Sports apparel maker Quiksilver Inc said on Wednesday it agreed to sell its Rossignol business to a group led by Rossignol's former CEO for 100 million euros ($147 million), sending its shares up as much as 15 percent.
China may have overwhelmed the United States -- not to mention the rest of the world -- in its quest for Olympic gold, but when it comes to trade China may be losing its edge. A spate of factors including a weak dollar, sluggish U.S.
With as many scientists behind them as coaches, athletes have used everything from radio thermometer pills to space-age fabrics designed to land robots on Mars to reach new heights at the Beijing Games.
Snowboarding gear retailer Zumiez Inc posted a better-than-expected quarterly profit, but lowered its fiscal 2008 outlook citing a challenging macro environment, sending its shares down as much as 8 percent.
Sporting-goods retailer Hibbett Sports Inc posted quarterly revenue well ahead of market expectations as it sold more performance shoes and apparel, but profits failed to keep pace due to slightly lower margins.
Athletic-shoe retailer Foot Locker Inc posted a second-quarter profit, soundly beating market estimates, as fewer discounts boosted margins, sending its shares up as much as 11 percent. The company reported net income of $18.
Australian athletes will be advised to wear team uniforms outside of the Olympic village after a relative of a U.S. coach was stabbed to death in Beijing, the Australian Olympic Committee (AOC) said on Sunday.
Adidas AG, the world's No. 2 sports goods maker, on Thursday played down the short-term business benefits of the Olympic Games but said China would become its second-largest market by the end of the year.