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  May 17, 2012
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Today's Top Story:

Dick's SG Raises FY Guidance on Robust Q1

Dick's Sporting Goods, Inc. reported first-quarter profits surged 52.5 percent to $57.2 million, or 45 cents a share, exceeding the company's earnings expectations provided on March 6, 2012 of 36 cents to 38 cents per diluted share. Sales increased 15.1 percent to $1.3 billion, helped by an 8.4 percent increase in consolidated same store sales. Comps grew 7.3 percent at Dick's Sporting Goods stores, 12.6 percent at Golf Galaxy and a 33.4 percent in the company's eCommerce business... Click for Full Story >>>

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Foot Locker, Inc. announced the promotion of Richard A. Johnson to the position of executive vice president and chief operating officer, effective immediately. Johnson will retain responsibility for all of the company's store banners worldwide... (5/16/2012)

 

Audi presented Wednesday a prototype of a high-performance e-bike at the Worthersee Tour in Carinthia Austria, ushering in a category of e-bikes that can be used for sport and trick riding... (5/16/2012)

 

The Pennsylvania Department of Conservation and Natural Resources is again partnering with Gander Mountain to provide first-time campers with needed gear and a reservation for two nights at a participating state park for just $20. Last year, almost 500 people experienced camping in a state park for the first time as a result of the promotion...(5/16/2012)

 

Skechers USA, Inc. said it has settled all domestic legal proceedings relating to advertising claims made in connection with marketing its toning shoe products, including its Shape-ups line of shoes. While continuing to stand behind its toning technology, Skechers said the settlement will result in substantial net savings over the exorbitant long-term cost of defending against multiple legal proceedings brought by federal and state regulators and private consumer class actions lawyers... (5/16/2012)

 

Dreams Inc., the owner of Fansedge, reported revenues in the first quarter increased 25.4 percent to $29.5 million from $23.5 million a year ago...(5/16/2012)

 

Grassroots Outdoor Alliance announced its second new retailer member this week. Outdoor Source operates stores in Columbus and Westerville, OH...(5/16/2012)

 

Puma announced that it has established a 100 percent owned subsidiary in Israel in order to be able to exercise full control of its business activities there. Puma Israel will begin operations on Jan. 1, 2013...(5/16/2012)

 

Rawlings Sporting Goods Company, Inc signed on as a supporter of the newly-formed Youth Football Safety and Helmet Replacement Partnership, which will replace 13,000 helmets in 2012 in low income communities...(5/16/2012)

 

Redcats USA appointed Jonathan (Jon) Bernstein CEO of The Golf Warehouse, effective immediately. Bernstein has been named to the Redcats USA executive team and will be located in Wichita, KS, the home of The Golf Warehouse. He will report to Jay Berlin, CEO of The Sportsman’s Guide...(5/16/2012)

 

SCARPA North America retained Summit Sales to oversee sales of SCARPA products in the Pacific Northwest territory moving forward. The company also promoted two key staff members, Paul Nanawa and Steve Jozefczyk, to new sales positions internally...(5/16/2012)

 

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