Sporting Goods Industry News for October 01, 2014
The Three Stripes intends to return up to €1.5 billion ($1.9 bb) to adidas AG shareholders over the next three years, largely through share repurchases funded predominantly from the Group’s free cash flow.
Although U.S. rounds played in August were down 2.5%, largely due to a wetter month than typical, there were positives for the period.
VFC SVP and CFO Bob Shearer, 62, will retire in March 2015 following 28 years with the company.
RSG now has 59 running specialty doors in 13 states and the District of Columbia.
IRG, a Russian retailer that manages mono-brand stores for Apple, Nike, Samsung and others, intends to invest $7 million to open 50 multi-branded athletic footwear stores in Russia under the “Street Beat” banner.