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Today's News...8/11/05
AUGUST 11, 2005 --
RFID Conference Planned for October
Propelled by new mandates at major retailers and the US Department of Defense, increasing numbers of organizations are adopting Radio Frequency Identification (RFID), a technology that is generating efficiencies within supply chains and considerable confusion among managers.
To sow clarity amid the confusion, leading executives will gather to participate in "RFID: Focus on the Future," an executive roundtable scheduled for October 6-7 at the Chicago Omni Hotel. Produced by Larstan Business Reports, this event is an exclusive opportunity for RFID solution providers to join in a candid dialogue about the future of this rapidly proliferating technology. Following the roundtable, Larstan will publish a complete technical, financial, operational and market impact analysis report based on the insights and information conveyed during the discussion.
The exponential growth of RFID is prompting early adopters to seek ever-greater computing capabilities and ever more elusive guidance. According to a recent report from independent analysts IDTechEx, this year's global market for RFID, including tags, systems and services, amounts to $1.94 billion. This RFID market will reach $7.26 billion in '08 and $26.9 billion in '15.
DOD, Wal-Mart, Kroger, CVS and other influential entities in the private and public sector are paving the way for wider RFID acceptance. Notably, retail behemoth Wal-Mart recently required its top 100 suppliers to tag all pallets and containers with RFID. Now, managers everywhere are struggling to understand conflicting RFID standards. They’'e also trying to make sure their existing information technology infrastructures can accommodate massive volumes of RFID data.
"RFID: Focus on the Future" will tackle the data management challenges inherent to RFID. This Larstan roundtable will be a closed-door collaboration of the leading minds in RFID, to help managers navigate this technology’s increasingly turbulent course. Assembling the industry's "best and brightest" in one room is expected to result in a lively, freewheeling discussion that provides practical knowledge and shatters conventional wisdom. For more information, contact Jennifer O'Grady at 240/ 396-0007 x 902 or [email protected].
Two-time US Open champion Retief Goosen, who has played TaylorMade golf equipment since '96, has extended his relationship with the company thru '09. Goosen will continue to play a TaylorMade driver, fairway woods and irons; he will continue to use a TaylorMade bag; and will continue to wear TaylorMade headwear, including the TaylorMade logo on the front of his hat, and Adidas Golf footwear.
Athlete's Foot will pay unsecured creditors owed $21.5 million, or between 7¢ and 10¢ on the dollar, according to the reorganization plan filed with the US Bankruptcy Court in New York. Athlete's Foot has repaid more than $15 million in secured claims. The top 10 footwear creditors, including K-Swiss, New Balance, Timberland and Puma, are owed more than $6 million.
Russell Corp., as part of an effort to flatten its organizational structure, will eliminate the position of president and chief operating officer. Based on that change, Jon Letzler, who has filled that position since July '01, will be leaving the company effective immediately. His employment contract means that Russell will take a charge of 5¢-6¢ to pay him his due.
Oakley opened its first Canadian O Store, located in the Queen West district of Toronto. The location is the latest addition to the company's expanding domestic and international retail presence and will be owned and operated by Oakley.
Zacks.com gave Foot Locker a Zacks Rank of 4 (Sell), urging the stock be sold or avoided for the next one to three months. A #4 Sell rating is applied to 15% of all the stocks ranked by Zacks. Foot Locker cut its 2Q guidance last week. Blaming weakness in Europe, CEO Matt Serra said profits should be in the range of 27¢-29¢ per share. Seven analysts lowered their forecasts as result, causing the consensus estimate to fall to 28¢ from 35¢ per share. Foot Locker missed 1Q05 expectations by 2¢.
Piper Jaffray downgraded Big 5 to market perform…AG Edwards upgraded Hibbett to buy from hold.
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Categories
Sporting goods industry
Inventory management
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RFID
US Department of Defense
Radio Frequency Company
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Chicago Omni Hotel
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information technology infrastructures
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Jennifer O'Grady
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