Carnival Held Back by Boot Weakness…
Although Shoe Carnival didn’t meet analysts’ (or its own) expectations for comp store sales for the third quarter, the retailer controlled expenses and saw improvement in gross margin through better inventory management to deliver results in line with the
Spalding to Provide Arena Football League Balls
Spalding, a division of Russell Corporation, and the Arena Football League (AFL) announced an agreement that will make Spalding the exclusive provider of the AFL's official game ball, beginning with the 2004 season which kicks off in February. Finan
Sport Chalet Opens First NorCal Store
Sport Chalet, Inc. is celebrating the grand opening of its new 42,500 sq. ft. store, including an on-site pool, at the Slatten Ranch shopping center, in the city of Antioch, California. This is the company's 30th location and its first in Northern Ca
Tyler Hamilton Launches Charitable Foundation
Tyler Hamilton will launch a charitable foundation in January, 2004. The Tyler Hamilton Foundation's mission is to provide opportunity and access for individuals affected by multiple sclerosis and aspiring young athletes with a passion for cycling. T
Canari Covers Hawaii
Canari Cycle Wear is pleased to announce the appointment of Tom Kern as the company's sales rep for Hawaii…
Sporting Goods Push Total Online Sales Higher
Signs of an improving economy and increased consumer spending on nontraditional online product categories like apparel, home decor, and sporting goods have catapulted 2003 U.S. online sales. According to Forrester Research, Inc., U.S. online sales for 20
Clash of the Titans IX: The Return of Jordan…
The apparent softening of the tension between reluctant lovers Nike and Foot Locker has analysts swooning with excitement over the prospect that the industry will go back to the way it used to be. But some of the over-anxious press reports and love-struc
Nike Increases Quarterly Dividend 43%
The Board of Directors of NIKE, Inc. has declared a quarterly cash dividend of 20 cents per share on the Company's outstanding Class A and Class B Common Stock, which represnts a 43% increase over the previous quarterly rate of 14 cents per share…
Galyan’s Trading Outdoor for Athletic in New Retail Model as Q3 Loss Widens…
In a move that is a sharp departure from its long-held position that it is NOT a sporting goods store, in appears that Galyan’s Trading Company has finally come to the conclusion that they are what most people say they are – a big box sporting goods retai
SnowSports Industry Conference Launched
SnowSports Industries America (SIA), TransWorld Snowboarding and Mountain Sports Media are joining forces to produce The Snow Industry Summit, a high level business conference that will address global issues affecting all aspects of the snow sports indust
Dick’s Ups Guidance for the Year…
Dick's Sporting Goods beat Wall Street’s estimates for third quarter earnings and raised guidance for the full year. The analysts’ consensus estimate for DKS was 16 cents a share on revenue of $334.3 million…
Hibbett’s Focus Pays Bigger Dividends…
Hibbett Sporting Goods didn’t have as many weather-related issues in the third quarter due to a product mix focused on fewer cyclical items and weather-dependant categories like outerwear and outdoor equipment…
Hogan Apparel has Sport Haley Looking Ahead to Brighter Days…
Sport Haley’s fiscal first quarter results were encouraging for management, but the company let a 9% increase in SG&A costs prevent a positive net income. The net loss did, however, decrease 7% from $173,000 to $161,000, showing some improvement…
Airwalk Banker Gets Expedited Hearing…
Congress Financial, Airwalk International’s senior secured creditor, has been granted an expedited hearing on November 26, 2003 to press their case with the U.S. Bankruptcy Court in Denver. The Court had stayed the initial NY State Court order that enabl
Watercraft Sinks Johnson Outdoors…
Johnson Outdoors is taking full responsibility for their poor performance in the fourth quarter. Chairperson and CEO Helen Johnson-Leipold said repeatedly said in a conference call with analysts that the management team is “disappointed”, and “It’s time
