Ajanta Oy and Novator have raised their joint stake in Amer Sports Corp to 25.17 pct, Amer said. The companies aim to 'accelerate the growth and transformation' of Amer…
Category: Outdoor
Sports Direct Warns of Tough Six Months Ahead
Sports Direct International, the U.K. sporting goods retailer, predicted an “increasingly difficult” sales environment over the next six months, but still expects to meet its recent guidance…
Gramicci Hires Reality TV Star as Designer
Gramicci has hired Fiji Survivor' contestant Michelle Yi as an assistant designer. In addition to appearing on the CBS reality show, the competitive climber studied design at the University of Cincinnati. Yi, 24, established a reputation for style at
Is the Bloom Finally Coming Off the Industry Rose?
If analysts and investors planning to attend the annual January investor conferences last week were looking for a few tidbits of information to give them some advance information of the health of the public companies presenting, they didn’t have to wait l
While California Retailers Stress Differentiation with Dick’s Sporting Goods…
Sport Chalet, Inc., which is based in northern LA County and has stores in Nevada, Utah, Arizona, as well as California, announced that it expects same-store sales to fall 7.0% for its fiscal 2008 third quarter ended December 30. On the other side of LA C
Skechers Sees Mammoth Opp for Cali…
Skechers reported that its biggest customer was itself, with owned-retail accounting for approximately 20% of total sales through its more than 180 company-owned stores. International is also a large business for the company, pegged at about 20%…
Perry Ellis Sees Life on the Beach and the Links…
Perry Ellis said its Nike Swim business is running up more than 35% as the 2008 swim season gets underway and has “continuous growth opportunities,” heading into the Beijing Olympics, according to comments made by Oscar Feldenkreis, president and COO of P
Quiksilver Looks to Divest Rossignol in Tough Snow Sports Environment; Calendar Challenges…
Quiksilver, Inc. experienced a tougher fiscal first quarter than it initially expected as the general retail softness combined with a tough snow sports environment. As a result, the company decreased its fiscal first quarter expectations to a loss of 9 c
adidas Sees Reebok on Track; Looks at Olympic Commitments…
adidas management told a German newspaper that it has reduced debt faster than expected, so it can begin making acquisitions again by the end of the year. Speaking to the German daily Sueddeutsche Zeitung, adidas CEO Herbert Hainer said the company is esp
adidas in New Sponsor Deals…
Adidas and A.C. Milan have extended their sponsorship deal until the end of 2017. Under the new agreement adidas will also design, produce, distribute and promote a wide range of non-sport related A.C. Milan merchandising articles. Terms of the deal were
Cuts Start at Expanded Jarden…
Stearns, Inc., which was part of the K2 Inc. sporting goods empire acquired by Jarden Corp. last year, has laid off more than 20 employees, including company president Paul Ebnet. According to reports in the St. Cloud Times, the downsizing will be taking
Consolidators See Outdoor Divisions Still Making Biggest Contributions…
VF Corp.’s outdoor coalition of brands will play the lead role in helping the apparel giant meet its recently upgraded five-year growth plans, the company’s new CEO told analysts last week. Wolverine World Wide, Inc. is looking at revenues in the range of
Volcom Adds Sunglasses; Lowers Q4 Outlook…
Volcom began its discussion at ICR with a welcome to the newly acquired Electric Visual business, which was founded by industry veterans, Kip Arnette and Bruce Beach. Electric is mainly known for its sunglasses and goggles, though approximately 15% of the
Holiday Sales Strong for Celtics and Garnett Merchandise…
The NBA reports that the Boston Celtics and the team's All-Star forward Kevin Garnett are the hottest selling merchandise and jerseys, respectively, for the league at the NBA Store in New York City and online at NBAStore.com for the holiday season. T
Apparel Companies Look to New Channels and Categories to Diversify Growth…
Delta Apparel, Inc., parent company to M.J. Soffe, took the stage at both Cowen and ICR to highlight the progress of recent initiatives designed to bolster sales and improve profitability. While it continues to see growth in the screenprint market, Gildan
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