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  May 22, 2013
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Today's Top Story:

Dick's SG's Q1 Comps Miss Plan

Dick's Sporting Goods, Inc. reported a modest gain in first-quarter earnings, in line with expectations. Adjusted for the shifted calendar due to the 53rd week in 2012, consolidated same store sales decreased 3.8 percent, compared to its guidance of an approximate 1 to 2 percent decrease. Shifted same store sales in the first quarter of 2013 for Dick's Sporting Goods decreased 3.2 percent and Golf Galaxy sales decreased 11.8 percent... Click for Full Story >>>

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Fewer than 10 percent of youth football players incurred an injury while playing, and of those injuries, 64 percent were minor where athletes returned to play on the same day, according to preliminary findings of a study released by USA Football that may be the most comprehensive ever conducted on the subject...(5/22/2013)

 

Fenix Outdoor Group reported that its sales in the United States increased 10 percent to SEK 42.3 million ($6.5 mm) in the first quarter ended March 31 on top of 8 percent growth a year earlier as it expanded distribution of its Fjällräven brand with dealers already carrying its Brunton and Primus brands...(5/22/2013)

 

The Outsiders Ball has sold out all its Platinum Level sponsorships and is now offering Bronze level sponsorships for $2,500. The inaugural event, which will take place in Salt Lake City on the eve of Outdoor Retailer Summer Market, aims to raise $300,000 for Outdoor Nation and community projects across the U.S. aimed at increasing youth participation in outdoor recreation...(5/22/2013)

 

Pacific Sunwear of California, Inc. reported sales from continuing operations for the first quarter of fiscal 2013 ended May 4, were $169.8 million versus net sales from continuing operations of $162.3 million a year ago. Comparable store sales increased 2 percent...(5/22/2013)

 

REI (Recreational Equipment Inc.), Foot Locker and Nike are among the 19 national retailers who announced Tuesday that they have each individually decided to object and opt out of a proposed class action settlement of an antitrust lawsuit challenging fees – called interchange or swipe fees – that Visa and MasterCard fix for banks to charge merchants for the use of Visa and MasterCard credit and debit cards...(5/22/2013)

 

The SFIA will have New Balance President & CEO Rob DeMartini and the Aspen Institute’s Director of Sports & Society Program and Emmy-award winning ESPN reporter Tom Farrey participate as speakers at the inaugural 2013 SFIA Industry Leaders Summit to be held September 25-26 in Baltimore, MD...(5/22/2013)

 

SnowSports Industries America (SIA), the snow sports industry’s member-owned trade association, convened its Backcountry Committee in Denver, Colo. this month for the second time since October 2012 to discuss best practices for communicating with the industry and consumers about the opportunities and risks in the backcountry...(5/22/2013)

 

Thorlo, originator of the Thorlos brand and one of the few sock manufacturing companies to maintain full operations in the USA, has responded to Operation Gratitude's request to help fill its care packages with 1,000 pairs of clinically-tested padded military socks... (5/22/2013)

 

Memphis Mayor AC Wharton announced groundbreaking plans Wednesday to implement a network of protected bike facilities in a move that could transform a city identified five years ago as one of the country's worst for biking to one of its best...(5/22/2013)

 

More than $100,000 of winter apparel was distributed to kids affected by Hurricane Sandy this month at two events organized by SnowSports Industries America (SIA) and New York City-based charity Kids in Distressed Situations (K.I.D.S.)...(5/22/2013)

 

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