Nike Pulls Peterson Merchandise from Twin Cities Stores

September 16, 2014

Are you looking for an Adrian Peterson jersey?

In the wake of the scandal involving the Vikings running back and his indictment for alleged child abuse, Nike has decided to pull all Peterson merchandise out of their stores in the Twin Cities area. So, if you’re in Minneapolis or St. Paul, you’re out of luck.

Read the rest of the story at FoxSports.com

Dick’s Sporting Goods to Open in Franfort, KY

September 4, 2014

Dicks-Sporting-Goods-logo-smallDick’s Sporting Goods will be opening its 11th store in Kentucky and 577th store nationwide on Friday, September 5th at 7800 John Davis Drive Parkside in Frankfort, KY. The three day grand opening celebration will run through Sunday, September 7th. The store will open at 8:00 a.m. Friday and Saturday and 9:00 a.m. Sunday. They will be doing giveaways all three days.

The new location will feature Nike and Under Armour shops, athletic and outdoor apparel and footwear and the latest gear for team sports, fitness, camping, hunting and fishing. More than 40 in-store services by DICK’S certified PROS in sports and outdoor specialties such as bike, golf and fishing will also be available.

Escalade to focus more on the Sporting Goods Segment

August 31, 2014

esc-logo-topEscalade, Incorporated today announced that its Board of Directors has unanimously approved a plan to focus the Company on the Sporting Goods segment. The Company conducted a careful evaluation of each business unit with the objective of increasing shareholder value and redeploying capital where possible. Escalade believes its focus on the Sporting Goods segment will facilitate better deployment of Company resources, increased market leadership and greater returns for shareholders.

Revenue from the Sporting Goods business was flat for the second quarter of 2014 and up 4% for the first half of 2014, compared with the same periods in 2013. During the first half of 2013, the Company realized exceptional sales growth in certain categories that was not matched during the first half of 2014. The Company expects improved sales growth for the remainder of the year.

The Sporting Goods gross margin ratio for the first half of 2014 was 31.3% compared to 33.6% for the same period in 2013. Decreased gross margin resulted from lower sales in certain higher margin categories and increased product research and development investments.

“We are excited to announce Escalade’s clear strategic vision for the Sporting Goods segment,” stated Robert J. Keller, President and Chief Executive Officer of Escalade, Inc. “We are a team of sports and outdoor enthusiasts with a passion for innovation and a close connection to our brands and the active lifestyles they inspire. We look forward to building Escalade into a premier Sports and Outdoors company that will play an important leadership role in the $27 billion Sporting Goods equipment industry. Strong cash flow from profits in the Sporting Goods segment and proceeds from the sale of the Print Finishing business allowed the Company to reduce its debt by more than 50% thus far in 2014. As a result, the Company is pleased to increase its quarterly dividend.”

Escalade owns a line of popular brands including Prince, Stiga, Goalrilla, Goaliath, Minnesota Fats, Harvard, Arachnid, Accudart to name a few. To obtain more information on the Company and its products, visit our website at: Escaladeinc.com.

Scheels Pledges $1M to MN College

August 29, 2014

FARGO, N.D. (AP) — A Fargo-based sporting goods company has pledged a million dollars to Minnesota State University-Moorhead in exchange for the naming rights of its football field.

WDAY-TV reports Scheels All Sports has promised to donate the money in hopes of putting artificial turf on the Dragons’ stadium.

Incoming university President Anne Blackhurst is running 50 laps around the school in honor of her first year. Scheels’ CEO Steve Scheel says he will donate $20,000 to the school for every lap Blackhurst completes up to 50.

Read the rest of the story at CBSLocal.com.

Dick’s Sporting Goods to Open Two New Florida Stores

August 18, 2014

Dick’s Sporting Goods, is opening two new stores in Florida which will be located in Lakeland and Coral Springs.

Both the stores offer over 40 in-store services by DICK’S certified PROS in sports and outdoor specialties such as bike, golf and fishing.

The Stores will open the weekend of August 22nd.

With the opening of these stores, store count of the retailer will touch 30 in Florida and 576 across USA.

Dick’s Sporting Goods Seen Harmed By Golf’s Decline

August 12, 2014

Continued weakness in sales of golf gear and guns could send Dick’s Sporting Goods (NYSE:DKS) second-quarter results below already-lowered forecasts. RBC Capital Markets analyst Scot Ciccarelli said in a Monday research note the golf industry “remains under fire as rounds played continue to fall and players continue to leave the game.”

The National Golf Foundation, he pointed out, said rounds played are down 2.1% this year through June. A survey from the organization estimated a drop of 600,000 golfers last year alone.

Ciccarelli lowered his Q2 comp sales growth forecast to 0.2% from 1.7% and his EPS estimate to 66 cents from 68 cents (it was 84 cents prior to the Q1 report). His 2014 EPS estimate falls to $2.75 from $2.80. Consensus EPS views are for 66 cents in Q2 and $2.79 for the year.

Read More At Investor’s Business Daily: news.investors.com

Academy to Open 4 New Stores in Orlando Market

August 3, 2014

PRNewswire – Academy Sports + Outdoors, a premier sports, outdoor and lifestyle retailer, announced it will open four stores in the Orlando, Florida area in 2015. The four stores will be located in Kissimmee, Lake Mary, Waterford Lakes and Melbourne. In addition, Academy has formed a multi-year partnership with the Univ. of Central Florida.

DA17612LOGO“We are extremely excited to continue our store expansion further south into Florida and become an active member of the Orlando community,” said Ken Attaway, Academy’s executive vice president and chief operating officer. “We look forward to offering active-minded families and outdoor enthusiasts in the Orlando area a fun new option for all their sports, outdoor and lifestyle needs at our everyday low prices.”

All four Orlando-area stores will be approximately 63,000 square feet. Each store will create approximately 125 new jobs. The stores will provide many services including assembly and delivery, hunting and fishing licenses, scope mounting, bore sighting, line winding/spooling, propane exchange and racquet stringing and have a broad selection of local sports team gear.

Academy Sports + Outdoors currently has five stores in north Florida: one in Pensacola, one in Tallahassee, and three in Jacksonville.

Man Crashes Into a Dick’s Sporting Goods Store

August 2, 2014

PERKINS TOWNSHIP —A Sandusky man plowed his Cadillac through the front of Dick’‍s Sporting Goods in Erie County’‍s Perkins Township Thursday night after suffering a medical condition, narrowly missing employees and shoppers before hitting the back wall, Perkins Township authorities said.

Charles Hacker, 78, was transported to Firelands Regional Medical Center in Sandusky after the 8:50 p.m. incident, along with his wife, Dianne Hacker, 74. Perkins Township Police Chief Ken Klamar said their injuries were not life threatening. A hospital spokesman said the husband and wife were both listed in good condition early today.

No one in the store was injured, although at least two employees and a man shopping for shoes with his young son had to jump out of the way.

Read more at ToledoBlade.com.

Nike’s Secret New York Vending Machine Trades Free Swag For FuelBand Points

July 26, 2014

Free Nike gear sitting in the middle of a public place? This will either go down in the books as a damned clever marketing move or a great way to cause a panic.

Early this morning, we started hearing whispers of a vending machine that had been plopped down somewhere in New York. But there’s a twist! Two twists, really. This vending machine only dishes out Nike gear… and it doesn’t accept cash. To get something out of the machine, you’d need to cough up some points from a Nike FuelBand.

Read the rest of the story at TechCrunch.com.

Nike Ends Manchester United Sponsorship Over Valuation

July 16, 2014

Nike has ended sponsorship talks with Manchester United because the record 20-time English soccer champion wants more than 60 million pounds ($102.8 million) a year to renew the deal to supply uniforms.

Under its existing 13-year deal, which expires July 31, 2015, United receives 23.3 million pounds a year plus a share of profits from merchandise sales.

I’m sure Adidas will make a pitch, however, Nike does have the right to match any offer.