EXEC: On Holding C-Suite See Lifestyle Appeal, Younger Consumers Propelling Growth
EXEC: Nike’s Brand Owner in Brazil Aligns with Beaverton’s Renewed Focus on Wholesale
EXEC: Yeti Ups FY GM and Profit Guide; C-Suite Talk Drag from U.S. Drinkware Challenges
EXEC: July Manufacturing Index Indicates Contraction in U.S. for Fifth Straight Month
GoPro Inc. Raises $50M Via Second Term Loan to Bolster Balance Sheet, Repay Debt
SGB Update
Moody’s Reduces Academy Sports Debt Ratings Outlook
Moody’s Ratings lowered Academy Sports & Outdoors’ debt ratings outlook to “stable” from “positive” on its belief that the retailer’s credit metrics “will take longer than originally anticipated to reach levels in line with a higher rating” due to the challenged economy.
Nevco Sports Acquires Platform to Automate Publishing Live Scores from Scoreboards
Nevco Sports LLC, known for its electronic scoreboards, has acquired Scorebird, a platform that allows organizations to automate the process of bringing live scores directly from a scoreboard.
Report: HFA 2025 Global State of the Fitness Industry
The Health & Fitness Association offers a global perspective in its 2025 State of the Fitness Industry report, which is detailed through regional and country analyses, along with expanded research that includes studies on Latin American consumers, gym membership price sensitivity, and American views on fitness.
Report: Gildan Activewear in Talks to Acquire Hanesbrands
Gildan Activewear, headquartered in Montreal, Canada, is close to acquiring Hanesbrands in a potential $5 billion deal that includes debt. A deal could be agreed by the end of the week, but sources cautioned that an acquisition may not be finalized.
On Holding AG Beats Top-Line Estimates for Q2 but Swings to Net Loss; Raises Full Year Guidance
ONON shares were up more than 10 percent in pre-market trading on Tuesday, August 12, after the company delivered another record quarter for net sales, combined with significant increases in EBITDA in the 2025 second quarter while suffering a net loss in the period compared to net income in the year-ago quarter.
SGB Executive
EXEC: Asics Corp. Raises 2025 Forecast, Implements Interim Dividend Payout
Full year 2025 revenues are now expected to reach ¥800 billion, up from the initial forecast of ¥780 billion provide on February 14, 2025. The company will further increase the annual dividend forecast to ¥28.00 per share.
EXEC: On Holding C-Suite See Lifestyle Appeal, Younger Consumers Propelling Growth
Martin Hoffman, who now holds the CEO chair on a solo basis, said On is raising its outlook for 2025 due to the strong Q2 performance , continued momentum in early Q3, a strong order book for the fall/winter season and continued efficiencies.
EXEC: UK’s SportsShoes.com Delivers 4 Percent Annual Growth
The UK-based company reported sales rose 4 percent to a record £93.3 million ($126 mm) in its fiscal year ended February 28 while EBITDA advanced 13.3 percent year-on-year to £6 million.
EXEC: Nike’s Brand Owner in Brazil Aligns with Beaverton’s Renewed Focus on Wholesale
Nike’s physical stores, including both full price and NVS (Nike Value Stores) in Brazil expanded 8.2 percent year-over-year (y/y), with same-store sales up 10.7 percent y/y in the second quarter. Nike’s digital channel recorded a 5.1 percent y/y increase. Wholesale revenue was up 4.4 percent y/y.
EXEC: Fanatics Loses Appeal to Sell Branded NFL, NBA, MLB, and NHL Apparel in Australia
No Fanatics-branded jerseys or related apparel can now be offered for sale or sold in Australia. Items shown on the Fanatics, LLC website will also not be available for sale in Australia under this judgment.
