Speedo’s Parent Swings to Profit

PVH Corp, the parent of Speedo and Izod, reported fourth-quarter revenues inched 0.8 percent to $2.07 billion but grew 5 percent on currency-neutral (c-n) basis. Said Manny Chirico, chairman and CEO, on a conference call with analysts, “Overall we w

Competitor Group Appoints President

Competitor Group, Inc. appointed Josh Furlow as president, overseeing all of CGI’s global business. Furlow was previously executive vice president of events…

ProdecoTech Acquisition Could Close in April

Paymeon Inc. expects to close on its all-stock acquisition of the remaining 80 percent of e-bike maker ProdecoTech in the next 30 days, the penny stock company disclosed in an annual report filed Thursday…

Adidas Sees 15 Percent Annual EPS Growth Through 2020

At its Investor Day, the Adidas Group presented a new strategic business plan, “Creating the New,” designed to accelerating growth significantly. Revenues are projected to increase at a high-single-digit rate on average per year on a currency-neutra

Adidas Sets Rebound Plan

With a plan built around speeding turnaround, increasing its presence in major cities and customization, Adidas AG revealed a new five-year plan that it projects will lift profits by 15 percent a year through 2020. On the top-line, it expects to outperfor

Shock Doctor Merges with McDavid

Shock Doctor Sports and McDavid Inc. jointly announced that they have agreed to merge their companies. The combination will bring together two leading sports protection and performance companies with complementary product lines and a shared history of inn

PacSun’s Q4 Comps Jump 6 Percent

Pacific Sunwear of California reported comps grew 6 percent in the fourth quarter, its 12th straight quarter of positive comparable store sales. The retailer also reduced its loss from continuing operations before special charges…