SGB Update Sportsmans
Arena Football Ceases Operations Indefinitely
The Arena Football League, which previously called off its 2009 season, has now ceased operations indefinitely, according to a one-paragraph statement issued to league teams on August 4…
Garmin Ltd’s Q2 Sales Slide, but War Chest Builds…
Garmin Ltd.’s Outdoor/Fitness segment took a hit in the second quarter of 2009 as the segment’s quarterly sales declined for the first time in more than two years. The company reported second quarter earnings slid 36% to $161.9 million, or 81 cents a sha
Sport Chalet’s Fiscal First Quarter Sales Down on 14.7% Comp Sales Decline
Sport Chalet, Inc. saw sales decrease 8.9% to $79.4 million for the first quarter of fiscal 2010 from $87.1 million a year ago. Comps tumbled 14.7%. The net loss was narrowed to $3.0 million, or 21 cents per share, compared to a loss of $4.5 million, or 3
BJ’s Comps Declined 6.3% in July
BJ’s Wholesale Club, Inc. reported that sales for July 2009 decreased by 6.3% to $722.5 million from $771.3 million in July 2008. On a comparable club basis, July 2009 sales decreased by 9.1%, including a negative impact from sales of gasoline of 10.9%. M
Stein Mart Comps fall 5.5% in July
Stein Mart, Inc. reported total sales fell 9.0% on a 5.5% decline in July comp. sales…
Native Eyewear Appoints Two New Marketing Team Members
Native Eyewear announced the promotion of Jacqueline “Jax” Mariash to marketing director and the appointment of Michael Bertsch to event manager. Both appointments are effective immediately…
i.e. Distribution Reaches Footwear Licensing Agreement for DADA
i.e. distribution reached a license agreement to produce and distribute DADA Footwear and DADA Supreme Footwear for North America. i.e. distribution is the world wide distributor and owner of World Industries, a 21 year old skateboard, footwear and access
Under Armour Beats Street Expectations in Q2, but Look Ahead Concerns Some
Under Armour, Inc. beat street expectations for the second quarter and provided full-year guidance that exceeds the estimates of analysts, but acknowledgement that the business growth will slow in the second half and moves to increase reserves to sell off
Volcom Q2 Sales Fall on U.S. Decline; Europe Seen Flat
Volcom, Inc.’s quarterly results continue to reflect the difficult retail environment as the company’s total consolidated revenues were $54.2 million for the second quarter, a 25% slide compared to $72.5 million in the second quarter of 2008…
Unifi Fiscal Q4 Sales Fall 26%; Sees Brighter Future
Conditions within the textile supply chain continued to improve throughout the fiscal fourth quarter for Unifi, Inc., as excess inventory levels are being depleted and production levels are becoming more closely aligned with consumer demand…
WSA Show Now Just a Shell of Its Former Self
The writing may be on the wall when someone can get a Deluxe room at the Las Vegas Hilton for $39.95 the day before the WSA Show — and that’s before the $25 in casino credits that came along with the deal. True story for Sports Executive Weekly editors a
ORSM Attendance Dips but Energy Stays High
Outdoor Retailer said it “did see a dip in overall attendance” at its recent Summer Market show but the event still tallied more than 18,000 overall attendees and approximately 5,000 buyers. However, the level of energy and enthusiasm of the retailers and
OIA Survey: Outdoor Independents Average only 2% Profit Margin
According to the 2009 OIA Retail Financial & Operations Performance Report, the average outdoor retailer achieved sales of $2.46 million but notched a measly pre-tax profit of only 2% of sales. But the survey also showed that some stores are doing much be
OIA Board Members Urge Paddlesports Industry to Cooperate
At the Outdoor Retailer Summer Market show last week, Canoe & Kayak Magazine announced the 2010 launch of a new paddlesports-specific tradeshow in Minneapolis. A group of current and past OIA board members recently sent an open letter to the paddlesports
New Cycling Equipment Group Formed
The cycling equipment industry has come together to form the Global Organization of Cycling Equipment Manufacturers (GOCEM) with the objective of providing a unified voice for the cycling industry. GOCEM said its long-term mission and goal is to pursue a
