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.
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.
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.
Olympic swimming champion Amanda Beard, who appeared in Playboy magazine in 2007, is to appear naked in an advertising campaign protesting against fashion furs that will be launched at the Beijing Olympics on Wednesday.
Outerwear maker Columbia Sportswear Co reported a surprising quarterly net loss after a year-ago profit, as U.S. and European retailers canceled orders of the company's namesake brand in the weakening economy, and its shares fell 12 percent.
Adidas expects at least 15 percent growth in 2008 net profit, the German sport goods maker's Chief Financial Officer, Robin Stalker, was quoted on Sunday as saying, reiterating the group's full-year forecast.