Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.45 | American Apparel ▼ -0.006 | The Buckle ▼ -0.83 | Columbia ▼ -0.31 | Deckers Outdoor ▼ -1.45 | Dicks ▼ -0.52 | Foot Locker ▲ +0.04 | Genesco ▼ -0.67 | Iconix Brand Group ▲ +0.15 | Jarden Corp ▲ +0.10 | Nordstrom ▼ -0.62 | Luxottica ▼ -0.63 | Nike ▲ +0.93 | Pacific Sunwear ▲ +0.01 | Skullcandy ▼ -0.20 | Sport Chalet ▲ +0.04 | Urban Outfitters ▼ -0.64 | VF Corp ▼ -0.28 | Quiksilver ▲ +0.07 | Zumiez ▼ -0.31 | Macys ▼ -1.83 | Tillys ▲ +0.01 |
Ticker Sponsor
Readers Say
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

Two chains say weak snow hurt sales

Two chains say weak snow hurt
By Tiffany Montgomery
January 12, 2012 6:58 AM

Two large sporting goods chains announced weak winter weather is impacting sales.

 

Dick’s Sporting Goods said this morning that warmer and drier weather impacted sales and inventory levels in the second half of the quarter.

 

The company now expects fourth quarter same store sales to be slightly negative to slightly positive vs. its previous forecast of flat to up 1%.

 

While sales are margins were pressured in the fourth quarter, the company said better than expected operating leverage helped shore up the bottom line.

 

Big 5 said fourth quarter same store sales declined 2.1%. The company had expected comps to rise in the low-to-mid single digits.

 

Winter apparel sales have been particularly hard it, the company said.

 

Excluding winter goods, fourth quarter same store sales were slightly positive.

 

Because of the warmer than expected weather and soft post Christmas sales, Big 5 cut its fourth quarter earnings forecast. The company now expects earnings per share of 2 to 5 cents vs. the 12 cents to 24 cents it had anticipated.

 


Articles You Might Have Missed