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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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Yakima Products, Inc. has hired Ryan Martin as its new CEO, effective immediately. Martin was most recently global director of strategy and business development with Whirlpool Corporation, where he worked closely with Yakima's Taiwanese parent company...(8/1/2014)

 

Alliant Techsystems Inc. reported its Sporting Group, which owns the Savage and Bushnell firearms brands, delivered 13 percent organic sales growth and an increase of 50 percent organic operating profit in the second quarter ended June 29, compared with the second quarter ended June 30, 2013...(8/1/2014)

 

Loudmouth Golf international distribution center is now open for business in China. The distribution center will initially serve eCommerce customers and within the coming months, provide merchandise for retail outlets across the country.(8/1/2014)

 

The National Retail Federation calculated retail industry (excluding autos and gasoline) employment increased by 27,000 jobs in July 2014.(8/1/2014)

 

PrimaLoft, Inc. revealed a redesigned consumer-facing website...(8/1/2014)

 

Streamlight, Inc., provider of flashlights, announces that the company and several of its U.S. distribution partners recycled nearly 4,000 pounds of rechargeable batteries during the second quarter of 2014...(8/1/2014)

 

Mountain Khakis announces that High Country Outfitters' sales associate Dorota Peterson has earned the POSSE Outlaw title for the first half of 2014...(8/1/2014)

 

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)

 

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