20% over the prior year. The revenue increase would result in estimated third quarter earnings per share of between 71 cents and 74 c

Finish Line Continues to Re-Define Mall…

The Finish Line, Inc. saw total sales for its fiscal fourth quarter ended February 28 increase 30.2% to $305.3 million from $234.4 million. Comp store sales increased 19% for the quarter on top of a 10% increase reported in the year-ago period…

Retail Execs See Traffic at Record High…

The American consumer continued to shop and spend at high levels in February, according to the latest findings of the NRF Executive Opinion Survey, a monthly index by the National Retail Federation. The Retail Sector Performance Index was at 62.8%, jumpin

February Retail Comp Store Sales Gains are Best Since April 2000…

According to a report issued by the International Council of Shopping Centers, retailers in February saw their best cumulative monthly year-over-year same-store sales since April 2000. Overall comp store sales in February rose 6.7% from the same month a

Burton Teams-up with OIWC and Baldface Lodge

If you've been blessed enough to go on a snowboard cat trip before, you'll immediately notice one thing – the overwhelming majority of cat trip guests are men. Burton Snowboards, the Outdoor Industry Women's Coalition (OIWC) and Baldface Lo

Muellers Finalize Crested Butte Purchase

Tim and Diane Mueller, owners of Okemo Mountain Resort in Ludlow, VT and operators of Mount Sunapee Resort in Newbury, NH are pleased to announce that the purchase of Crested Butte Ski Resort in Colorado from the Callaway and Walton families and it subsid

Callaway Golf is Market Share Leader for 2003

According to 2003 figures released by Golf Datatech Callaway Golf continued to lead the woods market in both units sold at 18.0% and revenues earned at 24.0% and topped the irons market with 17.2% of the units sold and 26.1% of revenues. This marks the se

Rocky Lands Military Subcontract

Rocky Shoes & Boots has entered into a subcontract agreement with Belleville Shoe Manufacturing Company (“Belleville”) to produce 200,000 pairs of Infantry Combat Boots (“ICBs”) for $16.4 million. The ICBs will be delivered to the U.S. military under Bell

Dana Adds New Reps

Dana Design has hired four sales representatives to market the brand’s packs, travel bags and tents to specialty retailers in 17 states. Peter and Jen Grimes, based out of Frederic, Wis., cover Illinios, Minnesota, Wisconsin, Iowa, Missouri, Kansas, Nebra

Quiksilver to Acquire DC Shoes in $87 Milion Deal

Quiksilver, Inc. and DC Shoes, Inc. announced a definitive agreement whereby Quiksilver will acquire DC Shoes, the premier designer, producer and distributor of action sports inspired footwear, apparel and related accessories in the U.S. and international