The payout will mark Nike’s 18th consecutive year of increasing dividend payouts. Said Mark Parker, Chairman, President and CEO of Nike, Inc. “This dividend increase, combined with the four-year $15 billion share repurchase program announced in 2018, reflects continued confidence in our strategies to generate long-term, profitable growth as we accelerate execution of our Consumer Direct Offense.”
Author: SGB Media
Orvis.com Leaks Internal Passwords
Orvis, the Vermont-based retailer that specializes in high-end fly fishing equipmen, leaked hundreds of internal passwords on Pastebin.com for several weeks last month, exposing credentials the company used to manage everything from firewalls and routers to administrator accounts and database servers, according to KrebsOnSecurity.
Patagonia Opens First ‘Worn Wear’ Store
Patagonia opened its first dedicated Worn Wear pop-up store in Boulder, CO. Located at 1212 Pearl Street, the Worn Wear pop-up will be open through February, 2020 and will be stocked exclusively with quality Worn Wear items (used Patagonia products that have been bought back from customers) as well as Patagonia’s new ReCrafted Collection, a new line of products made from other clothes that are beyond repair.
Descente To Sponsor USA Triathlon
USA Triathlon (USAT) announced a partnership with Descente, based in Japan, to become USAT’s Official Outerwear Supplier for the next four years.
Dillard’s Q3 Profits Dip But Exceed Targets
Dillard’s Inc. reported earnings fell 25.7 percent in the third quarter but came in well ahead of Wall Street’s expectations. Same-store sales were flat.
Altra’s Todd Dalhausser To Speak At 2020 Running USA Conference
Todd Dalhausser, president of Altra Running, will be one of the keynote speakers at the 2020 Running USA Industry Conference presented by Race Roster.
Wrangler Moves Into Outdoor Apparel
Wrangler, which is part of Kontoor Brands, announced the expansion of its outdoor apparel line with the launch of All Terrain Gear (ATG) by Wrangler.
Duluth Holdings Enters Tennessee With Two New Stores
Duluth Holdings Inc. (dba, Duluth Trading Co.) on Thursday announced the grand openings of its 60th store in Franklin, TN, and its 61st store in Knoxville, TN, marking the retailer’s entrance into Tennessee.
ImPACT Applications Partners With SportsEngine
ImPACT Applications and SportsEngine are partnering to help expand the availability of ImPACT baseline testing to help identify and manage youth concussions.
Surfrider Foundation Releases 2019 State Of The Beach Report
The report finds that the majority of coastal states are not prepared for climate change impacts.
Sports Inc. And OrderMyGear Partner To Broaden E-Commerce For Team Dealers
OrderMyGear, the e-commerce platform for the team dealer market, and Sports, Inc., the sporting goods buying group, announced a technology partnership. The investment Sports, Inc. is making into technology will allow team dealers to receive additional access to pre-released OrderMyGear product features and discounts on various services to provide a more robust e-commerce solution for team dealers.
Conspiracy Charges Dropped In Michael Avenatti Nike Case
Federal prosecutors on Wednesday dropped two counts of conspiracy against Michael Avenatti from the case, which was first made public in March, according to a superseding indictment filed in federal court in Manhattan.
Yue Yuen’s Sales Expand 5 Percent In Nine Months
Yue Yuen reported earnings in the nine months rose 12.1 percent on a 5.1 percent revenue gain.
Decathlon Set to Open New Store In San Francisco
Decathlon is set to open its newest brick-and-mortar store in the Bay Area. The new store — located in the Potrero Center shopping mall at the corner of 16th Street and Bryant Street — was the original location of Seals Stadium, which was the first home of the San Francisco Giants.
Adidas Renews Deal With Spanish FA
The Spanish FA (RFEF) confirmed a new kit deal with Adidas to remain as the official kit supplier for the Spanish national team. The new contract extends until December 2030.
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