Zodiac Sells Sevylor Leisure Division…
National Ventures has agreed to buy The Zodiac Group’s Leisure division, Sevylor, after a long and successful relationship between the two companies. National Ventures has long been manufacturing the inflatable water sports equipment for the Sevylor bran
Nike Continues U.S. Slide on Foot Locker Gap…
Nike surpassed many milestones in their fiscal 2003 fourth quarter and year ended May 31, 2003, but Wall Street was looking ahead as the company reviewed their successes over the last year…
adidas-Salomon Sees Continued North America Weakness
At a round-table discussion with journalists at ispo in Munich, Herbert Hainer, adidas-Salomon CEO, re-confirmed full year projections of 5% currency-neutral sales growth, a gross margin of 42-43% and earnings growth of between 10 and 15%. However, curre
Stride Rite Down on Weak Canvas Biz…
The weather-inflicted declines in sandals appear to have hit another key category this spring – canvas. Stride Rite reported fiscal second quarter numbers for its canvas product impacted the sales and profits for the company across all brands, nearly era
Pacific Sunwear Appoints Outlet Head
Pacific Sunwear of California Inc. announced the appointment of Bill Rosenbaum to the newly created position of vice president/GMM Outlet. Rosenbaum was formerly PacSun's VP/GMM of Young Men's and has been with the company since April of 2000…
adidas Makes Moves in Europe…
adidas-Salomon has signed a far-reaching partnership deal with sporting goods retailing powerhouse Intersport. The specific terms of the four-year agreement with the operator of over 4,500 retail doors were not revealed. Intersport reportedly produced €
Goody’s Settles with Hilfiger in Trademark Suit
Goody's Family Clothing, Inc. has reached a settlement agreement with Tommy Hilfiger resolving all outstanding issues arising out of the previously disclosed action brought by Tommy Hilfiger against Goody's…
…and China…
Since 1979 adidas has been the main sponsor of the Chinese World Cup Football development program, and on June 26th they signed a deal that continued this support until 2010.
While adidas did not release any financial information, they did state that thi
Kmart Files to Recover $49 Million From Vendor
Kmart Holding Corporation confirms that it has filed a complaint in U.S. Bankruptcy Court for the Northern District of Illinois against Handleman Company to recover the $49 million critical vendor payment Kmart paid to Handleman at the outset of Kmart
Brunswick Corp. Broadens Base…
The folks at Brunswick Corp. have been busy buying up technology and distribution avenues with the $33 million purchase of a majority stake in New Zealand GPS manufacturer Navman, and the $52 million purchase of Pompano FL based Land ‘n Sea Corp…
EB Acquisition Continues Fight for Elder-Beerman
EB Acquisition, Ltd. has responded to statements made by members of the Board of Directors of The Elder-Beerman Stores Corp. on June 26. Among other issues, these statements addressed the issues of break-up fees in the merger agreement and the process of
REI Move Pulls Web Buyers Into Store…
REI launched its in-store pick-up program last week, enabling customers that order items via the REI Internet properties to pick them up at their local REI store to avoid shipping costs…
Nike Wins the Summer Hoops Trifecta…
Nike Inc. won the trifecta this week, with the addition of Kobe Bryant to its player roster. Nike declined to disclose terms of the deal, but estimates put it at roughly $45 million…
Fila’s Peveto Hits the Ground Running…
In an exclusive interview with SPORTS EXECUTIVE WEEKLY, Fila’s newly appointed SVP of Global Footwear, Mikal Peveto laid out his vision and objectives for the latest incarnation of the brand…
U.S. Forces in Iraq Look to Camelbak…
Dealing with temperatures that regularly reach the triple digits is no easy task, especially with 50 pounds of body armor trapping all of the heat…
