Dick's Sporting Goods shares hit 52-week low
Shares of Dick's Sporting Goods (NYSE: DKS) hit a new 52-week low amid a difficult retail environment.
Shares fell $0.32 to close at $18.05, after earlier trading to a new low of $17.84. The stock had traded between $18.33 and $36.77 during the past 52 weeks. Since the beginning of the month, the stock has dropped 21 percent.
In May, Dick's Sporting Goods reported fiscal first-quarter earnings fell 4 percent, hurt by declining sales at established stores, particularly its Golf Galaxy stores. Revenue rose 11 percent but fell short of analyst expectations.
LaCrosse Footwear receives $3 million order from Marines
Danner, a subsidiary of LaCrosse Footwear (Nasdaq: BOOT), received a $3 million delivery order as part of the Mountain Cold Weather Boot contract awarded by the U.S. Marine Corps in 2006.
Danner will supply the U.S. Marines with 19,000 pairs of the Mountain Cold Weather Boot in several shipments in the second half of 2008. To date, this is the largest delivery order related to the 2006 contract. The Mountain Cold Weather Boot is produced in the company’s Portland, Ore., facility.
Columbia Sportswear appoints new VPs
Columbia Sportswear (Nasdaq: COLM) has appointed Tim Bartels to vice president of global footwear sales and promoted Mitch Fields to vice president of global apparel sales.
Bartels, who most recently served as vice president of global sales for Keen, will be responsible for global footwear sales for the Columbia, Sorel and Montrail brands. He has more than 25 years of sales and industry experience, including sales leadership positions with Keen, Nike and DC Shoes, which was acquired by Quiksilver.
Fields, who joined Columbia Sportswear in 2006 as national sales manager of men's apparel, will now oversee global sales for men's, women's and youth apparel. Prior to joining Columbia Sportswear, he led sales efforts for Callaway Golf Footwear and, before that, spent 17 years at Nike.
Luxottica confirms fiscal 2008 outlook
Luxottica Group (NYSE: LUX), parent of Oakley, confirmed its fiscal 2008 guidance during a conference call with investors.
The company previously forecast earnings of $1.29 to $1.32 per share for the full year at constant exchange rates.
Luxottica said the purpose of the conference call was to help investors better understand the company following its $2 billion acquisition of sunglasses maker Oakley last June.
Quiksilver board member resigns
Quiksilver (NYSE: ZQK) said Michael Gray has resigned from its board of directors effective June 23. Gray joined the board in 1991. No replacement has been named yet.
For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on: www.snewsnet.com/cgi-bin/snews/stock_report.html.