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Adidas Group Forecasts 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...(3/26/2015)

Lululemon's Same-Store Sales Up 5 Percent in Q4
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)

Implus and Pelican International Honored by MC Sports
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)

Karmaloop Files for Bankruptcy, Seeks Buyer
Karmaloop Inc., one of the leading online sellers of streetwear, filed for Chapter 11 bankruptcy protection and is seeking a buyer. The bankruptcy filing in Delaware listed $10 million to $50 million in assets...(3/26/2015)

Shock Doctor Merges with McDavid
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)

New Balance Launches First Soccer Advertisement
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)

Fred's Appoints Chief Merchandising Officer
Fred's, Inc. hired Bryan Pugh, formerly at Walgreen's, as chief merchandising and marketing officer...(3/26/2015)

Stegmann Clogs Chooses U.S. Distributor
Stegmann Clogs of Austria, specializing in natural wool felt clogs, has chosen Virginia based AGS Footwear Group as its distribution partner for the U.S... (3/26/2015)



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