The London Financial Times is reporting that Nike and adidas are launching new brand campaigns that will set rules for retailers concerning service quality and brand presentation. Reportedly, JJB Sports and JD Sports will benefit the most from these two n
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Umbro Warns 2006 Sales will be ‘Marginally Below’ Expectations
Umbro has continued to perform in line with expectations internationally with year-to-date total wholesale equivalent sales (TWE) 14% ahead of 2005. However, in the UK, market conditions remain challenging and as a consequence, Umbro’s full-year results a
Ballstars Adds Senior Graphic Designer
Ballstars hired Dan Parkison as its senior graphic designer. Parkison will be responsible for designing new templates that are offered to licensees as part of their system package, designing marketing and promotional materials, and doing photography of co
Hi-Tec Extends Distribution Agreement in Japan
The MoonStar Company of Japan and Hi-Tec Sports PLC inked an agreement to include distribution of Hi-Tec Golf shoes in 2007. MoonStar sells its own brands and distributs New Balance, Converse, Geox, K-Swiss and Kappa
Famous Footwear Comps Jump 8.2% in Third Quarter
Brown Shoe Company third quarter net sales increased 9.6% to $676.8 million from $617.7 million in the third quarter of fiscal 2005. Net earnings were $26.9 million or 93 cents per diluted share, inclusive of 4 cents per diluted share for stock option exp
Genesco Increases Guidance on Flat Earnings
Genesco Inc. fiscal 2007 third quarter earnings before discontinued operations were $16.0 million, or 62 cents per diluted share. Earnings before discontinued operations were $16.2 million, or 62 cents per diluted share, for the third quarter of fiscal 20
Nike Cuts Soccer Ball Production Due to Labor Violations
Nike is ceasing orders with its hand-stitched soccer ball supplier, Saga Sports, based in Sialkot, Pakistan, due to the contract factory's failure to correct significant labor compliance violations. As a result, Nike is limiting its supply of hand-st
But Foot Locker Puts an End to Rumors of Its Own Sale…
Foot Locker, Inc. on Friday put an end to rumors about a sale of the company and even hinted that they had been in the hunt for a few acquisitions themselves. Speculation of the sale of the world’s-largest-athletic-specialty-retailer to a private equity
Zumiez Q3 Margins Hit by New Stores…
Zumiez Inc. saw the cost of new stores, including the acquired Fast Forward business, cut into the bottom line a bit in the third quarter, but nothing to prevent the action sports retailer from posting a double-digit gain there. ZUMZ reported a 43% jump
FieldTurf to be Installed at Gillette Stadium
The New England Patriots and Gillette Stadium will replcae the current natural grass field with FieldTurf in tame for the next home game against the Chicago Bears. Gillette Stadium is the ninth NFL stadium to install FieldTurf, joining Atlanta’s Georgia D
Nike to Launch Ronaldinho Collection
Nike will launch a signature collection with Brazilian soccer star Ronaldinho. Ronaldinho's signature collection is Nike's first signature line ever introduced with a soccer athlete, joining the ranks of Michael Jordan, Tiger Woods and LeBron Ja
Under Armour Looks to Move to NYSE
Under Armour, Inc. has filed an application to list its securities on the New York Stock Exchange (NYSE). The company looks to start trading its shares of Class A Common Stock under the symbol “UA” on the NYSE on December 18, 2006. Until that time, the co
Wolverine to be Largest Renewable Energy Customer in Michigan
Wolverine World Wide will become the largest participant in Consumers Energy's Green Generation program, which provides opportunities for electric customers to support the development of Michigan-based renewable energy sources. Wolverine's invol
Sport Chalet Opens 44th Store
Sport Chalet, Inc. will celebrate the grand opening of its new 40,000 sq. ft. store located in San Marcos, California. This location will feature an on-site SCUBA training pool. This is the Company's 44th store…
Pacific Sunwear Continues to Post Sales Woes…
Pacific Sunwear of California, Inc. announced a three step process to return to relevancy on a call discussing third quarter results. According to interim CEO Sally Kasaks this plan amounts to, “one, our commitment to build juniors, to increase sales and
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