Fitness: Did You Hear?...

Dick's Sporting Goods sales, GSI Commerce sales, Michael Hoffman to be Dr. MH, Big Five Sporting Goods sales, PEP gets federal funding, 24-Hour Fitness touts sex
Author:
Publish date:

>> Fitness PR all-around guy Michael Hoffman has pared down his involvement in the industry to get a Ph.D. behind his name. Sometime in late 2006, it'll be Dr. MH to you, thank you very much. Hoffman has started a post-graduate program in clinical psychology at the Pacific Graduate Institute near Santa Barbara, Calif. He's still working with Matrix Fitness, but that's about it right now. Oh, and you know he's serious about this: He even sold his beloved Harley.

>> Congress has finalized a 20-percent increase in funding for the Physical Education for Progress (PEP) program. This funding, part of the omnibus spending act, was expected to be approved last week. The funding will mean $60 million in 2003 will be provided in grants to local school districts and community organizations. PEP funding was $50 million in 2002 and $5 million in 2001. PEP grant funds are used to purchase fitness/sports equipment and train teachers in innovative physical education programs. Applications from local schools will be accepted by the U.S. Department of Education beginning in March. Grants will be awarded in September.

>> Big 5 Sporting Goods Corp. (NASDAQ: BGFV) in the 2002 fourth quarter showed a net sales increase of $6.9 million, or 4.1 percent, to $176.7 million from $169.8 million in the fourth quarter of 2001. Same store sales increased 0.4 percent versus the fourth quarter last year, representing the 28th consecutive quarterly increase in same store sales over comparable prior periods. Gross profit margin increased 0.5 percent during the fourth quarter to 36.1 percent from gross profit margin of 35.6 percent for the same period last year. For fiscal year 2002, net sales increased by $45.0 million, or 7.2 percent, to $667.5 million from $622.5 million for fiscal year 2001. Same store sales increased 4.0 percent over the prior fiscal year.

>> We know Valentine's Day was last week, but puuuleez.... Herewith, a headline on a press release from 24-Hour Fitness: "Research Shows Direct Correlation Between Exercise and Improved Sex Lives." No, seriously. According to the club chain, a gift of fitness to sweethearts "is almost a sure bet that their sex lives will improve too." Heck, they're so good, they even cited studies from universities to back up that sex claim. No, seriously. Oh, and hope you had a Happy Valentine's Day.

>> GSI Commerce Inc. (NASDAQ: GSIC) has entered into an agreement with Rockport Co. Inc., a Reebok-owned company, for GSI Commerce to operate the online retail store at rockport.com. GSI will develop and operate the e-commerce store at rockport.com, including technology, fulfillment and customer service. The online store will offer Rockport branded shoes for men, women and children as well as accessories including shoe care products and handbags. In other GSI news: Net revenue was $75.3 million for the fourth quarter of fiscal 2002, which represents a 46.6 percent increase compared to net revenue of $51.4 million for the fourth quarter of fiscal 2001.

>> Dick's Sporting Goods Inc. (NYSE: DKS) announced net sales for the 13-week period ended Feb. 1 increased 16.1 percent to $395.2 million compared with $340.5 million for the comparable 13-week period a year ago. Comparable store sales increased 4.9 percent for the 13-week period a year ago. The company said that, due to better-than-expected fourth quarter sales and margin rates, EPS guidance is being increased to a range of $0.80 to $0.81 per diluted share for the fiscal fourth quarter. Earnings for the year will be reported March 13.

Related

Fitness: Did you hear?...

>> Fattest cities unite! Southern belt wins in the need to loosen belts. The federal Centers for Disease Control and Prevention in Atlanta, Ga., recently released its list of the five fattest major cities in America. According to the CDC, you may be in the blubber belt if you ...read more

Fitness: Did you hear?...

>> Technogym has been chosen as the exclusive supplier of fitness equipment for the Athens Olympics by the Greek Olympic Committee. On the grounds of the Olympic Village will be set up 11 gyms with more than 300 pieces of equipment that more than 10,000 athletes from 200 ...read more

Fitness: Did you hear?...

>> GERMANY -- Sales at sporting goods stores for February compared to February a year ago were down a whopping 13 percent in Germany, based on a survey of 89 representative stores by the German trade magazine sport+mode. Comparing the first two months of this year to the same ...read more

Fitness: Did you hear?...

>> Physi-Cal, the maker of the Mio heart-rate monitor and so-called "lifestyle watches," has hired Mardy Grossman for its newly created position of vice president of sales. Grossman has held executive positions with Kraft and Norske. At Mio she will direct continued sales ...read more

Fitness: Did you hear?...

>> The Super Show rolled out the red carpet for tens of thousands of attendees from around the world in Orlando, Fla., on its opening day Monday, Jan. 12, with special guest appearances by the likes of Sammy Sosa, and aisles that although slow-to-fill began steadily moving by ...read more

Fitness: Did you hear?...

>> In another way to personalize its staff members to customers, salespeople at The Fitness Experience stores will stop using business cards. Nope, no more of those boring little cards. Instead, a la popular police cards, the staffers will handout mini-baseball-cards -- complete ...read more

Fitness: Did you hear?...

>> GERMANY -- Amer Group CEO Roger Talermo told the German financial paper Handelsblatt that the company is looking toward additional acquisitions. "An acquisition worth about Euro 300 million wouldn't be any problem for us," he told the paper. (In today's money, that would be ...read more

Fitness: Did You Hear?...

>> At 11:40 a.m. on the first day of The Super Show, the fire alarms at the Sands Expo suddenly opened up with a piercing whooping screech. Most heads didn't even pop up, and no one made a move for the door. One exhibitor near the door said, after a couple of alarm whoops: "Hey ...read more

Fitness: Did you hear?...

>> Not that SNEWS watches such trendy programs as "Queer Eye for the Straight Guy." Naaaah. But if you saw the one about the guy who lost 100 pounds and was getting a TV makeover, you'll see the Fab 5 take him to the New York Sports Club, discuss some workout components with a ...read more