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…
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
KangaROOS Appoints Northeast Reps
KangaROOS USA has added two key former Puma North America sales reps to its team to cover the Northeast region…
Swanson Russell Named Marketing Lead for Geonav Marine Electronics
Johnson Outdoors has tabbed Swanson Russell to lead marketing efforts in Europe and the United States for its Geonav brand of marine electronics. Headquartered in Racine, WI., Johnson Outdoors Inc. acquired the Italian-based Geonav company in 2007. Produc
SEC Seeks More Than $22mm from Ex-Kmart CEO
The U.S. Securities and Exchange Commission is seeking more than $22 million from the former CEO of Kmart Corp., Charles Conaway, for “intentionally lying” to Wall Street and concealing information from Kmart directors prior to its bankruptcy filing in 20
Lafuma moves U.S. HQ to Lafayette, CO
Lafuma America Inc. is moving its U.S. headquarters from Broomfield, CO, to Lafayette, CO…
Confluence Watersports Hires COO
Confluence Watersports hired Larry Knust as its chief operating officer. Shane Cobb is the new vice president, human resources; and Barbara Tobin has been named the customer service director. All three were hired in late second quarter 2009…
