SGB Update Sports & Fitness
Adidas Q1 Profit Climbs 32%
Adidas AG Tuesday reported net profit jumped 32% to 169 million euros ($261.7 million) from 128 million euros a year earlier. Revenue rose 3.3% to 2.62 billion euros ($4.05 billion) from 2.54 billion euros. Group sales increased 10% on a currency-neutral
Nike/Finish Line Launch Running/Training Concept
Nike and The Finish Line, Inc. announced the opening of a new retail experience called Finish Line Ltd customized to meet the needs of young running and training athletes. The concept store is located at the Chandler Fashion Center near Phoenix, Arizona..
Aussie Soles Picked up by Game on Sports
Crocs competitor Aussie Soles said it lined up Canadian retailer Game On Sports to begin selling its closed celled footwear…
Performance Training: Will the Hype Pay Off?
Whether consumers or retailers are ready for it, the cross-training category is about to attempt a rebirth. The revival, which is now being heralded by major marketing campaigns touting Under Armour’s performance trainer introduction, as well as Nike’s SP
Amer Sports Starts 2008 With Tough Quarter…
Amer Sports had another difficult quarter in Q1 as sales declined in the mid-singles due to weakness at Precor and Wilson and a slumping U.S. dollar hurt results for the Finland-based company. The company did however manage to shrink its quarterly loss by
Under Armour Reduces Profit Outlook as High Inventories Cut into Margins…
Under Armour Inc. posted another solid quarter for sales growth, but a sharp increase in marketing expenses and tighter margins cut into profits as net income plunged more than 71% compared to the year-ago period. The company is still struggling with the
Rocky Reaches Settlement in Case Against Former VP…
Rocky Brands, Inc. reached a settlement in its case against a former VP whom the company claims was attempting to copy some of its most popular shoes. The terms of the settlement involving Defendants Glen Bratcher, Westwood Footwear and Accessories LLC, a
Gander Registers 9.8 Million Shares
Gander Mountain Company said it registered 9.8 million shares of its common stock originally sold in two private placement transactions to major investors, both of whom serve on the company's board of directors and said they remain long-term investor
Pro Hockey Life Acquires Entrepôt du Hockey
Pro Hockey Life Sporting Goods Inc., the hockey superstore concept operating under the Sports Gilbert Rousseau and Pro Hockey Life banners, has completed a private financing round to fund the acquisition of Sports L.G.L. Inc. (“LGL”) in Quebec City, as we
Exel Sells Outdoor Business to Karhu
Exel plans to sell the outdoor business of Exel Sports Brands to Karhu Sports, one of the leading Finnish sports equipment manufacturers. Terms were not disclosed. Exel will keep the remaining floorball business and conduct a strategic review of the struc
The SportsOneSource Group Expands Research Capabilities
The SportsOneSource Group has expanded its market research capabilities through the addition of survey and panel data analysis reporting. The new group, led by a new manager of market research analysis, broadens the product and service offerings for the
Deckers Inc. Gets Q1 Boost from UGG; Ups Full Year Forecast…
Deckers Inc. surged past its original forecast in the first quarter as continued demand of the UGG brand was able to offset slight revenue declines at Teva that were attributed to the later spring and a tough retail environment. The $97.5 million achieve
Oakley’s Q1 Sales Up 15%; Sporting Goods Down…
Luxottica Group said Oakley's Q1 revenues jumped 15%, with double-digit revenue growth in optics and apparel, footwear and accessories businesses. Oakley, which was acquired by Luxottica last year, was led by its O Store retail comps climbing close t
Puma’s U.S. Sales Decline in Q1…
Pinault-Printemps-Redoute (PPR) said Puma's sales rose 6.6% in the first quarter ended March 31, to 673 million euros ($1.07 billion). However, sales fell in the Americas due to weakness in the U.S. mall-based business and in footwear…
Golf Sales Climb 8% for Fortune Brands
Fortune Brands reported sales in its golf division rose 8% in the first quarter, to $396.4 million from $367.1 million. Operating income sunk 3.9% to $51.5 million from $53.6 million. Its golf brands include Titleist, Cobra and FootJoy…
