Not Exactly Another Clash of the Titans…
Footstar has reportedly reached an agreement with Nike over a dispute that arose over Nike’s attempt to cut the retailer’s discount terms. A report in a local paper quoted a Footstar spokesperson that said, “The terms are confidential, and the proceeding
Footstar GOB Sales Get Under Way; Will Close Additional Doors…
Footstar commenced Going Out of Business sales at 163 stores on Friday, including all remaining Just for Feet locations and 75 of the company’s Footaction stores. Hilco Merchant Resources was the winning bidder in the auction to be appointed as liquidati
McCool Sentenced in JFF Fraud Case…
The first sentence in the Just for Feet fraud case was handed down on Thursday, with adidas America’s Timothy R. McCool receiving an eight-month sentence and a $10,000 fine. He pled guilty in October to conspiracy to submit false statements to the audito
The New Sports Authority Sees Operational Upside, Sluggish Sales in Q4…
The format that the New Sports Authority is using to report numbers will give it some cover over the next year as the positioning of a “lost quarter” for the old TSA’s Q2 make it impossible to draw any clear full-year comparisons for the pre- and post-mer
L.L. Bean Sales Jump 10% in 2003…
L.L. Bean had one of its most productive years in the company’s 92 year history, posting a 10% increase in sales to $1.2 billion. Sales in all channels were up over 2002, with the company’s e-commerce business jumping 26% and retail division up 12% for th
Galyan’s May Get New Honeymoon Period for New CEO…
Galyan’s Trading Company has been given a new honeymoon period as the markets appear to be taking a positive approach to new company CEO Ed Holman. GLYN shares jumped more than 32% for the week to close at $10.62 on Friday after Holman laid out a number
NSGA Survey Focuses on Sporting Goods Retail Profitability…
Full-line sporting goods and specialty sport retailers did not fare as well this year as far as profitability goes, according to the NSGA’s Cost of Doing Business Survey.
The report, published every two years by the National Sporting Goods Association, in
Cutter and Buck Gives Investors Reason to Cheer About, But Sales Still Struggle…
Cutter & Buck signaled its continued drive back to health last week, announcing that it will pay out a dividend for the first time. Shareholders of record on March 26 will receive a dividend of five cents per share…
Callaway Golf Defends its Turf
Callaway Golf Company has seized 27,000 club-heads from Newport Golf, an Anaheim, California-based entity controlled by a Jimmy Lin. A court-mediated settlement recently gave Callaway Golf over $800,000 and 28,000 other golf club components valued at mor
Apparel , Ski-Systems, and Snowboarding are Hot at Specialty Stores…
According to the most recent SIA Retail Audit for the 2003/2004 winter season, total sales for the winter sports market increased by 1.8% to $1.72 billion compared to $1.69 billion last year. Unit sales were up 4.6%, again signaling some price erosion.
Yue Yuen Continues Vertical Moves…
Yue Yuen released first quarter financials that showed the manufacturing company diversifying both it’s categories and regional distribution.Net sales showed a 5.4% increase over last year, from $611.5 million to $644.7 million. Gross margin dropped 170 b
Timberland Appoints New Global Marketing Chief
The Timberland Company announced the appointment of Carol Yang as Vice President of Global Marketing. In her new role, Carol will be responsible for directing overall brand strategy and marketing communications for the Timberland brand worldwide. She will
Bite Footwear Adds New Midwest Reps
Bite Footwear has hired two new sales representatives to expand the company’s sales in the Midwestern region. Rick Harnisch and Steve Humphreys are the latest additions to Bite’s team….
Outside Magazine Fights Inactivity in College Students
Outside Magazine announced the launch of “Outside University,” a nationwide tour of colleges and universities designed to promote an active lifestyle to a new generation of enthusiasts…
Salter Group Buys Back Gen-X Close-Out Business
Huffy Corporation has sold its Gen-X 'opportunity' business to a group headed by its original founders, James Salter and Kenneth Finkelstein, and industry veteran Rick White for an undisclosed amount. HUF CEO Paul D’Aloia said that the sale of
