adidas-Salomon Sees Continued North America Weakness
At a round-table discussion with journalists at ispo in Munich, Herbert Hainer, adidas-Salomon CEO, re-confirmed full year projections of 5% currency-neutral sales growth, a gross margin of 42-43% and earnings growth of between 10 and 15%. However, curre
Pacific Sunwear Appoints Outlet Head
Pacific Sunwear of California Inc. announced the appointment of Bill Rosenbaum to the newly created position of vice president/GMM Outlet. Rosenbaum was formerly PacSun's VP/GMM of Young Men's and has been with the company since April of 2000…
Kmart Files to Recover $49 Million From Vendor
Kmart Holding Corporation confirms that it has filed a complaint in U.S. Bankruptcy Court for the Northern District of Illinois against Handleman Company to recover the $49 million critical vendor payment Kmart paid to Handleman at the outset of Kmart
Johnson Outdoors to Replace Head of Diving Unit
Johnson Outdoors Inc. is conducting a worldwide search for a new head for the company's Global Diving business based in France, following the departure of Mr. Mamdouh Ashour from the company. The unit manufactures and markets diving equipment and in
Nike Issues Statement on High Court Ruling
The U.S. Supreme Court today dismissed on technical grounds a case in which Nike was seeking to reaffirm the First Amendment right to free and open debate. Nike had challenged in the High Court a California state court ruling that adopted a legal standa
REI to Offer Store Pick-up for Online Orders
Recreational Equipment, Inc. has launched its first REI Store Pickup service for online orders. Customers placing orders through REI.com or REI-OUTLET.com now have the
option of picking them up at any REI store free of shipping charges…
NSGA: Internet Increases Share of Sports Equipment and Footwear Purchases
Purchases of sports equipment on the Internet continue
to grow, according to data in the National Sporting Goods Association consumer purchases study “The Sporting Goods Market in 2003.” For 2002, the Internet was the source of 4.6% of all sports equipmen
W.C. Bradley To Pull Out of Golf Village…
The company best known for its Char-Broil grills is reportedly discussing options to exit its PGA Tour Stop shop at the World Golf Village in St. Augustine, FL.
W.C. Bradley Co. opened the 31,000 square foot store in 1998 at the village that is also home
Fila Completes Sale to Epstein Group
Fila Holding SpA on Tuesday sold all of its subsidiaries, including Sparks, Md.-based Fila USA Inc., to a Fila management team for $351 million in cash. The new owner is Sport Brands International LLC, whose partners include Fila USA's current chi
The Finish Line Will Crush Q1 Earnings Guidance; Ups Full-Year Estimates…
Based on the first quarter sales report issued last week, The Finish Line is upping its earnings guidance for Q1 and the balance of the year…
Puma Recovers After Share Sell-Off…
Shares at Puma AG rebounded a bit by the end of the week after falling Monday on news that the company’s largest shareholder Monarchy/Regency Enterprises, put its entire 39% holding up for sale. Puma closed down 3.6% for the week to close at €83.70. Gol
Reebok Looks To Build Global Image…
Reebok International held its Annual Investor Conference on Wednesday, playing to a crowd eager to hear more about the company’s plans to capitalize on its recent gains in the market — and on the street.
Dillard’s May Comp Store Sales Decrease 7.0%
Dillard's, Inc. announced that sales for the four weeks ended May 31, 2003 were $536,644,000 compared to sales for the four weeks ended June 1, 2002 of $576,754,000. Sales decreased 7% on both a total and comparable store basis for the four-week peri
New Balance Confirms Moretz Deal…
As reported here after the last Super Show, New Balance has officially confirmed that Moretz Sports will be its licensee to performance socks. The deal, which will be effective in January 2004, will see Moretz “manufacture, market and distribute New Bala
Post-War Consumers in Buying Mood…
According to report recently released by The NPD Group, U.S. consumers seem willing to spend more on Footwear and Apparel in the 90-day period from May through July. The post-Iraq War study found that the consumers surveyed were more willing to get out a
