SGB Footwear

Adidas Bangs Out 14 Percent Growth In Q4

Adidas reported fourth-quarter sales increased 14 percent on a currency-neutral basis, led by an 18 percent. Combined currency-neutral sales for the Adidas and Reebok brands grew at double-digit rates in key market segments such as North America (29 percent), Greater China (25 percent), Latin America (22 percent) and and Western Europe (12 percent)

Adidas Expands 2020 Growth Targets

Adidas now expects currency-neutral sales to increase at a rate between 10 percent and 12 percent on average per year between 2015 and 2020, up from high-single-digit growth previously. The company also added five more pillars – Corporate Culture, Digital, One Adidas, North America and Portfolio – to drive growth.

RECALL: L.L.Bean Snowshoes

About 3,000 adjustable snowshoes from L.L.Bean are being recalled because the plastic material can weaken and break, posing a fall hazard.

Adidas Appoints CFO

Harm Ohlmeyer, most recently SVP digital brand commerce, has been appointed to the executive board as ordinary member with immediate effect and as CFO of Adidas AG, effective May 12.

NSGA Opposes Border Adjustment Tax

The National Sporting Goods Association has added its name to the list of leading organizations and businesses that oppose passage of the Border Adjustment Tax.

Dick’s Q4 Tops Guidance

Dick’s Sporting Goods Inc. reported first-quarter earnings on an adjusted basis grew 17 percent, ahead of Wall Street analysts, as same-store sales rose 5 percent. The nation’s largest sporting goods chain also forecast double-digit earnings gains in its initial forecast for 2017, although it’s targeting flattish first quarter profits.

Adidas Signs Jabrill Peppers

The 2016 Heisman Trophy finalist was awarded the 2016 Nagurski-Woodson Defensive Player of the Year, Butkus-Fitzgerald Linebacker of the Year and was a unanimous All-American.

Hoka Partners With RunVermont

RunVermont said Hoka One One will become the “Official Shoe” of the People’s United Bank Vermont City Marathon and all RunVermont events.