Goldman Sachs boosted its rating on shares of Nike Inc. to “buy” because a “deep dive” analysis shows that the brand is poised for continued sizeable growth in China and should benefit from its resilient popularity among young consumers in North America.
Author: SGB Media
Topgolf To Open Location In Cleveland
Topgolf Entertainment Group announced plans to open its newest Ohio location in Cleveland at 9 a.m. Friday. The three-level, 65,000-square-foot venue will feature popular Topgolf games and technology, private event spaces and more.
Americans Resolve To Prioritize Health And Wellness in 2020
When asked about their top focus areas for the New Year, more than half (51 percent) of Americans said health and wellness while only 27 percent chose financial stability, according to the annual New Year’s Resolution Study conducted by Allianz Life Insurance Company of North America.
Simms Names Strick Walker Chief Marketing Officer
Simms Fishing Products, a manufacturer of waders, outerwear, footwear and technical apparel in fishing, on Wednesday announced the hiring of Strick Walker as its chief marketing officer.
Outdoor Retailer Names Finalists For Innovation Awards
Outdoor Retailer on Wednesday unveiled 30 finalists for the second annual Outdoor Retailer Innovation Awards, which recognize achievements in outdoor products, materials and services.
Justice Department To Review Google’s Pending Acquisition Of Fitbit
The U.S. Justice Department will review plans by Google to acquire Fitbit Inc for possible antitrust issues.
MP Brand Launches Phelps Test Team
MP Brand, Michael Phelp’s swim brand designed by Aqua Sphere, announced the launch of the Phelps Test Team, an all-new online platform designed for the global swimming community.
iFit Raises $200 Million To Accelerate Connected Fitness Category
iFit, the connected fitness streaming platform based in Logan, UT, announced the completion of a $200 million growth equity investment led by Pamplona Capital Management. iFit is owned by ICON Health & Fitness.
Yue Yuen Shows Modest Gain In November
Yue Yuen reported revenue reached $864.4 million in November against $852.2 million a year ago, representing a gain of 1.4 percent.
ISlide Secures Equity Funding
ISlide, the developer of custom slide sandals, closed its most recent investment round by adding three new prominent major investors. The investors include Milwaukee Bucks president Peter Feigin, Memphis Grizzles forward Jae Crowder, and former president of Adidas Sports Licensed division and Lids David Baxter.
Vail Resorts Tees Up $215M In Ski Area Improvements
As the 2019/20 ski season gets underway, Vail Resorts Inc. has already unveiled up to $215 million in capital improvements for next year. Here’s what’s on tap for North America’s largest ski resort operator, which this week reported a revenue beat in the fiscal first quarter behind strong pass sales.
Safilo Group Board Approves Four-Year Group Business Plan
The board of directors of Safilo Group S.p.A. on Tuesday approved the new Group Business Plan 2020-2024. The new plan incorporates the effects of the Group’s most recent business developments.
Nike Employees March At Headquarters For Women’s Rights
Hundreds of Nike employees on Monday marched in protest at its headquarters over the company’s treatment of women , according to local and national reports. This march took place as Nike reopened a building named after disgraced running coach Alberto Salazar, the coach of Nike’s shuttered Oregon Project.
Riddell Partners With NetVirta
Riddell entered a strategic partnership with tech company NetVirta to advance head protection with mobile 3D technology.
The Ironman Group Bolsters Global Partnership Leadership Team
The Ironman Group, a Wanda Sports Group company, announced the addition of Matt Wikstrom and Chris Marciani to its Global Partnership leadership team.
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