SGB Update Sports & Fitness
PGA of America Elects Remy as President
Jim Remy of Ludlow, Vt., was elected the 36th president of The Professional Golfers' Association of America by delegates at the association's 92nd annual meeting in Phoenix, Ariz. Remy previously served as secretary of the association from 2004-
Fox Shox Posts 30.8% Growth in Q3
Revenues at Fox Shox, which makes suspension and other components for mountain bikes and motorcycles, soared 30.8% to $43.3 million in the third quarter, as road bikers continued to shift to mountain bikes in the United States and Europe. The company is p
Confluence Parent Cuts Dividend To Preserve Cash
The majority owner of Confluence Watersports has cut its dividend, will retain 2008 and future long-term capital gains, eliminate its stock buy-back program and implement further cost cutting in a bid to preserve cash. American Capital, Ltd. said it is ta
Big 5 Third Quarter Comps Decline; Retailer Cautiously Prepares for ’09
For the fiscal 2008 third quarter ended Sept. 28, net sales for Big 5 Sporting Goods Corporation declined 3.5% to $223.2 million while comps declined 6.6%, primarily due to a decrease in customer traffic. The declining results and tighter credit markets c
Backcountry Launches Affiliate Program for ODAT Sites
Backcountry has launched an affiliate program to compensate owners of other web sites for promoting its online “One Deal at a Time,” or ODAT sites…
MBT Names Former Timberland Exec as Interim CEO
Footwear innovator MBT said CEO Richard Litzel stepped down Nov. 3 to focus on the German markets and has been replaced on an interim basis by Ken Pucker, former COO of Timberland. Also joining the company is Marc Estor, who has been named as VP for sales
Columbia Sportswear to Cut U.S. Staff by 4%
Columbia Sportswear Company announced it will lay off 75, or 4%, of its 1,800 U.S. employees in response to an 11% decline in orders for Spring 2009…
Dick’s SG to Test Life Fitness Equipment in Northeast Locations
Dick's Sporting Goods will test an offering of Life Fitness cardio and strength equipment in 20 stores located in the Northeast. Dick's Sporting Goods is adding an expanded product line-up to include health-club quality products for the home…
Escalade Suffers Q3 Loss on Drop in Sporting Goods Revenues
Escalade, Inc.'s revenues for the third quarter dropped 32.8% to $40.8 million from $60.7 million in the prior year. ESCA posted a net loss of $1.4 million, or 11 cents per share, compared to net income of $3.1 million, or 24 cents, in the prior yea
Jarden Outdoor Ekes Out Q3 Sales Gain; Freezes Hiring
Jarden Corp.’s Outdoor Solutions segment, which includes Coleman, Pure Fishing and the former K2 Inc. business, reported net sales of $620.1 million for the third quarter, up 1.1% from comparable revenues of $613.1 million last year…
Callaway Third Quarter Sales Slump on Tough Year-Ago Comparisons
The difficulties of the general economy got to Callaway during the third quarter as the company posted its second consecutive year-over-year quarterly sales decline. Sales were down in nearly every region of the world with the exception of Japan, while al
Fleet Feet Sees 16.5% Q3 Revenue Gain
Fleet Feet, Inc.'s third quarter marked the best quarter in the company’s 32-year history, with retail sales totaling $24.8 million, up 16.5% over third quarter 2007. Year to date sales are up 17.8% through September 2008, with $67.5 million in reven
Puma Sales Increase 5.9% Currency-Neutral in Q3
PUMA’s brand sales, which include consolidated sales and license sales, reached €778.6 million ($1.07 bn) during Q3, rising 5.9% on a currency-adjusted basis or 3.3% in Euro terms. Consolidated sales in Q3 grew 9.2% to €712.7 million ($979.4 mm) on a curr
Soffe’s Q1 Revenues Jump 20.8%
Delta Apparel said sales of its Soffe brand climbed 20.8% in its first quarter ended Sept. 27, with all of its distribution channels achieving double digit sales growth. Overall sales in the Delta's retail-ready segment, which also includes the Junkf
NSGA Names Five to Hall of Fame
The Sporting Goods Industry Hall of Fame Committee has elected five new members to be inducted into the Hall of Fame next May, one retailer and four manufacturers. Hank Derleth, Ripon Athletic; the late Gerry O'Keefe, Spalding/Brunswick/PGA Victor/Sc
