Nike Inc. on Tuesday announced that Heidi O’Neill, president, Nike Direct, will expand her current role as leader of Nike physical retail stores and Nike.com to now include all Nike digital products, services and member experiences, effective immediately. O’Neill will report to Elliott Hill, president, Consumer and Marketplace.
Category: Footwear
J.P. Morgan Turns Bullish On Nike’s North American Momentum
J.P. Morgan raised its price target on Nike Inc. to $85 from $81 as the investment firm has grown more convinced that Nike’s momentum in North America is accelerating. Based on its own recent fieldwork, J.P. Morgan raised its North America revenue estimate to 9 percent growth for Nike’s second quarter ended November 30.
Ascent360 Heads into 2019 With An Investment Boost
Ascent360, a Golden-CO based software company with a focus outdoor-related companies, announced it has secured a Series A venture capital investment totaling $4.1 million.
BibRave 100’s Winning Races Announced
The Missoula Marathon was again voted The Best Marathon in America, according to the 2018 edition of The BibRave 100. The OneAmerica 500 Festival Mini-Marathon won the Half Marathon category, AJC Peachtree Road Race again won the 10K, and the Allstate Hot Chocolate Chicago 5K won the 5K category.
Little League Establishes New Executive Leadership Structure
A new executive leadership structure of Little League International was established following the annual fall meeting of the Little League International Board of Directors.
Big 5 Again Faces Activist Investors
Another activist group, led by former senior executives at Wal-Mart and Vans, have launched a website, www.SaveBig5.com, and sent out a press release urging shareholders to vote for them to fill two vacant seats on the board.
Tariff War Far From Over
President Donald Trump and Chinese President Xi Jinping agreed Saturday to a temporary trade cease-fire to allow time for more negotiations but trade experts are doubtful that 90 days will be enough time to resolve the thorny and complicated issues that divide the two countries.
November M&A Roundup: Big Outdoor Deals Bookend Busy Month
Two large acquisitions in the outdoor space bookended November—Canada Goose bought Baffin to kick off the month and Callaway bought Jack Wolfskin to close it—while a flurry of M&A activity occurred in the days between.
Crocs To Repurchase Of Convertible Preferred Stock Owned by Blackstone
Crocs, Inc. announced that it has entered into an agreement with Blackstone Capital Partners VI L.P. and certain of its affiliates and transferees relating to the repurchase and conversion of the company’s Series A Convertible Preferred Stock owned by Blackstone.
SFIA Seminar: Industry Playing It Safe
On a webinar last week providing an update on the state of the sporting goods industry, Tom Cove, SFIA’s president and CEO, said that many of the industry’s players appear to be fixated on protecting their market share somewhat at the expense of pursuing growth opportunities. While this reflects an industry recovering from a string of bankruptcies, he lamented that the cautious stance may be holding back the industry’s overall growth.
RILA Encouraged By Path Forward With China On Trade
Retail Industry Leaders Association’s vice president for international trade, Hun Quach, issued a statement following President Donald Trump’s meeting with Chinese President Xi Jinping during the G20 meeting in Argentina.
Golf Rounds Played Plunge In October
According to Golf Datatech, golf rounds played in the U.S. tumbled 10.3 percent in October.
Lowa To Appoint Alexander Nicolai CEO
Lowa said that effective January 1, 2019, Alexander Nicolai will assume leadership of the Lowa’s operative business activities as the new chief executive officer. After heading Lowa for more than 25 years, Werner Riethmann will gradually begin to withdraw from daily business operations next year.
Nike Earns Ad Age’s Marketer of the Year
Nike earned Ad Age’s 2018 Marketer of the Year for its Just Do It campaign starring Colin Kaepernick and how it sparked conversations.
FDRA Applauds Trade War Ceasefire
The Footwear Distributors & Retailers of America (FDRA) applauded the move by the Trump administration to suspend new trade tariffs.
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