SGB Update Footwear
Adidas Aims to be Number Two in China
At a press event in Shanghai, Adidas further detailed its plans to become the number two brand in China. Currently, Adidas is the third brand behind leader Nike and Li Ning. The plan calls for the opening of more than 2,500 stores in smaller Chinese cit
Accell Buying into Turkish and Italian Markets
European bicycling giant Accell Group N.V. has agreed to acquire all outstanding shares in Bianchi Bisiklet A.S. (Turkey), which also includes a 50% participation in the well-known Italian company Atala. The companies generate about $61 million a year thr
GE Allows Customers to Brand eVent as Their Own
GE is making its eVent Fabrics collection of waterproof-breathable fabrics available for customers to brand as their own. The strategy marks a reversal from GE's earlier approach, which was to compete directly against W.L. Gore & Associates Gore-Tex
Nordstrom’s Q3 Profits Soar on 6% Comp Gain
Nordstrom, Inc. reported earnings jumped 42.6% in the third quarter, to $119 million, or 53 cents per diluted share, from $83 million, or 38 cents, for the same quarter last year. Third quarter same-store sales increased 5.8% compared with the same period
Adidas Group Builds New Road for Growth
The Adidas Group launched an ambitious five-year program, entitled “Route 2015,” with a goal of expanding revenues by 45% to 50% over the next five years. At the same time, management unveiled a new U.S. growth program, “Generation U.S. 2015,” for the Adi
Easton-Bell Sports Sees Q3 Earnings Halved Despite Solid Sales Gains
While one of its biggest competitors in football helmets is taking it in the chin, Easton-Bell Sports, Inc. is busy building on its helmet businesses — from football and other team sports to snow sports and cycling. Revenues increased 10.2% to $198.8 mil
Delta Apparel Appoints Two Independent Directors
Delta Apparel, Inc., the parent of M.J. Soffe, appointed Dr. G. Jay Gogue and Sam P. Cortez to its board of directors on Nov. 11, 2010…
Heelys Inc. Third Quarter Revenues Fall Double-Digits Again
Heelys, Inc.'s sales slid 23.3% in the third quarter, to $8.2 million. Losses were cut to $69,000, or less than 1 cent a share, from $1.1 million, or 4 cents, a year ago. Sales slid 15.6% to $6.9 million internationally due to lower sales to the Germ
Head NV Capitalizes on Winter Sports Gains in Q3 But Earnings Tumble
Head NV saw continued strength in its key Winter Sports segment drive healthy growth for the three months ended Sept. 30, although profit slipped significantly as a result of certain expenses…
FansEdge Parent Cuts Third-Quarter Losses
Dreams, Inc., the parent of FansEdge.com, reported revenues were up 30.0% in the third quarter to $19.8 million, compared to $15.2 million generated in the same period last year…
Broder Bros. Swings to Q3 Profit
Broder Bros. reported that sales for the fiscal third quarter ended Sept. 25 increased 9.2% to $210.7 million from $193.0 million a year ago. Net income was $6.0 million compared to a net loss of $1.4 million for Q3 2009…
Container Traffic May Reflect Positive View
The National Retail Federation said import cargo volume at the nation's major retail container ports remains on track for a 14.6% increase over 2009 as retailers restock their shelves and increase inventories to cater to a more confident consumer…
Chinese Textile Cotton Prices Doubling
Chinese textile companies were quoting price increases of as much as 30% at the massive Canton Trade Fair, telling customers that a global cotton shortage and persistent labor shortages were driving up costs, according to several reports…
Fox Factory Q3 Sales Surge on OEM Rebound
Fox Factory Inc said sales spiked in the third quarter ended Sept. 30 as OEMs ramped back up production of mountain bikes, motorcycles, snow mobiles and other action sports gear that uses their suspension products…
NRF: Retail Sales Grow for Fourth Straight Month
October retail industry sales (which exclude automobiles, gas stations, and restaurants) increased 0.3% seasonally adjusted over September and 2.6% unadjusted over last year, according to the National Retail Federation…
