In an interview with German daily newspaper, Die Welt, adidas’ chief executive, Herbert Hainer, commented that the rumors of a takeover by Nike are completely unfounded. 2008 “will be a record year,” according to Hainer as soccer revenue alone should exce
Category: Footwear
Nike Hires New U.S. Brand Manager
Nike hired Ken Dice as vice president of USA brand management. Most recently, Ken held the position of EVP of marketing for Discovery Communications. For the last three and a half years, he led the marketing teams for The Discovery Channel, The Learning C
Gander Mountain to Acquire Reeds Outdoor’s Baxter Location
Gander Mountain Company and Reeds Family Outdoor Outfitters, a well known regional outdoor retailer based in Walker, Minnesota, announced that Gander Mountain will acquire the inventory and certain assets of the Reeds Outdoor Super Store located in Baxter
Collectible Concepts Looks to Acquire Sports Licensing Companies
Collectible Concepts Group, Inc. announced that it intends to initiate a search for the acquisition of companies in the sports marketing or licensed products industries…
Everlast Investor Criticizes Bid Process
Aquamarine Capital Management LLC, a shareholder of Everlast Worldwide Inc., asked the boxing equipment maker to reconsider a buyout offer from New York-based Hidary Group. Aquamarine said Everlast's refusal to negotiate with Hidary may represent a b
Lululemon Shrinks IPO Offering
Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10 percent, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for
Stein Mart Comps Fall 2.9% in June
Stein Mart, Inc. reported total sales and comparable store sales for the fiscal period(s) ended July 7, 2007. Overall company sales fell 4.9% in June to $127.4 million. Comparable store sales decreased 2.9% for the month…
Spalding Names New Marketing Manager
Spalding has appointed Wendy Unger-Moore as marketing manager. Unger-Moore will be responsible for all marketing related activities as they pertain to the National Basketball Association (NBA), the Women’s National Basketball Association (WNBA) and the Na
Ross Stores Posts 4% Comp Gain
Ross Stores, Inc. reported sales of $545 million for the five weeks ended July 7, 2007, an 11% increase over the $490 million in sales for the five weeks ended July 8, 2006. Same store sales grew 4%…
TJX’s Comps Grow 5%
The TJX Companies, Inc. reported consolidated comparable store sales increased 5% for the five-week period ended July 7. Total sales were up 9% to $1.7 billion from $1.5 billion…
GSI Commerce Partners with Nautica/Kipling
GSI Commerce Inc. announced that it has signed a multiyear agreement with a subsidiary of VF Corporation for the Nautica and Kipling apparel brands. GSI will provide both the Nautica and Kipling brands with technology, customer care, order processing and
Sports Direct buys U.K. Outdoor Retailer, Field and Trek
Sports Direct has acquired a 60% interest in U.K. outdoor clothing and equipment retailer Field & Trek for £5 million (U.S. $10 million.) The U.K. sporting goods chain also has an option to acquire the remaining 40% in the next five years for a further
Nordstrom June Comps Increase 2%
Nordstrom, Inc. reported preliminary sales of $851.1 million for the five-week period ending July 7, 2007, an increase of 2.9% compared to sales of $827.0 million for the five-week period ending July 1, 2006. Same-store sales increased 2.0%…
Wolverine Increases Guidance on Strong Q2 Results
Wolverine World Wide, Inc. second quarter 2007 revenue totaled $250.3 million, a 5.0% increase over second quarter 2006 revenue of $238.5 million. Earnings per share for the second quarter of 2007 were 28 cents compared to the 25 cents reported for the se
Kellwood Completes Royal Robbins Acquisition
Kellwood Company has completed the purchase of Royal Robbins, Inc., according to Robert C. Skinner, Jr., Kellwood chairman, president and chief executive officer. Royal Robbins will operate as part of Kellwood's American Recreation Products division.
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