Word: avias
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...explains why Magic Chef refrigerators and seemingly everything else on sale at the 3,500 Wal-Mart department stores in the United States say "Made in China." Each year Gong and his team churn out $13 million worth of tennis shoes, cross-trainers and sandals for American Sporting Goods' Avia brand. That works out to about 6,000 pairs a day, ready for export. China, meanwhile, is clamoring for membership in the World Trade Organization, which will make the nation an equal partner in a transparent, globalized economy. And China's winning the bid to host the 2008 Olympics, despite...
...market began in October 1990--outdistancing the average stock, which has risen just 16% a year. Granted, Reebok had some lean years. And next to fleet-footed Nike, its problems glowed in the dark. But management got back in training and since 1995 has cut expenses, sold the underperforming Avia division, bought back 23% of outstanding stock and embarked on an ambitious new-product campaign. Its backlog of footwear orders is now up for the first time in two years...
...streets. Brad Ketchum, editor of the Boston-based Walking Magazine, counts 10,000 walking events taking place this year. Among them: the Boston Stride, the San Francisco Stride (which drew 6,000 last fall) and the Casimiro Alongi International Memorial Racewalk in Dearborn, Mich. To supply this horde, Reebok, Avia and Rockport, even though they are commonly owned, & are separately producing a variety of models. Nike says that last year it sold more than half a million pairs of its specially fashioned flexible walking shoes...
Reebok's $180 million acquisition of Avia Group International is another case of like marrying like: both companies make aerobics shoes. Reebok, which clads the feet of the fashion conscious, controls about 70% of the $330 million aerobics-shoe market. Privately held Avia, whose sales have risen from $3 million to more than $70 million during the past three years, enjoys about a 15% market share...
Description: Five illustrated charts, actual or proposed mergers involving Dart Group, Supermarkets General, USAir, Piedmont, Harcourt, Harper & Row, Reebok, Avia, Donald Trump, Resorts International...