Nike Accelerates Pursuit Of $50 Billion

As Nike Inc. pursues its goal of $50 billion in annual revenue by 2022, the company is targeting both organic and acquisition growth. In the past week, the Beaverton, OR-based sports footwear and apparel giant hit milestones along each of those paths.

Yue Yuen Sales Up In July

Yue Yuen Industrial Holdings Limited reported sales in July reached $812.2 million, up 3 percent from $787.1 million in July 2018.

NOLS Announces New Trustees

NOLS (National Outdoor Leadership School) on Monday announced the appointments of five new members to its board of trustees: John Babcock, Jimmy Chin, José González, Annie Morita and George Phipps.

National Football League And Sportradar Broaden Partnership

The National Football League (NFL) and Sportradar, a provider of sports data and content, on Monday announced an expansion of their existing partnership, which will license the distribution of NFL official league data and content to more fans around the world.

Steve Madden Completes Acquisition Of Greats

Steve Madden, a designer and marketer of fashion footwear and accessories for women, men and children, on Monday announced that it has completed the acquisition of privately held Greats Brand Inc., a digitally native footwear brand specializing in premium sneakers made in Italy.

NBA Experience Opens At Walt Disney World Resort

The NBA Experience opened Monday morning at Disney Springs at Walt Disney World Resort. Disney Chairman and CEO Bob Iger unveiled the first-of-its-kind destination; he was joined onstage by NBA Commissioner Adam Silver and several current and former NBA and WNBA players.

Nike To Launch Sneaker Subscription Service

Nike Inc. this week will launch a new fee-based subscription service for kids sneakers, the company announced Monday. Nike Adventure Club will feature three tiers of subscription plans and is aimed at 2-year to 10-year olds. It will effectively gives subscribers a new pair of Nike sneakers that cost about $50 or more once a month, once every two months or once every three.

Australia, Oboz Boost Kathmandu’s Fiscal Year Sales

Kathmandu Holdings Ltd. released unaudited earnings for the fiscal year ended July 2019. The company said it is expecting total sales of NZ$545 million (US$351.8 million), up 9.6 percent compared to the prior year behind strength in Australia and from its 2018 acquisition of Oboz.