SGB Update Sportsmans
Adidas Group Positive While Posting Q3 Declines
The adidas Group reported that top-line revenues trends had not changed materially since its fist half report, but the company, which also owns the Reebok, CCM-Reebok, Rockport and Taylormade brands in addition to the namesake adidas brand, produced a 
CIT Group Files for Bankruptcy Protection
CIT Group Inc., the commercial lender and the leading factoring company in the U.S., filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout. CIT’s factoring subsidiary, CIT Trade Finan
Golf Datatech: Sept. Rounds Up 4.2%; YTD Up 0.5%
According to a report from Golf Datatech, golf rounds played in the US in September were up 4.1% compared to September 2008 and up 0.5% for the year to date period. Public courses reported rounds-played increases of 4.6% and 0.8% for the month and YTD, re
K-Swiss Inc. Sees Some Light in New Products, but Legacy Products a Drag in Q3
K-Swiss, Inc. worked though another quarter of downward trending sales in the third quarter as worldwide revenues declined 23.7% to $70.6 million for the period, compared to $92.6 million in the year-ago period. The company posted a $2.9 million loss for
Big 5 Third Quarter Profits Soar on Lower Costs and Rising Sales
Big 5 Sporting Goods' Q3 earnings surged 77.8% due to a combination of improving sales, slightly better merchandising margins and lower expenses. The 1.6% comp decline represented its second straight quarterly gain and its strongest comp since the Q4
Amazon Closes Zappos Acquisition
Amazon.com, Inc. completed its acquisition of Zappos.com. Thanks to an increase in Amazon's stock price, Amazon will pay $1.2 billion, or $117.40 a share, for the business, up from $928 million when the deal was first announced on July 22. As expect
Mountain Equipment Co-op Introduces MEC Bikes
Mountain Equipment Co-op (MEC) unveiled its inaugural line of bicycles, online at www.mec.ca/bikes. The collection includes eleven styles in four categories – mountain, road, specialty and urban. Three are available in frames that are specifically designe
ATK Receives $93 Million in Orders for Additional Small-Caliber Ammunition
Alliant Techsystems said it has received an additional $93 million in orders for small caliber ammunition from the U.S. Army Sustainment Command in Rock Island, Ill…
Stage Stores Has Flattish October Comp Sales
Stage Stores, Inc. reported that its total sales for the four-week October period ended October 31 increased 2.9% to $101 million. Comparable store sales decreased 0.1% this year versus a decrease of 8.4% last year…
K-Swiss Posts Q3 Loss on Double-Digit Sales Decline
K-Swiss Inc. reported that total worldwide revenues decreased 23.7% to $70,633,000 for the third quarter of 2009. The net loss for the third quarter of 2009 was $2,884,000, or 8 cents per diluted share, compared with net earnings of $1,066,000 or 3 cents
Genesco to Redeem Notes
Genesco Inc. announced the issuance on November 3, 2009, of a notice of redemption to the holders of the company's 4.125% Convertible Subordinated Debentures due 2023. Pursuant to the notice, all of the Debentures that remain outstanding will be rede
Urban Outfitters Third Quarter Comps Dip 2%
Urban Outfitters reported that total company net sales increased by 6% to $506 million for the fiscal third quarter versus the same quarter last year. Total company comparable store net sales declined 2%. Direct-to-consumer net sales jumped 21% and whole
Dorel’s Q3 Profits Climb 11.1% Despite Sales Dip
Dorel Industries Inc. reported net income for the third quarter rose 11.1% to U.S. $30.2 million. Revenue was $518.5 million, down 6.1% from $552.2 million a year ago.
The third quarter revenue decline of 11% in its Recreational/Leisure segment was due p
J.C. Penney Comps Drop 4.5%, Raises Q3 EPS Guidance
J.C. Penney Co., Inc. reported that comparable store sales for the four-week period ended Oct. 31, 2009, decreased 4.5%, slightly better than the company’s guidance for sales to decrease 5% to 8%. In last year’s October period, comparable sto
TJX’s October Comps Surge 10%, Hikes EPS Guidance
The TJX Cos. reported sales for the four-week period ended Oct. 31, were $1.7 billion, up 15% over the $1.5 billion achieved a year ago. Consolidated comps increased 10%…
