JCPenney Withdraws Profit Outlook For Year

JCPenney lowered its sales outlook after reporting a shortfall in revenues in the third quarter. The department store also withdrew its guidance for earnings due to the hiring of a new CEO and an interim CFO.

Arena Signs Egyptian Talent Farida Osman

Arena announced that it has signed World Championship medallist Farida Osman in a sponsorship deal that runs through to the 2020 Tokyo Olympics. The 23-year-old Egyptian, a freestyle and butterfly sprinter, won the 50m butterfly bronze at the 2017 World Championships in Budapest.

Nike To Open Nike NYC On Thursday

Nike Inc. will open its newest Nike House of Innovation, on Thursday as Nike NYC: a 68,000 sq. ft., six-level, cross-category premium Nike store located at 650 Fifth Ave. Nike NYC is “the pinnacle expression of modern retail, representing the best of Nike global product, experiences and sport innovation.,” according to a statement.

Nike Names Craig Williams President Of Jordan Brand

Nike Inc. announced that effective Jan. 14, 2019, Craig A. Williams will become president of Jordan Brand. Williams joins Jordan Brand from The Coca-Cola Co., where he most recently served as senior vice president, The Coca-Cola Co. and president of The McDonald’s Division (TMD) Worldwide.

Epic Pass Adds Resorts In France And Italy

Vail Resorts Inc. on Wednesday announced that Epic Pass holders will now receive seven days of skiing or snowboarding with no blackout dates at Les 3 Vallees, France and Skirama Dolomiti in a long-term alliance beginning with 2018-19 winter season.

Ikon Pass Adds Three New Zealand Ski Areas

Ikon Pass has announced Coronet Peak, The Remarkables and Mt Hutt on New Zealand’s South Island as its newest partners, now offering access to nearly 82,000 acres at 38 mountain destinations across the planet.