Adidas Fourth Quarter Loss Widens
Adidas AG sharply widened its fourth-quarter loss, hurt by goodwill impairment charges, negative currency effects and losses from its recently-sold Rockport brand. Sales of TaylorMade-Adidas Golf fell 24 percent on a curency-neutral (c-n) basis but Reebok gained 1 percent and Adidas Brand grew 11 percent. For the current year, Adidas expects to increase currency-neutral sales at a mid-single-digit rate in 2015 and net profit from continuing operations to increase at a rate of 7 percent to 10 percent...(3/5/2015)
Puma Names Head of Global Strategy
Puma appointed Nina Graf-Vlachy as head of global strategy for the strategic projects and said her predecessor Arne Freundt has assumed the position of director global retail and e-commerce...(3/5/2015)
Under Armour Sets Opening for Chicago Store
Under Armour is set to open the doors of its newest specialty retail location Friday at 600 North Michigan Avenue on Chicago's Magnificent Mile. Under Armour's newest store will feature two floors of the brand's latest innovations...(3/5/2015)
Nike Extends Contract with Kentucky
Nike will extend its sponsorship deal with the University of Kentucky through 2025, according to the Portland Business Journal...
UA Names Fulks President of Footwear and Innovation
Under Armour Inc. said Kip J. Fulks, one of the original founders of Under Armour and formerly the company’s chief operating officer and president of product, has been named president of footwear and innovation...(3/4/2015)
Supreme Court Clears Challenge to Colorado's Remote Sales Tax Law
The Supreme Court ruled unanimously Tuesday that direct marketers can sue to block a Colorado law that requires remote sellers to notify the state about purchases that would be subject to the state’s sales or use tax, Outdoor Industry Association Policy Advisor Rich Harper reports...(3/4/2015)
Gildan to Donate U.S. $3.5 Million to Community Projects in Honduras
Gildan Activewear Inc., the parent of Gildan and Gold Toe, will donate the totality of a grant to be received from the Government of Honduras in the amount of more than U.S. $3.5 million to charities supporting education and health care services in Honduras...(3/4/2015)
Maurice Sporting Goods Supports Heroes on the Water
Maurice Sporting Goods triggered an outpouring of product donations to Heroes on the Water from kayak, fishing and other outdoor brands after presenting the veteran's charity with a check for $20,000 at its annual Maurice Cares banquet...