Sears Elects Bax To Board
The board of directors of Sears, Roebuck and Co. today announced the election of William L. Bax, 59, former managing partner of PricewaterhouseCooper's Chicago-area practice, to membership on Sears' board of directors. His election increases th
GolfGear Licensing Zevo’s ‘Compressor’ Drivers
GolfGear has granted a non-exclusive, worldwide license to Golfsmith International to sell the remaining stock of metal woods it acquired from Zevo Golf – more specifically the Zevo Compressor drivers – under GolfGear's patents covering its proprieta
REI First To Act After FCC Ruling on Personal Locators
Following the recent FCC ruling approving the sale and use of personal locator beacons (PLBs) in the continental United States beginning July 1, Recreational Equipment, Inc. announced the availability of the new satellite-assisted search and rescue techno
Vancouver Named Host City of the 2010 Olympics
Athletes and spectators from around the world will gather in Vancouver and the alpine resort of Whistler in 2010 to celebrate the Olympic and Paralympic Winter Games…
Costco June Same-Store Sales Up 7.0%
Costco Wholesale Corporation reported net sales of $4.28 billion for the five weeks ended July 6, 2003, an increase of 11% from $3.85 bn in the same five-week period of the prior fiscal year. Comparable store sales rose 7.0% helped by a 12% international
PacSun Adds Brands to Grow Footwear…
Pacific Sunwear may not be the as fashion –forward as many people think, but the teen retailer is adding new brands that will continue to bolster sales and keep the kids coming in the door. PSUN shed their west coast shades and pitched in at the 13th Ann
As Quiksilver Grows Its Brand Portfolio…
Diversification was the word as Quiksilver took the stage in Nantucket, with company CFO Steve Brink pointing to three key areas to exemplify his point. Focus on diversity of brands, distribution and category are key in the company’s strategy to represen
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
