adidas Q4 Sales Grow 14% Currency-Neutral

The adidas group reported that fourth quarter revenues grew 14% on a currency-neutral basis, driven by strong sales increases at both adidas and TaylorMade-adidas Golf. Reebok sales, however, declined. On a regional basis, sales grew by double-digit rates

Fila EMEA Management Undergoes Buyout

Fila has agreed to a management buyout of its Europe, Middle East, Africa and Indian sub-continent division for an undisclosed sum. Chief executive Stefano di Martino led the buyout and will continue in the same role. Former Adidas global marketing direct

Golfsmith Q4 comps down 4.6%; Net Loss Widened by Charges

Golfsmith International Holdings, Inc. saw fourth quarter net revenues increase 5.3% to $79.0 million from $75.0 million for the fourth quarter of fiscal 2006. The increase includes net revenues from 13 non-comparable retail stores opened after December 3

Gildan Sees Sock Programs Bolster Strong Q1

Gildan Activewear Inc. reported first quarter net sales increased 34.8% to $250.5 million from $185.8 million for the same period last year. The increase in sales revenues was due to an increase of 92.7% or $39.4 million in sock sales due to the acquisiti

Umbro’s CEO Steve Makin Exits

Nike, Inc. and Umbro announced that Steve Makin, CEO and board member of Umbro Plc, has decided to leave the company. Effective immediately, Makin will be succeeded as president and CEO by Matthew Cook, who most recently was general manager of Nike Italy.

Umbro CEO Steps Down as Nike Takes Over

The CEO of Umbro, Steve Makin, will be replaced by an in-house man from Nike in the form of Matthew Cook. Cook will take on the position of president and CEO following his most recent stint as general manager of Nike Italy. Makin joined Umbro in July 2006

Phoenix Receives $14.3M Payment

Phoenix Footwear Group, Inc. said Tactical Holdings Inc. had paid $14.3 million, or the bulk of the price it agreed to pay for Phoenix's Altama Delta division. Phoenix agreed to sell the military footwear divison to Tractical in December 2007 as part

Summit Golf Names VP, Global Manufacturing and Sourcing

Summit Golf Brands has named apparel-industry veteran David W. Santana as its new VP, global manufacturing & sourcing. In his new role, Santana will be responsible for product development and worldwide sourcing of high-end golf wear. He also will be respo

Rocky Brands Hurt by Drop in Hunting Boot Sales…

Rocky Brands Inc.'s Q4 sales increased 2.8% to $72.5 million from $70.6 million as gains at retail offset declines in its outdoor and western footwear divisions. Hunting footwear sales slid 38.2% to $6.8 million from $11.0 million primarily due to a