Nike Inc. reported earnings in the second quarter ended November 30 rose 31.6 percent and climbed well ahead of Wall Street’s consensus estimate. Sales jumped 13 percent on a currency-neutral basis, led by robust gains in China and Europe. North America delivered a mid-single-digit sales gain.
Author: SGB Media
Industry Veteran Bill Sinoff Tapped To Lead Evolv’s Next Chapter
Bill Sinoff has been named general manager of the climbing shoe brand Evolv, which was acquired by Oberalp Group earlier this year. Though Sinoff faces a lofty goal at Evolv—lead the brand into a new chapter of domestic and global growth—he feels his background has prepared him for the challenge. Here’s what this climbing legend shared with SGB about his latest venture.
Rave Sports Appoints VP Of Sales
Rave Sports, based in St. Paul, MN, appointed Jason Borg as vice president of sales. Previously, Borg was national sales manager for Escalade Sports.
NRF Welcomes House USMCA Vote, Says Pact ‘Reflects Today’s Global Economy’
The National Retail Federation on Thursday said it welcomed House passage of the United States-Mexico-Canada Agreement and called on the Senate to immediately take action.
Public Lands, Outdoors Recreation Score Wins In Budget Deal
A bipartisan budget agreement that was passed Thursday “includes positive measures and funding to protect our public lands, support the outdoor recreation economy and increase access to the outdoors,” according to the Outdoor Industry Association (OIA).
OIA: Outdoor Businesses Paid More Than $1 Billion In Tariffs In October
October tariff data from Outdoor Industry Association (OIA) indicates that overall tariffs collected on a range of outdoor products surpassed the $1 billion mark for the second consecutive month in October.
Winnebago Industries Appoints New Director To Board
Winnebago Industries Inc. on Thursday announced the appointment of Sara Armbruster to its board of directors, effective December 18.
CODI’s Debt Upgraded By S&P
Standard & Poors upgraded the debt ratings of the parent of 5.11 Tactical, Velocity Outdoor and Liberty Safe due to its significant debt reductions in the past year.
SquadLocker Hires Senior Account Executive
SquadLocker, a leading uniform and custom team gear provider, hired senior account executive Karen Andreozzi Silveira to lead their School Uniform Initiative for the New England region.
Smith & Wesson Sued In Canada By Shooting Victims
Smith & Wesson was hit by a class-action lawsuit by victims of a mass shooting in Toronto last year. The suit charges the gun maker was negligent for not incorporating “smart gun” technology for the firearm used in the attack.
Black Diamond Opens Trolley Square Flagship Store In Salt Lake City
Black Diamond Equipment, a manufacturer of climbing, skiing and mountain sports equipment, will open the doors to a new state-of-the-art flagship store in Salt Lake City, UT, on December 19.
Genesco To Acquire Footwear Licensee Togast
Genesco Inc. announced Wednesday it has entered into a definitive asset purchase agreement to acquire New York-based Togast LLC, which specializes in the design, sourcing and sale of licensed footwear.
Conversation With Hibbett’s New CEO Mike Longo
In his first interview since being appointed CEO of Hibbett Sports Inc., Mike Longo tells SGB Executive how he ended up in the role, his goals for the Birmingham, AL-based company and the retail leadership priorities he learned most recently as CEO of “city specialty” retailer City Gear. Longo also admitted that, like his predecessor Jeff Rosenthal, he’s a bit of a sneakerhead.
Berghaus Hires New Head Of Category
Berghaus, the UK-based outdoor owned by Pentland Brands, appointed Paul Anderton as head of category for product and innovation.
IHRSA Launches Passport Program For Access To Gyms Worldwide
The International Health, Racquet & Sportsclub Association (IHRSA) on Wednesday announced the creation of the IHRSA Passport Program, giving members of IHRSA affiliated clubs access to more than 1,000 clubs worldwide when they travel.
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