BOSS Goes One-on-One With Dennis Madsen
Dennis Madsen, REI’s president and CEO, first joined the national retail cooperative in 1950 as a 17 year old. He started with REI on the retail sales floor and the mail order department. Madsen serves on the national board of directors of the Rails-to-T
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
adidas’ McCool Receives Eight Month Sentence 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 pleaded guilty in October to conspiracy to submit false statements to the aud
Johnson Family Extends Offer Period to Buy Company
Helen Johnson-Leipold, chairman and CEO of Johnson Outdoors, and Samuel C. Johnson, majority shareholder and director of Johnson Outdoors, are extending for an additional sixty days their February 20, 2004 non-binding proposal to acquire the outstanding p
Sierra Designs Takes Home Two Backpacker Editors Choice Awards
Sierra Designs has won two 2004 Editors’ Choice Awards from Backpacker Magazine. These highly sought after awards are given each year by Backpacker editors who spend hundreds of hours on the trail testing gear in the most adverse weather and trail conditi
Lowa Wins Backpacker Editors Choice Award
The editors of Backpacker magazine have just announced to their readers the LOWA Vertex GTX as the recipient of a 2004 Editor’s Choice Award, the most prestigious award in the outdoor industry. The boot features Biomex Protection, a unique technology that
NPD: Teens Are More Value Conscious
According to The NPD Group's latest report, Buying Habits of Teens and Tweens, teens are spending much of their money at value-based stores such as mass merchants, like Wal-Mart and Target, instead of trendy mall retailers. Teens are bargain hunters.
NSGA: Profitability Metrics Slip at Sports Retailers
Most key measures of profitability slipped for
full-line sporting goods stores and specialty sport shops, according to data in the newly released NSGA Cost of Doing Business Survey. The report, published every two years by the National Sporting Goods Asso
Galyan’s Misses Q4 Earnings Forecast; Net Income Falls 40%
Galyan's Trading Company reported net earnings for the fiscal 2003 fourth quarter decreased 40.2% to $10.0 million, or 57 cents per diluted share, compared to $16.7 million, or 98 cents per diluted share, in the year-ago quarter. Diluted EPS fell 41.
