adidas Group sales increased 53% on a currency-neutral basis for the fiscal 2006 year, due in large part to the first-time consolidation of Reebok. In euro terms, Group revenues grew 52% to €10.08 billion ($12.7 bn) in 2006 from €6.64 billion ($8.3 bn) in
Author: James Hartford
Head NV Sees Tough Winter Impact Q4
Head N.V reported that fourth quarter net revenues were down 4.2% to €123.3 million ($159 mm) from €128.7 million ($153.1 mm) in the year-ago period. Net profit for the period was €3.3 million ($4.3 mm), down 5.7% compared to a profit of €3.5 million ($4
SportsOneSource Expands Media Team
The SportsOneSource Group has expanded its Media Services Group team, adding one additional full-time editor and a west coast ad sales manager, while promoting two key managers to expanded roles. Tom Ryan, who had been a Senior Editor with SGB and ran th
WSA Decides to Keep Later Spring ’08 Show Dates
The WSA Show announced the decision to maintain existing dates and locations for the February 2008 show. The show, in the three-day format which will begin in August, will take place as scheduled Feb. 21-23, 2008 at The Mandalay Bay Convention Center and
K-Swiss Sees Continued Drag from Domestic Business
K•Swiss,Inc. reported that total worldwide revenues increased 1.7% to $93.8 million for the fourth quarter of 2006, compared with $92.3 million in the prior-year period. Domestic revenues decreased 18.4% to $52.5 million in Q4 and international revenues
Head NV Looks to Eastern Europe and U.S. for Wintersports Growth
Despite a slowdown in sporting equipment sales Head NV said that customer loyalty has enabled them to drive growth. Company CEO Head Johan Eliasch said that Head expects to remain on course for a record year in 2006 — in spite of the mild winter. In 200
Spenco Shifts Market and RandD Management
Spenco Medical Corporation has made strategic personnel changes within its Marketing and Research & Development teams. The Spenco marketing team is now headed by Cindy Mitchell, who has been promoted to Consulting, Director Marketing. Talia Herman has b
Report: Nike May be Eyeing Own Mall Retail
A Wall Street analyst’s report released this week suggest that Nike, Inc. may soon announce the company’s intent to open their own mall-based specialty stores. The report from Susquehanna Financial Group said that they had been able to verify, primarily
Sunglass Hut Parent Sees Q4 Sales Rise 6.8%
Luxottica Group S.p.A., the parent company of Sunglass Hut and Ray Ban, reported that fourth quarter consolidated sales rose 6.8% to €1.11 billion, or a 13.4% increase when excluding the effects of currency exchange rates. Retail sales were up 0.4% to €7
Rockport Extends Web Service Deal with GSI Commerce
GSI Commerce Inc. has inked a multiyear extension to their e-commerce agreement with GSI Commerce, which includes Web technology, logistics, customer care and marketing services.
VF Corp. Sells Off Intimates Business to Fruit of the Loom
VF Corporation has signed a definitive agreement to sell its global intimate apparel business to Fruit of the Loom, Inc., a subsidiary of Berkshire Hathaway, Inc. for $350 million in cash. VF's intimate apparel business includes such leading brands a
VF Corp. Moves Closer to Acquisition of Majestic
VF Corp. is apparently inching closer to a deal to a acquire Majestic Athletic. While both parties have been mum about a deal since the story first surfaced in a Sports Business Journal article in December, a spokesperson for VF Corp. confirmed Friday th
Garmin and TomTom Both Claim Victory in Patent Dispute
Garmin Ltd. and Amsterdam-based TomTom both claimed victory of sorts over the weekend after a U.S. District Court in Wisconsin issued its decision on pending cross motions for summary judgment filed by Garmin and TomTom in their pending patent litigation.
Dick’s SG Clears Anti-Trust Hurdle in Golf Galaxy Deal
Dick's Sporting Goods, Inc. has received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act in connection with the company's pending acquisition of Golf Galaxy, Inc.
Iconix Nets $190 Million in Secondary Offering
Iconix Brand Group, Inc. has closed a public offering of 13,874,750 shares of its common stock at $18.75 per share, of which 3,090,000 shares were sold by the selling stockholders named in the prospectus, including Mudd (USA) LLC, Mossimo Giannulli, membe
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