Puma AG took another hit to the top-line in the third quarter as a tough U.S. mall business and the largest player in the channel continued to severely impact overall footwear sales growth for the period. The EMEA region also saw some challenges of its o
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Crocs, Inc. Shares Plunge Despite Strong Quarter…
Crocs, Inc. saw yet another quarter of triple-digit sales and earnings growth, but the company’s stock price fell more than 31% for the week following their earnings release, due primarily to lower-than-expected guidance for 2008…
Canada’s Athletes World Files for Bankruptcy
Athletes World Ltd., with 138 athletic footwear and clothing stores in Canada, has filed for bankruptcy. According to court documents filed in the Ontario Superior Court of Justice, the retailer owes creditors $152.3 million, including about $115-million
Mall Promotions Take Toll on Q2 Retail Results…
The weak mall environment that dominated sporting goods retail in the first quarter persisted through the second as retailers in turn looked to generate sales and lower inventories through promotions and clearances. In addition, the shifting calendar that
Genesco Sues Finish Line to Force Marriage…
When looking at the courtship of Genesco, Inc. and its coveted position in the mall, it’s hard to remember a deal in recent history that has had more ups and downs or that has gotten more personal. The latest salvo was launched on Friday morning as Genes
Genesco Shareholders Approve Acquisition by Finish Line
Genesco Inc said its shareholders voted to approve the acquisition of the company by Finish Line Inc at a special meeting on Monday. About 73 percent of the shares present and voting at the special meeting voted in favor of the proposed deal…
adidas Group Lays Out Future at Investor Day…
adidas Group held their annual Investor Day on the Reebok campus last week, putting their best face on a troubled U.S. business that has been hurt by a weaker Reebok brand business and adidas’ own plans for limiting sales in some key classic product like
adidas Group Q2 Hurt by Mall Weakness in U.S…
The adidas Group saw a fairly healthy improvement in the brand adidas business in the second quarter offset by declines in the Reebok and TaylorMade-adidas Golf businesses. The growth at brand adidas, especially in Europe, was particularly important comi
Puma AG Sees U.S. Weakness Cut into Gains in Other Regions in Q2…
Puma AG was able to overcome a tough anniversary in Europe in the second quarter as the company exceeded the strong numbers from a year ago driven in large part by the 2006 FIFA World Cup, but the company was not so fortunate in the U.S. market, which tum
Puma Sees U.S. Q2 Weakness Erase Gains Elsewhere
PUMA AG reported that net sales for the second quarter dipped 0.7% to €542.8 million ($732 mm) compared to €546.6 million ($412 mm) in the year-ago quarter. Consolidated sales grew 3.1% currency adjusted. EBITDA was down by 7.6% to €71.7 million ($97 mm
SEW Goes One-On-One with… Zappos’ Christopher Peake
Christopher Peake, Zappo’s senior buyer for performance athletics, joined the Internet retailer in May 2004 and oversees the running, outdoor, surf/skate and team categories. Prior to joining Zappos, Peake had a long career as a buyer for San Francisco�
Skechers Shares Tumble on Q2 Expense Growth…
Skechers USA, Inc. once again posted strong top line gains in the second quarter, but received concerned commentary from analysts on the quarterly conference call when those improvements failed to produce year-over-year profit growth. At the heart of the
K-Swiss Q2 Sees More of the Same, but Europe Business May be Plateauing…
K-Swiss Inc. saw continued degradation in its domestic business and continued strength in its international business, but also indicated that the brand “appears to be plateauing” until they can “effectively expand to other European countries.” The Interna
Weak Mall Environment Slows Q1 Retail Growth…
The biggest impact on the sports lifestyle retail market during the fiscal first quarter was the lack of energy at the mall, which turned overall retail results downward for the period, especially on the bottom line. This softness resulted largely from r
Nike, Inc. Looks to be Calling all the Right Shots…
Mark Parker completed his first full fiscal year as CEO of Nike, Inc. as the company delivered solid results and a strong outlook for the future. NKE shares were up more than 10% for the week last week to close at $58.29 on Friday. The company’s share p
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