Nike Inc. reported earnings in the fiscal fourth quartar ended May 31 exceeded analysts’ consensus targets by 17 cents but also warned that it would downwardly adjust its guidance for the coming year due to continued “challenges” in the marketplace.
Author: SGB Media
Original Penguin Enters Spain with First Flagship Store
Perry Ellis International, parent of the brand, said that the launch marks an expansion for the brand under its new Spanish license partner, Linea Magna Europa SL, an affiliate of Linea Magna which has grown the Original Penguin brand in Mexico since 2012.
CityPickle Secures Investment to Fund Expansion
The influx of capital will support CityPickle’s plans to expand the locations of its permanent indoor pickleball club concept in addition to strategic activations at landmarks in urban areas.
Competitive Cyclist Named as Official U.S. Retailer for Tour de France
Competitive Cyclist has secured an exclusive partnership with Amaury Sport Organisation (A.S.O.) as the sole U.S. retailer for this year’s Tour de France products.
Wilson SG Opens New Football Factory in Ohio, Extends NFL Partnership
As part of the multi-year NFL extension, Wilson debuted a new football factory in Ada, OH, as well as becoming the official football of NFL Flag programs internationally, continuing the brands’ joint mission of growing the game across various demographics and countries.
Body Fit Training Inks Master Franchise Agreement for Scandinavia
Body Fit Training said Tage Flugeim signed the agreement, a seasoned fitness operator who opened his own gym and brought Barry’s Bootcamp to Scandinavia 15 years ago as the first international market outside North America.
Feat Clothing Secures New Majority Investor
2.0 Ventures, a private equity firm headquartered in Salt Lake City, acquired a majority stake in Feat Clothing, Inc. Taylor Offer, who founded the California-based athleisure brand in 2014, will transition from his role as CEO to a position on the Board of Directors.
Classified Cycling Names Head of Marketing and Communications
Classified Cycling, based in Antwerp, Belgium, hired James Vickers as head of marketing and communications. Vickers previously held key marketing roles at Muuvr, Wahoo Fitness and Wattbike.
American Sportfishing Association Fills Out Board of Directors
Casey Shedd and Bruce Stanton were re-elected to the Board of Directors and Jeff Kolodzinski and Dan Pastore were elected to to their first terms on the Board.
Birkenstock Announces Pricing of Secondary Offering
Birkenstock Holding plc announced the pricing of an underwritten secondary public offering of 14 million of its ordinary shares by L Catterton, its majority shareholder, at a price to the public of $54.00 per share.
Report: Shein Filed for London Listing in Early June After U.S. Snub
The filing, which would initiate the process for a listing on the London Stock Exchange, comes after the company explored a listing on the Exchange early this year after lawmakers opposed a U.S. listing, Reuters reported in May, citing sources.
REI Adds Two Board Members
Patricia Lopez, a former executive in the beauty industry, and Doug Mack, former CEO of Fanatics, were elected to the company’s board of directors in May.
WHO Report: Global Levels of Physical Inactivity Among Adults Continues to Rise
In the World Health Organization’s recently published study, physical inactivity is a silent threat to global health, contributing significantly to the burden of chronic diseases, with physical inactivity still more common among women globally than men.
Golftec Opens Second Mainland China Location
The new location joins the Golftec Shenzhen Q-Plex location as the second center in the Nanshan district of Shenzhen, a metropolitan region of over 17 million people with a strong golf community.
Vista Outdoor Again Postpones Shareholder Vote on CSG Transaction
Vista Outdoor, Inc. announced Thursday morning that it will adjourn the special meeting of stockholders that had been scheduled for July 2 to July 23 to vote on the sale of its ammunition business, The Kinetic Group, to Prague-based Czechoslovak Group a.s. (CSG) to explore an upgraded bid for the higher company by MNC Capital.
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