adidas Group Chairman and CEO Herbert Hainer played it safe during a recent presentation at WSA as he reviewed progress in the integration of the recently-acquired Reebok business into the adidas structure. As Sports Executive Weekly reported last
Tag: Trade
Volcom’s Q4 Bottom Line Hurt by Tax Rate Increase…
Volcom, Inc. posted another strong quarter in Q4, but saw Uncle Sam take a major piece of earnings with an increased tax rate as a result of the company’s public stance. During a conference call with analysts discussing the quarterly and annual results,
Golf Galaxy Goes vertical with GolfWorks Acquisition
Golf Galaxy, Inc. has signed an agreement to purchase The GolfWorks, one of the golf industry's sources for golf club components, clubmaking tools and supplies, and technical information. The purchase price consists of approximately $4 million in cas
Redmond Sports Hires Julie Hollar
Redmond Sports, L.L.C. has added Ms. Julie Hollar to the manufacturer's rep agency, serving the needs of cycling, running, and outdoor retailers in NC, SC, GA, AL, TN, and MS. Hollar brings to the group eight years of experience as an independent re
Perry Ellis Complete Gotcha Acquisition
Perry Ellis International, Inc. completed the acquisition of primarily all of the worldwide intellectual property of the Gotcha International, including the Gotcha, GirlStar, MCD and Fishman logo trademarks and the intellectual property license agreements
REI Appoints Owen to Director of Merchandising
REI has appointed Angela Owen to the position of vice president of merchandising – reporting to Matt Hyde, REI’s senior vice president of merchandising and logistics. Owen, who joined REI's staff in 1990, has been promoted through positions spanning
Winter Trails Event Should Draw Over 1,000 Participants
The final, and historically the largest, Winter Trails Day will take place in Rocky Mountain National Park, near Estes Park, this Saturday, February 18. This year’s event is scheduled to be held at the recently renovated Glacier Basin Area in Rocky Moun
December Weak at Golf Courses Across the Country…
The National Golf Federation reported that same-store rounds played in the U.S. were down 8.1% for December 2005 versus the same month last year. The estimate is based on data from operators at 1,573 golf facilities. The decrease for the month was enough
Footstar Facing SEC Civil Action…
Footstar, Inc. received a Wells notice from the SEC in connection with the Commission's outstanding enforcement proceedings into the facts and circumstances that gave rise to the company's restatement of financial results from 1997 through 2002.
Timberland Q4 Sales Inch-Up; Sees Slower 2006…
The Timberland Company saw modest sales increases during the fourth quarter of 2005 driven by gains in the U.S., Europe, and Asia while apparel and accessories were the strongest categories. The company is well on its way towards completing its Caribbean
SIA.06 Wraps-Up; Attendance on-par with Last Year
As the SIA.06 SnowSports Show culminated on Thursday, January 26th, marking the conclusion of yet another successful year for attendees at the SIA SnowSports Trade Show. SIA reported that buyer attendance was on par with last year recording 4,725 buyers f
Royal Precision Owners Looking for Strategic Alternatives
Royal Associates, Inc., 100% owner of Royal Precision, today reports that it is seeking strategic alternatives to increase shareholder value. Royal Precision has substantially completed its plan to increase productivity and anticipates increased efficienc
VF Corp. Revenue Climbs 4% on Outdoor Coalition Strength
VF Corporation announced record results for the fourth quarter and full year 2005. Net income in the fourth quarter rose to a record $127.5 million from $125.3 million, with earnings per share rising to $1.13 from $1.10. Total revenues increased 4% to a r
Under Armour Q4 Net Income Climbs 14% on 25% Revenue Increase
Under Armour, Inc. fourth quarter net income increased 14% to $7.0 million from $6.2 million. Net revenues, which consist of net sales and license revenue, increased 25% in the fourth quarter to $87.3 million compared to net revenues of $69.6 million in t
adidas Closes Reebok Deal; Fireman Steps Aside…
adidas-Salomon AG closed its acquisition of Reebok International Ltd. last week, creating a new global sports equipment powerhouse with revenues of approximately €9.5 billion ($11.8 billion) in the athletic footwear, athletic apparel, and hardgoods catego
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