Taylor Made Golf Company

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GERMANY: Adidas fears 09 profit decline despite Q4 surge just-style.com | 4 Mar 09

Sportswear giant Adidas Group expects sales and profits to fall during 2009 despite posting a 151% surge in fourth quarter profit to EUR54m (US$67.7m).

US: Phoenix may sell ops as CEO, CFO step down just-style.com | 17 Feb 09

Phoenix Footwear Group’s CEO and CFO have resigned as part of a major restructuring of the company, which has signalled that it may sell off or close down some operations.

US: TaylorMade-Adidas Golf cutting Ashworth jobs just-style.com | 19 Dec 08

A month after its acquisition of lifestyle golf company Ashworth Inc, TaylorMade-Adidas Golf is downsizing the combined workforce of the two companies.

Top stories on just-style this week... just-style.com | 19 Dec 08

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

GERMANY: Adidas Group completes Ashworth acquisition just-style.com | 20 Nov 08

The Adidas Group's TaylorMade-Adidas Golf unit has completed its acquisition of golf firm Ashworth.

GERMANY: Adidas Q3 profit edges up but scraps 2009 outlook just-style.com | 6 Nov 08

Sportswear giant Adidas Group today (6 November) reported 2% net income growth to EUR302m (US$387.5m) for the third quarter, as Reebok brand sales slumped 10% in Euro terms.

US: TaylorMade-Adidas Golf to buy Ashworth just-style.com | 13 Oct 08

TaylorMade-adidas Golf, a subsidiary of sporting goods giant Adidas Group, is to buy golf inspired sportwear maker Ashworth Inc for $28.1m in a deal that makes it one of the world’s leading golf apparel companies.

GERMANY: Adidas lifts FY guidance as Q2 profits rise 12% just-style.com | 5 Aug 08

Sporting goods maker Adidas Group today (5 August) lifted its full-year guidance after strong sales at the Euro 2008 football tournament helped it to an 11.7% jump in second quarter profit.

GERMANY: Adidas Q1 profit climbs despite Reebok slump just-style.com | 6 May 08

Sporting goods giant Adidas has reported a 32% leap in first quarter net income to EUR169m (US$262.2m), reporting revenue growth in all units except Reebok.

GERMANY: Adidas FY profit up 14% despite Reebok sales slide just-style.com | 5 Mar 08

Full-year profit at German sporting goods giant Adidas Group increased 14% to EUR551m (US$838.7m), even though like-for-like sales of its Reebok brand fell 5% during the year.

US: TaylorMade-Adidas Golf sells Maxfli trademark just-style.com | 18 Feb 08

Adidas Group subsidiary TaylorMade-Adidas Golf has sold its Maxfli and related trademarks to retailer Dick's Sporting Goods.

GERMANY: Adidas income rises 22% in third quarter just-style.com | 8 Nov 07

Sporting goods behemoth Adidas Group has posted a 22% increase in net income for the third quarter to EUR298m (US$437m), attributed to higher operating profit and lower net financial expenses, including those linked to the integration of the Reebok brand.

GERMANY: Adidas net income jumps without Reebok integration costs just-style.com | 8 Aug 07

Adidas Group has reported a 27% increase in net income for the second quarter, with integration costs for Reebok behind the German company and synergies in place.

GERMANY: Adidas Q1 profit slips 11%, upbeat on Reebok integration just-style.com | 8 May 07

German athletic apparel and sporting goods maker Adidas AG on Tuesday (8 May) said first quarter profit fell 11% in line with expectations, but is upbeat that the integration of the Reebok brand is finally starting to pay off.

GERMANY: Adidas extends deal with Intersport International just-style.com | 6 Feb 07

Sports goods company The Adidas Group has extended its strategic cooperation with sporting goods retailer Intersport International Corporation until 2010.

GERMANY: adidas beats Q2 expectations with World Cup boost just-style.com | 9 Aug 06

Sports goods company adidas has risen above expectations with a 24% rise in second-quarter profit, helped by the recent football World Cup.

GERMANY: adidas suggests market victory as Reebok buy boosts sales just-style.com | 10 May 06

The adidas Group got off to a "powerful start" in 2006, said the company’s chairman and CEO yesterday (9 May), also claiming the company had knocked rival Nike from the top sports market spot.

GERMANY: adidas ups growth outlook on Reebok buy just-style.com | 12 Apr 06

German sports goods company adidas made efforts yesterday (11 April) to quell worries it will struggle to take the recently acquired Reebok brand into its fold.

GERMANY: adidas suffers Q4 loss as Reebok orders dive just-style.com | 2 Mar 06

Athletic major adidas said it suffered a surprise fourth-quarter loss and admitted a lack of orders at newly-bought Reebok.

GERMANY: Adidas Goes Luxury With Porsche Deal just-style.com | 11 Jul 05

Sportswear company Adidas-Salomon AG has agreed a long-term design deal with car manufacturer Porsche AG's Design unit.

USA: Adidas America Names New Senior VP - Sales just-style.com | 7 Jul 05

Sportswear giant adidas’ American subsidiary has named Russ Hopcus as senior vice president of sales.

USA: Gear For Sports Bolsters Sales Teams just-style.com | 4 Jul 05

Gear for Sports has expanded its sales team through the additions of John Polkis as senior vice president of sales, and Dan Langner as vice president golf sales and marketing.

GERMANY: Adidas Sells Salomon For €485m just-style.com | 3 May 05

Sports goods giant Adidas-Salomon has decided to sell off its Salomon division to Finnish company Amer Sports for approximately €485 million.

GERMANY: Adidas-Salomon Arranges €800m Credit Deal just-style.com | 23 Dec 04

Sportswear producer Adidas-Salomon is using a bank consortium arrange an €800 million revolving credit line.

GERMANY: Stamminger Named Adidas America CEO just-style.com | 10 Dec 03

Sportswear firm Adidas-Salomon AG has named Erich Stamminger as president and CEO of Adidas America Inc.

GERMANY: Adidas Q1 Profit Climbs 19% To EUR51m just-style.com | 30 Apr 03

German sportswear group Adidas-Salomon AG on Wednesday announced a 19 per cent jump in first quarter profit but saw its shares fall amid tough conditions in the lucrative US market.

GERMANY: Adidas Names Jim Stutts Asia-Pacific Chief just-style.com | 30 Aug 02

German sportswear giant Adidas-Salomon AG on Friday named Jim Stutts head of the Asia Pacific region for the Adidas brand. Stutts, formerly chief executive for TaylorMade-Adidas Golf, will replace Dieter Paschen who will retire at the end of the year the company said in a statement.

GERMANY: adidas-Salomon Footwear Sales Up, Apparel Flat just-style.com | 2 Nov 00

Net sales for the adidas-Salomon Group in the first nine months of 2000 grew by 7 per cent to Euro 4.4bn, continuing the growth trend registered in the first half of the year, the company announced today. Sales growth in the first nine months was driven by footwear and hardware, which were up 9 and 24 per cent respectively. The footwear increase was largely attributable to solid double-digit growth in the adidas basketball, soccer, adventure, and skateboarding categories. Hardware improvements reflect the introduction of new high-technology products at Salomon and TaylorMade-adidas Golf. Group apparel sales in the first nine months were virtually flat. Sales for brand adidas in the third quarter were up four per cent, which brought sales for the first nine months to Euro 3.7bn, a four per cent increase year-over-year. adidas brand footwear sales increased by eight per cent in the first nine months to Euro 1.9bn. adidas apparel sales were slightly below the previous year's level. Asia again delivered the highest regional growth rate with net sales increasing 33 per cent to Euro 589m for the first nine months, extending the growth pattern of the half year. In Europe, sales grew five per cent to Euro 2.3bn. In North America, sales performance for the first nine months matched last year's level at Euro 1.4bn.For 2000, Salomon and TaylorMade-adidas Golf are expected to achieve double-digit sales improvement as a result of new high-technology product introductions and increased sales efforts initiated with the Growth and Efficiency Programme. This is significantly above adidas-Salomon's original expectations and will compensate for the lower than expected performance of adidas in North America and the significant net negative currency effects and higher interest expenses, the company said. adidas-Salomon therefore confirms that it will meet its earnings forecast announced at the beginning of the year, of 20 per cent below the previous year's level.


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