Susquehanna International Group lowered its price target for Nike shares to $59 from $62 due to heightened risks at the company following a number of senior-level departures in recent weeks after allegations of inappropriate workplace behavior arrived.
Category: Apparel
OIA Announces Friend Of The Outdoor Industry Award
The Outdoor Industry Association (OIA) presented its Friend of the Outdoor Industry Award to Representative Elise Stefanik, Representative Erik Paulsen and Senator Jon Tester for their continued support of the outdoor recreation economy and key issues important to the outdoor industry.
Zinke Signs Secretarial Orders To Increase Recreational Opportunities On Public Lands and Waters
Secretarial Order 3366 directs certain Interior bureaus to create and deliver plans to the Department within 90 days that focus on developing or expanding recreational opportunities on public lands and waterways.
Cherokee Global Brands Earnings Plummet As Challenges Mount
Cherokee Global Brands reported a fourth-quarter loss of $45.6 million, or $3.26 per share, reflecting the impact of a one-time impairment charge of $35.5 million.
Nike Community Impact Fund Awards $250,000 To Nonprofits & Schools
With the goal of building stronger communities and giving kids positive experiences with sport, play and physical activity, 21 nonprofits and schools in Portland and southwest Washington have been awarded grants totaling $250,000.
Adidas And Ping Sign Joaquin Nieman
Joaquin Niemann, golf’s top-ranked amateur who is making his pro debut this week, signed endorsement deals with Adidas Golf for headwear, apparel, and footwear, and Ping for equipment.
Keiser University Athletics Enters Partnership With Under Armour And BSN Sports
Keiser University has selected Under Armour as the official outfitter of Seahawks athletics and the College of Golf and Sport Management.
Headsweats Enters Fourth Year of Partnership With US Trail Running Conference
Headsweats, the performance headwear company, renewed its partnership with the 2018 US Trail Running Conference as the Official Headwear Supplier for attendees.
Reebok Appoints VP Of Marketing
Melanie Boulden was most recently senior vice president of global marketing at Crayola.
Vail Resorts Sees Lift-Ticket Growth For Its Ski Season
Vail Resorts reported season-to-date total lift ticket revenue at the company’s North American mountain resorts, including an allocated portion of season pass revenue for each applicable period, was up 3.7 percent from the beginning of the ski season through April 15.
Nike’s VP Of Footwear Exits
Nike’s vice president of footwear, Greg Thompson, has left the company, a company spokesman confirmed to Reuters.
Amazon Reveals It Has 100 Million Prime Members
In a letter to shareholders on Wednesday, Jeff Bezos, CEO of Amazon, revealed that the company has more than 100 million Amazon Prime subscribers globally.
5.11 Opens Store In Downers Grove
5.11, the maker of tactical apparel and gear, recently opened a brick-and-mortar retail store in Downers Grove, IL. The location marks the brand’s 34th U.S. retail store opening and its 25th store opening in the past 18 months.
SurfStitch Acquired By Alceon Group
SurfStitch has been acquired by Alceon Retail Holdco Pty Ltd, a specialist advisory, investment and capital solutions firm who also own EziBuy Limited, a New Zealand-based apparel and homewares retailer.
REI To Open Store In West Hartford On April 27
REI will be officially open for business in the company’s new West Hartford location at Corbin’s Corner on April 27, just three miles from the current location.
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