Nike’s Q4 Tops Wall Street Targets
Nike, Inc. reported earnings in its fiscal fourth quarter ended May 31, down 5 percent year-over-year but topped Wall Street estimates. Sales were down one percent as a 7 percent decline in its wholesale segment was offset by a 7 percent gain in direct sales.
Wilson Opens Third New York City Store
Wilson Sporting Goods Co. opened its third store in New York City at Columbus Circle.
Compass Diversified Joins Russell 2000 And 3000 Indexes
Compass Diversified (CODI) announced that it has been added to the Russell 2000 and 3000 Indexes at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. stock market opens Monday.
BSN Sports To Acquire Eastbay Team Sales Business
BSN Sports announced that it has entered into an agreement to acquire substantially all of the assets of the Eastbay Team Sales business from Foot Locker Retail, Inc., a subsidiary of Foot Locker.
Dick’s Sporting Goods To Close Montgomery Store
Dick’s Sporting Goods announced the closing of its store at EastChase in Montgomery, AL, according to Alabama News.
Rally House Opens Eighth Store In Cleveland Market
Downtown Cleveland gains a new Rally House store in the historic Caxton Building within the Gateway District, its eighth location in the Cleveland area.
Lids To Open Next To NBA Store In Manhattan
Lids will open a store at 545 Fifth Avenue in New York City, next to the National Basketball Association (NBA) store, which Lids manages on behalf of the NBA.
Foot Locker Appoints EVP, Global Lockers And Champs Sports
According to a regulatory filing, Foot Locker, Inc. appointed Andy Gray, formerly EVP and chief commercial officer, as EVP, Global Lockers and Champs Sports.
Employees At REI’s Berkeley, CA Store Seek To Unionize
Employees working at REI’s Berkeley, CA store have asked the outdoor retailer to recognize their intent to form a union, according to Berkleyside.org; this comes after employees working at REI’s Manhattan store in March voted to create the first union at the co-op.
Gearhead Outfitters To Relocate Fayetteville Store
Gearhead Outfitters will relocate its Fayetteville store from Dickson Street to 101 North Block Avenue in Fayetteville, NC and is expected to open this fall.
Infinited Fiber Company Plans $420 Million Factory
Finnish recycled fiber company Infinited Fiber plans to build its first commercial-scale Infinna fiber factory at Stora Enso’s Veitsiluoto industrial site in Kemi, Finland’s northernmost region of Lapland. The size of the planned investment is around €400 million ($420 mm).
BreakingT Partners With NWSL
BreakingT, the fan apparel maker based in Washington, DC, entered into a licensed apparel agreement with the National Women’s Soccer League (NWSL).
Tennis Participation Outpaces All Racquet Sports
With an increase of nearly 5 million players since 2019, tennis participation in the United States is outpacing that of all other racquet sports, according to new analysis from Sports Marketing Surveys.
Nike To Fully Exit Russia
Nike plans to fully exit from Russia following its move three months ago to suspend operations there at the start of the Ukraine invasion, Nike said in an e-mailed statement to Reuters.
Duluth Holdings Appoints Board Member
Duluth Holdings Inc., the parent of Duluth Trading Company, announced the appointment of Susan Riley to its Board of Directors.
