SGB Update Sports & Fitness
JJB Sports Posts Steep Loss in 2008
JJB Sports posted a net loss of £167.6 million ($264.6 million) for the fiscal year ended January 25, compared with a profit of £9.6 million ($15.3 million) for the prior year. The latest year reflects a charge of £171.7 million ($273.5 million) due to st
Adidas Group Names Chief Officers for Sales and Retail
Adidas Group has named two new chief officers for sales and retail, responsible for both adidas and Reebok. Michael Stanier joined the adidas Group as chief retail officer on May 15, and Roland Auschel will assume the role of chief sales officer on July
Outdoor Retailer Further Cuts Costs to Add Value
Like operators of many businesses these days, the organizers of the Outdoor Retailer trade show recognize that “flat is the new up.” That's why their “goal” for the upcoming Summer Market is to have at least the approximately 21,000 overall attendees
RECALL: Norco, Trek, Cannondale Bikes
Around 20,000 mountain bikes and bike frames are being recalled last week by three companies in cooperation with the U.S. Consumer Product Safety Commission. Both Trek and Cannondale are recalling bikes with faulty suspension forks manufactured by Taiwane
Survey: Business Getting Done at OR Trade Show
In its first comprehensive survey around the iconic outdoor industry trade show event since 2004, the organizers of Outdoor Retailer found – not so surprisingly – that new products and networking were the primary reasons retailers went to their trade show
Cloudveil Appoints New Sales Positions
Cloudveil has named James Samuel to a new position, Director of Global Sales, while Ned Hutchinson assumes North American Sales Management responsibilities…
YogaDirect Becomes Preferred Yoga Supplier for Lady of America
YogaDirect.com is teaming up with the Lady of America Franchise Corporation, one of the largest influences in women’s fitness in North America…
Sports, Inc. Industry Grants Total $430,000
Since 1997, Sports, Inc. has invested $430,000 through its membership across the United States to fund sports related facilities and programs. The funding program, which is called the “Sporting Chance Award”, is given each year to two the Sports, Inc. me
Audobon Society Honors REI’s Sally Jewell
The National Audubon Society recently honored Sally Jewell, president and CEO of Recreational Equipment, Inc., at its sixth annual Women In Conservation Luncheon in the Plaza Hotel in New York City. In a statement, Audubon noted that REI is “dedicated to
Zumiez Q1 Comps Drops 15.3% with 2.4% Slide in Net Sales
Zumiez Inc. said total net sales for the first quarter ended May 2, 2009 decreased 2.4% to $76.8 million from $78.7 million reported in the first quarter ended May 3, 2008. The company posted a net loss for the quarter of $1.7 million or 6 cents per dilut
First-Quarter Profits at Target Decline 13%
Target Corp's first-quarter profit declined 12% to $522 million, or 69 cents a share, from $602 million, or 74 cents a share. But results were well ahead of Wall Street's consensus estimate of 60 cents due to limited markdowns and controlled ex
The Buckle’s Q1 Earnings Jump 44%
The Buckle's first-quarter profit rose 44% on a 25 percent jump in sales. Earnings reached $26.9 million, or 58 cents per share, in the quarter ended May 2, up from $18.7 million, or 40 cents per share, a year earlier. Revenue rose to $199.7 million
2009 PGA Fall Expo Promises to Reduce Costs, Adds Efficiencies
Lower participation costs for both exhibitors and buyers; increased exhibitor efficiencies; and an entirely new approach to a buyer-centered show floor are the primary initiatives launching at the 2009 PGA Fall Expo, Sept. 1-2, at the Mandalay Bay Convent
Cabela’s Store Opens in Billings
Cabela’s Incorporated reported that a crowd estimated at 3,500 was on hand for the ribbon-cutting and grand opening of the Cabela’s store in Billings on May 14. The ceremony kicked off 18 days of Grand Opening events at the new 80,000-square-foot supersto
Outdoor Retailer Plans Cost Savings for Upcoming Shows
The organizers of Outdoor Retailer sent out a letter addressing a number ways its reduce costs and improve the value of its trade show for both exhibitors and attendees. The letter also summarizes key results from a January 2009 survey of more than 1,500
