Nike Inc. reported earnings in the first quarter ended August 31 rose 25.2 percent and easily surpassed Wall Street’s targets. Currency-neutral sales grew 10 percent, led by a 27 percent jump in China and low-teens gains in both the EMEA and APLA regions. North America’s sales grew 4 percent.
Author: SGB Media
Vail Resorts Closes Acquisition of Peak Resorts
Vail Resorts Inc. on Tuesday announced that the company has closed on its acquisition of Peak Resorts Inc. for a purchase price of $11 per share, or roughly $264 million.
China’s Topsports Seeks To Raise Up To $1.2 Billion in IPO
Topsports International Holdings Ltd, the sportswear business of Chinese footwear retailer Belle International, launched a Hong Kong initial public offering (IPO) to raise up to $1.2 billion, according to Reuters.
Nearly All U.S. Adults Want to Protect Natural Resources
Nearly all U.S. adults (93 percent) believe it is important to protect natural resources, including fresh air and clean water, through the acquisition and maintenance of local parks, trails and green spaces, according to a newly released report from the National Recreation and Park Association (NRPA).
Wahoo Acquires Speedplay
Wahoo, the provider of connected fitness devices, announced its acquisition of Speedplay, the pedal brand found on the bikes of athletes such as Tour de France winner Sir Bradley Wiggins, two-time Ironman World Champion Jan Frodeno, and two-time Time Trial World Champion Kristin Armstrong.
YogaClub Attains Funding
YogaClub, a size-inclusive activewear subscription service for women based in El Segundo, CA, secured a credit facility of $2 million from Garden City, NY-based Craft Capital Management.
Mayfield Athletics Earns Patent For Facemask Clip Design
Mayfield Athletics, a Michigan-based sports equipment company, earned a patent for its flagship product, S.A.F.E.Clip, a facemask clip proven to reduce impact to the head by up to 35 percent for football players. The company recently announced a second patent is currently pending for its Generation 2 design.
Ninja Nation Launches Global Franchise Program
Ninja Nation, a leading provider of obstacle course arenas, formally launched its global franchise program. In announcing ambitious growth plans, company leadership set a goal of creating One Million Heroes – children and adults bettering themselves physically and mentally through unique and ever-changing Ninja Nation obstacle courses.
Marshalls Launches Online Store
Marshalls unveiled its e-commerce website, Marshalls.com. The site brings the Marshalls shopping experience online, curating an ever-changing mix of merchandise at value prices.
Adidas America To Fund Cycle-Track Outside Portland Headquarters
Adidas America Inc is looking to spend $1 million for the construction of a cycle-track on the street outside their headquarters in the Overlook neighborhood of north Portland.
San Francisco-Based VR-Fitness Start-Up Secures Funding
YUR (“why you are”), a San Francisco-based virtual reality fitness company and community, has raised $1.1 million in funding.
Nike Seeking Rejection Of Avenatti Subpoena Requests
Nike has asked a federal judge to reject a subpoena request from celebrity lawyer Michael Avenatti, according to the Portland Business Journal.
New Balance Seeks To Block Nike’s Liverpool Deal
New Balance is taking legal action against Liverpool because they’re being prevented from matching Nike’s bid for the soccer club’s kit rights.
HanesBrands Partners With How2Recycle
Hanes has partnered with How2Recycle, a standardized labeling system that will help the company clearly communicate packaging recycling instructions on the nearly 500 million packages of product it sells in the United States and Canada.
The Best Running Stores Event Announces 2020 Date and Location
The Best Running Stores, which is organized by Diversified Communications, producers of The Running Event and Running Insight, announced that next year’s event will be held in Stone Mountain, GA at the Atlanta Evergreen Marriott from May 17-19, 2020.
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