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  Mar 27, 2015
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Today's Top Story:

Adidas Sees 15 Percent Annual EPS Growth Through 2020

At its Investor Day, the Adidas Group presented a new strategic business plan, "Creating the New,” designed to accelerating growth significantly. Revenues are projected to increase at a high-single-digit rate on average per year on a currency-neutral basis until 2020 while net income is projected to expand by around 15 percent on average in each of the next five years. The new business plan is built around three major strategic choices: Speed, Cities and Open Source... Click for Full Story >>>

More Sporting Goods Industry Trade News:







Lululemon Athletica Inc. beat consensus earnings estimates in the fourth quarter thanks to net revenue and same-store sales growth of 15 and 5 percent respectively, but disappointed investors with updates to its forecasts for the first quarter and current fiscal year...(3/26/2015)


Mammut recorded flattish sales and operating results in 2014 that reflect growing saturation of its home markets of Germany and Austria, its Zurich-based parent company Conzzeta AG reported Thursday...(3/26/2015)


MC Sports recognized Pelican International as the Hardlines Vendor of the Year and Implus Corporation as the Softlines Vendor of the Year...(3/26/2015)


Shock Doctor Sports and McDavid Inc. jointly announced that they have agreed to merge their companies. The combination will bring together two leading sports protection and performance companies with complementary product lines and a shared history of innovation and commitment to athletes...(3/26/2015)


Big 5 Sporting Goods Corp. noted that in addition to the three candidates for election previously announced by Stadium Capital Management, LLC, Engaged Capital, LLC also has nominated four other director candidates for election to the company's board of directors at the annual meeting...(3/26/2015)


Leatt Corporation, the South African motorsports company that is expanding into mountain biking and boosting its presence in the U.S. and Europe, grew revenue 26 percent in the fourth quarter and turned a profit for the year ended Dec. 31, 2014...(3/26/2015)


Navico's marine electronics brands Lowrance and GoFree have signed on as sponsors of the second edition of the Hobie Fishing European Championship, which takes place between Sept. 11-13, 2015 in France...(3/26/2015)


New Balance launched the brand’s first football (soccer) advertisement ‘#NBFootball’; aimed at encapsulating New Balance’s approach to the sport. Directed by award winning filmmaker Marie Schuller, the film stars New Balance Football athletes Aaron Ramsey, Adnan Januzaj, Samir Nasri, Fernando Reges, Vincent Kompany, Marouane Fellaini and Jesus Navas...(3/26/2015)


Paymeon Inc. expects to close on its all-stock acquisition of the remaining 80 percent of e-bike maker ProdecoTech in the next 30 days, the penny stock company disclosed in an annual report filed Thursday...(3/26/2015)


Competitor Group, Inc. appointed Josh Furlow as president, overseeing all of CGI’s global business. Furlow was previously executive vice president of events...(3/26/2015)


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