Adidas Sets Rebound Plan

With a plan built around speeding turnaround, increasing its presence in major cities and customization, Adidas AG revealed a new five-year plan that it projects will lift profits by 15 percent a year through 2020. On the top-line, it expects to outperfor

REI’s Omnichannel Might Fuels Strong FY14 Growth

In a show of omnichannel might, Recreational Equipment Inc. grew sales and profits at their fastest pace in years in fiscal 2014. REI reported sales of $2.2 billion for the 53-week period ended Jan 3, 2015, a 9.9 increase from the fiscal year ended Dec. 2

ABG and WWE Launch Tapout Joint Venture

WWE and Authentic Brands Group, LLC announced a joint venture for Tapout, a newly repositioned fitness lifestyle brand that serves as the official fitness and training partner of WWE…

Hi-Tec Sports Donates Single Shoes

Hi-Tec Sports USA will donate 364 single pairs of shoes to National Odd Shoe Exchange, a non-profit organization that is a source of footwear for those requiring single shoes or pairs of differing sizes…

PVH Corp. Swings to Profit

PVH Corp, the parent of Speedo and Izod, reported fourth-quarter earnings per share on a non-GAAP basis increased 23 percent to $1.76, including a 10 negative impact related to foreign currency exchange rates…

G-III Announces Record Results

G-III Apparel Group Ltd., a major licensee of professional and collegiate sports brands, reported net sales for the fiscal year ended Jan. 31 were up 23 percent to $2.12 billion thanks to a strong performances from the apparel company’s wholesale bu

Sanuk Announces Expanded Instagram Promotion

Sanuk has rolled out an expanded version of a marketing campaign to select retailers that offers rewards to consumers who try on any pair of the brand's footwear and share their experience on Instagram…

Wilson Snaps Up Louisville Slugger

In a merging of two historic sports brands, Wilson Sporting Goods Co., a division of Amer Sports Corp., reached an agreement to acquire Louisville Slugger, a division of Hillerich & Bradsby (H&B), for $70 million in an all-cash transaction. Under the term

Karmaloop Undergoes Restructuring, Seeks Buyer

Karmaloop Inc., a 15-year-old online retailer specializing in streetwear, action sports and music-inspired clothing for 18-35 year old males, began a formal restructuring and is setting up a sales auction process in bankruptcy court…