Nike Inc. announced it is transitioning its Nike Brand business in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships, enabling a more profitable, capital-efficient and value-accretive business model. A one-time, non-recurring charge related to foreign exchange of approximately $425 million will be taken.
Author: SGB Media
GoPro’s Revenues Jump 40 Percent In Q4
GoPro Inc. reported sales rose 40 percent in the fourth quarter along with strong earnings gains although both were short of Wall Street’s targets.
Under Armour Appoints Two C-Suite Positions
Under Armour Inc. on Wednesday announced that Colin Browne has been appointed COO and Paul Fipps has been named chief experience officer (CXO), a newly created position.
Topgolf Launches New Concept
Topgolf Entertainment Group on Wednesday announced a new venue concept featuring an open, single-floor design.
Women’s Sports Foundation, Partners Herald National Girls And Women In Sports Day
Led by the Women’s Sports Foundation (WSF), a coalition of champion WSF Athlete Ambassadors, advocates and girls from WSF’s community programs, united Wednesday on Capitol Hill to celebrate the 34th Annual National Girls & Women in Sports Day (NGWSD).
Rad Power Bikes Closes $25 Million In Funding To Grow DTC Business
Rad Power Bikes, a Seattle-based ebike brand, closed $25 million in funding led by Vulcan Capital and Durable Capital Partners LP. The funding will support new brick & mortar retail locations around the world, along with expansion of the company’s mobile service and white glove delivery offerings.
Esquif Canoes Announces Leadership Appointment
Frampton, Quebec-based Esquif Canoes announced this week that David Hadden will join the company in the newly created role of director of business development.
Peloton Raises Guidance After Cruising To Q2 Beat
In just its second quarterly earnings report since going public, Peloton Interactive Inc. notched impressive earnings and revenue beat as the company grew its number of connected fitness subscribers 96 percent to 712,005 and its total members to more than 2 million.
Mammoth Coolers Secures Nationwide Sales Representation
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Mizuno Signs Ronda Rousey
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Andre Iguodala Joins Comcast Ventures’ Catalyst Fund
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Bluestar Alliance Outlines Plan For Hurley
Private equity firm Bluestar Alliance LLC (BSA) on Wednesday unveiled its plans to “rebuild Hurley’s core infrastructure and has poised the brand for exceptional growth,” the company said in a press release.
Fjällräven To Open Flagship Brand Center In Denver
Fjällräven, the Swedish heritage outerwear brand since 1960, will celebrate the grand opening of a new 6,000-square-foot brand center in downtown Denver, CO, this summer. Located on the corner of Platte and 15th Street in the LoHi neighborhood near REI and Wilderness Exchange, the center will offer consumers a community-focused experience with sustainable technical gear […]
Royal Robbins To Open “Travel Outfitting” Stores
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OIA Partners With State Universities To Offer Certificate Program
Outdoor Industry Association, (OIA), announced it has partnered with The University of Colorado, Utah State University and Western Colorado University to offer an Outdoor Industry Business Certificate Program in 2020 through their continuing education departments. The online-based and self-paced, non-credit certificates will focus on “OIA’s three-pillar areas of public policy, increasing outdoor participation and sustainable […]