Boosted by strong momentum in both basketball and running footwear, Foot Locker Inc. churned out a comp gain of 10.2 percent in the fourth quarter. Excluding currency fluctuations, comps were still up a healthy 6.7 percent…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Fixing NA Becomes Top Priority for Adidas in 2015
Capping off a challenging year, Adidas AG significantly widened its fourth-quarter loss. The net loss came in at €140 million ($155 million), compared with a loss of €10 million for same period the year before…
Columbia Sportswear Names Bryan Timm President
Columbia Sportswear Co. promoted Bryan Timm, a 17-year company veteran, to president as part of several moves addressing structural and succession issues…
Smith and Wesson Sees More Stability in Q3
Smith & Wesson reported third-quarter sales sunk 10.5 percent to $130.6 million, but the decline was ahead of guidance calling for sales between $113.0 and $118.0 million…
Vestis Retail Group Appoints CFO
Vestis Retail Group, LLC, which owns Bob’s Stores, Eastern Mountain Sports and Sport Chalet, appointed Susan J. “Sue” Riley to the position of chief financial officer…
Golf Rounds Climb in January
According to Golf DataTech, golf rounds played across the country rose 4.9 percent in January versus the year-ago month…
Adidas Fourth Quarter Loss Widens
Adidas AG sharply widened its fourth-quarter loss, hurt by goodwill impairment charges, negative currency effects and losses from its recently-sold Rockport brand. Sales of TaylorMade-Adidas Golf fell 24 percent on a curency-neutral (c-n) basis but Reebok
Under Armour Sets Opening for Chicago Store
Under Armour is set to open the doors of its newest specialty retail location Friday at 600 North Michigan Avenue on Chicago's Magnificent Mile. Under Armour's newest store will feature two floors of the brand's latest innovations…
Nike Extends Contract with Kentucky
Nike will extend its sponsorship deal with the University of Kentucky through 2025, according to the Portland Business Journal…
Asics Celebrates 30th Year of LA Marathon
Asics, title sponsor of the Asics LA Marathon, will celebrate the 30th edition of the race by honoring its history and creating a series of larger-than-life activations across Los Angeles…
Buckle’s February Comps Slip
The Buckle, Inc. reports comparable store net sales in February decreased 2.7 percent…
UA Names Fulks President of Footwear and Innovation
Under Armour Inc. said Kip J. Fulks, one of the original founders of Under Armour and formerly the company’s chief operating officer and president of product, has been named president of footwear and innovation…
HanesBrands Completes 4-for-1 Stock Split
HanesBrands, the parent of Hanes, Champion and Gear for Sports, executed its previously announced 4-for-1 stock split…
Mizuno Expands Partnership with Back on My Feet
Mizuno is extending its commitment to Back on My Feet, becoming the official national running shoe provider for the nonprofit organization…
Nike Appoints GM of Global Footwear
Nike, Inc. plans to appoint Michael Spillane as VP and GM of global footwear. effective June 1. In his current role as VP and GM of Greater China, Spillane led the strategy to reset the market in Greater China. Angela Dong, currently CFO in Greater China,
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