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Sports Executive Weekly has quickly become one of the most trusted and widely distributed trade newsletters
servicing the Sporting Goods, Athletic Footwear, and Athletic Apparel markets. SEW, as it
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Amer Sports Increases Fourth Quarter Profits Despite Sales Decline
Amer Sports’ fourth quarter was impacted by challenging conditions in the sporting goods market throughout 2009 as well as weak global economic conditions and uncertainty about the financial markets' performance...(2/8/2010)
January Retail Gains Wrap Up Stronger Holiday Season, but Analysts Warn of Regression
Fresh off a promising December that saw retailers report 2.8% growth against easy year-ago comparisons and a late holiday spending spree, January retail results foresaw consolidated same-store sales surge 3%-- well above initial projections -- despite nasty winter weather and whittled-down clearance racks in stores...(2/8/2010)
Timberland Fourth Quarter Earnings Soar Despite Flat Sales
The Timberland Company saw fourth quarter earnings jump nearly 70% despite flattish revenues as strong growth from the SmartWool brand and performance footwear were offset by declines in boots in North America and Asia...(2/8/2010)
Wolverine World Wide Sees Growth Resuming in 2010 after Down Fourth Quarter
Wolverine World Wide’s fourth quarter profit fell on currency exchange impacts, restructuring costs, and a 9.7% sales decline to $312.5 million. But the company predicted a return to growth in 2010, citing a strong performance at its owned-retail businesses, strengthening at Merrell, and noticeably improved backlog across its brands in the fourth quarter...(2/8/2010)
Asics Corp Sees Double-Digit Sales Decline in Fiscal Q3; U.S. Up Single Digits
Asics Corporation posted an 11.0% decrease in revenues for the fiscal third quarter ended December 31. Total consolidated worldwide revenues were ¥164.3 billion ($1.83 bn), compared to ¥184.6 billion ($1.90 bn) in the year-ago quarter...(2/8/2010)
Johnson Outdoors Narrows Fiscal Q1 Loss
Johnson Outdoors, Inc. cut its losses from continuing operations by more than a third in the fiscal first quarter ended Jan. 1 on a 1% rise in net sales, primarily driven by a resurgent diving business and a 3.5% sales gain at its largest business – marine electronics...(2/8/2010)
Sport Chalet Sees Tax Relief Help Narrow Fiscal Q3 Loss; Comps Fall Again
With help from tax loss carry-forwards extended under last year’s stimulus package, Sport Chalet, Inc. cut its net loss for the fiscal third quarter by 88% despite a decline in sales...(2/8/2010)
Adidas Restructures U.S. Staff
Adidas America, Inc., last week laid off a small number of employees as part of a U.S. restructuring at its Portland, OR headquarters but indicated that it still expects to see job growth in the U.S. this year...(2/8/2010)
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