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  Aug 1, 2014
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Today's Top Story:

Adidas Issues Profit Warning As Golf Sales Plunge, Russia Outlook Worsens

Adidas AG will not meet 2015 financial targets due to a freefall in global golf sales and the souring outlook in Russia. The company reported Thursday that second quarter sales increased 10 percent on a currency-neutral basis, driven by 14 percent growth at Adidas and 9 percent growth at Reebok, but that sales declined 18 percent at TaylorMade-Adidas Golf. Exchange rates shaved 7 percentage points off sales during the quarter... Click for Full Story >>>

More Sporting Goods Industry Trade News:

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Zamst announced a nationwide sponsorship with Area Code Baseball to be the official bracing/supports brand. As part of the sponsorship, Zamst will provide sport-specific products at Area Code events, in addition to injury prevention and rehab seminars, print and marketing activities...(8/1/2014)

 

Safilo Group S.p.A. reported sales of its Sports products, which include sunglasses and goggles made by Smith Optics, increased 18.5 percent in the second quarter, or 24.2 in currency neutral terms...(7/31/2014)

 

Cramer Products, a leader in sports medicine and physical education products, announced the retirement of Thomas K. Rogge, president and chief executive officer, effective Sept. 30, 2014, and the appointment of Robert Mogolov to the position of general manager, effective Aug. 25, 2014...(7/31/2014)

 

Gildan Activewear reported sales in the third quarter amounted to $693.8 million, up 12.9 percent from the year-ago quater. Net earnings were basically flat at $116.0 million, or 94 cents per share, compared with net earnings of $115.8 million, or 94 cents, for the third quarter of fiscal 2013. Gildan said quarterly results were impacted by transitional manufacturing inefficiencies and capacity constraints to fully service sales demand in its branded apparel...(7/31/2014)

 

GoPro, Inc. reported revenue for the second quarter was $244.6 million, up 38.1 percent compared to the $177.1 million reported in the second quarter of 2013...(7/31/2014)

 

Outdoor Industry Association (OIA) named the 30 companies that will exhibit products at Outdoor Retailer's first "Made in America Product Showcase" next week in Salt Lake City. The showcase is produced by the OIA Made in America Working Group, which was created in 2013 to provide a forum for outdoor companies who manufacture in the United States to connect, share resources and communicate their needs and challenges...(7/31/2014)

 

Princeton Tec has named Brian McKinney outdoor division manager to replaced Justin Kline, who will be shifting his focus to leading International sales...(7/31/2014)

 

Sport Chalet, Inc. announced that enough of its shareholders have agreed to sell their shares to Vestis Retail Group LLC to consummate a merger with the company, which owns Eastern Mountain Sports and Bob's Stores. However, time is running out for shareholders to get top dollar for their Sport Chalet stock. ...(7/31/2014)

 

Allied Feather & Down has begun marketing its fluorocarbon-free, water resistant down under the name HyperDry Eco...(7/31/2014)

 

Christine Lee has resigned as women’s merchandising & design SVP, Pacific Sunwear of California. She plans to join Wet Seal. Brieane Breuer, PacSun's VP of women’s design, will assume the additional responsibilities of women’s merchandising on an interim basis... (7/31/2014)

 

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