SGB Update Sportsmans
Dick’s Sporting Goods Comp Decline Worsens; Will Take Impairment Charge
Dick's Sporting Goods, Inc. expects to record a pre-tax non-cash impairment charge based upon unaudited, preliminary year-end estimates in the range of approximately $165 million to $180 million that will decrease net income by $144 million to $153 m
LaCrosse FW Q4 Net Halved on Higher Expenses
LaCrosse Footwear, Inc. reported consolidated net sales of $35.1 million for the 2008 fourth quarter, up 8% from $32.7 million in the fourth quarter of 2007. For the full year 2008, consolidated net sales were $128.0 million, up 8% from $118.2 million in
Retail Container Traffic to Fall 11.8% in First Half of 2009
After ending 2008 down 7.9%, cargo volume at the nation’s major retail container ports is expected to drop at an even faster pace during the first half of 2009 as the economic recession continues, according to the monthly Port Tracker report released toda
TJX Co.’s Reports 4% Decline in January Comps
The TJX Companies, Inc. saw a 6% decline in net sales for fiscal January to $1.0 billion, down from the $1.1 billion achieved last year. For the 52 weeks ended January 31, 2009, sales reached $18.7 billion, up 2% from the $18.4 billion achieved during the
Costco Comps Slip 2% in January
Costco Wholesale Corporation reported net sales of $5.10 billion for the month of January, down 0.2% from $5.11 billion for the same period last year. Comparable store sales for the month declined 2.0% after an increase of 7.0% last year. For the first tw
Hartmarx Files for Chapter 11
Hartmarx Corp., which makes the Jack Nicklaus, Bobby Jones and Lyle & Scott golf apparel collections, filed for Chapter 11 protection in an Illinois federal bankruptcy court, citing a “substantial decline” in sales to consumers and retailers as well as li
Brunswick Sees Fitness Go Negative on Tough Q4
Brunswick Corporation’s total sales for its fourth quarter ended Dec. 31, 2008 were $837.7 million, a 41.7% drop from last year's sales of $1.44 billion. The company said this drop was primarily the result of marine sales that had dropped 49.7% as we
Kmart Introducing Athletic Line
Kmart is introducing an exclusive athletic footwear and apparel collection called Protege and created by NBA star Al Harrington. The launch of Protege is part of Kmart's footwear re-launch which will feature new and exclusive brands both in stores n
Newton Running Names New President
Newton Running has named Stephen Gartside as president of the technical running footwear company.Gartside will run the day-to-day global operations of Newton Running and work closely with Newton’s founders, Danny Abshire and Jerry Lee…
Asics Sees U.S. Sales Jump 40% in Fiscal Third Quarter
Asics Corp. reported fiscal third quarter sales in the U.S. jumped 19.7 percent to approximately ¥13.94 billion ($145 mm) for the period ended December 31, compared to approximately ¥11.65 billion ($103 mm) last year…
Pro Football Tops “Favorite Sport” List Again
When asked to choose which one sport is America’s favorite, pro football tops the list with 31% of those who follow sports, followed by 16% who say baseball is their favorite, according to The Harris Poll. Rounding out the top five favorite sports are col
GCI Outdoor and RIO Brands Launch Integrity Outdoor Brands
GCI Outdoor Inc. and RIO Brands have launched Integrity Outdoor Brands, a joint venture bringing GCI Outdoor together with RIO Adventure and San Angelo, the sporting goods and hunting divisions of RIO Brands…
SanMar Partners with OGIO in Promotional Channel
SanMar Corp., a supplier of imprintable apparel and accessories, entered into an agreement to gain exclusive distribution of all 54 OGIO products available in the promotional products industry. While SanMar previously carried select OGIO styles, beginning
Sport Footwear Falls Short of Holiday Growth
After many of the publicly traded retailers reported last week, the Holiday 2008 retail business proved to be as disappointing as analysts and prognosticators had forecast. Though anecdotal evidence from much of specialty retail held slightly better resul
SRI Sports Sales Jump on Boost from Cleveland Acquisition
SRI Sports., the new parent company to Srixon and Cleveland Golf, had a strong first three quarters of fiscal 2008 as the addition of the Cleveland business to the sales numbers has more than offset minor declines in smaller divisions. Nonetheless, the co
