Adidas meets 2006 targets, sees earnings growth slowing in 2007
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Adidas, the world's number two supplier of sportswear and equipment, said Wednesday that it had met all its targets for 2006, but expected earnings growth to slow this year because of difficulties at US unit Reebok.
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Retailer Payless ShoeSource Inc.  on Friday posted a quarterly profit, as lower advertising and payroll expenses and other cost savings offset decreased sales.
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Nike Inc., the world's No. 1 sport   shoe and apparel maker, on Thursday posted quarterly earnings   above Wall Street targets, boosting its shares nearly 6 percent   and easing some fears that pricey styles bearing its signature   swoosh were losing their luster.
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The company has signalled profits of between Â£285 million and Â£295 million, down on Â£311 million a year ago, following a poor run of sales.
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Eli Lilly & Company also forecast 2007 earnings at the low end of Wall Street estimates.
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BEAVERTON, Oregon  - Nike Inc. Chief Executive Mark Parker said on Tuesday worldwide revenue could rise 53 percent to $23 billion within five years, as it tries to foster more loyalty among customers to its iconic brand.
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After a record-setting quarter, the retailer expects momentum to slow.
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The footwear and apparel maker set records for the fourth quarter and full year.
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Hoping to build on the success of a shoe that generated big sales but also ridiculed when it was introduced 15 years ago, Reebok Inc.
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CAMP HILL, Pa. -- Rite Aid Corp. is warning that its earnings and revenues for the year will fall below the low end of the company&#39;s projected ranges if lagging sales trends continue.
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Norwood, Mass.-based Analog Devices Inc. (ADI) today revised the revenue outlook for its fiscal Q4 ending October 30, down 10 percent to 12 percent sequentially to between $630 million and $640 million.
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Growth in digital camera shipments by  Japanese makers in 2007 is expected to slow to 7.5 percent from  a year earlier, when lower prices and a wider variety of models  with interchangeable lenses spurred growth to 22 percent.
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NEW YORK, Dec. 31 -- After a year of stomach-churning swings, U.S. stocks managed to finish 2007 with a modest gain despite a worsening credit crunch and concerns about an economy possibly headed for recession.
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The shoe company, which is still reorganizing, reports lower sales.
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Reebok's US sales will probably drop again in 2007, but worldwide the brand is expected to grow to a $5 billion business within three to five years, Adidas chief executive Herbert Hainer said yesterday.
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Most financial executives expect the   pace of U.S. growth in the second half of 2006 to hold steady,   according to the latest survey from accounting firm Grant   Thornton.
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Compared to its competitors, Calamos wasn't able to gain much momentum in 2007.