TARE7 Appoints Nilson to Head Skateboard Division Sales
TARE7, owner of genetic airwalk skateboarding announced the appointment of Steve “Stix” Nilsen as the national sales manager of the genetic airwalk skateboarding division…
NSGA: Sporting Goods CPI Decrease Improves in January
The most recent data from the Bureau of Labor Statistics showed the Sporting Goods CPI Index at 101.6 for January, down 1.6% versus the January 2002 index. The drop was slightly less than the December decline of 1.8%…
SGMA: Spending for Athletic Footwear Rose 2.5% in 2002
U.S. consumers purchased nearly 7% more pairs of athletic footwear in 2002 than in 2001, but the average price paid per pair fell by 4.2%. The result was that total spending rose only 2.5%, according to research by The NPD Group…
GBMI Gets Attitude With Pony Acquisition Deal
Rumors have been flying for weeks about a mysterious “Brand Six” that was about to be added to the stable at GBMI. Speculation ran from GBMI buying an athletic performance brand to acquiring a skate shoe company. A section of their new headquarters in S
Fila Narrows 2002 Loss on 7.0% Sales Decline
Fila Holding S.p.A. reported a 2002 full year net loss of $76.4 million compared with $125.2 million in 2001. Worldwide revenues for the year decreased by 7% to EUR 909.5 million and were flat when expressed in terms of constant exchange rate and continu
Coastcast 2002 Loss Expands 352% as Sales Drop 46%
Coastcast Corporation reported sales for the year ended December 31, 2002 were $62.4 million vs. $115.5 million in 2001. The 2002 net loss was $10.4 million vs. a loss of $2.3 million in the prior year. Diluted loss per share was ($1.36) vs. ($0.30).
PacSun February Comps Grow 14.8%
Pacific Sunwear of California Inc. reported that same store sales increased 14.8% for the comparable four-week period ended March 1, 2003 with PacSun same store sales up 10% and d.e.m.o. same store sales up 49%…
Pacific Sunwear 2002 Profits Surge 80% on 24% Sales Jump
Pacific Sunwear of California Inc. reported total sales for fiscal 2002 increased 23.6% to $846.4 million. Same-store sales increased 9.7% for the comparable 52 week period ended Feb. 1, 2003. Net income for fiscal 2002 increased 80% to $49.7 million, o
Mountain Equipment Co-op Launches OutdoorGearSwap.com
Mountain Equipment Co-op (MEC), Canada's leading supplier of outdoor gear, just launched a full-featured on-line gearswap called OutdoorGearSwap.com…
Nike Rounds Up Support in Free Speech Fight
The Bush Administration, the ACLU, the AFL-CIO, European entities, and dozens of media organizations have joined forces in urging the U.S. Supreme Court to reaffirm the First Amendment right to free and open debate and to overturn an unprecedented Califor
Lauderdale Lakes Leaders Cope with Loss of Sports Authority HQ
This city is dusting itself off again from the loss of another major business, this time the corporate headquarters for Sports Authority. The Lauderdale Lakes-based sporting goods company that began in 1987 announced last week it would merge with Color
GBMI Gets Attitude in New Pony Deal…
Rumors have been flying for weeks about a mysterious “Brand Six” that was about to be added to the stable at GBMI. Speculation ran from GBMI buying an athletic performance brand to acquiring a skate shoe company. A section of their new headquarters in S
Puma Grows U.S. Business 70% in Q4…
Puma shares rose just 1.3% for the week after another extraordinary report on fourth quarter and full-year 2002 sales and profits. The limited rise in price was due no doubt to the fact that the stock rose 91% last year and the benefit this last week was
Wolverine: Onward and Upward, without Athletic Specialty
At a recent Bear, Stearns Investor Conference in NYC, WWW EVP and CFO, Stephen Gulis described the rapid rise in fortunes at Wolverine…
Nike Renews Monitoring Group Deal…
Nike’s plan to renew its funding for a group that is charged with monitoring its factory policies and conditions raises a number of questions about how independent – and effective – such groups can be in their pursuit of fair treatment for millions of fac
