Tough times for sportswear firms?
In the money: Competition rife in sportswear
The choice between fight and flight is taking on a new meaning in the sporting goods sector. Brands are soaring by…
UK: Nike considers acquisition for Asian growth – report
US sportswear giant Nike has not ruled out acquisitions in Japan or China to establish its brand there, it has…
GERMANY: Puma maintains forecast despite Q1 profit dip
Sporting goods giant Puma is maintaining its 2008 forecast for slight sales growth despite posting a 6.7% profit fall in…
US: Nike and Finish Line launch new store concept
Nike and The Finish Line have opened a new concept store called Finish Line Ltd in the US for young…
GERMANY: Adidas Q1 profit climbs despite Reebok slump
Sporting goods giant Adidas has reported a 32% leap in first quarter net income to EUR169m (US$262.2m), reporting revenue growth…
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UK: JJB closing 72 stores after FY profit slump
UK sportswear retailer JJB Sports is to close 72 of its stores after reporting a 71.9% slump in annual pre-tax…
UK: JD hails “substantial progress” as FY profit doubles
Sports and leisurewear retailer John David Group (JD) more than doubled its full-year pre-tax profit to GBP35m (US$68.9m) on stronger…
US: Finish Line stumbles to FY loss on Genesco expenses
Expenses related to its aborted merger with Genesco helped retailer The Finish Line slide into the red with a full-year…
US: Foot Locker cautious after Q4 profit drops 23%
Specialist retailer Foot Locker is planning more store closures after reporting a 23% nosedive in profits during the fourth quarter.…