Forzani Enters the Gray Market World; Q4 Retail Sales Show Continued Weakness …
Forzani’s fiscal year-end report surprised more than one sporting goods market analyst this week when the company announced that it had acquired the Gen-X name and opportunity business. Just the day before, Huffy had announced that it had sold the entity
Bob Goes Direct in Canada
BOB Trailers, Inc. will begin shipping their bicycle cargo trailer and Sport Utility Stroller products from a new Kamloops, British Columbia warehouse starting April 10, 2004. Utilizing the services of a third party warehouse, NRI Distribution, Inc., BOB
Everlast Posts Q4 Loss on Restructuring; Sales Down 8.2%
Everlast Worldwide Inc. reported that net sales for the 2003 fourth quarter declined 8.2% to $16.7 million compared to reported net sales of $18.2 million in Q4 2002. Net licensing revenues advanced 40.6% to $1.8 million vs. $1.3 million in the 2002 perio
CLI Taps Pentland as U.K. Airwalk Licensee
Collective Licensing International, LLC has entered into a licensing agreement with British-based Pentland to license the Airwalk® brand in the U.K. and Ireland. Under the new agreement, Pentland will serve as the master licensee for the Airwalk® brand an
Pro Golf of America Appoints Special Projects VP
Pro Golf of America has appointed Jerry K. Jensen as Vice-President, Special Products of Pro Golf of America. In this new position, Mr. Jensen will be in charge of the launches of both the new MBNA Pro Golf MasterCard and Palm
Springs Country Club, manage
SGMA: Sneakers Prices Steady in 2003; Athletic Outperforms Total Footwear Business
Relentless pressure by consumers for lower-priced athletic footwear abated somewhat in 2003, according to research by The NPD Group. Total spending increased 4.2%, from $15.7 billion to $16.4 billion, while total pairs purchased rose 4.6%, with the averag
Shawn Neville Exits as Footstar Athletic Chief
Footstar, Inc. announced Friday that Shawn Neville, President and CEO of Footstar's Athletic segment is no longer with the Company. Mr. Neville's responsibilities have been assumed by a team of executives including Mark Lardie, SVP-GMM, Jodi Joh
Stride Rite Fiscal Q1 Earnings Down 14.8% as Sales Decline 11% for Quarter
The Stride Rite Corporation reported sales for the first quarter of fiscal 2004 decreased 11% to $136.1 million from $152.3 million in the comparable period of fiscal 2003. Net income for the first quarter totaled $7.5 million or $.19 per diluted share, a
Broder Bros. 2003 Net Loss Widens on Restrucuring Charges
Broder Bros. Co. reported that net sales for the fiscal year 2003 were $487.8 million compared to $429.7 million for fiscal year 2002. The loss from operations for fiscal year 2003 was $6.0 million, compared to income from operations of $9.8 million in f
Footstar to Sell Off Footaction Unit; Cites Lack of Nike Support
Footstar, Inc. has announced that it is moving forward with an accelerated process to sell its remaining athletic footwear operations to focus its full attention and resources on its core Meldisco business. The company also said that its decision to purs
The Hockey Company Signs Partnership Deal with American Hockey League
The American Hockey League and The Hockey Company today announced a multi-year, multi-million-dollar partnership that will serve as the foundation for the AHL's marketing, licensing and on-ice branding strategies for years to come. The agreement was
Finish Line Q4 Net Income Up 37%; Raises 2005 Guidance
The Finish Line, Inc. reported that net sales increased 30% to $305.3 million for the fiscal 2004 fourth quarter compared to $234.4 million reported for the year-ago period. Comparable store net sales increased 19% for Q4 on top of a 10% increase reported
U.S. Ski and Snowboard Team Foundation Adds Members to Board
The U.S. Ski and Snowboard Team Foundation announced Thursday the addition of seven new members to its Board of Trustees. The new Trustees are John Bloomberg, Craig T. Brown, Kenneth Gart, Bing Gordon, Scot Jarvis, Dennis Keller and Daniel E. Waters. This
Superfeet Partners with The Penguin
Superfeet recently partnered with John “The Penguin” Bingham, runner, author and inspiration for runners of all levels…
West Marine Raises Q1 Guidance on Strong March Sales
West Marine, Inc. CEO John Edmondson said that March sales have been very strong, prompting the company to raise its estimate for comparable store sales for March to reflect a an increase of 9% to 14% and a fiscal first quarter increase of 11% to 14%, up
