Adidas AG reported strong third-quarter results, helped by double-digit sales increases in its performance business and at its urban wear units Adidas Originals and Neo. The company also announced plans to restructure its Reebok brand.
Category: Apparel
Gildan Activewear Lowers Guidance On Q3 Shortfall
Gildan Activewear Inc. slightly lowered its guidance for the year due to lower than anticipated results in the third quarter and tempered branded apparel sales expectations in the fourth quarter.
Zumiez’s October Sales Jump
The action sports retailer lifted its guidance following its report of a 10.2 percent October comp gain.
Report: JackRabbit Hits Selling Block
Sources told Bloomberg Finish Line’s run specialty segment could draw interest from private equity firms and other sporting goods chains.
Under Armour Opens Boston Brand House
The new location will offer localized Boston apparel, including Boston Red Sox gear and the New England Patriots NFL Combine Authentic Team collection.
Can Finish Line Find A Buyer For JackRabbit?
The report of a potential sale comes as the segment is improving its business, yet still underperforming its parent company’s expectations.
Stio Opens ‘Mountain Studio’ Retail Store In Teton Village
The Jackson Hole, WY-based mountain apparel brand will open a shop at the base of the ski resort for the holiday season.
Big 5 Sees Big Benefits From Competitor Closures
With Sports Authority and Sport Chalet out of business, Big 5 took advantage in the Western U.S. of being one of few remaining sporting goods outlets. But new competition is coming.
Body Glove Acquired By Marquee Brands
Body Glove is the third investment for Marquee Brands, following its acquisition of Italian luxury brand Bruno Magli and British fashion brand Ben Sherman.
Hibbett Sports Adds Board Member
Karen S. Etzkorn, EVP at HSNi, joins the board, bringing its current membership to nine directors.
Puma’s Jay Piccola To Retire
The president and general manager of Puma North America region since 2000 will retire, mid-2017.
Big 5 Sales Rise Thanks To Closed Competition
With Sports Authority and Sport Chalet stores now closed, Big 5 stores benefitted with a 6.8-percent rise in same-store sales for the third quarter.
Sports Licensing And Tailgating Show Taps Interbike Director
Pat Hus will head Emerald Exposition’s Sports Licensing and Tailgating Show in addition to continuing to lead the company’s Interbike trade show.
Black Diamond Aims To Diversify With Acquisitions
Even as the company’s stock emerges as a way for investors to profit from the proliferation of climbing gyms, the company has scratched other outdoor equipment brands from its acquisition shopping list.
Carbon 38 Activewear Hires Chief Marketing Officer
Carbon38, a luxury activewear and athleisure retailer, hired Lisa Kraynak as chief marketing officer.
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