Garmin Cuts Full-Year Guidance on Pricing Pressures

Garmin Ltd., in its second downward revision of the year, trimmed its EPS and revenue outlook for the year due to pricing pressures and foreign currency headwinds. Revenue targets were also lowered for its fitness, outdoor and aviation segments…

Asics Sued by Former Retail License Partner

Asics’s 13 full-price stores in the U.S. have quietly been closed and Asics America now faces a lawsuit from Windsor Financial Group, which had the exclusive rights to operate retail stores in the U.S…

Freestyle and Game Time Watch Parent Files for Bankruptcy

Geneva Watch Group, which makes the Freestyle sports watch line, filed for bankruptcy with plans to sell the company.
The company has already lined up a $15 million lead bid for its assets from an affiliate of China's Time Watch Investments Ltd., ac

Colt Defense Nears Exit From Bankruptcy

Colt Defense LLC filed a plan of reorganization after reaching an agreement on with a promise of $50 million in new financing. The 179-year-old supplier of M4 carbines and M16 rifles for the U.S. and foreign militaries, which filed for bankruptcy in June,

Nike Doubles Down on Innovation

Nike Inc., at its first investor meeting in two years, set an ambitious growth target to reach sales of $50 billion by 2020. Particularly strong growth was predicted for its women’s business, running, Jordan Brand and e-commerce. Said Mark Parker, N

PSG Acquires Q30 Sports License

Performance Sports Group Ltd. acquired a worldwide license from Q30 Sports, LLC to use its patent and technology assets in the development of products intended to address mild traumatic brain injury (mTBI) in sports and athletic activities…

Zalando Q3 Sales to Exceed Expectations

Zalando SE's revenue grew 41 to 43 percent to €707-717 million in the third quarter, compared with the same period in 2014, according to preliminary figures released by the European e-tailer Thursday…

Nike Extends Duke Contract

Nike and Duke signed a 12-year extension to their deal supplying Blue Devils sports teams with uniforms, footwear and athletic apparel…