Nike’s North American Struggles Continue In Q2

With strong double-digit growth overseas, Nike Inc. reported second-quarter earnings and sales that topped Wall Street’s expectations but growth in North America decelerated further in the period. Nike officials further indicated that it will take one or two quarters for growth to resume in the region.

U.S. Ski & Snowboard Designates Squaw Valley/Alpine Meadows As Official Training Site

U.S. Ski & Snowboard announced a five year agreement with Squaw Valley Alpine Meadows, designating the resort as an Official Training Site of the U.S. Ski & Snowboard Team. Squaw Valley Alpine Meadows joins Mammoth Mountain in California, Deer Valley in Utah, Copper Mountain in Colorado and Timberline Lodge in Oregon as one of only five official training sites across the country.

Chris Clawson Re-elected SFIA Chairman

New additions to the Board include: Mike Dowse (President; Wilson Sporting Goods), Jared Drinkwater (Chief Marketing Officer, BSN Sports), John Graham (President; Speedo USA), Fouzan Mansuri (Director and Category Leader for Sports & Fitness; Amazon), and Matt Stanton (Vice President; Global Public Policy; Under Armour, Inc.)

Finish Line Raises Guidance On Sales Uptick

While the selling climate remains highly promotional, Finish Line Inc. said an acceleration in sales in running and basketball helped support a lower-than-expected loss in the third quarter ended November 25, prompting the sneaker chain to raise its guidance for its fiscal year.