Nike sees strong demand, better margins in spring
Nike Inc headed into the spring quarter with strong demand and improving margin trends, as the top sportswear retailer forecast a strong year with plans to cash in on the Olympics.
Sport
Adidas acquires Adams Golf
Adidas Group’s golf segment ‘TaylorMade- adidas Golf’ has entered into an agreement to buy US brand Adams Golf. In 2011, sales from the German group’s golf division accounted for more...
Quiksilver : troublesome first-quarter results
Although sales at its stores rose 11% in America, 9% in Europe and 3% in Asia Pacific over the same period a year earlier, the group of surf brands is under pressure. Operating quarterly...
Intersport International expands to China
The sporting goods retailer has just signed a master franchise agreement with Fujian New Huadu Supercenter for the opening of 80 to 100 stores in South China in the course of five years...
Hibbett Sports 4th-quarter profit above Street estimates
Sportswear and shoes retailer Hibbett Sports Inc (HIBB.O) posted a quarterly profit above Wall Street expectations for the sixth time in a row, helped by improved gross margins. Net...
Foot Locker: two years of growth
As it revealed its financial results for its fourth quarter and full year ended January 28, the American group showed that its turnover and sales have been rising for the last eight...
Dick's Sporting to cut back on inventory in first quarter
Dick's Sporting Goods Inc, the largest publicly traded sporting goods retailer, forecast first-quarter profit largely above analysts' expectations, as online sales and tight inventory...
Adidas outlook disappoints in big sports year
German sportswear group Adidas stuck to forecasts for a slowdown in sales growth in 2012, disappointing investors who had hoped for more in a big year for sports events like the Olympics...
Naibu first Chinese sportswear brand to eye London listing
China's Naibu is set to be the first homegrown sportswear brand to list in London when it raises up to 50 million pounds ($79.28 million) in an IPO planned for April, sources close to the...
Puma strengthens its position as a football brand
Puma has confirmed a new long-term contractual partnership with the Italian Football Federation, becoming its exclusive master licensee and thus reinforcing its commitment to further...
Billabong says TPG ups offer to $904mln; still too low
Australian surfwear company Billabong International said on Tuesday its private equity suitor TPG Capital has raised its takeover offer by 10 percent to $904 million, but the price is...
Trademark dispute looming over who discovered Jeremy Lin
The New York Knicks may have given Jeremy Lin his break in the NBA, but a sports ball maker in eastern China saw potential in the Harvard-educated Chinese-American more than a year and a...
Perry Ellis International acquires Ben Hogan
Perry Ellis International, which owns a portfolio of brands including Perry Ellis, Original Penguin, Gotcha and Farah, is strengthening its position in the golf sector by completing the...
Billabong announces the closing of between 100 and 150 stores
Faced with a difficult economic predicament, limping in its traditional arena of sportwear and frought with targeted acquisition rumors, Billabong has opted for tightening its belt by...
North Face owner VF weathers warm winter
At least one cold-weather clothing maker was able to keep its cool during the unusually warm winter this year.