SGB Update Sports & Fitness
Horizon Fitness Receives ISO 9001:2000 Certification
Horizon Fitness has received ISO 9001:2000 certification. To receive ISO 9001:2000 certification, Horizon Fitness underwent an extensive auditing process by a third-party registrar company. The review process, which took more than a year to prepare for, e
Converse Partners with Gap on RED Collection
Converse and Gap will unveil two limited edition Converse (PRODUCT) RED Chuck Taylor All Star shoes available exclusively at select Gap stores for Spring, beginning March 2007. This marks their second introduction of specialty retail shoes….
G.I. Joe’s Plans to Change Name To Joe’s
G.I. Joe's plans to change its name to Joe's. The name change will be effective, April 1. The name change surfaced in Oregon newspapers, but was confirmed by a call to G.I. Joe's offices in Wilsonville, OR. Exterior store signs have already
True Temper Q4, Annual Sales Decreases Lead to Net Losses
True Temper Sports, Inc. saw fourth quarter net sales decrease 11.8% to $24.2 million from $27.4 million last year. Net sales for the full year decreased 8.2% to $108.0 million from the $117.6 million recorded in 2005. The company recorded a net loss for
New Markets and Acquisitions Play Central Role in Industry Growth Plans Over Next Five Years…
At a series of investor conferences last week, most notably the Bank of America Consumer Conference, but also at the B. Riley & company 8th Annual Las Vegas Investor Conference and at Citigroup’s Small & Mid-Cap Conference, public companies gave the inves
Zumiez Q4 Net Jumps 66% on 12% Comps…
Zumiez Inc. posted double-digit same-store sales increases for 2006, the fourth quarter of 2006, and each month in the fourth quarter. The bottom line grew as well, up over 60% for both Q4 and 2006. Net sales for the fourth quarter increased 49.0% to $112
Pacific Cycle’s CEO Announces Growth Plans
Pacific Cycle’s new CEO, Jeff Frehner, says he has plans that will bring more speed and focus to the company and its partners. A bicycle industry veteran, Frehner began his career in the bicycle industry as an attorney and Human Resources Director with QB
Kellwood Sees Operational Improvements in Q4
Kellwood Company Q4 net sales totaled $491.9 million, as compared to $446.5 million in the fourth quarter last year. Net earnings from continuing operations were $6.5 million, or 25 cents per diluted share, versus $4.1 million, or 16 cents per diluted sha
Cutter and Buck Fiscal Q3 Hurt by Litigation, Last Year’s Discontinued Product…
Cutter & Buck Inc. posted a sales decrease for the fiscal third quarter, which paired with an increase in SG&A expenses to cause the company’s net income to fall. On a conference call with analysts, the company noted that the decrease in sales comes as a
Life Fitness Inks iPod Deal
Life Fitness, a division of Brunswick Corporation, said it plans to offer seamless integration with Apple Inc.’s iPod players in several of its upcoming products…
OIA Sets Agenda for Capitol Summit 2007
Every year, Outdoor Industry Association members gather in Washington D.C. to visit with their Representatives and Senators and lobby for issues that are important to the Outdoor Industry. OIA has held events similar to this for over a decade, but each ye
Umbro’s U.S. Business Disappoints
Umbro said its U.S. business has underperformed significantly in 2006 due to weakness at Foot Locker. Overall, sales in the U.S. were down 63.1%…
Finish Line Q4 Comps Down 5.4%
The Finish Line, Inc. saw overall net sales increase 7.5% to $429.0 million for the fourteen week fourth quarter from $399.2 million for last year's thirteen week quarter. Excluding the fourteenth week this year (approximately $24.2 million of sales)
Nordstron Februalry Comps Increase 9.1%
Nordstrom, Inc. reported preliminary sales of $546.6 million for the four-week month ending March 3, 2007, an increase of 9.5% compared to sales of $499.1 million for the four-week period ending February 25, 2006. Same-store sales increased 9.1%…
Stage Stores February Comps Increase 1.4%
Stage Stores, Inc. reported a 12.4% increase in sales for the month of February to $104.6 million from $93.1 million during the same month last year. Comparable store sales increased 1.4% versus a decrease of 0.9% last year…
