Adidas says 2006 sales jump on World Cup, Reebok
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Adidas, the world's second-biggest sport goods maker, said its 2006 sales grew 52 percent, boosted by the soccer World Cup in Germany and the purchase of Reebok in the United States.
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Nike Inc.  said on Wednesday  that quarterly profit jumped 10 percent, topping Wall Street  estimates on strong U.S. demand for its footwear and robust  growth overseas, sending shares up over 3 percent in  after-hours trade.
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German sports goods maker  Adidas-Salomon launched a sportswear collection with designer  Stella McCartney on Wednesday, expecting to boost sales by at  least 10 million euros ($12 million) next year.
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Nike Inc.  on Thursday said its second-quarter earnings rose a surprisingly large 46 percent on strong sales in the United States and in emerging markets like China, while a weaker dollar beefed up profits in Europe.
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French luxury products group Hermes International has reported a 6.1-percent sales rise in 2006 and said it expected stronger growth this year depending on business conditions in Japan.
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Nike Inc.  said on Wednesday that quarterly profit jumped 10 percent, topping Wall Street estimates on strong U.S. demand for its footwear and robust growth overseas, sending shares up over 3 percent in after-hours trade.
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Club makers and assorted equipment providers expect sales to reach nearly $4 billion this year, up slightly from last year.
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Puma, the world's third-biggest maker of sportswear and equipment, has blamed marketing expenditure for the football World Cup for an eight-percent drop in net profit in 2006.
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CHICAGO (CBS.MW) -- Reebok International Ltd. reported a 30 percent pop in profit for the third quarter Thursday and said that its chairman will take on the day-to-day duties of the company.
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FIFA has signed a &#36;351 million sponsorship deal with German sporting goods giant Adidas, officials announced Wednesday.
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German sporting goods maker Adidas is changing the format of its fast-growing global chain of Adidas Originals stores, focusing on customized design and interaction among shoppers to boost market share.
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Wal-Mart Stores Inc., the world&#39;s largest retailer, estimated November sales at US stores open at least a year rose about 0.7 percent, less than forecast, as higher gasoline prices and
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Nike Inc.  boosted its quarterly dividend by 25 percent on Monday, citing strong cash flow and growth prospects as the world's biggest athletic shoe company has racked up record revenue and soaring profits the past few years.
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Sponsorship spending by North American companies is forecast to rise 12.6 percent this year to $16.78 billion, which would mark the biggest jump since 2000, according to a research firm.
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Nike Inc. NKE.N, the world's  largest athletic shoe company, on Monday reported a 25 percent  rise in quarterly profit, beating analysts' estimates, on  growing demand for its namesake products in the United States.
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Nike, the US sports footwear and clothing firm, unveils a 26% rise in first quarter income, thanks to the Olympics raising its profile.
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The shirt worn by 17-year-old Pele when  he scored two goals for Brazil in the 1958 World Cup final  against Sweden is set to raise up to 100,000 pounds ($180,000)  when it is sold at auction next week.