Oboz Fills New Inventory Management Position
Oboz has hired Chris Rischke in the newly created position of business analyst with responsibility for all aspects of inventory management at the Bozeman, MT-based footwear company…
Global Brands Agrees to Acquire Planet Socks Assets
Global Brands agreed Nov.5 to acquire PS Brands hosiery business through a U.S. subsidiary for up to $140 million in a bid to become a top player in the licensed sock market in North America…
Mizuno’s First Half Profits Slide on Currency Headwinds
Mizuno Corp. reported sales grew 7.8 percent to ¥96.9 billion in the six months through Sept. 30…
U.S. Expansion Lifts Fenix Outdoor’s Brand Sales
Fenix Outdoor International AG reported that North America accounted for 85 percent of its brand sales growth in the nine months ended Sept. 30…
Puma’s Q3 Led by U.S.
Puma SE, as expected, reported a decline in third quarter earnings due to currency headwinds and expenses to support its turnaround efforts but sales continued to improve. Reported sales advanced 8.4 percent to €914 million ($993.5 mm)…
Adidas AG Lifts Outlook as U.S. Bounces Back
With growth accelerating for the Adidas Brand in most major markets, Adidas AG reported a 10.4 percent gain in third-quarter profit and raised its full-year revenue, gross margin and net income targets. Said CEO Herbert Hainer on a conference call with an
Mizuno’s First Half Profits Hit by Currency Woes
Mizuno Corp. reported sales grew 7.8 percent to ¥96.9 billion ($786.3 million) in the six months through Sept. 30. Earnings, however, declined largely due to currency headwinds…
Fox Factory Mum on Organic Growth Rate
Fox Factory Holding Corp. reported sales of bike products increased 16.3 percent in the third quarter, but executives declined to break out how much its legacy mountain bike (MTB) business grew…
Dorel Sports Turns in Q3 Operating Loss After Restructuring Charges
Dorel Sports reported an operating loss of $20.2 million in the third quarter as currency headwinds, a restructuring at its Sugoi and Cannondale apparel business and impairment charges at its Brazilian bike company battered the bottom line…
Gaiam’s retail move lifts Q3 sales; takes hit on settlement
Gaiam Inc. reported its launch at more than 1,000 Kohl's and Bed Bath & Beyond department stores enabled it to grow 140 percent faster in the third quarter, but a $10.7 million legal settlement swung its net income to a loss…
Let the Scrutiny Begin – TPP Text Released
The Obama Administration released the full text of the Trans Pacific Partnership (TPP) agreement on Thursday, providing the sporting goods industry its first opportunity to vet the details of an unprecedented trade deal they say could free up billions of
Adidas Offers to Help Eliminate Native American Mascots
Adidas announced it will lead a nationwide voluntary initiative for high schools who want to change mascot names and identities. Adidas will offer its design resources to any high school in America…
L.L.Bean’s First Outside CEO Says He’s Coming Home
L.L.Bean Inc. has named a veteran of the supermarket industry who has worked in England, Belgium and China as its next president and CEO and the first outsider to fill the position in the company's 103-year history…
Adidas Group Lifts FY Guidance on Strong Q3
Adidas Group reported a 10 percent gain in third-quarter profit that beat analysts’ estimates, led by sales growth in Western Europe and China. In North America, sales rose 6 percent in the quarter, improving from a flat first half. The results prom
SFIA Elects Chris Clawson of Life Fitness as Chairman
The Sports & Fitness Industry Association (SFIA) announced the election of Life Fitness President Chris Clawson as Chairman of the Board, along with naming senior executives from Brooks, New Balance, Performance Sports Group, Rawlings, Sears, and Under Ar
